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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@ecosystemholdings.africa
Derrick de Necker – +27606568137
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 […]
The Ghanaian government has pulled back the $500 million listing of its gold royalty fund Agyapa Royalties in London, as concerns mount over transparency and accountability. The main opposition party, National Democratic Congress, has raised fears that the funds would be misappropriated while questioning the listing process. Other civil society groups and independent economists have […]
Zambia Chamber of Mines has asked the government to reform its taxation policies and treat mineral royalty payments as a deductible expense, in order to eliminate double taxations and spur investment in the sector. Since Parliament passed new tax regulations in 2019, mineral royalty payments have not been treated as a deductible expense when calculating […]
External trade data from Mali’s statistics agency reveals that the country’s gold exports rose 6.5% to 65.6 tonnes in 2019 compared with the previous financial year. The Statistics agency delayed release of the data owing to the coronavirus pandemic that has grinded the Malian economy to a halt and led to refocusing of policy, and […]
The Republic of Congo’s government has announced that the economy will grow by 0.5% in 2021 after a contraction of 8.6% in 2020. The positive economic outlook is driven by renewed optimism for oil futures, as revenues are projected to rise 21% to 1,846.1 billion CFA francs ($3.32 billion), up from 1,525.3 billion CFA francs […]