Okechukwu Nnodim and Maureen Ihua-MaduenyiThe African Development Bank on Tuesday declared that too many old and inefficient airplanes were flying around the continent. That is just because we have too many old and inefficient planes that are flying. The AfDB boss said, “That is why ease of access via air travel is strongly correlated to economic growth. Today, Africa’s aviation industry adds $73bn to the continent’s annual GDP and employs about seven million people – an average 130,000 people per country in Africa. “Given lower per capita incomes in Africa, high fares essentially tax the poor out of the air!
Source: Punch November 21, 2017 23:15 UTC