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South African Airways Set To Receive Another Bailout

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South African Airways Set To Receive Another Bailout

South African Airways seems to be well on its way to receiving another bailout after the National Assembly approved a 2018 special appropriation bill, which will allow the national carrier to access a lifeline of almost four hundred million dollars.

The Airline says it needs $1.5 billion to survive, while a little more than half of that amount is needed to cover maturing debt by march next year.

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Majority of opposition parties stand against the bailout and are calling for the sale of the airline. South African airways has been struggling for a number of years and has received several bailouts in the past.

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But Deputy Finance Minister, Mondli Gungubele, says despite the struggles, the airline is on its way to profitability.  This assessment is in sharp contrast to finance minister Tito Mboweni’s recent statement at an investor conference in New York where he described the national carrier as “loss making”.  He said at the conference they were unlikely to sort out the situation and suggested shutting down the airline.

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African News

Prime Minister And Cabinet Members Resign In Burkina Faso

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Prime Minister And Cabinet Members Resign In Burkina Faso

The cabinet of Burkina Faso President, Roch Marc Kabore, has resigned according to a statement released on national television by the country’s president.

Prime Minister Paul Kaba Thieba, a former economist, had held the position since January 2016 when he was nominated by President Roch Marc Christian Kabore. Kabore accepted the resignations and said, a new government is to be form as soon as possible while no explanation was given for there resignation.

The government  is faced growing pressure over a rise in the number of kidnappings and attacks. The country lies in the heart of the vast Sahel region, which is struggling with a bloody Islamist insurgency.

Canadian Edith Blais, 34, and her Italian partner Luca Tacchetto, 30, have been missing since mid-December, and late Wednesday a Canadian geologist kidnapped by suspected jihadists was found dead at a remote gold mine in the northeast.

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Breaking: Court Grants Dino Melaye Bail On Health Ground

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Dino Melaye Granted Bail On Health Condition

Senator Dino Melaye has been granted bail by a High Court in Maitama, Abuja. Justice Yusuf Halilu granted bail to Melaye on health ground. Halilu was of the view that the Senator must be healthy to stand trial.

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The ruling was granted after an application by Melaye’s lawyer, Mike Ozekhome (SAN). The senator is currently being held in a police health facility in Abuja.

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As terms for his bail, the defendant is expected to produce three sureties, one of whom must be the Clerk of the National Assembly.

The judge said the other two sureties must be owners of properties within the Abuja metropolis.

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Ghana: Undercover Reporter Cries Out Over Death Threats

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Ghana: Undercover Reporter Cries Out Over Death Threats

Ghanaian undercover reporter Anas Aremeyaw Anas has said, his team face death threats on a daily basis. He was speaking after his colleague Ahmed Hussein-Suale was shot dead while driving home, after a politician called for retribution against him.

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Reports say Ahmed Hussein-Suale was near his home in Madina Suburb on Wednesday when two men on a motorbike pulled up next to his car and shot him at close range.

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The journalist died instantly after being shot twice in the chest and in the neck.

He was an investigative journalist with tiger eye private investigations, run by Anas. Hussein had exposed Ghana’s soccer corruption that led to the head of the Ghana Football Association resignation.

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