Africa’s startup ecosystem has experienced a profound transformation in recent years, propelled by innovation, increased investment, and the rapid expansion of the digital economy. Business Insider Africa presents the 10 best African countries for Startups The ranking is courtesy StartupBlink’s Global Startup Ecosystem Index 2025! Africa sees regional variations, with Southern and Northern Africa leading…
Social media users in Tanzania may have faced restricted access to the X platform (formerly known as Twitter) following the administration’s decision to shut down the service. The Tanzanian government reportedly restricted access to the X platform (formerly Twitter), raising concerns about digital freedoms. NetBlocks confirmed the disruption on May 20, 2024, indicating service providers…
Philanthropy is becoming an increasingly powerful force in Africa, with African billionaires taking the lead in addressing critical developmental challenges. Philanthropy is gaining significance in Africa, driven by billionaire efforts. Prominent philanthropists include Aliko Dangote, Patrice Motsepe, Strive Masiyiwa, and Mo Ibrahim. These individuals implement culturally sensitive and context-specific initiatives. While many African countries continue…
Recent reports indicate that, based on a court filing on Tuesday by a court in the United States, 12 South Asian migrants are to be deported to South Sudan. As a result, US immigration officers have begun enforcing the decree. A U.S. court ruled on the deportation of 12 South Asian migrants to South Sudan,…
The Dangote Petroleum Refinery has announced that its naira-for-crude oil agreement with the Nigerian government has enabled it to lower petrol prices, ultimately reducing costs at fuel stations for Nigerian consumers. Dangote Petroleum Refinery implemented a naira-for-crude oil agreement to reduce petrol prices in Nigeria. The initiative supports price stability and contributes to national economic…
The Amir of Qatar, His Highness Sheikh Tamim bin Hamad al-Thani, met with the President of the Republic of Benin, Patrice Talon, at the Amiri Diwan in Doha to discuss strengthening cooperation between both countries. The Amir of Qatar and the President of Benin met in Doha to discuss bilateral cooperation. Key sectors for collaboration…
Nigeria’s Monetary Policy Rate (MPR), the nation’s benchmark interest rate, has been kept at 27.5 percent by the Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC). The Central Bank of Nigeria maintained the Monetary Policy Rate at 27.5%. Governor Olayemi Cardoso highlighted unanimous support for the decision by the Monetary Policy Committee.…
Indonesia, the world’s largest producer of palm oil, implemented a policy on May 17 to increase the export tax on crude palm oil (CPO) , aiming to finance biofuel initiatives and replanting activities within the country. Indonesia, the world’s largest producer of palm oil, raised its export tax on crude palm oil from 7.5% to…
South Africa’s government is preparing to offer Elon Musk a special exemption from the country’s Black ownership requirements to allow his satellite internet service, Starlink, to operate within its borders. The South African government considers granting Elon Musk’s Starlink an exemption from Black ownership policies. An alternative ‘Equity Equivalent’ model is proposed, allowing investments in…
