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Aviation Blog

‘All airlines will have to increase their fares,’ says Corsair’s CEO Pascal de Izaguirre – The Africa Report

By Nelly Fualdes
Posted on Monday, 30 May 2022 11:51
According to Corsair’s CEO Pascal de Izaguirre, coping with rising fuel prices without discouraging traffic recovery is a delicate exercise for airlines.
SEP-Congo took over from Société de Manutention de Carburants Aviation (SMCA) – the company that supplies fuel to Blaise-Diagne International Airport in Senegal – after it had to deal with a paraffin shortage at the end of April. The company, which is responsible for oil logistics in DRC, sounded the alarm on 16 May, explaining that it had to impose a strict quota on its fuel supply because of the tension in stocks, thus leading to the cancellation of several flights at the Kinshasa airport.
READ MORE Côte d’Ivoire: Alassane Ouattara is working to strengthen the national airline’s connections
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Nigerian cement demand growth underpins prospects for share-price advances at Lafarge Africa and Dangote Cement, while investors should steer clear of BUA Cement on valuation grounds, according to research this month.
With Mauritius removed from the Financial Action Task Force (FATF) list of countries subject to increased monitoring on 21 October 2021, and from the EU list of high-risk third countries on 7 January 2022, Dhanesswurnath Thakoor can breathe a sigh of relief.
North Africa faces growing dangers of social instability as governments seek to protect their populations from rising food prices prompted by the Russia-Ukraine war.
Ghana produced a record 1.4m tonnes of cocoa beans in the 2020/21 season. This year has been much tougher. “Last season we ended the year with our highest production, but this year, seeing galamsey [illegal mining] taking a lot of our cocoa lands and the extensive harmattan, our production will be affected,” says Fiifi Boafo, public affairs manager of Ghana’s state-run Cocobod, which manages the sector.

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