General News
Turkish Airlines Reached Highest Load Factor with 80.5% LF.

Turkish Airlines, the flag carrier of Turkey has announced its traffic results for March 2018. Its Total Load Factor improved by 6 points, with an increase of 13% in capacity. Its international Load Factor increased by approximately 6 points to 81.7% and domestic Load Factor to 84% in March.
Upon the double-digit passenger increases in January and February, total number of passengers carried went up by 24% reaching 6 million passengers, in March. This passenger increase enabled the highest load factor in March in the last five years with 82% load factor. Double digit growth in demand (revenue per kilometer) that commenced in July 2017, kept on with 22% demand growth in March 2018.
Excluding international-to-international transfer passengers (transit passengers), number of international passengers went up by 28%. This has been an important indicator of the continued growing interest in Turkey.
In March, cargo/mail volume increased by 29%, compared to March 2017. Main contributors to the growth in cargo/mail volume, are N. America with 49% increase, Middle East with 42% increase, Africa with %38 increase and Europe with 32% increase.
In March, Load Factor increased for all regions. N. America, C.&S. America, Africa, Europe showed visible load factor growth among other regions with 12 points, 10 points, 10 points and 5 points increase, respectively.
While traffic results between January-March 2018 showed an increase in demand and total number of passengers was 25% and 29%, respectively, over the same period of last year. Total number of passengers reached to 17 million.
During the first quarter, total Load Factor improved by 6.5 points up to 80.5%, recording the highest load factor in Turkish Airlines history for the first quarter.
While international Load Factor increased by 7 points up to 80%, domestic load factor went up by approximately 4 points to 85%.
Thus, Turkish Airlines reached the highest international load factor in the last five years and record high domestic load factor in its history. Cargo/mail carried increased by 38% and reached 312 thousand tons, thanks to strong pick up in cargo/mail volume in March of 2018.
General News
Enugu Air Commences Operations Today

Enugu State-owned commercial airline, Enugu Air, is set to officially launch its operations today Monday, July 7, 2025. The launch ceremony will take place at the Akanu Ibiam International Airport, with the Minister of Aviation and Aerospace Development, Festus Keyamo, expected to attend alongside other dignitaries, according to a statement from the airline.
Dr Obi Ozor, Commissioner for Transportation, Enugu State, said Enugu Air is a key component of Governor Peter Mbah’s vision for a modern, integrated transportation system, aimed at positioning Enugu as a major aviation hub in Nigeria.
The airline will begin operations with a fleet of three Embraer jets, from the E170 and E190 series, chosen for their performance, passenger comfort, and suitability for regional routes.
The airline’s inaugural routes will form a strategic triangular operation connecting Enugu, Abuja, and Lagos, with plans to expand services to Port Harcourt, Owerri, Benin, Kano, and other key cities across Nigeria and beyond.
Ozor said, “With a strong foundation built on innovation and sustainability, Enugu Air is poised to transform regional air travel, boost state pride, and raise Enugu’s profile nationally and globally.”
The launch of Enugu Air is expected to have a significant impact on the aviation industry in Nigeria, providing more options for air travel and promoting economic development in the region.
With its modern fleet and strategic routes, Enugu Air is set to revolutionize air travel in Nigeria and establish Enugu as a major player in the country’s aviation sector.
General News
Cybervergent Selected as World Economic Forum’s 2025 Technology Pioneer Company

In affirmation of its global standing, Cybervergent, a Pan-African technology company that leverages artificial intelligence to transform how organisations manage risk, governance, privacy, and cybersecurity, has been selected as one of the World Economic Forum’s (WEF) Technology Pioneers for 2025—a global cohort spotlighting companies transforming industries through breakthrough technologies and responsible innovation.
The WEF, an international organisation committed to improving the state of the world through public-private collaboration, brings together global leaders to shape economic, technological, and societal agendas. Cybervergent now joins this global community.
The company is recognized for its innovative approach to building digital trust, reimagining how organisations manage cybersecurity, risk, privacy and governance.
Commenting on the company’s milestone, Adetokunbo Omotosho, CEO of Cybervergent, said, “I am honoured that Cybervergent has been named a Technology Pioneer by the World Economic Forum. This is more than an accolade — it’s a validation of our commitment to redefining cybersecurity, privacy, and risk management to build true digital trust.
“What makes this recognition even more meaningful is the fact that Cybervergent demonstrates innovation in AI and infrastructure can emerge from any region, challenging conventional perceptions.”
Some past recipients of the Technology Pioneer recognition, including Google, Spotify, and Airbnb have gone on to fundamentally reshape global industries.
As a member of the 2025 Technology Pioneers community, Cybervergent will be contributing to discussions shaping cybersecurity, AI, and cyber resilience across industries and the global digital economy.
General News
Moove Plans to Raise $1.2Bn Debt Round for US Autonomous Vehicle Expansion

Moove, an African mobility fintech startup, is on a quest to secure a $1.2 billion debt financing round to support the rollout of a fleet of autonomous vehicles.
This is in partnership with Alphabet Inc.’s Waymo in the United States, according to a Bloomberg report citing sources familiar with the matter.
The startup has since attracted backing, including from Uber Technologies Inc., and entered a strategic partnership with Waymo in December 2024 to provide financing for self-driving cars.
Ladi Delano, co-founder of Moove, noted that the company has a solid financial track record.
“Moove has built strong relationships with some of the world’s leading lenders. We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment,” he said.
The round is reportedly oversubscribed, with strong participation from private credit firms and banks.
Waymo has also not made any official statement regarding the funding round. While final details are expected to be concluded in the coming weeks, the deal will mark a significant milestone for the firm as it ramps up its global ambitions.
Founded in 2020 by Nigerian entrepreneurs, Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing for ride-hailing drivers in Africa’s largest cities.
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