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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
Kenya’s tea output grew by 4% between July and October compared to a similar period last year due to favorable weather in the highlands. Produce of crop climbed to 373.8 million kilograms in the third quarter compared to 359.6 million kilograms in 2019. Kenya Tea Development Agency, the country’s biggest tea producer, said in a […]
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 […]
Nigeria’s Federal Executive Council has approved the payment of €15.21m Euro (offshore) and N1.7bn (onshore) counterpart funding for its power deal with German energy company, Siemens AG. The deal was a result of a meeting between Nigeria’s President Muhammadu Buhari and German Chancellor, Angela Merkel in 2018, which culminated in the signing of a letter of […]
Nigerians are up in arms on social media criticising a new government policy which would see small and medium scale businesses which use courier services paying $645 to obtain a licence and $258 for renewal According to the Nigeria Postal Service which oversees this new revenue drive, international courier and logistics services are expected to […]
Nigeria’s electronic bill payments reached $1.1bn between January and May 2020, more than double the amount for the same period in 2019. According to the latest Nigerian Interbank Settlement Scheme, this signifies an 86 per cent increase from the $615.4m payment of utility bills and other subscriptions recorded the previous year. A marked decline of […]
At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the body to the continent’s economic transformation agenda. “The economic integration of Africa will lay strong foundations for an Africa […]
As Nigeria reopened its aviation sector on Wednesday after lockdown due to the COVID-19 pandemic, the Nigerian Civil Aviation Authority has suspended 14 aircrafts used in private in the country for violating some aviation regulations. The NCAA listed the aircrafts affected as Hawker 800XP: N838BB; Hawker 800XP: N552ME; Hawker800XP: N749WW; Hawker800XP: ZS-EXG; CL604-D-ANGB; CL604-T7-NMN; CL601-N580KR, […]
Nigeria’s leading banks, Access, has been trending on social media platforms, but not in a positive way. Customers of the bank across Nigeria were up in arms, at least verbally, calling out what they described as “theft” of their bank savings in the name of stamp duty.https://twitter.com/p_mystic/status/1277157739052126208?s=20 Even though Access Bank was not the only […]
An April forecast by the International Monetary Fund has been reviewed downwards to show that the Nigerian economy would contract by 5.4 per cent. According to the IMF’s World Economic Outlook in April, Nigeria was to expect a 3.4 per cent contraction of its economy, but in the face of the havoc being wreaked by […]