Tag: corona virus

Morocco’s RAM to axe routes, may reduce fleet to secure aid

RABAT (Reuters) - Moroccan airline Royal Air Maroc plans to cancel some air links, cut jobs and may sell 20 aircraft to secure state aid it needs to cope with...

Africa lost almost $55 billion in travel and tourism due to pandemic -AU

DAKAR (Reuters) - Africa countries have lost almost $55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union commissioner for infrastructure and...

Here are the steps Nigeria is taking to prepare for more cases of coronavirus

The number of reported cases and deaths of coronavirus is doubling every couple of days. Here are the preparations put in place in Nigeria in the event of more cases being detected in the country.

More pain for ArcelorMittal as steel manufacturer plans another round of job cuts in 2020

Steel manufacturer ArcelorMittal stated that 2019 was the most challenging year operationally, since the financial crisis of 2008/9. The company swung into a headline loss of R3.3 billion from a profit of R986 million in the previous reporting period. They have also closed down its Saldhana Bay operations and retrenched over 1000 people. ArcelorMittal CEO, Kobus Verster spoke to CNBC Africa about the struggling business.