Rwanda sets $152mln rescue plan for its national carrier
Monday, 25 May 2020 13:22
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
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
When the city of Kerma rivaled Pharaonic Egypt
14:35
-
Cameroon Tightens Timber Rules to Protect Revenue and Forests
13:46
-
Senegalese Entrepreneur Ndeye-Talla Dioum Centralizes Student Health Records
13:45
-
Cameroon Courts Brazilian Investors With 10-Year Incentives and Regional Market Access
13:43
-
Tanzanian Startup Safiri Digitizes East African Mobility and Logistics
13:41
-
Uganda launches PostCom, a state-backed e-commerce platform leveraging its postal network
13:33
-
Cameroon Awards Key Oil Blocks, but Limited Uptake Highlights Exploration Risks
13:13
-
Cash Use Rises Across Central Africa, With Cameroon Holding the Largest Share
13:05
-
Nigeria seeks $516 mln syndicated loan for highway linking farm belts to Lagos ports
12:54
-
U.S., EU Formalize Plans to Cooperate on Critical Minerals
12:46
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
PostCom connects buyers and sellers through Uganda’s national postal system The platform integrates online trade with postal logistics for...
Tinubu seeks $516m loan for 1,000 km Sokoto-Badagry highway Project to cut travel time, boost trade and agriculture supply...
Amid strained critical mineral supply chains and China’s dominance, rival powers are exploring ways to catch up. In this context, cooperation initiatives...
Kamoa-Kakula in DRC and Baomahun in Sierra Leone are pulling CrossBoundary Energy into Africa's first baseload solar-and-storage offtake...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...