Over the past decade, Africa’s wealthiest economies have seen a significant shift in wealth distribution, with more than 8,000 millionaires lost across the continent. Africa has seen a shift in wealth distribution among its leading economies over the past decade. Countries like Nigeria, South Africa, and Egypt reported declines in millionaire populations. Mauritius experienced significant…
Africa’s richest man, Aliko Dangote, is extending his industrial footprint beyond oil refining into the global petrochemical sector through a new partnership with a leading Japanese firm. Aliko Dangote is expanding into the global petrochemical sector through a partnership with Mitsui Chemicals. The collaboration was announced during the Tokyo International Conference on African Development in…
Nigeria’s oil sector, the backbone of Africa’s largest economy, is under threat from both within and outside its borders. While the Nigerian National Petroleum Company Limited (NNPC) is concerned about international criminal gangs looting crude oil, Aliko Dangote, Chief Executive Officer of Africa’s largest oil refinery, is engaged in a battle with an entrenched “oil…
As the clock ticks toward the expiry of the African Growth and Opportunity Act (AGOA), Kenya and the United States are intensifying negotiations over a reciprocal trade agreement that could reshape the future of their economic partnership. Kenya and the United States are negotiating a new trade agreement as the AGOA expiration looms. AGOA has…
Fuel is more than a commodity in Africa; it is the foundation of transportation, food production, and industrial activity. When fuel prices are low, the benefits spread across almost every area of society, providing both economic and social benefits. Business Insider Africa presents the 10 African countries with the lowest fuel prices in August 2025.…
