RwandAir expects Qatar Airways to finalise its purchase of a major stake in the central African country's carrier as early as next month, chief executive Yvonne Makolo told the Financial Times.
For the past five years, Qatar and Rwanda have been working on a deal which would give the Gulf nation's airline a 49% stake of RwandAir for an undisclosed sum © Mena Today
RwandAir expects Qatar Airways to finalise its purchase of a major stake in the central African country's carrier as early as next month, chief executive Yvonne Makolo told the Financial Times.
"It's been going on for a while, we have been discussing it for almost five years. So, now, we're really at the tail-end of it," Makolo said.
For the past five years, Qatar and Rwanda have been working on a deal which would give the Gulf nation's airline a 49% stake of RwandAir for an undisclosed sum, the FT report added.
Qatar Airways declined to comment while RwandAir did not immediately respond to a request for comment.
Earlier this year, Qatar Airways CEO Badr Mohammed Al Meer said that Qatar Airways will soon announce an investment in an airline in southern Africa.
Qatar Airways in 2019 took a 60% stake in a new $1.3 billion international airport being built in Rwanda and has code share agreements with several airlines in Africa including RwandAir.
Reporting by Gursimran Mehar
Israel's requirements for the indemnification needed to allow Israeli banks to continue conducting transactions with Palestinian banks have been met by the Palestinian authorities, according to a source familiar with the situation.
German Chancellor Olaf Scholz will host Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, at a baroque palace just north of Berlin on Tuesday for talks aimed at deepening economic and diplomatic ties.
Secretary of State Antony Blinken met Israeli Prime Minister Benjamin Netanyahu on Tuesday in the first big U.S. push for a Middle East ceasefire since Israel killed the leader of Hamas last week - and the last attempt before a presidential election that could upend U.S. policy.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.