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
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
Ghana’s Tema Oil Refinery restarts after four-year shutdown TOR processes 28,000 bpd, about 62% of capacity Restart aims to cut fuel imports...
Copper prices near $13,000 a tonne on tariff speculation Traders rush shipments to U.S., tightening global inventories Supply...
Central African Republic holds presidential election as Touadéra seeks third term Vote held alongside legislative and local polls, first...
Exports surged 41% to nearly $289 million in 2024, a multi-year high, as the sector now targets the $300 million revenue threshold for...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...