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West Africa Hub:
Plateforme industrielle de Diamniadio
Bâtiment Administratif 5eme étage

East and Central Africa Hub:
Kigali – Rwanda
Kigali Business Center (KBC)
Kacyru, Kigali

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Derrick de Necker – +27606568137

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    African Continental Free-trade Area could unlock $84 billion in exports

    The African Continental Free-Trade Area could help to realize more than $84 billion in untapped intra-African exports, a new report by the African Export-Import Bank reveals. Trade under the pact is due to begin from January 1, and if the export potential is tapped under the deal, intra-continental trade could rise to more than $231 […]

    South Africa’s Eskom to record $1.47 billion loss in 2020/21 financial year

    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 […]

    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 […]

    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 […]

    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 […]

    Kenya’s tea output up 4% in third quarter

    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 […]

    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, […]

    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 […]

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