Disbursements from USAID, one of Africa’s largest aid donors, were halted by Donald Trump on the 20th of January, 2025, shortly after the US president was inaugurated. Business Insider Africa presents the top 10 African countries that received the most aid from America in 2024. This list is courtesy of the U.S. foreign assistance data…
Nigeria-based payment processor Paystack has been fined ₦250 million by the Central Bank of Nigeria (CBN), marking its largest known penalty since its founding in 2016. Paystack fined ₦250 million by Central Bank of Nigeria (CBN) Fine follows launch of Paystack’s peer-to-peer transfer app, Zap, raising concerns over regulatory compliance Nigerian authorities are cracking down…
On May 1, 2025, at the national Labour Day festivities in Singida, President Samia Suluhu Hassan announced a 35.1% increase in Tanzania’s minimum wage for public officials. President Samia Suluhu Hassan announced a 35.1% increase in Tanzania’s minimum salary for public officials. The monthly minimum wage will rise from Sh370,000 to Sh500,000 starting July 2025.…
Nigerian billionaire Aliko Dangote has said that he was “comfortable” with the impact of former President Donald Trump’s tariffs on his urea exports to the United States. Aliko Dangote is comfortable with the impact of Trump’s tariffs on his urea exports to the US. Dangote’s $2.5 billion plant in Nigeria is the largest granulated urea…
The Democratic Republic of Congo (DRC) seeks to lift the immunity of former President Joseph Kabila, accusing him of supporting the M23 rebel group, which is responsible for the ongoing conflict in the country’s east. Accuses him of supporting the M23 rebel group responsible for ongoing conflict in the country’s east Government suspends Kabila’s party…
Governments across the globe are grappling with rising public debt and widening fiscal deficits, issues that are stifling productivity and undermining long-term growth. Sadly, many African nations are not immune to these trends. Business Insider Africa presents the top 10 African countries with the highest economic freedom. The list is courtesy of The Heritage Foundation.…
Belgium is willing to deepen its engagement in the Democratic Republic of Congo’s mineral sector. Belgium aims to deepen engagement in the Democratic Republic of Congo’s mineral sector. DRC is rich in minerals such as copper, cobalt, lithium, and uranium. Kinshasa seeks to bring in new investors, including discussions with the U.S. and Saudi Arabia.…
