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Carlyle Group Injects $40m into Wakanow

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By Modupe Gbadeyanka

The sum of $40 million has been injected into one of the leading online travel agencies based in Nigeria, Wakanow.com Limited.

The amount is aimed at making the firm take a leading role in the sector, which boasts of other strong competitors.

This investment adds to Carlyle’s experience in the online travel sector, where it has invested in companies such as C-trip, one of the major online travel agencies operating across China, the Latin American travel and tour operator CVC Brasil, and Vasco Turismo, one of the largest travel operations groups in Peru.

Managing Director of Carlyle Group, Mr Idris Mohammed, stated that, “Wakanow has experienced incredible growth since inception, disrupting the travel market and taking online and offline market share.

“We believe that this strong growth trajectory will continue as Wakanow benefits from an expanding middle class across the continent in addition to increasing Internet penetration and mobile connectivity, which is driving increased online traffic.

“We look forward to working with Wakanow’s management team to help them deliver on their vision for growth and expansion.”

Also speaking, Chief Investment Officer of Platform Capital, one of Wakanow’s lead investors, Mr Mayowa Ayodele, said, “We are happy to partner with Carlyle and look forward to working with them to strengthen Wakanow’s market position, accelerate innovation, deepen its systems and processes to realise the vision of a world class online travel agency with African roots.”

Founded in 2009 in Nigeria, Wakanow is one of West Africa’s largest full-service online travel companies, providing its customers with a one-stop online booking portal for flights, hotels, holiday packages, and other travel services and ancillaries.

Complementing their online offering, Wakanow also operates a network of traditional brick-and mortar travel centres and has operations in Nigeria, Ghana, Kenya, the United Arab Emirate (UAE) and the United Kingdom.

The firm enjoys strong brand recognition and a scale advantages in its local markets. Co-founder and Chief Executive Officer of Wakanow, Mr Obinna Ekezie, commented that, “We are excited to partner with Carlyle as we continue to grow and expand in Africa and beyond. Carlyle’s global footprint and scale, as well as its extensive experience and network in the online travel sector will help us to further develop our offerings and broaden our customer base.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Economy

NIPOST, KLM Royal Dutch Airlines Seal Logistics Deal

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NIPOST

By Adedapo Adesanya

The Nigerian Postal Service (NIPOST) and the KLM Royal Dutch Airlines have signed a direct international mail partnership to boost delivery and ease bottlenecks around Nigerian logistics.

The Postmaster General of NIPOST, Mrs Tola Odeyemi, confirmed this agreement between both parties, describing its as a milestone in many years.

According to Mrs Odeyemi, NIPOST operated without any direct partnerships with international airlines, relying heavily on multiple third-party handlers, resulting in delays, higher costs, and uncertainty around the delivery of packages.

“With this new partnership, KLM will now handle our outbound international mail directly, with no middlemen involved,” she wrote in the announcement on X, formerly, known as Twitter, noting that the deal will bring faster and more reliable delivery, reduced risk of loss or damage, lower handling charges, and access to over 200 countries through KLM’s global network.

KLM Royal Dutch Airlines is the national carrier of the Netherlands and offers services – passenger and cargoes – to 164 destinations worldwide and boasts about 116 aircrafts as of 2025.

“This breakthrough is possible because we have begun clearing longstanding debts owed to international carriers. We are actively working to rebuild global trust, and this partnership is only the first of many doors that will reopen,” she added.

She also noted that NIPOST is currently in strategic discussions with Ethiopian Airlines to serve African and Eastern routes, further strengthening the country’s regional and continental logistics framework.

“Our goal is clear and unwavering: to connect Nigeria regionally and globally, efficiently, securely, and affordably,” she noted.

The NIPOST chief also noted that the development serves as a major win for Nigerian businesses especially Small and Medium Enterprises (SMEs).

According to her, some of the benefits cover those who export goods, or sell products online, as it introduces quicker, more affordable international shipping, greater peace of mind with improved reliability, and new potential to reach and grow in global markets.

“I remain grateful to the incredible teams working diligently behind the scenes, and to every Nigerian who continues to believe in our mission. We are not just delivering mail, we are delivering solutions and moving Nigeria forward,” she added.

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Travel/Tourism

US Safety Board Blames Pilot Error for Wigwe Helicopter Crash

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Profile of Herbert Wigwe

By Aduragbemi Omiyale

The pilot of the helicopter crash that led to the death of the chief executive of Access Holdings Plc, Mr Herbert Wigwe, and two other members of his nuclear family and a friend on February 9, 2024, in the United States has been blamed for the incident.

In its report, the United States National Transportation Safety Board (NTSB) also blamed the company for “inadequate oversight of its safety management processes.”

Mr Wigwe died in the air mishap alongside his wife, Mrs Doreen, his son, Mr Chizi, and a friend, Mr Abimbola Ogunbanjo, who chaired the Nigerian Exchange (NGX) Group Plc.

They died after the small aircraft with registration number N130CZ carrying six persons crashed near the Nevada border in California. They were going for a match in the US when the unfortunate incident happened.

In the report released on Wednesday, the safety board noted that the crash occurred due to the pilot’s inability to navigate effectively in some conditions.

“The probable cause of this accident [was] the pilot’s decision to continue the visual flight rules flight into instrument meteorological conditions, which resulted in the pilot’s spatial disorientation and loss of control,” a part of the report stated.

It was observed that during the flight, the pilot had communicated with the company’s Director of Maintenance (DOM) about an issue with the radar altimeter, which remained non-functional despite attempts to fix it.

The NTSB further revealed that after arriving at the airport to pick up the passengers, the pilot and a company flight follower engaged in a phone conversation but failed to discuss the status of the radar altimeter or the current weather conditions, both of which could have impacted the flight’s safety.

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Travel/Tourism

Emirates Partners FG to Promote Inbound Tourism to Nigeria

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Emirates Nigeria tourism

By Modupe Gbadeyanka

The Nigerian tourism sector is about to witness a sharp turnaround with a deal sealed between Emirates Airline and the federal government through the Ministry of Art Culture Tourism and the Creative Economy.

According to a Memorandum of Understanding (MoU) at the 2025 Arabian Travel Market, the airline operator will use its influence in the global aviation market to attract international visitors to tourist sites in Nigeria.

It was learned that Emirates would help to promote inbound tourism to Nigeria from key markets on its network, encouraging travellers to experience the country’s rich cultural heritage and diverse natural beauty, from sunlit coastlines to vibrant wetlands.

Also, both parties will develop programmes for trade partners, hoteliers and tour operators, to showcase the Heartbeat of Africa as well as exploring incentives, familiarisation trips and other marketing initiatives.

“Since resuming operations to Lagos in October 2024, we have focused on deepening our strategic partnerships with key stakeholders in Nigeria’s aviation, tourism and trade sectors.

“This partnership with the Nigerian Tourism Ministry solidifies our commitment to driving international travellers to experience the country’s fascinating history, its urban cities, the untapped, stunning natural world and, of course, the warm hospitality that characterizes Nigerian culture,” the Chief Commercial Officer of Emirates Airline, Adnan Kazim, said.

In her remarks, the Minister of of Art, Culture, Tourism and the Creative Economy, Ms Hannatu Musa Musawa, said, “This partnership with Emirates marks a pivotal moment for Nigeria’s tourism sector. It serves as a critical springboard for driving inbound tourism as we work towards delivering on our Destination 2030 Soft Power Initiative, endorsed by Mr President to position Nigeria as a global leader in culture, heritage, and creativity.

“Strengthening strategic alliances with international stakeholders like Emirates not only open new gateways for visitors but also empower local communities, stimulate economic growth, and showcase Nigeria’s extraordinary cultural tapestry to the world.”

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