Friday, 18 September 2020
Friday, 18 September 2020 09:11

Mozambique gives guidelines for air travel

The Mozambican civil aviation authorities say only airlines from six countries have agreed to resume operations since the reopening of the country’s airspace this month.

The National Civil Aviation Institute said the airlines were from Portugal, Turkey, Qatar, Ethiopia, Kenya and South Africa.

The institute said countries planning to restart their flights should express interest in the Mozambican diplomatic missions of their respective countries.

The resumption of regular passenger and cargo flights is authorised based on the principal of reciprocity and only two weekly flights are allowed.

International passengers must have proof that they tested negative for Covid-19 in the last 72 hours, according to guidance by the institute issued this week.

The airlines are required to ensure preventive measures are observed including the wearing of masks, social distancing of at least 1.5 metres, and the planes must carry universal precautionary kits.

The airline crew should also undergo state-supervised mandatory quarantine for up to 24 hours.

The planes, passengers and cargo must be disinfected before disembarking, the guidelines say.

Source: BBC

Published in Travel & Tourism

Zimbabwean authorities are in discussions with several international investment banks to support a new stock exchange that will trade exclusively in foreign currency, Finance Minister Mthuli Ncube said.

“The interest has been huge,” Ncube told an analyst briefing. He declined to give further details.

Yvonne Mhango, sub-Saharan Africa economist at Renaissance Capital, told the briefing that uppermost on foreign investors’ minds was the ability to repatriate their capital. “What they want is a functioning stock exchange,” Mhango said.

The global lenders would handle clearing and settlement of trades, thereby guaranteeing investors’ funds, Zimbabwe Stock Exchange Chief Executive Officer Justin Bgoni said at the event. The companies involved in talks are based in Africa, Asia and Europe, he said.

The exchange, to be known as VFEX and based in the resort town of Victoria Falls, will open in “a couple of weeks,” said Bgoni, who will also head the bourse.

 

Source: Bloomberg

 

Published in Bank & Finance
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