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1$ - United
States Dollar
Conversion to Major AFRICA Currencies
(Exchange Rates
as of April 2003)
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Algeria
Dinars
1 USD = 77.3910 DZD
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Egypt
Pounds
1 USD = 5.85500 EGP
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Ethiopia
Birr
1 USD = 8.40000 ETB
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Ghana
Cedis
1 USD = 8,360.00 GHC
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Kenya
Shillings
1 USD = 75.7000 KES
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Nigeria
Nairas
1 USD = 131.250 NGN
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South
Africa Rand
1 USD = 7.65736 ZAR
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Sudan
Dinars
1 USD = 265.395 SDD
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Tanzania
Shillings
1 USD = 1,047.00 TZS
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Uganda
Shillings
1 USD = 1,950.20 UGX
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Zimbabwe
Dollars
1 USD = 824.152 ZWD
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Promising new airline-Buraq Air- charters growth plans Successfully
launches Cargo operations
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Salaheddien
Busefi
Cargo & Aviation Reporter, Libya
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Flourishing
private initiative coupled with encouragement of the Libyan Government
for private enterprise and proposed legislation on foreign investment
according to Law No. 5 has induced the role for private activity
in sectors such as banking, tourism and aviation. It was with this
prospect that in November 2000 a group of ambitious pilots found
the need and saw the opportunity for a private airline in Libya,
and in February 2001 the field of aviation in Libya was broadened
with the launch of Buraq Air.
Private shareholders, the handicapped trade union and some private
banks have contributed to the capitol investment. In a short space
of time they made a very good name for themselves locally, particularly
in their domestic services and regularity, which has always been
complemented by their reliable, convenient and consistent guidelines
that they abide by.
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Captain
Mohamed Boubeida, Buraq Air Chairman, has an aim to extend their
network internationally following their domestic
successes. In less than one year the airline has managed to increase
its fleet from two Boeing 727’s to seven aircraft. Being based
in Mitiga Airport, second international, which is closer to Tripoli
has made their services even more favourable especially among
frequent travellers between Tripoli and Benghazi.
With the increase of cargo traffic impending in and around Libya,
Buraq focused on launching its own cargo operation in May 2002
which saw the use of the successful IL-76 TD and a staggering
yield of 7126 tonnes of freight, in 10 months quite an achievement
considering the short time frame. In response to such
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attainments Buraq was led to introduce another aircraft together
with expansion plans to extend their network to cover parts of Europe
by the second quarter of 2003. Further to Buraq Air’s passenger,
cargo and charter services, they also offer inland desert flights
to shuttle oil field personnel to and from the exploration areas
thanks to their staff’s valuable experience and knowledge of the
remote terrain. For such capabilities, Buraq opts for the Let 410
for its suitability and efficiency of which three of its kind are
used.
Buraq Air has certainly played its part in expanding and promoting
the aviation sector in Libya and has given its services to harness
even further the industry of aviation and cargo in particular in
which they present a regular cargo charter serving direct to Istanbul
and Sharjah from Tripoli and Benghazi.
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SAA
Reduces Capacity to Bulawayo, Zimbabwe
South
African Airlink has temporarily taken over South African
Airways' flights to Bulawayo, Zimbabwe, reducing capacity
on the route.
South
African Airlink, SAA's regional partner and feeder airline
will fly to Bulawayo, seven days a week after taking
over SAA's three weekly flights. SAA will decide on
reintroducing its flights to Bulawayo towards the end
of October this year.
"We
believe it is cost-effective to utilize Airlink's smaller
aircraft," said SAA in a statement.The airline
presently operates 11 flights to Victoria Falls and
13 flights to Harare in Zimbabwe.
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Cargo
Services re-routed from Kenya
Following
the recent suspension of all British registered aircraft
into Kenya, because of "heightened security concerns,
on the government's Department for Transport instruction
British Airways (BA) World Cargo has temporarily re-routed
airfreight services for cargo from Kenya.
In
the short term, the majority of cargo will be routed
through Entebbe International Airport in Uganda using
a chartered freighter aircraft, whilst also having the
option to move excess freight using inter-line arrangements.
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Liquidation
of Nigeria Airways takes place
The
poor financial state of the airline and the inability of its
staff to run it have resulted in the liquidation of Nigeria
Airways, Nigeria’s only national carrier.
In the alternative, the ministry said that a new national
carrier, known as the Nigerian Global is to be set up with
Triton Airbus group. According to ministry spokesperson, Nigeria
is to control 40 per cent of the shares in the investment,
adding that the arrangement is such that Nigeria would make
no initial capital contributions. The Triton Airbus Group
is to provide an initial Airbus 400 on wet lease and would
control 60 per cent of the investment.
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