Botswana has announced that it will allow its pula currency to depreciate by 2.76% over the next 12 months, a steeper adjustment than previously planned. Botswana will allow its currency, the pula, to depreciate by 2.76% over the next year to tackle economic challenges. The country faces significant economic pressure due to a global diamond…
While not every African country saw gains in English proficiency, the region as a whole made progress, particularly among women, who continue to outperform men. Business Insider Africa presents the top 5 African countries with the best English proficiency. The list is courtesy of EF Education First. Africa remains the only continent where women consistently…
The United States has dismissed speculation that its recent reduction in visa validity for most Nigerian applicants is politically motivated or connected to Nigeria’s foreign policy positions, including its resistance to U.S. deportation programs or perceived affiliations with global alliances such as BRICS. The United States denies allegations that reducing visa validity for Nigerian applicants…
The United States’ efforts to curb “birth tourism” is gaining traction internationally, with Uganda publicly backing the policy and cautioning its citizens against such travel. The United States is intensifying efforts to address ‘birth tourism’ and received support from Uganda regarding the policy. The U.S. government has raised concerns about misuse of temporary visa categories…
The Trump administration’s controversial plan to deport thousands of undocumented migrants to African nations has faced firm resistance from Abuja, highlighting growing diplomatic tensions over the U.S.’s unilateral immigration policies targeting the continent. The Trump administration’s plan to deport undocumented Venezuelan migrants to African nations has faced resistance from Nigeria. Nigeria’s Foreign Affairs Minister revealed…
Africa’s richest man, and ironically, the owner of the continent’s largest single train oil refinery, Aliko Dangote, has expressed concern about the Nigerian government’s ability to manage a functional oil refinery. Dangote, who built the 650,000 bpd Dangote Refinery, spoke about his time trying to revive some of the state-owned refineries. Aliko Dangote expressed skepticism…
In today’s globalized world, a country’s ability to defend its economy, stabilize its currency, and maintain strategic autonomy is heavily reliant on the strength of its foreign exchange and gold reserves. Business Insider Africa presents the top 10 African countries with the lowest reserves of foreign exchange and gold. This list is courtesy of Global…
