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Outdated borders, grounded dreams: Africa risks losing $80B despite aviation growth

Despite Africa’s burgeoning tech sector and ambitious continental trade plans, outdated border systems and restrictive visa policies are poised to cost the continent an estimated $80 billion in lost economic potential over the next decade. According to a recent report from the International Air Transport Association (IATA), Africa’s aviation growth is being stunted by paper-based […]

Portugal thanks Morocco for emergency deployment of firefighting jets

The Portuguese government has publicly thanked Morocco for its swift assistance in battling severe wildfires, following the emergency deployment of two Canadair water-bombing aircraft on August 11. The planes were sent after several Portuguese firefighting aircraft were grounded, providing a critical boost to aerial operations at a time of heightened alert. The Moroccan aircraft, operating […]

IMF Director: Price stability is a basic condition to achieving growth; WB President eyes longer, cheaper loans

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Friday that price stability is “is a prerequisite for growth and it protects people, especially the poor.” This means the fight against inflation remains paramount. In her address at the plenary session of the 2023 annual meetings of the World Bank and the […]