Aug 16, 2019

Impact of the African Continental Free Trade Agreement on the Future of Air Travel in Africa



The African Continental Free Trade Agreement is a trade agreement which was signed in Kigali, Rwanda by 27 African Union member state. As at July, 2019, 54 countries have signed the agreement. The signing of this treaty is to create the world’s largest single market. 
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The agreement would be the largest trade agreement in history and would bring about economic prosperity of African nations removing barriers to trade, like tariffs and import quotas thereby allowing a flow of goods and services. 


Africa is set to become one of the fastest growing aviation regions in the world. While it is evident that aviation in Africa has the potential to increase economic growth, poor infrastructure and hike in ticket fares is one of the many challenges the African aviation industry. Air travel within Africa is difficult. This trade agreement would assist the aviation industry by driving down airfares in Africa and there are also plans for visa-free travel for Africans across the continent. Some countries have worked towards relaxing visa rules, for example, Ghana, Kenya, Namibia and so on.


Most airlines in Africa have been performing poorly over the years and it has caused a number of these airlines to privatize the industry. Uninformed interference by the government has undermined the success of these airlines. For example, the history of FGN involvement in the aviation industry proves that Nigeria is at a competitive disadvantage. With the African Continental Free Trade, there would be a unified air transport market. The free trade pact offers Africa an opportunity to build a formidable market in the aviation industry in these unsettling economic times.


The question that needs to be answered in this regards are as follows: how would ACFTA improve infrastructure and liberate the aviation industry? What are the any challenges that ACFTA would pose on the aviation industry?


The various questions, issues and challenges of ACFTA  on the future of air travels in Africa  and the way forward would be discussed at the Plenary Session of the NBA Annual General Conference scheduled to hold on;


Date: Tuesday, 27th August 2019

Time:  11.00 – 12.30

Venue: Jasmine, Eko Hotel

Speakers:          

Moderator: Ajibola Dalley

Panelists:  Tarek Badawy

                    Allen Onyema

                    Rene Decurey

                    Captain Boyo                




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