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Africa Press Releases South Africa

Sabre continues to drive growth in Africa through extended agreement with InterGuide

LAGOS, Nigeria, Feb. 28, 2022 /PRNewswire/ — Sabre Corporation  (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and InterGuide Air Service, a Lagos-based travel company with over 20 years’ experience, have extended their partnership with a long-term agreement that will see InterGuide continue to represent the Sabre brand and distribute technology in West Africa, supporting Sabre’s growth in the region.

Through the extended agreement, InterGuide, an influential local partner with multiple verticals, will continue to operate as Sabre Central and Western Africa and as such will continue to make Sabre’s distribution services, bookable travel products and technology services, including those from Sabre’s partner ecosystem, available to travel agencies, corporations, and travel suppliers in 13 countries across the region.

Sabre logo. (PRNewsFoto/Sabre) (PRNewsFoto/SABRE)

The partnership will help enable Sabre to grow in existing countries, Nigeria, Ghana, Cameroon, Senegal, Liberia and Ivory Coast and to enter new countries including Mali, Togo, Benin, Mauritania, Niger, Gabon and Burkina Faso.

“We’re delighted to extend our relationship with InterGuide during this critical time for the travel industry,” said Salman Syed, vice president EMEA for Sabre Travel Solutions. “The challenges facing the industry today require a concerted collaborative effort between specialist partners. We are excited to leverage our technology expertise and InterGuide’s regional network and strong geographic ties to benefit travel customers, suppliers and agencies in Africa.”

To further support the region, Sabre and InterGuide are investing in the team, adding a new position in to the Airline Commercial team. Bobby Bryan will join as the new Sales and Account Director and will be based in Lagos. His main focus will be on building relationships and signing new airlines across the region into Sabre’s marketplace, to further enrich the content for agency subscribers. In addition to this, InterGuide has added Hamish Broom, former Sales Director, EMEA at Sabre into the leadership team and is adding more team members in the expansion countries.

“In these times of recovery, it is more important than ever that we can offer travel companies in Africa the agile and advanced solutions required to improve operational efficiencies and boost revenue,” said Gabriel Olowo, Chairman of InterGuide Group. “Sabre’s innovative business and technology solutions make them a partner of choice in meeting our requirements and addressing the challenges of today’s environment. Through the partnership we will seek to continue to deliver best-in-class technologies, including AI-driven products to travel agencies across Africa.”

About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform managers more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

About InterGuide Group
InterGuide is a conglomerate of service providers in airlines, hotels and related auxiliary and supplementary services. InterGuide operates in corporate, leisure and online travel, as well as GDS distribution, Airline GSA representation. It also runs an academy and consulting business which researches and produces skilled manpower who will become future industry leaders.

Contact:
Holly Barnett
Holly.barnett@sabre.com
sabrenews@sabre.com

Logo – https://mma.prnewswire.com/media/322180/sabre_logo.jpg

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Business Market

Can African Oil Producers Take Advantage of Increasing Oil Prices?

Russia's invasion of Ukraine, and the sanctions that followed, has pushed the price of oil to over $100 per barrel, the highest level in eight years. But, it's also opened an opportunity for African oil producers like Nigeria, Angola, Libya, and Algeria to cash in with more crude oil exports.

Crude oil prices hit $105 per barrel last week, their highest mark since 2014, and up by 47% since December, amid fears that supplies from Russia may be impacted by its war with Ukraine.

Russia accounts for about 10 percent of the world’s crude oil output, making it the third-biggest producer globally, behind the United States and Saudi Arabia.

But experts say the Ukraine invasion and the sanctions slapped on Russia by Europe and the United States could significantly reduce demand for Russian products and increase the demand for Africa’s.

Isaac Botti is a public finance expert in Abuja.

"For Africa it's a gain, it's an opportunity," Botti said. "It presents that window of opportunity for African countries to see how they can increase their production capacity and meet the need of global demands of crude oil."

Nigeria is Africa's largest producer of oil at about 1.9 million barrels per day, followed by Libya, Angola and Algeria.

That positions those countries to reap windfall profits from rising oil prices. But economic analyst Paul Enyim notes that Nigeria will have to pay on the other end for finished products like gasoline.

"At the end of the day, it's going to hit on our economy," Enyim said. "We may think that we'll gain but remember we don't refine our crude oil."

All of Nigeria’s refineries were shut down in 2020 because of money and maintenance issues and have yet to reopen. The country now depends entirely on imports to meet its fuel needs.

For weeks, Nigeria has been battling to increase its national fuel supply after authorities recalled millions of liters of tainted imported petrol from circulation, causing a major shortage in West Africa's most populous nation.

In contrast, Algeria, which does have refineries, said this week that it would supply Europe with petroleum products if necessary.

Botti said it's a good example for other African nations.

"We need to develop our capacity to produce locally, we need to look at various trade agreements that are existing," Botti said.

As Russia’s war on Ukraine persists, experts say the shifting focus on Africa could be both a blessing and a burden.

Source: Voice of America

Categories
Government Politics

President Museveni of Uganda gets Asian business leadership award

DUBAI (UAE)— President Yoweri Museveni of Uganda has been awarded the Asian Business Leadership Forum (ABLF) Award for exhibiting exemplary principle centred sustainable leadership.

ABLF, in a statement, announced that Museveni will receive his award during a virtual event to be held in the United Arab Emirates (UAE) on March 1.

Finance minister Matia Kasaija and Government Chief Whip Thomas Tayebwa will receive the award on behalf of Museveni from the ABLF royal patron, Sheikh Nahayan Mubarak Al Nahayan, the UAE cabinet member and minister of tolerance and co-existence.

“On behalf of the ABLF royal patron, Sheikh Nahayan Mubarak NV Al Nahayan, cabinet member and minister of tolerance and co-existence, United Arab Emirates (UAE), our board of governors and partners, the UAE Ministry of Economy, and Dubai Cares, it is our honour to welcome your presence to the 16th edition of the ABLF Awards hosted at the Dubai Expo 2020,” the ABLF statement said.

Kasaija and Tayebwa received Very Important Persons (VIP) invitations from the ABLF and they will attend in person as VIPs on behalf of the President, upon confirming their travel to UAE for the event.

The ABLF Awards, a pr emier, integrity-led recognition platform founded in 2007, focuses on acknowledging the intellectual capital of inspirational Asian leaders across the globe. The ABLF Awards Grand ceremony celebrates towering examples of principle-centred sustainable leadership.

The gala will be held in a hybrid format with an in-person audience of around 180 dignitaries and an equally strong online audience of over 30,000 people around Asia, who will tune into the event through the cutting-edge virtual venue in ABLF city, where the award gala will be live-streamed.

ABLF is Asia’s most influential business leadership platform, which brings together global leaders in conversation and collaboration across four powerful formats — ABLF Talks Live, the ABLF Talks, the ABLF Awards, and the ABLF Times – a bi-annual business publication. The awards are organised in conjunction with UAE’s ministry of economy.

The previous winners of the award include; n Kumar Mangalam Birla, the chairman of Aditya Birla Group, an Indian multinational conglomerate company headquartered in Worli, Maharashtra, India.

It operates in 36 countries, with more than 140,000 employees.

Source: NAM NEWS NETWORK

Categories
Health Care

South African Nonprofit Sues Health Ministry for Vaccine Transparency

A South African activist group is suing the government to reveal details of its contracts with COVID-19 vaccine makers. The Health Justice Initiative says transparency is needed to ensure fair pricing and prevent corruption.

How much did South Africa pay for each unit of its COVID-19 vaccines and on what terms?

Those are some of the questions posed by health activists in a lawsuit filed last week against the country’s health department.

Fatima Hassan is the founder and director of the Health Justice Initiative.

“What we are arguing in our papers in the context of South Africa is that in a pandemic, when we had a state of disaster like we’ve had… there needs to be heightened checks and balances, we need to, you know, be able to hold the different decision makers to account,” she said.

She says freedom of information requests filed for the documents have gone unanswered.

Hassan says it’s not just a matter of what South Africa paid for vaccines, but also where the country falls in the context of the world’s response to the pandemic.

She wants to know if any stipulations were made that left some countries paying more or waiting longer for vaccines.

“What are the implications then for over agreements and contracts as almost, you know, every single country in the world has signed and put money on the table. Some people have had, you know, governments have had to borrow money. There's also been a situation of, we believe, of like a case of double standards, where some countries are allowed to totally control the supplies,” she said.

South Africa’s health department spokesman Foster Mohale confirmed to VOA that its legal team is reviewing the court filing and will respond through legal channels.

Mohale said several contracts between the government and COVID-19 service providers have been released publicly. But, he added, contracts that include nondisclosure agreements cannot be released.

Legal experts say the necessity of nondisclosure agreements during the pandemic is hard to justify.

Geo Quinto is the director of the African Procurement Law Unit at South Africa’s Stellenbosch University.

“We know that there’s been nondisclosure agreements signed around the world dealing with the supply contracts — we don't know why… There might be trade secrets contained in some of these contracts that would be detrimental to the business of the supplier, and that could justify the demand that those be kept confidential, but none of those reasons would justify a blanket confidentiality on contracts,” he said.

The Health Justice Initiative says nondisclosure of contracts leaves countries at risk of over-paying.

Fatima Suleman is a professor in the Discipline of Pharmaceutical Sciences at the University of KwaZulu Natal.

“There's the ability for pharmaceutical companies to obscure information and then, you know, start at a much higher price than they need to rather than actually working with governments to ensure maximum access... Pharmaceutical companies are getting stock to those that can pay the highest, they’re obscuring prices, they’re making large profits for their shareholders and themselves. And it's not a public health imperative anymore for these companies, it's an investment opportunity,” she said.

South Africa has faced numerous scandals related to spending for its COVID-19 response.

The country’s special investigation unit implicated a former health minister for allegedly laundering money through fraudulent contracts.

The Health Justice Initiative is now waiting for the government’s response to the lawsuit.

Source: Voice of America