Ghana’s cedi, which briefly held the title of Africa’s best-performing currency in early June 2025, has hit a major stumbling block amid surging demand for U.S. dollars and a sharp decline in physical dollar liquidity at local banks. Ghana’s cedi experienced a major reversal, losing gains made earlier in June 2025 Inflation rates in Ghana…
Given the increase in the global average fuel price in June 2025, rising from $1.25 to $1.27 per liter), several African countries have followed suit as they continue to face high fuel costs. Business Insider Africa presents the 10 African countries with the highest fuel prices in June 2025. This list is courtesy of GlobalPetrolPrices.…
The Middle East for the last few years has been no stranger to missile strikes, as tensions in the region continue to escalate with no real end in sight. The effects of these hostilities have unfortunately found their way into Africa, particularly countries located in the MENA region. Currently, Egypt is feeling the most heat…
Dangote Petroleum Refinery has announced a major fuel distribution initiative set to begin on August 15, 2025, aimed at transforming Nigeria’s downstream petroleum sector. Dangote Petroleum Refinery announced a fuel distribution initiative starting August 15, 2025. The program aims to supply PMS and diesel across Nigeria to various sectors, including energy and aviation. To remove…
Denmark is rolling out a new education-focused strategy aimed at attracting more African students to its universities, similar to its western counterparts, as part of a broader plan to foster stronger continental ties and expand its global influence. Denmark plans to attract 230 African students annually for the next eight years as part of a…
The Federal Government of Nigeria has condemned the recent preemptive military strike carried out by Israel on Iran, describing the action as a dangerous escalation in an already volatile region. Nigeria condemned Israel’s military strike on Iran, labeling it a dangerous escalation. The government expressed concerns over the impact of sustained hostilities on regional and…
Tesla has officially opened its first African office in Casablanca, Morocco, marking a strategic milestone in the company’s global expansion plans. Tesla has inaugurated its first African office in Casablanca, Morocco, as part of its global expansion strategy. Operations include vehicle importation, sales, servicing, clean-energy solution distribution, and charging infrastructure management. Tesla’s leadership combines global…
In a sweeping escalation of U.S. immigration controls, President Donald Trump’s administration is reportedly considering extending travel ban to citizens of 36 additional countries—25 of them in Africa. The Trump administration is considering expanding travel bans to citizens from 36 additional countries, predominantly in Africa. The restrictions are proposed due to concerns over visa overstay…
A senior U.S. diplomat has stated that the United States is intensifying pressure for rapid progress in peace talks between Rwanda and the Democratic Republic of Congo (DRC), with the goal of brokering a peace agreement as early as June or July. The United States is urging rapid advancements in peace talks between Rwanda and…
