Month: January 2024

Lagos — There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria.

This is despite the release of $61.4m by the Central Bank of Nigeria (CBN) last week as part of efforts to clear outstanding liabilities and bolster the foreign exchange market.

While there’s no updated data on the foreign airlines’ funds trapped in Nigeria, our correspondent reports that the money was $793m as of December 2023. Read More

Ethiopian Skylight Hotel, owned by Ethiopian Airlines, is the most luxurious and the largest hotel in Ethiopia located at the heart of Africa’s diplomatic hub Addis Ababa, just five minutes away from Bole International Airport. With outstanding, international-standard service, the luxurious hotel awaits you for your leisure and business needs. 

A total of 1024 stunning rooms with relaxing and superb designs are suitable for both corporate and leisure travelers. Enjoy spectacular city and/or airport view in all of our rooms. Read More

The global MICE industry market size is anticipated to grow from USD 760 billion to USD 1237.96 billion in 10 years. The market will experience rapid growth due to the increasing infrastructural investments to support the MICE industry during the forecast period.

The Brainy Insights estimates that the USD 760 billion in 2022 global MICE industry market will reach USD 1237.96 billion in 2032. Meetings, Incentives, Conferences, and Exhibitions are what MICE stands for. Within the travel sector, it is a specialized market. The MICE industry is supported by four major components. Every event, such as meetings, conferences, incentives, and exhibitions, brings people from different industries together. The objective is to cultivate alliances, establish connections, encourage innovation, and promote growth. Events connected to business, such as conferences, displays, meetings, and incentives, are planned and executed based on the requirements of the involved parties. MICE is the ultimate business travel, uniting top industry insiders in a tailored, refined setting. MICE events boost the economy and are advantageous to individuals, businesses, and the host towns in addition to themselves. MICE encourage collaboration, education, networking, and the sharing of knowledge. MICE increase productivity by enabling organizers and stakeholders to combine work and leisure successfully. Furthermore, expanding the MICE industry fosters jobs, sustainable regional development, and promoting these locations as popular travel destinations. It increases investment, trade, and foreign exchange production. Read More

Ethiopian Aviation Academy (EAA) is the largest and most modern aviation academy in Africa recognized as ICAO Regional Training Center of Excellence. To train aviation professionals from classrooms to full flight simulator training, EAA offers leading industry standard training for pilots, aircraft technicians, cabin attendants and ground services staff both for initial and recurrent students. The Leadership & Career Development Center is also training thousands in Management and Leadership Skills. Read More