The government of Rwanda announced on May 21 the disbursement of $152 million to support the national airline -Rwandair- in this pandemic.
Up by $17 million from the initial plan, this financing should enable the company to sustain its cash flow, which has sharply declined since the suspension of scheduled flights on 19 March due to travel restrictions.
The crisis has forced the company to take drastic measures, including reducing staff salaries and suspending some service contracts. In the meantime, Rwandair has started providing cargo services to London, Brussels, and Guangzhou to earn some revenue.
In a May 19 tweet, the airline announced a further extension of the suspension of its scheduled flights. This measure, which is aimed at limiting the spread of the coronavirus, will remain in force until further notice.
Romuald Ngueyap
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...
The federal government signed a memorandum on Feb. 16, 2026 to establish Medipool as a national group purchasing organization for...
Liberia expects to finalize a revised mining code within three months, according to Mines Minister Matenokay Tingban. The government plans to allow a...
NNPC signs gas cooperation MoU with China Gas, PCCS Deal covers LNG, gas-to-power, flaring commercialization Nigeria targets 12 bcf/d gas output by...
Ghana timber exports fall 20% to 217,000 cubic meters Revenues drop 21% to 98.38 million euros ECOWAS demand rebounds despite global market...
“Dao” ranks among the three films in official competition at the 76th Berlinale and marks Alain Gomis’ second bid for the Golden Bear. The film...
Fort Jesus is a fortress located in Mombasa, on Kenya’s coastline, at the entrance to the natural harbor that long made the city a hub of trade in the...