"It's been going on for a while, we have been
discussing it for almost five years. So, now, we're really at the tail-end of
it," Makolo said.
For the past five years, Qatar and Rwanda have been working
on a deal which would give the Gulf nation's airline a 49% stake of RwandAir
for an undisclosed sum, the FT report added.
Qatar Airways declined to comment while RwandAir did not
immediately respond to a request for comment.
Earlier this year, Qatar Airways CEO Badr Mohammed Al Meer
said that Qatar Airways will soon announce an investment in an airline in
southern Africa.
Qatar Airways in 2019 took a 60% stake in a new $1.3 billion
international airport being built in Rwanda and has code share agreements with
several airlines in Africa including RwandAir.