As the world approaches the halfway point of 2025, a few African cities continue to stand out, not just for their skylines or tech hubs, but for something more fundamental: their citizens’ high purchasing power. Business Insider Africa presents the top 5 African cities with the highest purchasing power mid-way into 2025. This list is…
Kenya has emerged as a major transit hub for gold smuggled out of African countries plagued by conflict and weak governance. Kenya serves as a key transit hub for smuggling gold from conflict-affected regions in Africa. Most of Kenya’s gold production stems from undocumented artisanal and small-scale mining activities. In 2023, Kenya officially reported 672…
The World Bank has pledged $1 billion to help the Democratic Republic of Congo prepare as it prepares for the next phase of what could be the world’s biggest hydropower project. The World Bank has pledged a $1 billion fund to advance the Democratic Republic of Congo’s hydropower initiatives. $250 million will support the Inga…
President Bola Ahmed Tinubu has conferred the national honour of Commander of the Order of the Federal Republic (CFR) on American billionaire philanthropist and Microsoft co-founder, Bill Gates, in recognition of his long-standing contributions to global health, education, and poverty reduction. Nigerian President Bola Ahmed Tinubu awarded Bill Gates the national honour of CFR for…
Africa’s digital economy is rapidly evolving, and strong ICT policy and regulatory frameworks are playing a vital role in shaping that transformation. Africa’s digital economy is undergoing significant transformation driven by policy and regulatory frameworks. The Tracker categorizes nations as G1 (limited) to G4 (leader) based on their regulatory environments. Ten African nations have achieved…
Astronomers working with South Africa’s SKA telescope are urging the government to ensure that any licensing deal with Elon Musk’s Starlink includes protections for their sensitive astronomical research. Astronomers in South Africa emphasize the need for protective measures in agreements involving SpaceX’s Starlink to safeguard sensitive astronomical research. A licensing deal with Starlink has attracted…
Ghana and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to establish a technology and innovation hub aimed at accelerating Ghana’s digital transformation and positioning the country as a regional leader in artificial intelligence (AI) and emerging technologies. Ghana and the UAE have jointly established a plan for the ‘Ghana-UAE Innovations…
Starlink, the satellite internet service developed by Elon Musk’s SpaceX, has begun suspending service for South African users accessing the platform through unauthorized plans. Starlink, the satellite internet service by SpaceX, has suspended unauthorized service for South African users Starlink services have been utilized unofficially in South Africa for over two years Elon Musk has…
American billionaire, Bill Gates says the majority of his wealth will be directed toward improving health and education across Africa over the next two decades. Bill Gates announced his commitment to donate a significant portion of his wealth, approximately 99% by 2045. The Bill & Melinda Gates Foundation has already disbursed over $100 billion toward…
