Flags are seen at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 1, 2016. REUTERS/Clodagh Kilcoyne

$1.2 bn airline revenue blocked in Nigeria, other African countries, – IATA

The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and […]

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ATI tries to win Nigeria insurance industry, 7 other countries

African Trade Insurance (ATI) is currently discussing with Nigeria’s insurance industry and those of seven other nations on the need to be a part of the association as member countries. The seven other countries are: Ghana, South Sudan, Angola, Cameroon, Sudan, Djibouti and Sierra Leone. ATI’s Chief Executive Officer, George Otieno, who noted that some […]

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