Emirates mulls growing African footprint

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Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees the potential for growth in Africa. Orhan Abbas, senior vice-president of commercial operations in Africa for Emirates, said that Africa has been one of the strong performing markets for the carrier over the past two years, even amid challenges there. In the year ending March 31, 2019, Emirates saw a 9% rise year-on-year in revenues from its operations to and from Africa, with the region registering the strongest growth compared to other markets. Abbas said the growth in travel into and out of Africa stems from various sectors including leisure, business travel, trade, and religious travel especially for Haj and Umrah from West Africa.

CBK, Bank of Mauritius brainstorm to deepen ties

The Central Bank of Kenya (CBK) and the Bank of Mauritius held a brainstorming session with a view to enhancing cooperation between the two central banks. Governor Dr Patrick Njoroge headed the delegation from the Central Bank of Kenya and Governor Yandraduth Googoolye led the discussion from the Bank of Mauritius perspective. The central banks exchanged views on banking sector matters, fintech developments, AML/CFT issues, and challenges of relevance to Kenya and Mauritius. They shared their experience with the current regulatory framework. The two institutions also closely examined areas of cooperation across a broad range of central banking issues where they can benefit from knowledge transfer.

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