Ethiopia’s status as a leading East African destination for foreign direct investment (FDI) continues to hold weight as the country recently inked a $1.7 billion in investment agreements in its energy and mining industries with China. Ethiopia secures $1.7 billion in investment agreements with Chinese companies in the energy and mining industries. Major investments include…
Africa’s business landscape is evolving fast, and 2025 has proven to be a year of both resilience and reinvention. Business Insider Africa present the top 10 fastest growing companies in Africa in 2025. The list is courtesy of Financial Times. Over half of the 130 companies featured on the list hail from these two countries,…
Qatar has repatriated 75 Tanzanian truck drivers after they were found unable to operate modern heavy-duty vehicles, despite being deployed to Doha for work in the commercial transport sector. Qatar repatriated 75 Tanzanian truck drivers who were unable to operate advanced heavy-duty vehicles. The drivers, trained on outdated manual trucks, struggled with the digital systems…
Ghana is actively exploring the re-establishment of a national airline with technical assistance from the United Arab Emirates (UAE), following high-level diplomatic discussions in Abu Dhabi. Ghana is pursuing the revival of a national airline with assistance from the UAE, revealed during diplomatic discussions in Abu Dhabi. The initiative aligns with President Mahama’s development priorities…
Tensions between France and Algeria have reached a new high following a tit-for-tat diplomatic incident in which both nations expelled their respective envoys. France and Algeria have escalated diplomatic tensions by mutually expelling envoys. France plans to remove Algerian diplomats without legal visas from its territory. Recent diplomatic incidents include arrests and mutual expulsions related…
Growth in GDP per capita often corresponds to an increase in individual income and consumption. This implies that, on average, people in the country are better off than they were the previous year. Another layer to GDP per capita is the GDP per capita in terms of purchasing power parity which denotes the average economic…
French energy major TotalEnergies has announced plans to begin offshore drilling in South Africa next year, contingent on receiving the required regulatory approvals. TotalEnergies plans to initiate offshore drilling in South Africa contingent on regulatory approvals. The initiative aims to boost South Africa’s domestic energy supply and attract foreign investment. Challenges like legal disputes and…
Nigeria’s Dangote Oil Refinery has reportedly cancelled planned maintenance on its 204,000 barrels-per-day gasoline-producing unit for June. Dangote Oil Refinery canceled planned June maintenance after conducting necessary work during an unplanned shutdown. The refinery commenced production of diesel, naphtha, jet fuel, and gasoline in phases since January last year. Economists forecast the refinery’s operations may…
South African President Cyril Ramaphosa has strongly rejected the refugee claims of a group of white Afrikaners recently being welcomed into the United States. President Cyril Ramaphosa criticized the refugee claims of white Afrikaners accepted into the US under the Trump administration. He reiterated South Africa’s commitment to inclusion and transformation while expressing concerns over…
