In a bid to improve the aviation sector in Africa, the International Air Transport Association (IATA) and the African development Bank (AfDB) signed an MoU aimed at setting an agenda for effective collaboration.
Highlighting that Africa’s aviation sector recorded 37% of air accidents in the past, the President of African Development Bank, Akinwumi Adesina stressed the importance of the partnership in improving Africa’s aviation sector. The partnership will focus on developing both social and economic fronts in Africa, through building an efficient and safe aviation sector.
Providing about $72.5 billion in economic activity as well as 6.8 million jobs, Africa’s aviation sector is expected to grow at almost 6% per year. The partnership therefore, shows the dedication of key stakeholders in the region to make these forecasts happen. Stating that aviation opens doors for investors, Adesina (Speaking in Abuja, Nigeria) encouraged practical demonstrations of commitment towards the enhancement of Africa’s key economic and social sectors.
