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Monthly Archives: May 2019

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Africa’s airline industry, weakest…

Africa is expected to retain its position as the weakest airline region in the world in 2019, as it has been over the past four years. These forecasts were made by the International Air Transport Association (IATA). According to IATA, “African carriers are expected to report a $300 million net loss in 2019 (slightly improved from the$400 million net loss in 2018). The expected net loss per passenger is $3.51(-2.1% net margin). “Performance is improving, but only slowly. Losses are expected to be cut in 2019 as fuel prices decrease. The region benefits from higher-than-average yields and lower operating costs in some categories. However, few airlines int he region are able to achieve adequate load factors to generate profits.” One exception to this story has been Ethiopian Airlines, the state owned carrier. Its net profit in the 2017/18 financial year rose almost 2 per cent to $233 million. All regions (see break down below), except Africa, are expected to report profits in 2018 and 2019. Carriers in North America continue to lead on financial performance, accounting for nearly half of the industry’s total profits. Financial performance is expected to improve compared to 2018 in all regions except for Europe, where improvement has been delayed by the high degree of fuel hedging. North American carriers are expected to deliver the strongest financial performance in 2019 with a $16.6 billion net profit (up from..

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Kenya to develop blue…

For many years now, the economic potential of the African continent has been discussed, promoted and hailed by everyone from economists to policymakers to world leaders – and with very good reason. After all, Africa is a vast, populous, developing continent with enormous natural and human resource riches and a raft of rapidly developing economies which are helping create prosperity and raise living standards and social opportunities through economic growth. But those discussions and promotions have often focused heavily, if not exclusively, on the land-based economies of the continent, and little has been said about the equally vast potential of Africa’s blue economy. The  in Nairobi from 26 to 28 Nov., is helping to bring this potential into focus – and not just for Africa, but for the entire global community – by highlighting the economic opportunities the world’s oceans, seas and rivers offer. The global blue economy, by some estimates, generates up to USD 6 trillion for the global economy and, if it were a country, would be the seventh-largest economy is the world. It helps drive economic growth and provides jobs for hundreds of millions around the world, often to those in the poorest communities, in industries as diverse as fishing, transport, tourism, off-shore mining and others. [caption id="attachment_158685" align="aligncenter" width="640"] Ambassador Macharia Kamau, Principal Secretary, at Kenya’s Ministry of Foreign Affairs, and the coordinating Ministry of the Sustainable..

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Netflix’s African all-girl spy…

Soon audiences around the world will be able to stream the story of an all girl-team of African spies, who also happen to be four normal Zambian teens by day. This week, Netflix announced that it has picked up Mama K’s Team 4, an animated series as its . Netflix is teaming up  with South Africa’s Triggerfish, who have emerged as  of African children’s stories through animation and London-based children’s entertainment specialists Cake. The Cape Town-based Triggerfish animation studios has consistently produced children’s animation, despite . With Netflix in Africa, the story of African animation has become more hopeful. Mama K’s Team 4 was born out of Triggerfish Animation Studios’ Story Lab initiative in 2015, which invited animation writers from around the continent to submit their stories of uniquely African animation. Malenga Mulendema was one of eight winners of that initiative, and will now see her competition submission developed and turned into an animated series. “Cartoons were an exciting part of my childhood in Zambia,” Mulendema tells Quartz Africa. “But regardless of whether it was the scheduled one hour of cartoons on the local broadcaster or multiple hours, later, on international channels, representational characters were very few and far between.” [caption id="" align="alignnone" width="450"] NETFLIX/TRIGGERFISH STUDIOS: Just another day as a superhero.[/caption] As a child, Mulendema and her friends would recreate their own cartoons, writing their own story lines and acting them out to fill in..

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