Ethiopian Airlines is returning to Durban with daily flights to Addis Ababa, nine years after the African aviation giant suspended the route because of seasonal demand pressures. Ethiopian Airlines will resume daily flights between Durban and Addis Ababa. The new service begins on December 11 using a Boeing 737 MAX. The route was suspended in…
Airtel Money is scaling back the size of its planned London initial public offering, with the African mobile money business now seeking to raise at least $800 million after feedback from potential investors. Airtel Money is targeting at least $800 million from a London IPO. The new target is below its earlier $1.5 billion–$2 billion…
South Africa has opened its first Club Med resort, a more than R2 billion ($122.69 million) development that President Cyril Ramaphosa described as the country’s biggest hospitality investment in nearly five decades. South Africa has opened its first Club Med resort in Tinley Manor, KwaZulu-Natal, marking the country’s largest hospitality investment in nearly 50 years.…
