African applicants lost nearly €60 million ($67.5 million) in non-refundable Schengen visa fees in 2024, according to data from the LAGO Collective, a London-based research group tracking global mobility. African applicants lost €60 million in non-refundable Schengen visa fees in 2024. African countries experienced high rejection rates and rising application costs. Nigeria saw over 50,000…
The world’s second biggest airport retail operator, Lagardère Travel Retail (LTR), is expanding its footprint in Africa by entering its seventh country on the continent. Lagardère Travel Retail (LTR) is expanding its operations in Africa by entering its seventh country on the continent. LTR has partnered with Tourvest, a South African tourism company, to focus…
Ghana could generate up to $12 billion annually from small-scale gold production if output doubles as planned, according to Sammy Gyamfi, CEO of the Ghana Gold Board. Ghana’s small-scale gold production is projected to generate $12 billion annually with planned output doubling. The government has established a regulatory body to oversee gold trade, aiming to…
South Africa is preparing to ease local ownership requirements for Starlink and other foreign satellite service providers, following high-level diplomatic engagements with the United States. South Africa plans to ease local ownership requirements for foreign satellite service providers. This initiative responds to concerns over restrictions imposed by the current Electronic Communications Act. Elon Musk’s Starlink…
In 2024, African countries faced significant hurdles in obtaining Schengen visas, with several nations recording some of the highest rejection rates globally. Business Insider Africa presents the top 10 African countries with the highest Schengen visa rejection. The list is courtesy of the European Commission. Countries that submit fewer visa applications often face disproportionately higher…
As Moscow deepens its economic footprint across Africa, Russian Railways is setting its sights on four key countries poised to become hubs in a new era of transcontinental connectivity. Russian Railways (RZD) is targeting four African countries—Burkina Faso, Ghana, South Africa, and Libya—for infrastructure projects. This initiative is part of Russia’s strategy to enhance trade…
The United States has announced sanctions against Sudan following the determination that the Sudanese military used chemical weapons during the country’s ongoing civil war. The U.S. announced sanctions against Sudan due to chemical weapons usage by its military. Sanctions entail export restrictions and limits on government credit lines, effective June 6. Sudan’s civil war has…
Aliko Dangote, Africa’s richest man, has revealed that the Federal Government of Nigeria earns as much as 52 kobo from every N1 generated by his cement company. Aliko Dangote, Africa’s richest man, disclosed that the Nigerian Federal Government earns substantial revenue from his cement company. His cement company operates across over 10 countries and has…
Tanzania has completed the $260 million John Magufuli Bridge, the longest in East Africa and one of the ten longest on the African continent. Tanzania has completed the $260 million John Magufuli Bridge, the longest in East Africa, spanning 3.2 kilometers across Lake Victoria. It is set to open to traffic on June 19, 2025,…
