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Driving Africa’s Open Skies: Aircraft Manufacturers, Catalysts for Progress (By Henok Teferra Shawl)

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Henok Teferra Shawl

Significant progress has already been achieved; 37 African countries, representing over 80% of the continent’s aviation market, have joined the SAATM initiative

DAKAR, Senegal, January 31, 2025/APO Group/ — 

By Henok Teferra Shawl, Boeing Africa Managing Director (www.Boeing.com).

The liberalization of Africa’s air transport market, as envisioned through the Single African Air Transport Market (SAATM), is not just an aspirational goal — it is an economic necessity. A unified African sky, underpinned by the Joint Prioritized Action Plan (JPAP), promises to reduce travel costs for passengers, enhance connectivity, and catalyze economic growth and cultural exchange across the continent. The success of this initiative hinges on the active support and collaboration of governments, airlines and aircraft manufacturers such as Boeing.

The need for SAATM stems from longstanding challenges in Africa’s aviation sector: limited intra-African connectivity, high travel costs, fragmented regulations, constrained aircraft financing, and underdeveloped aviation infrastructure. These barriers have confined trade, tourism, economic and social integration for decades.

Aircraft manufacturers have a responsibility to help address these issues through policy engagement, partnerships, capacity building, and technology. We take pride in our role not just as fleet suppliers but critical enablers of the ecosystem and skills that Africa’s aviation industry needs to thrive.

Significant progress has already been achieved; 37 African countries, representing over 80% of the continent’s aviation market, have joined the SAATM initiative. Key regulatory frameworks are in place, including those for fair competition and consumer protection. Capacity-building programs for aviation professionals and improvements in safety standards are now aligned with international benchmarks.

Partnering with African airlines helps renew fleets with fuel-efficient and versatile aircraft designed to meet the continent’s unique operational requirements

However, to unlock SAATM’s full potential, sustained efforts are needed to address lingering challenges such as high operational costs, infrastructure gaps, and protectionist policies. Boeing is committed to contribute meaningfully in this regard.

Collaboration is a major lever. Aircraft manufacturers partner with governments and regional bodies to highlight the benefits of a liberalized air transport market. As an example, Boeing is an active participant in the African Aviation Industry Group. The group encourages more countries to commit to SAATM and work towards harmonizing regulatory standards, creating a more unified and efficient aviation ecosystem in Africa.

Air safety is one more area of collaboration across the continent. Aircraft manufacturers including Boeing support African countries in achieving the international standards set by the International Civil Aviation Organization (ICAO) and help enhance regional air safety working closely with airlines and organizations like African Airlines Association (AFRAA).

Fleet modernization is another key area where aircraft manufacturers can make a significant impact. Partnering with African airlines helps renew fleets with fuel-efficient and versatile aircraft designed to meet the continent’s unique operational requirements. Modernized fleets reduce operational costs and emissions and make air travel more competitive, accessible, and sustainable, a critical factor for the success of the Single African Air Transport Market (SAATM).

Capacity building is another essential contribution. Training programs for pilots, engineers, airline management, and other aviation professionals are vital to supporting the sector’s rapid growth and elevating passenger experience. Aircraft manufacturers, with their expertise and resources, are well-positioned to deliver world-class training and share best practices – and we are spearheading these efforts. Additionally, community engagement programs for African youth provide systemic improvement in science, technology, engineering, and maths (STEM) education and economic empowerment, directly feeding the talent pipeline. All these initiatives equip Africa’s aviation workforce with the skills needed to ensure a robust, safe and capable industry.

Finally, infrastructure enhancement is another important building block to SAATM. By providing counsel and data-driven analytics, aircraft manufacturers can assist in modernizing airports and air traffic management systems. This ensures the infrastructure is prepared to handle the anticipated increase in air traffic, enhancing safety and facilitating smoother, more efficient operations across the continent.

A fully realized SAATM will enable seamless travel and economic growth, fostering unity, and positioning Africa as a competitive player in the global aviation industry. The collaborative efforts of the African Union Commission and its implementing agency, the African Civil Aviation Commission, national governments, civil aviation authorities, the African Development Bank, African Airlines Association, airlines, and aircraft manufacturers through the Joint Prioritized Action Plan in support of SAATM are pivotal in achieving this vision.

Working together, we can ensure Africa’s aviation renaissance and the realization of the African Union vision, Agenda 2063: an integrated, prosperous and peaceful Africa, driven by its citizens and representing a dynamic force in the global arena.

Distributed by APO Group on behalf of Boeing.

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OPPO Awards Media OutReach Newswire “Partner of the Year 2024” for Excellence in Global Press Release Distribution Services

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HONG KONG SAR – Media OutReach Newswire – 10 March 2025 – Media OutReach Newswire, Asia Pacific’s first global newswire, has been honoured with OPPO’s prestigious ‘Partner of the Year’ award for the second time, following its exemplary performance in OPPO’s rigorous annual vendor evaluation system. Media OutReach Newswire achieved an exceptional rating exceeding 90% in OPPO’s evaluation matrix—an A-tier classification that OPPO’s Global Procurement team characterises as ‘extremely difficult to achieve.’ This distinguished OPPO award further solidifies Media OutReach Newswire’s position as a trusted global press release distribution partner. In their formal commendation accompanying the award, OPPO acknowledged the partnership’s strategic value, stating: “You have demonstrated a deep understanding of client requirements and consistently delivered outstanding results.”

Since 2019, Media OutReach Newswire has been a trusted newswire partner of OPPO, the world’s leading smart device brand known for combining aesthetic excellence with innovative technology. Media OutReach Newswire has supported OPPO by distributing the company’s press releases across Asia Pacific, Southeast Asia, the USA & Canada, the Middle East, Africa, Europe & the UK, and Latin America.

“Being recognised as the ‘OPPO Partner of the Year’ for the second time is a proud moment for Media OutReach Newswire and a testament to the excellence of our distribution network and customer services,” said Jennifer Kok, Founder and CEO of Media OutReach Newswire. “This award reflects our deep understanding of clients’ needs and our commitment to delivering results that exceed expectations globally. It highlights our expertise in connecting OPPO’s press releases with journalists, securing guaranteed news postings on high-quality media outlets globally, and providing post-release reports with data insights and PR Campaign Intelligence. Our continuous investment in press release distribution network ensures OPPO’s PR and marketing teams achieve impactful results in their global communications campaigns. Media OutReach Newswire is the trusted partner for corporations and governments looking to elevate their global brand trust and recognition.”

Through its comprehensive database of more than 200,000 journalists and editors over 500 trade categories, Media OutReach Newswire ensured OPPO’s press releases reached both general news (newspapers) and targeted trade media such as telecommunications & mobile, general technology, business, finance, ESG, retail and lifestyle which are key to OPPO’s business communications. By delivering OPPO’s press release directly to the inbox of targeted journalists and editors, Media OutReach Newswire’s press release distribution service has generated write-ups from trade media such as Gadgets 360, GMSArena, Phone Arena, Hardware Zone, Tech Edition as well as from tier one media outlets like CNBC, Forbes and South China Morning Post.

Media OutReach Newswire offers a Total Communications Solution that addresses the full requirements of PR and IR professionals, which includes a comprehensive global network of editors and journalists, guaranteed online news postings on quality and real media, and multiformat ready to use post release report with data insights and pioneering PR Campaign Intelligence to facilitate C-Suite’s reporting.

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Ecobank Côte d’Ivoire Launches West Africa’s First Gender Bond to Accelerate Financial Inclusion for Women Entrepreneurs

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This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period

ABIDJAN, Ivory Coast, March 8, 2025/APO Group/ –Ecobank Côte d’Ivoire, a subsidiary of Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan African Bank, takes a major step forward in its commitment to financial inclusion with the launch of the first Gender Bond in West Africa. This groundbreaking bond issuance, amounting to XOF 10 billion, aims to mobilize funding for women-owned and women-led businesses, reducing financing inequalities and fostering inclusive economic growth.

Named “Ellever Gender Bond 6.5% 2024-2029,” this bond has been structured and arranged by EDC Investissement Corporation (EIC), Ecobank’s Brokerage and Asset Management subsidiary. It marks Ecobank Côte d’Ivoire’s second bond issuance after its initial fundraising in 2013. Aligned with international sustainable finance standards, the Gender Bond has received an independent second-party opinion from Morningstar Sustainalytics, ensuring compliance with global best practices in responsible investment.

Since its inception, the ELLEVER program has made a tangible impact on women entrepreneurship. In 2024, over 3,465 businesses registered, benefiting from XOF 13.25 billion in disbursed loans. However, access to financing remains a significant challenge for women entrepreneurs in West Africa, where less than 20% of women-led SMEs have access to adequate funding. Globally, Gender Bonds represented only USD 14.5 billion, accounting for just 1.5% of the sustainable bond market in 2023, underscoring the need to expand such initiatives.

We have structured this bond to be attractive to investors while delivering a strong impact on women’s empowerment in Côte d’Ivoire

According to Paul-Harry Aithnard, Managing Director of Ecobank Côte d’Ivoire, women’s financial inclusion is a major economic priority. “This Gender Bond provides a tangible solution to the challenges faced by women entrepreneurs in West Africa. Today, women-led businesses are recognized for their resilience and performance, yet they remain significantly underfunded. Through this issuance, we reaffirm our commitment to building an ecosystem where women have full access to the financial resources they need to grow and succeed. This is a powerful tool to transform access to financing and sustainably accelerate the growth of women-led businesses.”

The “Ellever Gender Bond 6.5% 2024-2029” offers investors and the public a unique opportunity to combine profitability with social impact. This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period. The total issuance of XOF 10 billion consists of one million securities with a nominal value of XOF 10,000 each.

All funds raised will be fully allocated to strengthening the ELLEVER program, financing initiatives led by women, and providing them with tailored financial and technical support. Roseline Abé, Chief Executive Officer of EDC Investissement Corporation, highlights the significance of this initiative: “We have structured this bond to be attractive to investors while delivering a strong impact on women’s empowerment in Côte d’Ivoire. This is a unique opportunity to combine financial performance with social inclusion.”

With this Gender Bond, Ecobank Côte d’Ivoire cements its leadership in sustainable finance and paves the way for greater economic inclusion. The bank’s ambition goes beyond this issuance, as it envisions a long-term strategy to promote innovative and inclusive financial instruments.

Paul-Harry Aithnard concludes: “This issuance is just the beginning. We will continue to develop tailored solutions to enhance women’s participation in the economy and encourage other financial institutions to follow this path.”

Through this initiative, Ecobank Côte d’Ivoire is transforming access to finance and reaffirming its commitment to inclusive and sustainable development.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

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Congo Drives Oil Development, Organization of the Petroleum Exporting Countries (OPEC) to Participate at Congo Energy & Investment Forum (CEIF) 2025

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With aims to attract investment to the sector, Congo is preparing to launch an international licensing round at the inaugural Congo Energy & Investment Forum (CEIF) this March

BRAZZAVILLE, Congo (Republic of the), March 7, 2025/APO Group/ –As sub-Saharan Africa’s fourth largest oil producer, the Republic of Congo has ambitions to leverage its oil production to fuel further economic growth. With over 1.8 billion barrels of proven oil reserves, Congo has ambitions to double oil production to 500,000 barrels per day (bpd) by 2027.

With aims to attract investment to the sector, Congo is preparing to launch an international licensing round at the inaugural Congo Energy & Investment Forum (CEIF) this March. In light of these ambitions, an address by Haitham Al Ghais, Secretary General, OPEC at CEIF 2025 is set to strengthen confidence and support cooperation among major oil producing nations in Africa.

The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

Haitham Al Ghais’ participation at CEIF 2025 underscores the vital role of international collaboration in shaping Africa’s energy future

Last June, Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua participated in two OPEC meetings, where the decision was made to extend oil production cuts into 2025. During the meetings, Minister Itoua expressed the country’s steadfast commitment to supporting market stability while highlighting that production cuts will encourage new investment in African oil and gas projects.

Congo is currently leading several exploration and development programs to unlock new geological plays in the country. Independent hydrocarbon producer Perenco recently yielded a shallow water discovery at its PNGF Sud license and completed a 3D seismic acquisition campaign on the Tchibouela II, Tchendo II, Marine XXVIII and Emeraude permits, paving the way for future exploration drilling.

Meanwhile, Italian major Eni is focused on exploration efforts on the conventional and deep offshore areas off the coast of Pointe-Noire. Chinese energy company Wing Wah is currently developing the Banga Kayo block while French supermajor TotalEnergies is preparing to drill the Niamou-1 exploration well on the Marine XX offshore block.

“Haitham Al Ghais’ participation at CEIF 2025 underscores the vital role of international collaboration in shaping Africa’s energy future. His insights as OPEC Secretary General will enhance dialogue, foster investor confidence and strengthen partnerships crucial to unlocking Congo’s vast oil potential,” states Sandra Jeque, Events and Project Director at Energy Capital & Power.

Distributed by APO Group on behalf of Energy Capital & Power.

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