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Africa Accounts for 2.3% in International Aviation Traffic in 2014

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In terms of market share, Africa accounted for 2.3% of the international aviation traffic last year, as revealed in the 59th Edition of IATA World Air Transport Statistics.

The International Air Transport Association (IATA) announced industry performance statistics for 2014 showing the growing demand for air transport.

Asia Asia-Pacific has clearly established itself as the industry’s largest market. In 2014 that was demonstrated by several measures:

International traffic to, from and within the Asia-Pacific region represented 42% of total international revenue passenger kilometers (RPKs).

Carriers registered in the Asia-Pacific region carried some 33% of total passengers

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The five busiest international and domestic city-pair air routes were all in the Asia-Pacific region.

The information was reported in the recently released 59th Edition of the World Air Transport Statistics (WATS), the yearbook of the airline industry’s annual performance.

“Commercial aviation is a remarkable engine for economic activity. The growth of connectivity illustrates the point. A billion more people boarded aircraft last year than did a decade ago. Much of that growth has been in the Asia-Pacific region where expanding connectivity has gone hand-in-hand with economic opportunity. The industry’s 2014 performance shows aviation connectivity as a driving force in emerging economies and a critical component in the developed world,” said Tony Tyler, IATA’s Director General and CEO.

In 2014 airlines operated some100,000 flights per day and transported 51.3 million tonnes of cargo, equivalent to around 35% of the total value of all goods traded internationally.

Highlights of the 2014 airline industry performance:

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Passenger

System-wide, airlines carried 3.3 billion passengers on scheduled services, an increase of 5.8% over 2013.

Airlines in the Asia-Pacific region once again carried the largest number of passengers. The regional ranking (based on total passengers carried on scheduled services by airlines registered in that region) is:

Asia-Pacific 33.3% market share (1.1 billion passengers, an increase of 8% compared to the region’s passengers in 2013)

Europe 26.3% market share (873.4 million passengers, up 5.6% over 2013); North America 25.3% market share (841.8 million, up 2.6% over 2013); Latin America and the Caribbean 7.7% market share (255.9 million, up 7.0%); Middle East 5.2% market share (173.0 million, an increase of 10.0%); Africa 2.3% market share (76.7 million, up 2.4% over 2013).

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The top five airlines ranked by total scheduled passengers carried (domestic and international) were:

Delta Air Lines (129.4 million); Southwest Airlines (129.1 million); China Southern Airlines (100.7 million); United Airlines (90.4 million)

American Airlines (87.8 million) (note: does not include results of US Airways (54.4 million), which operated as a separate country in 2014)

The top five international/regional passenger airport-pairs were all within the Asia-Pacific region:

Hong Kong-Taipei (5.1 million, up 4% from 2013); Jakarta-Singapore (3.5 million, up 1.4%)

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Hong Kong-Singapore (2.8 million, increase of 7.8%); Hong Kong-Shanghai (2.7 million, up 5.9%); Hong Kong-Seoul (2.5 million, an increase of 25.8% from 2013)

The top five domestic passenger airport-pairs were also all in the Asia-Pacific region:

Jeju Seoul (10.5 million, up 10.9% over 2013); Fukuoka-Tokyo (8.3 million, up 11.7%); Sapporo-Tokyo (7.8 million, a decrease of 4.0% from 2013); Melbourne-Sydney (7.0 million, down 5.2%); Beijing-Shanghai (5.8 million, down 1.1% from 2013).

Cargo

Globally, cargo markets showed a 5.8% expansion in freight tonne kilometers (FTKs). This outstripped a capacity increase of 5.0% lifting load factors to 48%.

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The top five airlines ranked by total freight tonnes carried on scheduled services were:

Federal Express (7.1 million); UPS Airlines (4.2 million); Emirates (2.3 million); Korean Air (1.5 million); Cathay Pacific Airways (1.5 million)

Airline Alliances

Star Alliance maintained its position as the largest airline alliance in 2014 with 23.7% of total scheduled traffic (in RPK), followed by SkyTeam (20.5%) and oneworld (18.3%).

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NIHSA Warns States of Possible Flood within Seven Days

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Nigeria Hydrological Service Agency (NIHSA) has warned of possible floods in parts of Adamawa, Bauchi, Edo, Imo, Enugu, Akwa Ibom, Cross River, Kaduna, Plateau, Niger, Benue, and Borno states within the next seven days.

NIHSA Warns States of Possible Flood within Seven Days

According to information posted on NIHSA X handle, the Agency announced medium flood advisory in force for the next 7 days across Adamawa, Bauchi, and 11 other States.

“Localised inundation is forecast along the main channel; named communities below sit on the projected footprint. Stations: Saminara on the Karam river, Waya Dam Site on the Waya river, Amber on the Amber river.

“Adamawa; Lemsa, Lamurde, Numan Exposure: 147 comm. 49 schis 40 hith 6 mkts17 relig. Bauchi-Bauchi, Ningi, Shira. Exposure: 4 comm. Kaduna; Chikun, Giwa, Igabi, Jaba, Jema’a, Kachia, Kaura, Kauru, +6 more. Exposure: 1 comm.

“Borno-Gubio, Mobbar. Exposure: 680 comm. 8 schls 6 hith 5 mkts 21 relig. Edo-Akoko-Ed, EtsakoEa, EtsakoWe, Ikpoba-Okha, Orhionmw, OviaNort, OviaSo.. Exposure: 3 comm.

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“Imo-Aboh-Mba, Oguta, Ohaji/Eg, Okigwe, Owerri North, Owerri West. Exposure: 3 comm. 7 more states affected and severity LGAs”.

NIHSA advised people in the affected areas to “do NOT cross flooded roads, bridges, or fast-moving water on foot or by vehicle.

“Clear drainage channels and river-mouth blockages; avoid building or living in the floodplain and move people, livestock and valuables from the floodplain to pre-identified higher ground,” NIHSA stated.

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First Trustees Advocates Estate Planning as an Essential Tool in Every Wealth Creation Strategy

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First Trustees Limited, a subsidiary of FirstHoldCo Plc., and a leading provider of fiduciary and trusteeship services in Nigeria, is encouraging individuals, professionals, entrepreneurs, and investors to view Estate Planning not as an end-of-life exercise, but as a strategic investment tool for protecting, preserving, and transferring wealth across generations.

As more Nigerians focus on wealth creation through businesses, real estate investments, and other income-generating assets, experts are emphasizing that building wealth is only one part of the equation.

Equally important is creating structures that ensure those assets remain protected, properly managed, and seamlessly transferred to succeeding generations in accordance with the asset owner’s wishes. Importantly, Estate Planning is not solely for the wealthy, it is a prudent step for anyone with assets, dependants, or a business to protect, regardless of age, profession, or net worth.

Speaking on the importance of Estate Planning, Ereifemi Akeredolu, Managing Director/CEO, First Trustees Limited, noted that Estate Planning should be considered a core pillar of every long-term financial strategy.

“Many people focus on creating wealth but give litle thought to preserving it. Estate Planning is a wealth protection strategy that helps individuals safeguard their assets, secure their family’s future, and ensure that the value they build today continues to benefit future generations.”

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Using tools such as Trusts, Wills, and advanced succession plans, individuals can build structures that support wealth preservation, business continuity, asset protection, and intergenerational wealth transfer.

For entrepreneurs and business owners, Estate Planning serves as a powerful tool for ensuring business sustainability, helping organizations remain stable and operational regardless of unforeseen circumstances.

First Trustees continues to emphasize and educate on the importance of Estate Planning as a comprehensive strategy for proactive planning. It remains one of the most important financial decisions an individual can make: it provides clarity, minimizes uncertainty, and protects assets from unnecessary erosion and disputes. It also creates financial security for loved ones, supports business succession and continuity, and facilitates long-term investment and legacy planning.

 

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Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

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Nearpays, Nigerian fintech, has won the AI for Good Innovation Factory grand finale — the first African startup ever to take the global title in the competition, which runs as part of the United Nations’ AI for Good Global Summit.

Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

The competition drew more than 500 startups worldwide, each pitching AI solutions aimed at social and economic challenges.

The summit itself is organised by the UN through the International Telecommunication Union (ITU) in partnership with several UN agencies, convening governments, researchers, startups, and technology companies around AI’s role in development.

Nearpays’ route to the title ran through Johannesburg, where it won the African regional competition, before advancing to the global finals in Geneva.

There, the company progressed through the semi-finals and claimed the grand finale — a first for the continent.

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The company describes the win as bigger than a corporate milestone, calling it a victory for African innovation and proof that technology built to solve local problems can compete, and win, on the world stage.

Nearpays was founded to close a stubborn gap in African payments: small and medium-sized businesses that can’t afford or access traditional point-of-sale terminals.

Cost, availability, and deployment hurdles have kept many merchants — particularly in rural and underserved communities — locked out of digital payments.

Its answer is SoftPOS: an AI-powered platform that turns compatible Android smartphones into payment acceptance devices, letting merchants take contactless card payments with nothing more than their phones. AI is embedded across the platform, supporting payment processing, compliance, fraud detection, and business operations.

Crucially, the platform was built for African infrastructure realities — it works both online and offline, so merchants can keep accepting payments even without internet connectivity.

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The company credited its team’s years of product development and customer engagement for the result, and thanked the UN, the ITU, and the AI for Good initiative for building a platform where innovators can apply AI to real-world problems.

It also said it hopes the win encourages more African founders to build technology that answers local needs while competing internationally.

For Nearpays, the title closes one chapter and opens another, as the company pushes on with expanding digital financial infrastructure across Afric

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