General News
July Air Freight Markets Rise Strongly
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The International Air Transport Association (IATA) released data for global air freight markets showing a strong increase in air cargo in July. Compared to July 2013, freight tonne kilometers (FTKs) rose 5.8%.
This is an acceleration in growth from June when cargo demand grew at less than half that rate (2.4%).
The strong growth mirrors positive developments in some key regional economies.
After a slowdown at the start of the year, global business confidence and trade are showing signs of improvement again, especially in Asia-Pacific.
Global air cargo volumes have now surpassed their previous July peak, in 2010, and look set to continue to increase.
European air freight, however, grew just 1.8%.
This reflects the effects of the Russia-Ukraine crisis (including the impact of mounting economic sanctions), which is adding to economic weakness in the Eurozone.
“Overall, July saw growth accelerate. That’s good news and it reflects the continued strengthening of business confidence at a global level. But the air cargo industry is moving at two speeds with a sharp divide in regional performance. European carriers reported anemic growth of just 1.8% while all other regions reported solid gains of 5% or more on the previous year. In particular, the 7.1% growth reported by airlines in Asia-Pacific is encouraging as it demonstrates a recovery in trade and a positive response to China’s economic stimulus measures,” said Tony Tyler, IATA’s Director General and CEO.
Regional Analysis in Detail
Asia-Pacific airlines showed their strongest rise in air cargo volumes since the start of 2013, increasing 7.1% compared to a year ago.
The fortunes of the region’s carriers are tied to the strength of major economies such as China, Japan and South Korea, which are expanding again after a slowdown at the start of the year. Capacity grew 4.0%.
European carriers saw little improvement in cargo demand, expanding FTKs just 1.8% compared to a year ago.
The weakness of major economies such as France and Italy, along with the effect of EU sanctions on Russia, has dampened demand. Capacity expanded 4.4%.
North American airlines grew their FTKs by 5.2%. After weakness in the first quarter, trade volumes have rebounded and business growth trends look positive for the months ahead. Capacity fell 1.3%.
Middle Eastern freight markets expanded 9.4%. This strong performance came despite the impact of Ramadan. Airlines in the region are capturing growth opportunities by opening routes to fast-developing economies such as Mexico and Uganda. Capacity rose 7.8%.
Latin American carriers grew FTKs by 7.6% year-on-year. This encouraging performance could be the start of a pick-up in activity following months of weakness, particularly in Brazil. Capacity contracted 0.6%.
African carriers’ FTKs grew 11.3%.
However, African freight volumes remain highly volatile, and given the slowdown in South Africa this year, it is too early to say that prolonged growth acceleration is underway. Capacity grew 4.5%.
General News
Ghana Shines as Host of QNET’s Groundbreaking V-Africa 2025 Event
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Ghana took center stage as the host of QNET’s highly anticipated V-Africa 2025, a regional edition of the company’s flagship convention.
From February 20 to 23, 2025, the Accra International Conference Centre welcomed over 4000 participants from across the Sub-Saharan Africa region to experience four days of empowerment, networking, and innovation.
The convention spotlighted QNET’s exclusive product offerings, which provide immersive entrepreneurship training and contribute significantly to Ghana’s tourism and economic growth. V-Africa 2025 showcased Ghana as a hub for entrepreneurial excellence.
Trevor Kuna, Chief Marketing Officer for QNET, expressed his enthusiasm: “Hosting V-Africa 2025 in Ghana is a testament to our commitment to supporting entrepreneurs in Africa.
This event isn’t just about showcasing our brand—it’s about empowering individuals to achieve their dreams while contributing meaningfully to local economies. We look forward to welcoming media representatives to witness QNET’s transformative impact firsthand.”
Empowering Entrepreneurs, Celebrating Culture
The itinerary for V-Africa 2025 included product workshops, dynamic training sessions on business building and entrepreneurship, and an exhibition featuring QNET’s signature product brands, such as HomePure range of home care products, Amezcua’s wellness range, Swiss watch brand Bernhard H. Mayer’s new Collection, and more.
Attendees gained invaluable insights into QNET’s ethos of wellness, sustainability, and entrepreneurship, setting the stage for lasting business growth.
Biram Fall, QNET’s Regional General Manager for sub-Saharan Africa, elaborated on the event’s local significance: “V-Africa 2025 will leave a lasting legacy by empowering Ghanaian entrepreneurs and supporting Ghana’s tourism industry.
“This is more than a business convention—it’s a platform for connection, growth, and transformation.”
Driving Tourism and Economic Growth
As one of the largest events of its kind in Ghana, V-Africa 2025 attracted participants from 25 countries, providing a boost to the local hospitality, transportation, and tourism sectors.
QNET’s commitment to Ghana includes partnering with local stakeholders to ensure the event delivers long-term benefits to the community.
General News
FlashChange CEO Seeks Regulatory Clarity in the Blockchain and Cryptocurrency Industry
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FlashChange, a forward-thinking financial service company that is redefining how digital assets are traded and managed has recently participated at the Lagos Tech Fest, a two-day event that brought together key stakeholders, industry leaders, and tech enthusiasts to discuss the future of technology in Africa.
The CEO of FlashChange, Bidemi Oke made a strong argument for more transparent regulations in the blockchain and cryptocurrency industry at the event, where he stressed the necessity of structured legislation to promote innovation, safeguard investors, and propel economic progress.
Speaking during a panel discussion alongside other panelists on Crypto in Nigeria: Fintech Integration, Real-World Applications and Opportunities, Oke emphasised the difficulties companies encounter because of legislative ambiguity. He urged legislators to work with industry players to create rules that promote responsible expansion while guarding against abuse.
“The potential for blockchain and cryptocurrencies to transform finance and promote financial inclusion throughout Africa is enormous. However, companies and investors continue to have doubts about the industry’s future in the absence of clear regulations. We must develop a framework that strikes a balance between innovation and consumer protection,” Oke remarked.
As one of Nigeria’s top cryptocurrency exchange platforms, FlashChange, has been leading the charge to encourage secure and effective digital asset transactions. While maintaining adherence to international standards, the business keeps pushing for laws that encourage the expansion of the sector.
The Lagos Tech Fest provided a forum for thought-provoking conversations about how technology, finance, and regulation interact in Nigeria. Many industry participants who agreed that a methodical and forward-thinking approach to blockchain governance was necessary found resonance in Oke’s support for regulatory clarification.
General News
Visa Enhances Digital Wallet Experience with Tap to Add Card in CEMEA
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Visa has announced the launch of its new Tap to Add Card feature in Central Europe, the Middle East, and Africa, marking a significant advancement in digital wallet provisioning.
This innovative technology allows cardholders to add their Visa contactless cards to digital wallets with a simple tap on their mobile device, addressing the growing need for secure and streamlined digital payment solutions.
Tap to Add Card enhances security and convenience by eliminating the manual entry process, which is prone to errors and vulnerable to fraud.
The tap generates a unique, one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods.
“We are excited to bring the enhanced security and simplicity of Tap to Add Card to West Africa,” said Andrew Uaboi, Vice President and Head, Visa West Africa. “The solution provides cardholders with greater peace of mind when adding a card to a digital wallet, knowing their information is protected by advanced security measures.
“We believe that Tap to Add Card will be instrumental in driving further adoption of digital wallets in West Africa by addressing key security concerns and simplifying the user experience.”
Global Momentum and Regional Impact
The Tap to Add Card feature has quickly gained traction worldwide since its introduction last September by Visa, as part of its suite of new services aimed at enhancing digital payment experiences.
Benefits for the Ecosystem
Tap to Add Card is designed to benefit all stakeholders in the payments ecosystem. Cardholders can enjoy a faster, more convenient, and more secure way to add cards to their digital wallets, encouraging greater adoption of digital payments. For issuers, Tap to Add Card can help reduce the risk and associated costs of provisioning fraud, simplify the add-to-wallet process, leading to fewer customer service inquiries, and improve transaction approval rates.
Similarly, for digital wallets, Tap to Add Card follows Visa security standards, reducing the risk of card compromise and promising a potentially higher token provisioning rate due to fewer card entry errors, while also presenting the opportunity to introduce new customer experiences.
The technology is supported by digital wallets globally, ensuring seamless integration with existing digital wallet experiences.
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