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The 24th World Economic Forum (WEF) on Africa is to be held in Abuja, Nigeria, on 7 – 9 May 2014. Nigeria, sub-Saharan Africa’s second-largest economy and the continent’s most populous nation, with over 160 million inhabitants, is a fitting host for this year’s conference.
Although Africa’s aviation industry, which supported $67 billion (R662.6bn) in economic activity and 57 million jobs, was small by global standards, its potential to grow was “enormous”, with a billion people spread across 20 percent of the earth’s land mass. International Air Transport Association chief executive Tony Tyler said yesterday.He pointed out that hopes for African unity and integration depended on connectivity provided by air transport. Tyler said international passenger demand continued to grow in April, extending the positive trend that had been developing since late last year.
The rise of cities in Africa and their role in economic development is a global phenomenon. Today, over half the world’s population are urban dwellers, generating, in some cases, up to 80% of a country’s national production and income. By 2025 cities will house over 4 billion consumers…