Qatar Airways to become shareholder of southern African airline

Qatar Airways to become shareholder of southern African airline
Qatar Airways to become shareholder of southern African airline

(Ecofin Agency) – Qatar Airways currently serves nearly 31 airports across Africa. The carrier is seeking to expand its network through a series of partnerships and investments.

Qatar Airways has announced that it is at the “final stage” of acquiring a stake in a southern African airline, the name of which it has not revealed. Details of this investment will be known in the coming weeks according to its CEO, Badr Mohammed Al Meer (photo).

This is part of the Qatari company’s positioning strategy in Africa. “Southern Africa is the final piece of the equation to gain greater scale on a continent that has seen growing travel demand in recent years” he declared at the Qatar Economic Forum in Doha.

Qatar Airways also plans to assert its presence in East Africa. The carrier is seeking to finalize the acquisition of a 49% stake in RwandAir, as well as a 60% stake in a new airport under construction near Kigali.

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