Sunday, August 31, 2025
22.7 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

Hot this week

Inspenonline Unveils Think-tank on NIIRA, Insurance Sector Recapitalisation

As the insurance sector witnesses a new dawn with...

SanlamAllianz, Cornerstone, emPLE, Enterprise Life, Leadway, Lasaco Throw Weight Behind IMT 4.0

The fourth edition of Insurance Meets Tech (IMT 4.0)...

NCDMB, Coppercrux Engage South-South Youths on CNG Technologies, Opportunities in Value Chains

The Nigerian Content Development and Monitoring Board (NCDMB), in...

Fidelity Bank Champions Africa’s Export Growth at FNITCC Atlanta 2025

Leading financial institution, Fidelity Bank Plc has announced plans...

NAICOM, CAC Partner for 12- Month Recapitalisation Timeline

The Management of the National Insurance Commission (NAICOM) paid...

Topics

NCC Reports 97% Readiness Level for 5G Deployment in Nigeria

The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation...

India to Invest $4bn in Nigeria’s ICT Sector

Mr. Adebayo Shittu, the Minister of Communications say India...

Stanbic IBTC Partners Afreximbank on N300bn Domestic Bond

    Stanbic IBTC Capital Limited, a subsidiary of the Stanbic...

VFD Group Unveils New Website, Reiterates Commitment to Create Africa’s 1st Business Ecosystem

VFD Group, sector agnostic proprietary investment company has announced...

CBN: How PTA to MDAs, Estacodes Gulped $4bn in 2019

The Central Bank of Nigeria (CBN) says government officials...

NCC Warns Against Sale, Use of Non-type Approved Devices

The Nigerian Communications Commission (NCC), has warned traders and...

Deliver Energy Before The ‘Just Transition’

  By Lamé Verre Fellow of the Energy Institute | Member...
spot_img

Related Articles

Popular Categories

spot_imgspot_img