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Private Sector & Development #24 - Air transport, a vital challenge for Africa
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Air transport in Africa still does not count for much on a global scale. However, strong GDP growth, the continent’s fast-growing urbanisation and the expansion of the middle classes – who want to travel – are likely to shake up this situation.
The African aviation market is about to experience unprecedented growth. The IATA is forecasting an average annual increase of 5.7% in air traffic until 2034. The sector also offers major investment opportunities – estimated at over $160 billion for the acquisition of new aircraft alone.
Useful Information
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Edition
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24
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Page number
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21
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Collection
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Private Sector and Development
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