Categories: BusinessLatest

Over 70% of Jobs Lost in Africa’s Aviation and Tourism Industry Because of Covid-19, AfDB Says

The AfDB has stated that about five million jobs have been lost in the aviation and tourism industries in Africa due to the Covid-19 pandemic.

About five million out of Africa’s seven million aviation and tourism industry-related jobs have been lost in 2020. Also, as much as $15 billion in revenue, half of this to African airlines.

 

This was disclosed by the African Development Bank (AfDB) in a statement issued Friday.

AfDB’s Vice President for Infrastructure, Industrialization and Private Sector, Solomon Quaynor, explained that the pandemic’s effect was felt more in Africa, a claim that was backed up by numerous panellists at the just concluded AfDB webinar themed ‘African Aviation Recovery Conference: Coordinating an Efficient Response to the Covid-19 Crisis’ Effects on the Aviation Sector in Africa.’

He said, “The air transport system is really at the forefront of all our collective objectives to realize Africa as a single economic bloc. The centrality of the aviation sector to Africa’s long-term goals by referencing three flagship projects of the AU’s Agenda 2063 that aim to advance open skies and closer connectivity: SAATM, The African Continental Free Trade Area, and the African Passport-Free movement of people.

 “The air transport system is really at the forefront of all our collective objectives to realize Africa as a single economic bloc of 1.3 billion people with a GDP of almost three trillion dollars, for which we want to begin to really focus and increase trade among ourselves, as well as investment.”

 

Follow us on:

AriseNews

Recent Posts

Nigeria’s GDP, CPI To Be Rebased In November, Says NBS Chief

The Statistician-General/Chief Executive, National Bureau of Statistics (NBS), Mr. Semiu Adeniran, on Friday disclosed that…

55 seconds ago

D-Day in Edo As 2.2 Million Voters To Decide Ighodalo, Okpebholo, Akpata’s Fate On Saturday

The 2,249,780 voters in Edo State that have collected their Permanent Voters Cards (PVCs) out…

7 mins ago

Tinubu: I’m Not In Office For Personal Gain But To Serve Nigeria

President Bola Tinubu on Friday declared that his purpose for seeking the nation's number one…

9 hours ago

Kano Partners Tony Blair Institute to Unlock $23.5m Investment in Energy Sector

Kano state government is partnering Tony Blair Institute for Global Change to attract $23.5 million…

9 hours ago

Nigeria Says Legal Frameworks to Safeguard Country’s Biodiversity Being Reviewed

Nigeria's federal government has said it is currently reviewing the nation’s legal frameworks, among other…

9 hours ago

Abuja, Port Harcourt Airports Win International Awards

The Nnamdi Azikiwe International Airport, Abuja, and the Port Harcourt International Airport have been recognised…

9 hours ago