Qatar banks on RwandAir deal to expand in Africa

The deal for Qatar Airways to buy shares in RwandAir is said to be at an advanced stage. FILE PHOTO | NMG

What you need to know:

  • Experts say the move by Qatar to buy shares in RwandAir could enable it to solidify its presence in the African market.
  • Although the details are scanty, sources say the deal is at an advanced stage, with institutions from both carriers fast-tracking all the necessary processes to conclude it.
  • Although it is still making losses, RwandAir has been expanding over the past decade, due to financial injections from the government.