Ghana’s banking sector continues to grapple with a growing wave of fraudulent activity, with 155 employees dismissed in 2024 for their involvement in fraud. Ghana’s banking sector saw 155 employees dismissed in 2024 for fraud, part of 365 staff implicated overall. Fraud cases in banks and SDIs rose by 5%, from 15,865 incidents in 2023…
When the Consumer Price Index (CPI) sees a significant shift, notably an increase, it causes ripples throughout a country’s economy. For African countries, much like everywhere else, this inevitably affects the cost of goods and services. Business Insider Africa presents the top 10 African countries with the highest cost of goods and services in 2025.…
As a result of the United Arab Emirates’ alleged support for the Rapid Support Forces, Sudan has said it would cut ties with the Middle Eastern country. Sudan announced it would cut ties with the UAE over allegations of support for the Rapid Support Forces (RSF). The RSF, formed in 2013, is a powerful paramilitary…
The governments of Ghana and Algeria have signed a landmark visa-free agreement aimed at strengthening bilateral ties and enhancing cooperation between the two countries. Ghana and Algeria signed a visa waiver agreement to allow visa-free travel between the two countries. This deal aims to renew the longstanding ties between Ghana and Algeria dating back to…
Nigeria has officially secured full membership in the Asian Infrastructure Investment Bank (AIIB), following approval by the Federal Executive Council (FEC) in Abuja. Nigeria has secured full membership in the Asian Infrastructure Investment Bank (AIIB) The membership allows Nigeria to access global infrastructure financing and diversify its development funding sources. The AIIB, headquartered in Asia,…
Canadian miner Fortuna Mining is shifting its focus to Guinea, marking a strategic realignment in West Africa following its exit from Burkina Faso. Fortuna Mining is shifting its focus to Guinea after exiting Burkina Faso due to security risks and regulatory changes. The company is exploring opportunities in Guinea’s gold sector through site visits and…
The UK government is set to tighten visa rules for nationals from countries deemed high-risk for overstaying or making asylum claims. The UK government plans to tighten visa rules for nationals from high-risk countries to curb asylum claims. The move aims to prevent abuse of work and study visas, which are viewed as potential entry…
Africa’s richest man, Aliko Dangote, is expanding his agro-industrial empire into Ghana with the launch of a massive sugar refinery project in Kwame-Danso, Bono East Region. This will enable the country to drastically reduce its sugar import costs and promote local industrial growth. Aliko Dangote is launching a massive sugar refinery project in Ghana’s Bono…
What began as a cause for celebration in Nigeria has turned into one of the most shocking scandals in the country’s oil sector. The rehabilitation of the country’s refineries, intended to make Nigeria’s oil market competitive, has failed to fully materialize. Rehabilitation of Nigerian refineries has turned into a shocking scandal. Passports of officials accused…
