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Access Bank Customers to Enjoy 12% Off on Qatar Airways Flights in New Partnership

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Access Bank customers are set to benefit from a new partnership between the bank and Qatar Airways, offering exclusive discounts on flights across Africa.

The collaboration aims to enhance travel accessibility and affordability for customers during the upcoming travel season.

Starting from February 14 until March 31, 2024, Access Bank customers using their USD debit cards to book flights online through Qatar Airways’ website will receive a 12% discount on both business and economy class tickets.

Hendrik du Preez, Qatar Airways’ Vice President for Africa, emphasized the airline’s commitment to broadening travel opportunities in the African market.

He highlighted the significance of partnerships like these in transforming travel experiences and addressing the continent’s underserved travel market.

Expressing enthusiasm about the collaboration, Access Bank’s Executive Director for Corporate and Investment Banking, Iyabo Soji-Okusanya, underscored the bank’s dedication to enhancing customer experiences.

She emphasized the alignment of the partnership with Access Bank’s commitment to providing exceptional services to its customers.

The initiative comes as a response to the challenges posed by financial barriers to air travel, exacerbated by recent economic fluctuations.

With the depreciation of the naira against the dollar affecting airfares, the partnership aims to alleviate financial constraints and make travel more accessible and enjoyable for customers.

As part of efforts to address high airfares charged by foreign airlines, the Nigeria Civil Aviation Authority has established a committee to investigate and provide solutions to the issue, reflecting the broader efforts within the industry to enhance travel experiences for passengers.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Safety Concerns: UK CAA Reports Air Peace to Nigerian Aviation Authority

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The United Kingdom Civil Aviation Authority (UK CAA) has raised concerns over alleged safety violations by Nigerian carrier Air Peace.

This revelation comes merely three months after Air Peace commenced its Lagos-London route.

According to reports, the UK CAA forwarded two mandatory occurrence reports to Nigeria’s Civil Aviation Authority (NCAA), highlighting alleged breaches of aviation safety regulations by Air Peace.

These reports, titled ‘United Kingdom SAFA Ramp Inspection Report’ and ‘NATS Management System Safety Report,’ highlighted specific operational irregularities observed by UK aviation inspectors.

The crux of the issue revolves around the operational approval of Electronic Flight Bag (EFB) functions and it is critical for ensuring the safe operation of aircraft.

The UK CAA purportedly flagged the absence of a mounting device for EFB, charging points, or backup battery, raising concerns about navigational practices onboard Air Peace flights.

In response to the UK CAA’s communication, the NCAA swiftly initiated correspondence with Air Peace, seeking clarification on the reported safety lapses.

The letter, signed by the NCAA General Manager of Operations, Capt. O.O. Lawani, underscored the urgency of addressing the alleged infractions to uphold aviation safety standards.

Air Peace, which recently expanded its operations to London Gatwick from the Murtala Muhammed International Airport in Lagos, operates under the Bilateral Air Services Agreement between Nigeria and the UK.

The airline’s foray into international routes had been hailed as a significant milestone in Nigeria’s aviation industry, promising enhanced connectivity and convenience for travelers.

However, the safety concerns raised by the UK CAA cast a shadow over Air Peace’s international operations, prompting calls for swift remedial action and heightened regulatory oversight.

As stakeholders await Air Peace’s response to the allegations, questions loom over the potential impact on the airline’s reputation and operational integrity.

Efforts to reach Air Peace’s spokesperson, Stanley Olisa, for comment were unsuccessful at the time of reporting.

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Aliko Dangote Calls for Visa Reforms Across Africa to Boost Investment

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Aliko Dangote, the President of Dangote Group and Africa’s wealthiest individual, has embarked on a campaign for reforms in visa policies across the continent.

His impassioned plea comes as he addresses the pressing obstacles these policies pose to investors and business leaders looking to navigate the African landscape.

Speaking at the Africa CEO Forum Annual Summit in Kigali, Dangote shared his personal frustrations while expressing unwavering optimism for Africa’s future.

He took the opportunity to shed light on the challenges he has encountered due to restrictive and inconsistent visa policies that hinder intra-African travel and investment.

“As an investor, as somebody who already wants to make Africa great, I have to now apply for 35 different visas on my passport and I really don’t have time to go and drop my passport in embassies to get a visa. But you see, the most annoying thing is that if you are treating everybody the same, then I can understand but I can assure you, some people don’t need 35 visas,” lamented Dangote.

Highlighting the urgency of the matter, Dangote revealed that even Nigeria’s influential political figures are voicing their dissatisfaction with the current state of affairs.

He disclosed that President Bola Tinubu has expressed similar concerns and is committed to initiating reforms to streamline visa processes into Nigeria.

“On Monday, there was a cabinet meeting, President Tinubu was not happy about this same visa issue and I can assure you that in the next couple of weeks, you will see a massive reform in terms of visas going into Nigeria,” assured Dangote.

Dangote’s clarion call for visa reforms resonates with growing sentiments across the continent as African countries recognize the imperative of fostering a conducive environment for investment and economic growth.

Restrictive visa policies not only deter potential investors but also impede the free movement of talent and resources vital for Africa’s development agenda.

Expressing his unwavering commitment to Africa’s potential, Dangote said, “I am very excited because the growth going forward in the future is Africa. We have whatever it takes to make Africa great and that is why I am not only putting in my own money, I am putting my soul and life in Africa to make it great.”

Dangote likened Africa to a scratch card, symbolizing its untapped potential. “Nothing is impossible in Africa, it is like a scratch card. Unless you scratch it, you won’t know what number it is or be able to use it,” he remarked, underscoring the need for concerted efforts to unlock Africa’s vast opportunities.

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British Airways Owner IAG Prepares for Summer Surge Amid High Travel Demand

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As the world gradually emerges from the grip of the pandemic, the travel industry is witnessing a resurgence in demand with British Airways owner IAG SA gearing up for a busy summer season.

Despite lingering challenges, the airline conglomerate remains optimistic about the outlook, citing strong demand for travel within Europe and across the Atlantic.

In a recent stock exchange filing, IAG disclosed an adjusted operating profit of €68 million ($73.3 million) for the three months ending March.

According to Chief Executive Officer Luis Gallego, the group’s core markets, including the North Atlantic, South Atlantic, and intra-Europe routes, have shown robust performance, positioning them well for the upcoming peak travel period.

With vaccination rates increasing and travel restrictions easing in many parts of the world, consumers are eager to resume travel plans, fueling the surge in demand.

However, the road ahead is not without its challenges. While travel within Europe and across the Atlantic remains strong, other regions present a more complex operating environment.

The ongoing conflict in the Middle East has dampened demand for certain destinations, while airspace restrictions resulting from geopolitical tensions, such as the Russian invasion of Ukraine, have disrupted flight routes to East Asia.

Despite these hurdles, IAG remains resilient, banking on the strength of its core markets and the performance of its brands to weather the storm.

The company’s strategic positioning and proactive measures to adapt to changing circumstances have positioned it to capitalize on the rebound in travel demand.

As the summer season approaches, IAG is focused on ensuring operational readiness to meet the surge in passenger numbers.

With travelers eager to reconnect with loved ones, explore new destinations, and embark on long-awaited vacations, the airline group stands ready to facilitate safe and seamless travel experiences.

As vaccination campaigns progress and travel sentiment rebounds, IAG’s proactive approach and strategic investments position it as a key player in the aviation industry’s recovery journey. With optimism on the horizon, the company remains committed to delivering exceptional service and fostering a seamless travel experience for passengers worldwide.

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