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Egypt clears airlines’ funds backlog, Nigeria to follow suit
Passenger demand to expand by 5.7% yearly –IATA Problems associated with blocked funds in Africa is yet to abate as the International Air Transport Association (IATA) said airlines’ trapped funds in Africa are an increasing problem with carriers as they are unable to repatriate their foreign currency earnings from nine African countries. Before now, Nigeria, Egypt, Angola and Sudan topped countries in the region with $2 billion revenues belonging to the carriers. In June, the…
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