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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
Africa’s largest economy has written a formal request to the African Union (AU) calling for the body to grant it 10 million COVID-19 vaccine doses to supplement the COVAX programme and has allocated $26 million for licensed vaccine production, the country’s health minister announced on Monday. Nigeria is grappling with a second wave of novel […]
Africa’s COVID-19 case fatality rate has now surpassed the global level, the head of Africa’s Center for Disease Control announced on Thursday. Since the pandemic began, the continent’s case fatality rate has remained below the global average, Africa CDC head John Nkengasong told reporters. “The case fatality rate is beginning to be very worrying and […]
In the precolonial era, music was a strong symbol of unity between men, women and children. African customs are littered with plenty of diverse, indigenous entertainment which expanded past their communal boundaries as most of the continent bar Ethiopia and Liberia came under imperial rule. They provided relief, united, and motivated freedom fighters alike from […]
The International Maritime Bureau (IMB) has announced that kidnappings by pirates in the Gulf of Guinea hit a record high in 2020, with well-armed and violent gangs defying regional navies and venturing further out to sea. Pirates in the West African region kidnapped 130 seafarers in 22 separate incidents accounting for all but five of […]
South Africa’s Mr. Price posted a 5.8% rise in third-quarter retail sales, supported by COVID-19 relief packages and demand for household items as people worked from home during the health crisis. The clothing and homeware firm said in its results release that total retail sales jumped to $500.5 million for the three months ended December […]
Namibia’s government has thrown its weight behind growing calls to boycott Shoprite Holdings so that the company resolves a four-week strike over pay. The Namibian Food and Allied Workers Union (NAFU) has been pleading with consumers not to buy from Shoprite and its subsidiaries until the labor dispute is resolved. More than 2,000 Shoprite workers […]
Heineken’s South African subsidiary will cut 70 jobs and put new investments on hold due to the country’s third ban on alcohol sales and COVID-19 trading restrictions, the firm announced on Wednesday. Africa’s most developed nation imposed a third ban on alcohol sales in early January, a move the government said was necessary to free […]
Angola has become the latest African country to receive funds from the International Monetary Fund, after the Washington-based lender approved disbursement of $488 million to the southern African country. In allocating the funds, IMF reiterated confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels. The disbursement approved by the executive […]
Ivory Coast’s government is warning that a large backlog of unsold cocoa could result in a 10% slump in guaranteed price for the 2020/21 mid-crop and further hurt the country’s economy that is battling the economic effects of the COVID-19 pandemic and a tense post-election period. The world’s largest cocoa producer would normally have sold […]