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Air Freight

IATA Highlights Persistent Challenges with Blocked Aviation Funds

December 11, 2024December 11, 2024 Constance Makungu

The International Air Transport Association (IATA) has raised concerns over several countries preventing airlines from repatriating their earnings, a situation that significantly impacts the global aviation industry. As of October 2024, $1.7 billion in airline funds remain blocked, although this reflects a slight improvement compared to $1.8 billion in April 2024. Regional Trends in Blocked Funds IATA highlighted reductions in blocked funds in countries like Pakistan, Bangladesh, Algeria, and Ethiopia

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Railway News Southern Africa

Biden’s Lobito Visit Highlights Strategic Push for Africa’s Mineral Corridor

December 9, 2024December 9, 2024 Constance Makungu

In a landmark visit to Lobito, Angola, U.S. President Joe Biden met with African leaders to strengthen commercial ties and counter China’s growing influence on the continent. The focus of the summit was a transformative plan to develop the Lobito Corridor—a railway that will transport critical minerals from Zambia and the Democratic Republic of Congo (DRC) to global markets. The United States has pledged a $550 million loan to rehabilitate

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Air Freight

African Airlines Record Slowest Growth in Global Air Cargo Market

December 5, 2024December 5, 2024 Constance Makungu

Data from the International Air Transport Association (IATA) shows that African airlines experienced the slowest growth in the global air cargo market in October 2024. The IATA report compares global and regional air cargo traffic and capacity for October 2024 with the same period in 2023. African carriers contributed just 2% to the global air cargo market, marking a low market share. In October 2024, African airlines saw a modest

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Railway News Southern Africa

Biden Announces $600 Million in New Financing for African Railway Infrastructure

December 5, 2024December 5, 2024 Constance Makungu

President Joe Biden is concluding his trip to Angola with a significant announcement of $600 million in new financing for a multi-country railway, a move aimed at boosting U.S. investment in critical minerals infrastructure across Africa and countering China’s growing influence on the continent. This latest announcement builds on the $553 million pledged earlier this year by the U.S. International Development Finance Corporation (DFC) for the Lobito Trans-Africa Corridor, which

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Central Africa Railway News

President Biden visits Lobito Atlantic Railway to view copper exports to the USA

December 5, 2024December 5, 2024 Constance Makungu

Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC). The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the

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Air Freight

Emirates Unveils Bold A380 Livery to Celebrate AC Milan’s 125th Anniversary

November 30, 2024November 30, 2024 Constance Makungu

Emirates has revealed a striking A380 livery to commemorate the 125th anniversary of AC Milan, celebrating the club’s legacy and global impact on football. The aircraft’s fuselage is adorned with AC Milan’s iconic red and black stripes, alongside the club’s official badge and ‘Milan 125’ marking. A player silhouette in the club’s Emirates jersey further symbolizes the spirit of ambition shared by both Emirates and AC Milan. This special edition

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Ports & Terminals Shipping News

Port of Beira Welcomes One of the World’s Largest Cargo Ships

November 25, 2024November 25, 2024 Constance Makungu

On Friday, November 22, the Port of Beira in Sofala province, central Mozambique, hosted one of the world’s largest cargo ships. The 300-meter-long Post Panamax vessel, carrying 1,800 containers of diverse cargo, is operated by an international shipping company. Miguel de Jenga, Operations Director at Cornelder de Moçambique, the concessionaire managing the port, highlighted the ship’s arrival as a testament to the port’s growing competitiveness and its modernized infrastructure. Preparations

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Air Freight East Africa

Kenya Halts Adani’s Airport and Power Deals Amid U.S. Bribery Allegations

November 25, 2024November 25, 2024 Constance Makungu

Kenyan President William Ruto has ordered the immediate cancellation of a procurement process that would have transferred control of Kenya’s main airport to India’s Adani Group. The decision follows the indictment of Gautam Adani, the company’s founder, and seven others in the United States on bribery charges. In his state of the nation address last week, Ruto also announced the termination of a $736 million, 30-year public-private partnership deal signed

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Road Freight Southern Africa

Cold Box Unit Completes Successful Journey to Kansanshi Mine in Zambia

November 25, 2024November 25, 2024 Constance Makungu

The Cold Box Unit has successfully arrived at Kansanshi Mine in Solwezi, completing a challenging journey that began on October 29, 2024, at the Katima Mulilo Border in Zambia’s Western Province. After a well-coordinated transport effort, the load passed through multiple provinces, navigating various terrains and logistical hurdles before arriving at the Kansanshi Mine boom gate at 16:50 hours. Transporting this large and complex piece of equipment posed significant challenges

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Air Freight Southern Africa

Zambia’s President Announces Plans to Upgrade Northern Airports for Economic Growth

November 25, 2024November 25, 2024 Constance Makungu

Zambia’s President, Hakainde Hichilema, has committed to upgrading Mansa, Kasama, and Nakonde airports to international standards as part of a broader strategy to accelerate economic development in the Northern Corridor. Speaking at the Kwabuka Traditional Ceremony in Mansa on Sunday, the President emphasized his administration’s ambition to transform Luapula Province into a dynamic economic hub. “We will transform Mansa, Kasama, and Nakonde into international airports to foster significant economic growth,”

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