In Africa, less than one in five continental airline routes are direct. Air connections are decided by factors like trade levels, diplomatic relations, and whether there’s enough demand to make a route financially worthwhile. Because there are so few direct connections in Africa, getting from one country to another often requires travelers to fly to Europe or the Middle East and transit there. This increases the costs of travel within Africa, and limits tourism and investment flows.
Africa’s air links are poor: Can the G20 push for more direct flights to improve tourism and trade?
More In Finance
-
Canada has some of the highest interchange fees in the world. Interchange fees are the fees businesses pay each time their customers pay by credit card. The average interchange fee in Canada is about 1.5 per cent of [...]
-
Main Street businesses that survived COVID-19 restrictions are now navigating a pandemic recovery where predicted changes in the retail industry have been accelerated by five to 10 years. The ability to adapt to these changes, coupled [...]
-
The big idea Consumers who see a product on sale being virtually touched are more engaged and willing to pay more than if the item is displayed on its own, according to a recent research paper [...]
-
Entrepreneurs, their associated startups and the subsequent growth of their companies have a vital impact on the health of our economy. In Canada, young adults have demonstrated a growing interest in entrepreneurship. Entrepreneurship has historically been narrowly [...]
-
Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods and services, unemployment and prices. Then there’s a more [...]
