East Africa’s low cost aviation trends
By CNBC
28 November 2018 |
7:58 am
The introduction of flights by various budget airlines in the great lakes region has greatly improved travel, boosting trade and tourism, two of the area's key economic pillars.
Related
22 Jan
Talking Europe hosts the Croatian prime minister, who steered his country into the eurozone and the Schengen free travel area at the start of this year. Andrej Plenkovic talks about the symbolic and practical aspects of these two moves, and discusses his government's plans to continue helping Ukraine – despite the Croatian parliament's recent rejection of a proposal to join an EU military mission in support of Kyiv.
18 Jan
The EU's Economic Commissioner said the bloc had encouraging economic news and may avoid a much-feared deep recession in 2023.
17 Jan
German Chancellor Olaf Scholz is heading to Indonesia for the G20 summit. On the way, Scholz made a stop in Hanoi for talks on forging closer economic links with Vietnam.
23 Jan
Africa's pre-COVID-19 top five performing economies are projected to grow by more than 5.5% on average in 2023-2024 and to reclaim their position among the world's 10 fastest-growing economies. These countries are Rwanda (7.9%), Côte d'Ivoire (7.1%), Benin (6.4%), Ethiopia (6.0%) and Tanzania (5.6%).
26 Jan
Captagon is a synthetic drug that has turned Syria into a narco-state. The illicit industry behind this amphetamine is estimated to be worth billions of dollars, with over 400 million tablets seized in the Middle East in 2021.
1 Feb
Pope Francis strongly denounced the "economic colonialism" which "is unleashed" in Africa and in the Democratic Republic of Congo (DRC), on the first day of his visit to the country. "After political colonialism, an equally enslaving economic colonialism was unleashed.
3 Feb
The South Asian nation is facing an acute shortage of gas and electricity, and record inflation has put many basic food items out of citizens' reach. But the country's ruling class is caught in a political tug-of-war.
6 Feb
Sri Lanka is experiencing its worst economic crisis since its independence. The tea industry, one of the most crucial pillars of the island nation's economy, is now facing a double whammy.
9 Feb
The EU has been negotiating an economic partnership agreement with Indonesia for almost 7 years. Talks this week present new opportunity for a breakthrough.
13 Feb
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone.
16 Feb
Lael Brainard from the Federal Reserve and long-time adviser Jared Bernstein will join the president's team. The move comes as the US continues to battle high inflation.
2 Mar
Manila says it is turning around its human rights image after a brutal drug war by the country's former president. That may be enough for the EU to renew a trade scheme and restart talks over a free trade agreement.
Latest
3 hours ago
Recep Tayyip Erdogan has secured yet another term in office, after an historic election which went to a runoff. The Turkish leader fought back a tough challenge from opposition candidate Kemal Kilicdaroglu.
3 hours ago
Ukrainian authorities said that Kyiv had shot down 37 missiles and 29 drones. The Ukrainian capital has faced increasing bombardment over the month of May.
3 hours ago
GuardianTV went on the street of Abuja to ask what they expect from the new administration of President Bola Ahmed Tinubu as it takes effective from today May 29.
5 hours ago
Niger Delta Group declares support for Tinubu's Presidency.
5 hours ago
Known as a political "godfather," Bola Tinubu is taking charge of the government while Nigeria reels under economic distress and insecurity.
5 hours ago
These are the moments Kwara, Kaduna, Lagos, Zamfara, Kastina Governors take the oath of office.