Sunday, 14 July 2019
The management of Ethiopian Airlines are in talks with the Federal Government of Nigeria towards establishing an international carrier for the country.
This was disclosed on Friday by the Group Chief Executive Officer, Ethiopian Airlines, Tewolde Gebremariam, while speaking with Journalists in Abuja.
Gebremariam who lamnented the non-existence of an indigenous airline in Nigeria fully involved in international operations, noted that this was a big threat to the aviation sector in Africa.
He said, “We have been discussing and exploring possibilities to establish or support a strong airline in Nigeria. I don’t mean that there is no strong airline in Nigeria, but we want an airline that can satisfy the demand of the domestic market, the regional market and international market.
“We are also in talks with Ghanaian government to establish Ghana Airways but the biggest market which is Nigeria has been a challenge to be honest with you. We make sure that when we start something, we start professionally and make sure that it succeeds.
“Nigeria is a very large country but unfortunately, since the demise of Nigeria Airways, we are unfortunate that we don’t have a strong carrier. So, this concern is part of continental concern because in Africa, non-African carriers have the biggest shares. It is around 80-20 ratio. 80 per cent of the traffic between Africa and the rest of the world is carried by non-African carriers.
“The home-grown carriers have only 20 per cent of the market. This is not fair and it used to be 60 per cent some years ago but now it is coming down. We are also threatened because all of us in Africa are only 20 per cent of the market.
“So, in a declining trend, there is a possibility that the market share can be zero. So, they will wipe us out. We have to make sure that we work together with all African countries to ensure that there are strong home- grown indigenous carriers. We have done this with Asky in Togo and we want to do it in Nigeria.”
Published in Business
Sunday, 14 July 2019 09:03

Facebook to be slapped with $5bn fine

Facebook is reportedly set to be slapped with a $5bn (£4bn) fine over data privacy violations.

The social media giant has reached a settlement with the US Federal Trade Commission (FTC), according to Reuters, following a probe into the firm’s use of handling consumer data.

Facebook was under investigation over allegations that it inappropriately shared information belonging to some 87m customers with Cambridge Analytica, a data mining consultancy firm.

The fine, which is the largest ever imposed by the FTC, is in line with what the company had forecasted it would pay in a recent financial update.

hares in the firm, which has come under fire for its data policies in recent years, closed up two per cent on Friday night after reports of the settlement emerged.

In May shareholders at the firm’s annual general meeting voted to allow Mark Zuckerberg to stay on as both chief executive and chairman, despite some investors calling for his removal in the dual role after a troubled year.

The Facebook founder, who has pledged to reinvent the platform’s priorities in the wake of several data rows, owns 60 per cent of the firm’s voting shares.

Published in Telecoms
The death toll in flooding in Nepal has risen to at least 43, while 24 others have gone missing after heavy rains triggered floods and landslides across the country, officials said on Sunday.
Torrential monsoon rains have hit 30 of the country’s 77 districts over the past week, including the capital Kathmandu, triggering landslides and floods.
Police spokesman Ramesh Thapa confirmed that the death toll had risen to 43, with 20 people injured in the disaster.
More than 1,100 people have been rescued in several parts of the country in the last three days, the spokesman added.
Around 27,000 security forces have been deployed in the areas affected by the floods and landslides.
Nepal’s largest river, the Koshi, which flows into the north Indian state of Bihar, had risen above dangerous level, according to the weather forecasting division.
According to dpa news, the monsoon in Nepal, which lasts from July to September, triggers disastrous landslides and flooding every year, killing hundreds of people.
Published in World
Beaten Wimbledon finalist Serena Williams has said she has no plans to give up fighting for equality to focus solely on her tennis.
Williams’s hopes of matching Margaret Court’s all-time record of 24 Grand Slam titles were dashed again on Saturday with a crushing straight sets defeat by Romanian Simona Halep.
Women’s great Billie Jean King said she felt Williams was spreading herself too thin in an interview midway through the tournament.
She urged the American to stop “being a celebrity” for a year and a half.
“She’s got a baby, she’s trying to help gender equity, particularly women of colour. But it makes it much harder,” 12-times Grand Slam champion King said.
“I will like her to put everything else aside, because she’s got people working on those things.
“I wish she will just make a commitment for the next year and a half to two years and say, ‘I’m going to absolutely focus on what’s necessary for my tennis, so when I look in the mirror when I’m older, then I can go back in my mind and know I gave it everything I had’.”
Williams, who has been outspoken in pushing for gender and racial equality, was asked in her post-match media conference whether she should focus more on her tennis than on social issues and being a celebrity.
“The day I stop fighting for equality and for people that look like you and me, will be the day I am in my grave,” the 37-year-old said.
King, herself a celebrated pioneer in gender equality and social justice, later clarified her comments on Twitter.
“I would never ask anyone to stop fighting for equality,” the American 75-year-old wrote.
“In everything she does, Serena shines a light on what all of us must fight for in order to achieve equality for all”, Reuters reported.
Published in World
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