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West Africa Hub:
Plateforme industrielle de Diamniadio
Bâtiment Administratif 5eme étage
Diamniadio
Senegal
East and Central Africa Hub:
Kigali – Rwanda
Kigali Business Center (KBC)
Kacyru, Kigali
Rwanda
Info – derrick.denecker@ecosystemcapital.africa
Derrick de Necker – +27606568137
South Africa’s power utility – Eskom – will record a fourth consecutive full-year loss as it struggles to deal with ongoing financial and operational challenges. The firm announced in a statement that the loss will rise to $1.47 billion in the financial year ending March compared to about $1.37 billion in previous year. “Significant financial […]
Rwanda’s economy is projected to shrink by 0.2% this year, but will rebound strongly next year to grow by 5.7%, according to the International Monetary Fund (IMF). The IMF said an economic recovery was underway but warned that spending to contain the effects of COVID-19 pandemic would raise public debt. “As a result, fiscal deficit […]
Zambia has become Africa’s first pandemic-era sovereign defaulter after the copper producing nation failed to pay an overdue Eurobond coupon before a 30-day grace period elapsed on Friday. Finance Minister Bwalya Ng’andu insisted the country wasn’t in a position to make the payment and sought a reprieve until April. “They will not support the standstill […]
Fresh from winning re-election, Tanzanian President John Magufuli has re-appointed Philip Mpango as finance minister and promised continued reforms to the mining sector as his government targets 8% annual economic growth in the next five years. Magufuli won a controversial poll in October that the U.S. State Department and election observers said was marred by […]
Nigeria’s government has lifted a ban on flights to the oil producing nation by Air France, Lufthansa, KLM and Qatar Airways. The West African country barred a number of global airlines when it resumed international flights on September 5 following a prolonged lockdown aimed at halting the spread of the novel coronavirus. At the time, […]
Time flies everywhere in the world. But not in Western Sahara’s de facto capital, Tifariti. As European colonization in the African continent crumbled in the mid to late 20th century, it brought about euphoria and optimism of a splendid future of self-governance. That was similarly the case in Western Sahara, a country larger in size […]
Ethiopia’s 12-day old conflict has entered a new front after Tigray forces fired rockets at the airport in Eritrea’s capital Asmara on Saturday evening. Tigrayan leader Debretsion Gebremichael told reporters that “Fighting is still continuing on several fronts” in Ethiopia as regional diplomats confirmed the cross border attack that saw two of the rockets fired […]
African nations recorded the worst governance performance in 2019 for the first time in nearly a decade due to a widening deterioration in human rights, security, and rule of law, a survey published by the Ibrahim Index of African Governance (IIAG) indicates. IIAG is the most comprehensive survey of its kind on the continent rating […]
With South Africa battling record unemployment of 30.8% in the third quarter, President Cyril Ramaphosa has announced that travel to all countries will resume in an effort to boost the struggling tourism, aviation and hospitality sectors. Africa’s most advanced economy has the highest number of confirmed coronavirus cases in Africa, and fifth globally, with more […]