Infrastructure Financing News & Reports Tourism

N10 Bn Rights Issue is Transcorp Hotel’s Confidence Boosting Strategy Post-Covid

Transcorp Hotels, a subsidiary of Transcorp Plc has received regulatory approval to raise N10 billion through rights issue to its shareholders. The hospitality company, which is currently building a new hotel structure in Ikoyi area of Lagos is proposing to issue 2.66 billion ordinary shares of 50 kobo each at N3.76 per share to prequalified …read more →

AVIATION Infrastructure News & Analysis Tourism Transportation

Ibom Airline Increases Fleet With Two New Aircraft, Targets 10 Planes By 2023

In a move to expand its operations and reach Akwa Ibom state-owned airline, Ibom Air has increased its fleet to five with the acquisition of two new aircraft. According to the Chairman of Ibom Air Idongesit Nkanga, the new aircraft would be unveiled later this month. Nkanga, who said the airline has since inception in …read more →

AFRICAReports News & Reports Tourism

How tourism is impacting economic development in Africa

The United Nations World Tourism Organization (UNWTO) has published the latest World Tourism Barometer which covers world tourism rankings. According to the report, international tourist arrivals totalled 1.4 billion (+6 per cent) in 2018, 2 years ahead of expected time according to UNWTO‘s prediction in 2010 that the 1.4 billion mark will be achieved by 2020. Meanwhile, …read more →