Sunday, November 9, 2025
24.5 C
Lagos

African Aviation Generates $80bn in GDP Per Year

· Carries 70m Passengers
· Creates 6. 9m Jobs

The International Air Transport Association (IATA) announced the theme for the 2016 Aviation Day Africa (Abuja, Nigeria, May 23 – May 24, 2016): “Driving African Economies through the Power of Aviation.”

The conference will bring together regional stakeholders to address current issues affecting aviation in Africa including the proliferation of taxes and charges, public-private partnerships, aviation, safety, security, next generation airports and market connectivity.

Aviation in Africa carries over 70 million passengers a year, supports more than 6.9 million jobs on the continent and generates over $80 billion in GDP. Over the next five years the African economy is forecast to grow at a strong 4.7% per year, well above the global average rate. For the continent to realize its full economic potential, aviation – particularly commercial air transport – must be prioritised.

Raphael Kuuchi, Vice-President Africa, IATA said: “Governments and organisations need to focus not only on national issues but also on the strategic development of pan-African aviation. Policies that promote investment in air transport infrastructure, improve safety and enhance air connectivity must be implemented. Aviation has the potential to make a much more significant contribution to economic growth and development within the continent if its power is unleashed.”

“The conference is a great opportunity for Africa’s key stakeholders to debate the industry’s most pressing issues and align actions to address the challenges. Through harnessing the power of aviation we will be helping to build a brighter future—not only for individual airlines and the air transport industry, but for all Africans, who will benefit with greater prosperity through jobs and opportunities,” said Hussein Dabbas, IATA’s Regional Vice-President for Africa and The Middle East.

The Africa Day Conference speaker line-up reflects a broad spectrum of aviation stakeholders from governments, policy makers, regulators, airlines and manufacturers.

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Pension Managers Supports ART X Lagos 2025 to Celebrate African Creativity

As West Africa’s leading art fair, ART X Lagos, marks its...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Lagride Launches Low-Cost Omni to Disrupt Korope Transport in Lagos

Lagos’ leading smart mobility platform has launched the Lagride...

Malta Guinness, TRACE Naija Energise Campuses Across Nigeria with “In The City” Tour

This year’s edition of the annual Trace In The...

Topics

Stanbic IBTC Capital Clinches Five Honors at 2024 AIHN Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings...

Global Retirement Funds Rise to $18.1tr in 2017

Costa Rica: The No. 1 place to retire! The world's...

Union Bank Reports 20% Growth in PBT H1 2024 Despite CBN’s Intervention

Despite the challenging environment following the Central Bank of...

Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’

Fitch Ratings has revised the outlook on Fidelity Bank...

Union Bank Upgrades to PCIDSS v4.0 Certification

Union Bank, one of Nigeria’s most noteworthy and trusted...

Fitch Ratings: Bharti Airtel: Credit Positives amid Regulatory Uncertainty

­Fitch Ratings says that India-based Bharti Airtel's financial profile...

FG to Obasanjo: “Buhari Has Performed Creditably”

Buhari (left) and Obasanjo The Federal Government has replied former...
spot_img

Related Articles

Popular Categories

spot_imgspot_img