SAATM – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 28 May 2026 10:45:56 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png SAATM – Tech | Business | Economy https://techeconomy.ng 32 32 AfDB Appoints Festus Keyamo to Lead $7bn African Aviation Transformation Programme https://techeconomy.ng/afdb-festus-keyamo-7bn-aviation-programme-africa/ https://techeconomy.ng/afdb-festus-keyamo-7bn-aviation-programme-africa/#respond Thu, 28 May 2026 10:45:56 +0000 https://techeconomy.ng/?p=182301 The African Development Bank (AfDB) has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as the “African Champion” to lead its $7 billion Integrated Aviation Transformation Programme for Africa.

The appointment was announced in a statement issued on Wednesday by Tunde Moshood, Special Adviser on Media and Communications to the minister.

AfDB also confirmed that a Letter of Intent between the bank and Nigeria will be signed during its Annual Meetings in Brazzaville on 28 May 2026.

The programme is designed to enhance Africa’s aviation sector through investment, regulatory alignment and skills development.

AfDB said the selection of Festus Keyamo shows Nigeria’s role in ongoing aviation reforms and its growing influence in regional air transport policy.

In the statement, the bank also set out the funding structure and ambition of the initiative. “This is the Integrated Aviation Transformation Program for Africa (IATP) for which it has earmarked the sum of $7 billion (Seven Billion Dollars),” the statement read in part.

The initiative will draw funding from private investors, institutional capital and concessional sources. AfDB said the aim is to improve connectivity across the continent and make air transport more efficient and competitive.

Africa’s aviation sector is heavily underdeveloped relative to global demand. African airlines account for less than 3% of global air traffic, despite the continent making up close to 18% of the world’s population.

The gap has long been an issue of concern around limited connectivity, high operating costs and weak route integration between countries.

AfDB’s programme focuses on three main areas.

First, it targets the full operationalisation of the Single African Air Transport Market (SAATM), an African Union initiative under Agenda 2063. SAATM is meant to open up African skies, reduce restrictions on air travel between member states and improve regional connectivity.

Second, it aims to strengthen aviation safety oversight and regulatory systems. Many African countries still operate under fragmented safety frameworks, which affect airline performance and investor confidence.

Third, it focuses on developing aviation skills and workforce capacity. The bank said this is necessary to support long-term growth in airline operations, airport management and regulatory institutions across the continent.

Nigeria is one of 34 African countries that have signed up to SAATM. These countries represent more than 80% of Africa’s aviation market.

However, implementation has remained uneven, with slow progress on full liberalisation of air travel between participating states.

AfDB officials said the transformation plan also seeks to improve access to aircraft financing and upgrade airport infrastructure. It is also aligned with efforts to make aviation development more climate-conscious while encouraging private sector participation.

Keyamo’s appointment places Nigeria at the centre of continental discussions on aviation reform. The AfDB said it selected him based on what it described as Nigeria’s policy direction and reform efforts within its aviation sector.

Nigeria has recently pushed changes around airport infrastructure, airline regulation and operational standards, building itself to become a regional hub in West Africa.

The appointment is also expected to strengthen coordination between African states as the AfDB pushes for a more unified aviation market.

Stakeholders have long argued that fragmented air routes and high inter-country travel costs continue to limit trade, tourism and economic integration across the continent.

With the Brazzaville meeting approaching, attention will turn to how quickly member states move from policy commitments to implementation.

The signing of the Letter of Intent is expected to formalise Nigeria’s role in the programme and set out the next phase of engagement between AfDB and participating countries.

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AfCFTA: Leveraging Free Trade Area to Boost Youth Impact in Africa https://techeconomy.ng/afcfta-leveraging-free-trade-area-to-boost-youth-impact-in-africa/ https://techeconomy.ng/afcfta-leveraging-free-trade-area-to-boost-youth-impact-in-africa/#comments Mon, 05 Jun 2023 11:25:31 +0000 https://techeconomy.ng/?p=103725 Writer: OLASUPO ABIDEEN

Recently, the African Institute for Economic Development and Planning (AIEDP) and ambassadors of the African diplomatic corps called for speedy implementation of the African Continental Free Trade Area (AfCFTA) and the Single African Air Transport Market (SAATM).

The Institute underscored the importance of the project as it urged member countries to show more commitment to removing barriers in the implementation of both projects.

Though a huge but achievable milestone, AfCFTA is potentially the world’s largest free trade area bringing together the 55 countries of the African Union (AU) and eight (8) Regional Economic Communities (RECs).

AfCFTA headquarters
AfCFTA Secretariat

The project is set to create a single continental market with a population of about 1.3 billion people and a combined GDP of approximately US$ 3.4 trillion.

It’s particularly surprising that Nigerians especially its youth are not yet basking on the euphoria of a potential reality of the African Continental Free Trade Area despite more African countries ratifying Africa’s flagship project.  Beyond the huge opportunity to accelerate intra-African trade and boost Africa’s trading position in the global market, there is a better prospect of strengthening Africa’s common voice and policy space in global trade negotiations. However, it seems the lack of knowledge or inadequate information dissemination about the AfCFTA is not doing justice to its cause.

Looking at the heterogenous nature of policies and diversity of implementation despite the homogeneity the region shares in various facets of endeavor, it’s worrisome that the region is yet to explore regional value chains and clusters that will create linkages and synergies among different sectors and countries. There is no gainsaying that, with effective collaboration, the region can also promote green and circular economy practices that minimize environmental impacts and optimize resource use.

The opportunity will encourage some level of interoperability in the area of trade, service provisions, and industrialization by leveraging modern-day technology will go a long way in fast-tracking the development of the region at a similar pace.

Beyond these benefits, young people in the region can particularly leverage a potentially expanded market by offering innovative services in the area of Finance technology, digital services, education, Digital health, tourism, entertainment, and e-commerce.  

Africans are upbeat about AfCFTA
Africans are upbeat about AfCFTA

The achievability of this can even be boosted by scaling knowledge-base and timely information on market conditions, trade regulations, standards, procedures, and opportunities in different countries and sectors.

While the benefits of removing trade barriers in the African region are timeless, individual countries like Nigeria first need to address the challenges that may hinder the optimal utilization of the free trade area.

There is no doubt that Nigerians seem to have hacked the business terrain within the country but the same cannot be said about their knowledge and skills to compete in regional and global trade. They also face skills mismatches and gaps that limit their employability and productivity largely due to inadequate access to quality education and training that could equip them with the skills and knowledge required for the AfCFTA stage.

Despite the advantage of exploring a free trade zone, navigating around and outside the region needs adequate financial and infrastructural resources which has remained an Achilles heel with many young people having business ideas without the requisite resources to execute them. Ultimately, the limited influence of young people in the policy-making and implementation processes, especially at national and regional levels may also impact on their participation at the big stage.

While the AfCFTA project is still gathering momentum, Governments at national and subnational levels have the opportunity to adjust to policies that will ensure that this project is indeed a symbiotic relationship. 

Thus, there must be some level of intentionality in creating conducive policies and regulations that will facilitate effective youth participation at the bigger stage.

Also, considering that virtually all sectors are set to benefit from this, there is a need to galvanize key stakeholders in those sectors to ensure proper coordination in charting pathways for the optimum utility of the free trade area in Africa.

This for instance includes the private sector which can in fact provide entrepreneurship and employment opportunities for young people geared towards preparing them for regional and global trade.

In a nutshell, lifting trade barriers will contribute to uniting policies, and regulations which could potentially lead to uniformity in the system of governance in the region. This will increase the unity in the voice of the African region on the global stage. Thus, Civil Society Organisations can use this platform to scale their activities to a continental level by raising awareness and advocating for nations to commit to AfCFTA thereby promoting the rights and interest of the region’s growing youth population. This can be achieved by organizing symposiums and facilitating dialogue and cooperation among youth and other stakeholders.

Ultimately, all hands must be on deck to lay a strong foundation for sustainable and inclusive socio-economic development, gender equality, and structural transformation of member states. Finally, Nigeria specifically must put all mechanisms in place to benefit from the emerging industrial development through diversification and regional value chain development, agricultural development, and food security.

About the writer:

Olasupo Abideen is a good governance, youth investment, and public policy enthusiast. Abideen serves as the Kwara State coordinator of the NotTooYoungToRun movement and Global Director, Brain Builders Youth Development Initiative.

Please send comments and feedback to abideenolasupo@gmail.com. He tweets @opegoogle

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