27 C
Abuja
Friday, July 3, 2020

Qatar Airways purchase 49% stake in RwandAir

Must Read

COVID-19 : NAFDAC officials swoop on herbal product unveiling event, seal factory 

  Disorder and commotion reigned in Abeokuta, Ogun State capital at the unveiling of an anti-COVID-19 herbal syrup as officials...

COVID-19 transmission: NCDC blames youths, says responsible for fatalities of the aged 

  The Nigeria Centre for Disease Control (NCDC) has blamed youths for the transmission of Coronavirus and infecting the elderly across...

NSITF MD, Executive Directors, others given the boot 

  The Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr Adebayo Somefun, has been suspended indefinitely...

 

Qatar airways announced a 49% stake in RwandAir after taking a 60% stake in Kigali’s new airport in December.

The partnership will give RwandAir, which has reported close to $50m in losses each year since its creation, a solid technical and financial partner able to support its development and hub strategy.

Qatar Airways Chief Executive Akbar al-Baker has confirmed the purchase saying “It will be a very efficient hub in a very stable country in the heart of Africa. We see Africa as another region that has huge growth potential,” al-Baker said.

Last year, Qatar Airways and the Rwandan government signed an investment partnership whereby the Middle Eastern carrier agreed to take a 60% stake in the new Bugesera airport (east of Kigali), a project worth nearly $1.3bn and initially scheduled for completion in 2020.

 

 

- Advertisement -
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

- Advertisement -

Latest News

COVID-19 : NAFDAC officials swoop on herbal product unveiling event, seal factory 

  Disorder and commotion reigned in Abeokuta, Ogun State capital at the unveiling of an anti-COVID-19 herbal syrup as officials...

COVID-19 transmission: NCDC blames youths, says responsible for fatalities of the aged 

  The Nigeria Centre for Disease Control (NCDC) has blamed youths for the transmission of Coronavirus and infecting the elderly across the country,. It said younger people of...

NSITF MD, Executive Directors, others given the boot 

  The Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr Adebayo Somefun, has been suspended indefinitely on the orders of President...

NNPC allays fears of fire outbreak on vandalized Lagos pipeline  

  The Nigerian National Petroleum Corporation (NNPC) has allayed the fears of Lagos residents of a possible fire outbreak from a vandalized point on its...

Breaking: COVID-19 fatality: Ondo State Health Commissioner, Dr Wahab Adegbenro, dies 

  Two days after Ondo State Gov. Rotimi Akeredolu tested positive for Coronavirus, the Health Commissioner, Dr Wahab Adegbenro, has died.   Adegbenro, who died at the...

More Articles Like This

- Advertisement -