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Transporting corpses generates $67,137 for Uganda Airlines

Published

1 year ago

July 11, 2023

It appears all isn’t lost even in death as Uganda Airlines has found ways to make a fortune from the transportation of dead bodies.

An official of the airline has revealed that the company earned $67,137 from moving dead bodies of mainly Ugandans back home since its resumption of flights about two years ago.

According to Morris Ongwech, cargo manager for Uganda Airlines, the company packs bodies inside a specialized casket that weighs an average of 130 to 180 kilograms. Each kilogramme costs $8 on average, with the average cost of $1,359 to return a dead body home.

“From October 2021 when we commenced our flights, the airline has transported about 47 bodies into the country, mainly from United Arab Emirates (UAE) and South Africa, which are countries where many of Uganda’s labourers are found,” Ongwech said.

He said they didn’t transport many bodies from the region because of the already existing competition from other regional airlines such as Kenya Airways. He also revealed that price considerations were given in commemoration of the deceased.

“But since this is a national airline, we give discounts to the bereaved families in transporting dead bodies back home as a sign of mourning alongside them,” he said.

Uganda has become a key player in African aviation. Entebbe International, its main airport, is one of the busiest in the region. According to data, fruits and vegetables are the most popular exports carried by the national airline, with Europe being the main market.

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Moroccan annual inflation rises to 0.8% in November

Published

5 days ago

December 21, 2024

Ifeoluwa Dada

Morocco’s statistics office has confirmed that the country’s annual inflation rate, as determined by the consumer price index, increased from 0.7% in October to 0.8% in November.

Monthly, consumer prices decreased by 0.2% from October.

The primary driver of inflation, food costs, grew by 0.8% compared to the previous year, while non-food inflation climbed by 0.7%. Core inflation, which does not include more erratic items like food, increased 2.6% annually and 0.2% monthly.

According to the central bank, inflation is expected to average 1% this year, down from 6.1% last year.

Despite the Al-Haouz earthquake, a spike in inflation, and worldwide economic challenges, Morocco’s GDP grew by 3.4% in 2023.

A recovery in tourism, robust industrial exports, and rising private consumption—all bolstered by prudent macroeconomic policies—were the main drivers of growth.

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Nigeria’s $42bn foreign reserves enough for 9 months’ imports— Central Bank

Published

6 days ago

December 20, 2024

Ifeoluwa Dada

According to Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), the nation’s $42.01 billion in foreign reserves can cover imports of goods and services for almost nine months.

Cardoso promised Nigerians improved economic fortunes in 2025 while addressing the Senate Committee on Banking, Insurance, and Other Financial Institutions yesterday in Abuja at the presentation of the performance index report.

Cardoso stated: “External Reserves rose from $ 38.35 billion it was on September 30, 2024, to $ 42.01 billion as of December 12, 2024”.

He clarified that third-party receipts in Q3 2024 and revenues from taxes connected to crude oil were the main drivers of the rise in foreign reserves during the specified time.

“We saw remarkable improvements in our trade balance and maintained a current account surplus,” he added.

“Our external reserves level can finance over 9.09 months of import of goods and services or 13.91 months only, higher than the international benchmark of 3.0 months and a robust buffer against shocks”.

On cash shortage, the CBN boss reiterated the N150 million fine against any branch of banks caught illegally distributing new Naira notes to currency hawkers and unscrupulous elements and said the Nigerian economy will improve in 2025 through policies and measures.

He predicted a stronger economic future: “Despite our economy’s challenges, there are clear reasons for optimism.

“The gradual stabilization of the forex market, ongoing banking sector recapitalization, and positive growth trends in key sectors, especially the services sector, indicate a path toward recovery and stability.”