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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)
6th Floor, Kacyru,
Kigali
Rwanda

Info –  derrick.denecker@ecosystemcapitalgroup.com
Derrick de Necker – +27606568137

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    Zambia defaults on Eurobond payments

    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 […]

    Tanzanian President Magufuli reappoints finance minister Mpango in new government

    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 […]

    Japan’s Marubeni Corp pulls out of South African coal power plant project

    South Africa’s 630 megawatt (MW) Thabametsi coal-based power plant project in northern Limpopo province has hit a new setback after Japanese group Marubeni Corp announced its pullout. Marubeni’s decision was influenced by the withdrawal of some South African investors and South Korea’s state-run Korea Electric Power Corp (KEPCO) last month. “As per our policy that […]

    Governance in Africa regresses for the first time in a decade: Mo Ibrahim report

    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 […]

    Tigray forces bomb Eritrea’s Asmara airport as fears intensify over full blown regional war

    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 […]

    New dawn for Africa’s last occupied territory after Polisario Front quits Western Sahara 30-year cease fire

    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 […]

    South Africa opens all international travel as unemployment hits record 30.8%

    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 […]

    Nigeria lifts ban on flights by Air France, Lufthansa, KLM, Qatar Airways

    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, […]

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