The Ivorian ministry of transport revealed in a press released on September 18 that the transport sector has lost a total of CFA111 billion ($200 million) due to the coronavirus pandemic.
“Initiated since June 2020, this study has focused on operating losses including turnover, fixed costs, and incompressible fixed costs as well as mandatory salaries to be financed,” explains the Ministry.
Passenger transport is the most affected segment with an estimated CFA84.5 billion in losses, including CFA38.5 billion for urban transport and CFA46 billion for interurban transport. The transport of goods, for its part, accumulated a loss of CFA26.4 billion.
According to Ahmed Diomandé, the Minister's Chief of Staff, these results are key indicators to better plan the implementation of the response to the pandemic and facilitate the search for funding for a better recovery of the sector.
On March 29, the government decided to isolate the economic capital, which remains the epicenter of Covid-19 in the country, from other cities. From that date until July 15, when this measure was lifted, intercity transport companies remained closed. This makes more than three months of inactivity
Romuald Ngueyap
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
Sahel states sign cross-border radio frequency deal to reduce signal interference Agreement boosts digital cooperation, includes plans for joint...
Ethiopian Airlines orders six more Airbus A350-900s to expand long-haul fleet New jets support Vision 2035 goal of 250+ aircraft and lower...
Air Côte d'Ivoire orders four Embraer E175s, eyes regional fleet upgrade New jets to boost efficiency, support Abidjan's hub ambitions...
Burkina Faso suspends 2025-2026 shea-nut exports to aid local processors Authorities cite raw material shortages, smuggling to neighboring countries ...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...