The general government balance is one indicator that rarely receives much attention but is extremely important in the dynamic realm of African economies. Business Insider Africa presents the top 10 African countries with the largest increase in extra cash from 2024 to 2025. This list is courtesy of the Africa Pulse Report by the World…
Zambia is seeking an additional $145 million by extending its International Monetary Fund (IMF) programme by 12 months. Zambia plans to extend its IMF programme by 12 months to secure an additional $145 million in funding. The nation aims to stabilize its finances after years of increasing debt. Zambia has already received approximately $1.55 billion…
With a shift in global military policies, the United States has opted to modify key leadership positions in Africa to confront new threats via AFRICOM. The United States has recently revised key military leadership roles to address emerging global threats, particularly in Africa. For the first time, U.S. Africa Command (AFRICOM) is led by an…
The South African government has officially raised concerns over the Kingdom of Eswatini’s recent agreement with the United States to receive and temporarily resettle foreign convicts deported for serious criminal offenses. The South African government raised concerns over Eswatini’s agreement to temporarily resettle foreign nationals deported from the U.S. for serious crimes. Pretoria warned about…
The administration of President Donald Trump will soon require visa applicants from Zambia and Malawi to pay bonds of up to $15,000 for certain tourist and business visas. The policy introduces a visa bond requirement for applicants from Zambia and Malawi for specific visa categories. Bonds range from $5,000 to $15,000, determined during the visa…
South Africa, the continent’s largest economy, is facing renewed trade headwinds as Danish shipping giant Maersk announced it will discontinue direct cargo shipments between South Africa and the United States from October 1. South Africa, the continent’s largest economy, faces challenges due to Maersk discontinuing direct cargo shipments to the US from October 1. South…
South African retail giant Shoprite Holdings is making a decisive retreat from another pair of African markets, announcing plans to exit Ghana and Malawi as part of its ongoing recalibration outside its home base. Shoprite Holdings announced plans to exit Ghana and Malawi markets as part of a regional recalibration strategy. These exits signify Shoprite’s…
Kenya’s current president, William Ruto, recently asserted that he is the best president Kenya has produced since its independence. This is coming amid a flurry of demands for his resignation. Kenya’s President William Ruto asserts he is the best leader Kenya has had since independence, citing his educational background and political experience. Ruto highlighted his…
Ghana’s government has given satellite broadcaster DStv until Thursday to reduce subscription fees or risk having its broadcasting licence suspended. Ghana’s government demands DStv reduce subscription fees by August 7 or face suspension. Communications Minister Samuel Nartey George directed the NCA to enforce regulatory compliance. DStv rejected the government’s proposed 30% price reduction citing economic…
