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:
Iran's Supreme Leader has warned the US and Israel of a "crushing response" following an…
Kemi Badenoch has pledged to "renew" the Conservative Party and reclaim voters as she was…
Peter Obi has criticised the court ruling withholding funds to Rivers State, calling it disturbing…
AGF Fagbemi has taken over the prosecution of 114 #EndBadGovernance protesters, addressing alleged treason and…
NNPC and Morocco's ONHYM has advanced the $26 billion African Atlantic Gas Pipeline, emphasising regional…
TCN has restored power on the Gombe-Damaturu-Maiduguri line, fully operational again after vandalism halted service.