African Business News

African Airlines Fly High With Cargo On the Back of a Strong Economy

African airlines have registered the fastest growth in freight volumes in seven years in the first half of this year, bouyed by strong trade lines between the continent and Asia.

Data released by the International Air Transport Association (IATA) for the global airfreight markets shows that the volumes were up 31.6 per cent, with a capacity increase of 7.6 per cent.

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Freighting of cargoes rises by 10%, says NAHCO chief

Freighting of agricultural and perishable cargoes and other non-consumable products at the nation’s international airports has increased by 10 per cent, Nigerian Aviation Handling Company (NAHCO) Chief Commercial Officer Seyi Adewale has said.

He said the air freight of such cargoes increased from about two per cent to 12.5 per cent in the last few years due to the export promotion policy.

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HIGHEST NUMBER OF FORD RANGER EXPORTS FOR 2017 RECORDED IN JULY

South African new vehicle sales showed encouraging year-on-year improvements in July 2017, and Ford was once again a key player in contributing to domestic volumes.

Having sold a total of 5 561 vehicles locally, Ford claimed an 11.9% share of total industry sales for the month which ended on 46 719 units. The Silverton-based company currently holds 12.4% market share year-to-date.

The Ford Ranger continues to be one of South Africa’s top-selling vehicles overall and in the crucial light commercial vehicle (LCV) sector,

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US vs Russia opens door for North African supplies to Europe

US sanctions on Russia, recently signed – grudgingly – into law by US President Donald Trump, represent an opportunity for additional North African supplies to European gas markets. While much of the discussion has focused on the potential for greater US LNG imports into Europe, the main beneficiary is likely to be North Africa.

Whether the gas producers of the Maghreb will be able to cash in on this opportunity is another question.

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