Home » Archives by category » Business » Transport (Page 25)

Nigeria to Reclaim Airspace Management in Gulf of Guinea

Nigeria to Reclaim Airspace Management in Gulf of Guinea

President Muhammadu Buhari has directed the Ministry of Aviation to take over from Ghana, the management of the Nigerian airspace in the Gulf of Guinea. The president also expressed concern about the absence of a national carrier and directed the ministry to look into the possibility of having one as soon as possible. He gave […]

‘New Suez Canal’ Celebrations Echoed in Egypt’s Capital

‘New Suez Canal’ Celebrations Echoed in Egypt’s Capital

A celebratory mood presided over Cairo’s streets from the early hours of Thursday, as the nation braced for the inauguration of the “New Suez Canal”. Scores of citizens took to the streets, flaunting Egyptian flags of different sizes as well as posters of President Abdel Fattah al-Sisi. Sisi meanwhile arrived to Ismailia on Thursday afternoon […]

Kenya Airways is in dire financial straits, urgent govt bailout needed

Kenya Airways is in dire financial straits, urgent govt bailout needed

Kenya Airways (KQ) is in dire financial straits having posted a record Sh25.7 billion ($251 million) loss after tax for the year ending March 2015. One can almost feel the pain of the chief executive Mbuvi Ngunze as he tries to figure out how to bring the airline back to profitability. The financial woes at […]

Rwanda, DRC Reduce List of Commonly Traded Goods

Rwanda, DRC Reduce List of Commonly Traded Goods

Rwanda and the Democratic Republic of Congo have removed Nido, tobacco and timber on a list of commonly traded goods under the Comesa free trade area, making them uncompetitive in pricing in domestic markets. The products were struck off the list during a technical bilateral meeting in Kigali called for the two countries to harmonise […]

Zanu-PF Hawks Eye US$500 Milion NRZ Loan

Zanu-PF Hawks Eye US$500 Milion NRZ Loan

LOAN facility to the tune of US$500 million being negotiated between the Development Bank of Southern Africa (DBSA) and the troubled National Railways of Zimbabwe (NRZ) has been mired in controversy amid indications that State bureaucrats are rubbing their hands in glee as they hope to corruptly benefit from the deal. To get its act […]

Zimbabwe Railways NRZ Open To Private Train Operators

Zimbabwe Railways NRZ Open To Private Train Operators

ZIMBABWEANS with the financial muscle to buy their own trains are free to use the country’s railway infrastructure to pursue the business, Transport Minister Obert Mpofu told Parliament this past week. “I think that the policy is that, if one wants to enter into that kind of economic activity, he or she is free to […]

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone