Page 6 - LUA May June 2024 for Website
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COVER STORY
Tracing the ascendancy of
AFRICAN AVIATION
AND AIR CARGO
Africa's aviation and air freight sectors are he African aviation and air cargo industry is
experiencing a remarkable upswing, propelled by undergoing a remarkable renaissance, fueled by
rapid economic growth, urbanisation, and the
the continent's economic expansion, urbanisation Tcontinent's increased integration into global
trends, and increasing global trade links. trade networks. As more Africans embrace air travel and
Projections indicate the African air transport businesses look for efficient logistics solutions, the sector
market will see 5.7% annual growth over the is on track for unprecedented growth, resulting in a new
era of connectivity and opportunity across the continent.
next 20 years, surpassing worldwide averages. According to a projection by the World Bank, African
While challenges like insufficient infrastructure, economies are expected to grow by 3.4 in 2024. While a data
connectivity gaps, and regulatory disparities from the International Air Transport Association (IATA),
the African air transport market is projected to grow by
exist, initiatives to enhance air 5.7% annually over the next two decades, outpacing the
cargo capabilities and catalyse global average growth rate of 4.6%. This growth is fueled by
regional integration are gaining a burgeoning middle class, robust economic development,
and the continent's vast untapped potential.
momentum to harness Africa's The International Air Transport Association
immense prospects, reports (IATA) has recently announced that global
Parijat Sourabh air cargo demand continued its
robust growth for
4 LUA MAY - JUNE 2024
