Corporate Affairs
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Kenya airports body sees land at $10bn on revaluation
Kenya Airports Authority (KAA) expects its land holdings to be worth more than one-trillion shillings ($9.9-billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said in an interview in the Kenyan capital, Nairobi. “It will completely change the balance sheet of KAA because we are valued at a completely different rate.”
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Kenya airports body sees land at $10bn on revaluation
Kenya Airports Authority (KAA) expects its land holdings to be worth more than one-trillion shillings ($9.9-billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said in an interview in the Kenyan capital, Nairobi. “It will completely change the balance sheet of KAA because we are valued at a completely different rate.”
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Kenya airports body sees land at $10bn on revaluation
Kenya Airports Authority (KAA) expects its land holdings to be worth more than one-trillion shillings ($9.9-billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said in an interview in the Kenyan capital, Nairobi. “It will completely change the balance sheet of KAA because we are valued at a completely different rate.”
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Nigeria to build seaports to ease gridlock on Lagos’s shore
Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80% of all shipping traffic in Africa’s biggest oil producer. A new facility is already under construction in the Lekki Free Trade Zone in Lagos through a public-private partnership, while another may be built in the Badagry area of the city, near the border with Benin. A third project, the Ibom seaport, is under consideration in the oil-rich Niger delta, Nigerian Ports Authority Managing Director Hadiza Bala Usman said in an interview.
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Nigeria to build seaports to ease gridlock on Lagos’s shore
Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80% of all shipping traffic in Africa’s biggest oil producer. A new facility is already under construction in the Lekki Free Trade Zone in Lagos through a public-private partnership, while another may be built in the Badagry area of the city, near the border with Benin. A third project, the Ibom seaport, is under consideration in the oil-rich Niger delta, Nigerian Ports Authority Managing Director Hadiza Bala Usman said in an interview.
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Nigeria to build seaports to ease gridlock on Lagos’s shore
Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80% of all shipping traffic in Africa’s biggest oil producer. A new facility is already under construction in the Lekki Free Trade Zone in Lagos through a public-private partnership, while another may be built in the Badagry area of the city, near the border with Benin. A third project, the Ibom seaport, is under consideration in the oil-rich Niger delta, Nigerian Ports Authority Managing Director Hadiza Bala Usman said in an interview.
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Nigeria to build seaports to ease gridlock on Lagos’s shore
Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80% of all shipping traffic in Africa’s biggest oil producer. A new facility is already under construction in the Lekki Free Trade Zone in Lagos through a public-private partnership, while another may be built in the Badagry area of the city, near the border with Benin. A third project, the Ibom seaport, is under consideration in the oil-rich Niger delta, Nigerian Ports Authority Managing Director Hadiza Bala Usman said in an interview.
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Max disaster pits Boeing against Ethiopia’s prized carrier
African air disasters always used to lead to the same conclusion – with the airline blamed for poor maintenance, ancient planes or poorly trained pilots, and often a combination of all three. But when an Ethiopian Airlines Boeing 737 crashed near Addis Ababa last month, a curious thing happened: Industry experts immediately began to question the safety not of the carrier, but the plane itself.
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Max disaster pits Boeing against Ethiopia’s prized carrier
African air disasters always used to lead to the same conclusion – with the airline blamed for poor maintenance, ancient planes or poorly trained pilots, and often a combination of all three. But when an Ethiopian Airlines Boeing 737 crashed near Addis Ababa last month, a curious thing happened: Industry experts immediately began to question the safety not of the carrier, but the plane itself.
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Max disaster pits Boeing against Ethiopia’s prized carrier
African air disasters always used to lead to the same conclusion – with the airline blamed for poor maintenance, ancient planes or poorly trained pilots, and often a combination of all three. But when an Ethiopian Airlines Boeing 737 crashed near Addis Ababa last month, a curious thing happened: Industry experts immediately began to question the safety not of the carrier, but the plane itself.