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African Airlines Record Best Safety Performance in 2016

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IATA
  • African Airlines Record Best Safety Performance in 2016

The International Air Transport Association on Friday said that Sub-Saharan Africa had its best safety performance in the last decade in 2016.

IATA said that airlines from the region had zero passenger fatalities and zero jet hull losses in its data released for the 2016 safety performance of the commercial airline industry.

The IATA’s Director-General, Mr Alexandre de Juniac, in a document on Friday said the all accident rate was 2.30 per one million departures, compared to 9.73 for the previous five years.

He said the continent also saw continued improvement in turboprop safety, with a turboprop hull loss rate of 1.56 (85 per cent lower than its 2011-2015 yearly average).

According to him, there was one non-fatal turboprop hull loss.

“Sub-Saharan airlines delivered a very strong performance in 2016. But we must not rest on this success. Safety is earned every day.

“The lesson from Africa’s improvement is that the global standards like the IATA Operational Safety Audit (IOSA) make a difference.

“ African nations should maintain this strong momentum by making IOSA and the IATA Standard Safety Assessment (for those carriers that are not eligible for IOSA) parts of their airline certification process.

“Regional governments also need to accelerate the implementation of ICAO’s safety-related standards and recommended practices (SARPS).

“As of year-end 2016, only 22 African countries had at least 60 per cent SARPS implementation,” de Juniac said.

He added that the 33 sub-Saharan airlines on the IOSA registry performed nearly twice as well as non-IOSA airlines in 2016 in terms of all accidents.

They also performed 7.5 times better than non-IOSA operators in the 2012-2016 period, he said.

On the global scale, de Juniac said the all accident rate (measured in accidents per 1 million flights) was 1.61 percent, an improvement from 1.79 percent in 2015.

He noted that the 2016 major-jet-accident rate (measured in hull losses per 1 million flights) was 0.39, which was the equivalent of one major accident for every 2.56 million flights.

The IATA boss said: “This was not as good as the rate of 0.32 achieved in 2015 and was also above the five-year rate (2011-2015) of 0.36.

“There were 10 fatal accidents with 268 fatalities. This compares with an average of 13.4 fatal accidents and 371 fatalities per year in the previous five-year period (2011-2015).”

de Juniac said the 2016 jet hull loss rate for IATA member airlines was 0.35 per cent (one accident for every 2.86 million flights).

According to him, while this outperformed the global hull loss rate, it was a step back from the 0.22 accidents per million flights achieved by IATA members in 2015.

“Last year, some 3.8 billion travellers flew safely on 40.4 million flights. The number of total accidents, fatal accidents and fatalities all declined versus the five-year average, showing that aviation continues to become safer.

“We did take a step back on some key parameters from the exceptional performance of 2015; however, flying is still the safest form of long distance travel. And safety remains the top priority of all involved in aviation.

“The goal is for every flight to depart and arrive without incident. And every accident redoubles our efforts to achieve that,” de Juniac, said.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dangote Commits $700M To Sugar Production In Support of Backward Integration Policy

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Dangote Sugar Refinery Plc

The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production.

According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the Nasarawa House of Assembly on Friday.

The company noted that Nigeria was one of sub-Saharan Africa’s largest importers of sugar, second only to South Africa with an annual import of over $337m.

The Dangote Sugar management however assured the lawmakers that with the completion of its sugar projects in Nasarawa and Adamawa under the BIP, the nation would be saved more than half of the forex expended on sugar imports annually.

It added that the investment would also lift its people as other people-oriented infrastructures would come with the sugar projects.

The state lawmakers commended the Dangote Group for the choice of the state for the project and the accelerated pace with which the project was being executed, despite occasional delays arising from communal disagreements.

General Manager for the BIP, Dangote Sugar, John Beverley said when the factory was fully operational, it would have the capacity to crush 12,000 tons of cane per day, while 90MW power would be generated for both the company’s use and host communities.

He also disclosed that some 500km roads in all would be constructed to ease transportation within the vicinity. He solicited the support of the lawmakers in controlling the menace of land encroachment by settlers and itinerant farmers.

The Speaker of the Nasarawa State House of Assembly, Ibrahim Abdullah, and his team members, who were conducted around the company’s 78,000 hectares BIP in Tunga Awe Local Government Area commended the company for the project.

Abdullah noted that it would not only open up opportunities in the state but in Africa as a whole, and said the lawmakers were ready to partner and support the company towards the realisation of the sugar project through the relevant legislation.

When phase II of the project is completed, according to the company, it will make it the largest sugar refining plant in Africa.

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French Trade Advisors pledge Massive Investment In Lagos Free Zone

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The Conseillers du Commerce Exterieur (French Foreign Trade Advisors) has expressed readiness to invest massively in the Lagos Free Zone (LFZ) being developed by the Tolaram Group as they endorsed the zone as the ideal industrial destination for French businesses in Nigeria.

This was made known on Thursday, April 15, 2021, during a visit to the Lagos Free Zone. The delegation led by the Ambassador of France to Nigeria, His Excellency Jerome Pasquier accompanied by his Economic Advisor, the Consulate General of France in Lagos and the Conseillers du Commerce Exterieur comprising of CEOs of several French businesses in Nigeria.

Speaking during the visit, the Ambassador of France in Nigeria, His Excellency Jerome Pasquier explained that the aim of the visit of the Conseillers du Commerce Exterieur to Lagos Free Zone (LFZ) was to discover the opportunities in the Lagos Free Zone and the Lekki Port project, which is expected to have a huge positive impact on businesses in Nigeria.

Pasquier commended Tolaram Group, the promoter of the zone, for the foresight of integration of Lekki Port into the master plan of the Lagos Free Zone (LFZ), which would serve as the gateway for import and export from the zone thereby giving businesses in the zone a competitive edge.

The Ambassador also commended the Lagos Free Zone (LFZ) for its Master Plan for the zone which includes world-class infrastructure that is in line with its vision to be the preferred industrial hub and investment destination in West Africa.

“I am impressed by the huge size of the Lagos Free Zone project. We are very happy that the French companies will be deeply involved in this Lagos Free Zone project. It is really impressive to see how ambitious this project is. The French Minister was in Nigeria yesterday and I explained to him that Nigeria is a country where we can have big projects. For us, this project means big opportunities and that explains why we need to be here. We are happy to be here and work with Tolaram Group”, he added.

It is noteworthy to mention that the first French company to be established in the Lagos Free Zone is the terminal operations arm of CMA – CGM which has established a subsidiary within the Lagos Free Zone and is the appointed operator for the container terminal operations scheduled to commence at Lekki Port next year.

In his remarks, the Chief Executive Officer, Lagos Free Zone (LFZ), Mr. Dinesh Rathi assured the Ambassador of France and the Conseillers du Commerce Exterieur that the zone remains the best destination for investment in Nigeria and the West African sub-region given the seamless integration with Lekki Port and the world-class infrastructure provided by Lagos Free Zone.

Explaining the configuration of the zone, Rathi disclosed that the clustering is planned in line with the international best practices of Work, Live, and Play. He stated that the land-use plan of the Lagos Free Zone allocates 70 percent area towards industrial developments, 20 percent towards logistics and support services while the real estate will cover the remaining 10 percent.

He also stated that Lagos Free Zone (LFZ) has simplified the process of business entry and operation in the zone in line with the Federal Government of Nigeria’s Ease of Doing Business policy.

“We have made it very easy for the business to berth and take off at zone by making our process less cumbersome and friendly, we are open for business 24/7 and willing to help investors to settle in very fast,” he said.

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AIICO Refutes Claims of Non-Remittance of Pension Assets to PTAD

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AIICO Insurance Plc has refuted claims of non-remittance of pension assets to the Pension Transitional Arrangement Directorate (PTAD).

This was disclosed recently in a statement by Segun Olalandu, the Head, Strategic Marketing and Communications Department.

It stated: “The attention of the Management of AIICO Insurance Plc. has been drawn to a recent report in the media on allegations of non-remittance of pension assets to the Pension Transitional Arrangement Directorate (PTAD).

“AIICO Insurance Plc. hereby wishes to inform the public that all pension assets due for remittance have been duly transferred to PTAD since the year 2017, in full compliance with the directive. Both parties are presently engaged in a reconciliation exercise to conclude the process. We implore the public to disregard any information that may suggest otherwise as there is no basis to that effect.”

Mr. Segun assured that AIICO Insurance Plc. remains a responsible corporate citizen of Nigeria and will continue to engage the best practice in all its business activities and operations in line with extant laws and regulatory provisions guiding its practice.

AIICO Insurance is a leading composite insurer in Nigeria with a record of serving our customers that dates back over 50 years. Founded in 1963, AIICO provides life and health insurance, general insurance, and investment management services as a means to create and protect wealth for individuals, families, and corporate customers.

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