Morocco is set to make history as the host of Africa’s first battery gigafactory, backed by a landmark $5.6 billion investment from China. Morocco will host Africa’s first battery gigafactory following a $5.6 billion investment led by China’s Gotion High-Tech. The facility, located in Kenitra, aims to produce 20 gigawatt-hours annually by 2026, with plans…
Borrowing costs for governments and businesses in South Africa, Nigeria and Kenya have risen in the last five years, according to a study by Moody’s Ratings. Borrowing costs in South Africa, Nigeria, and Kenya have increased significantly in the past five years due to policy weaknesses and inflation. These nations face challenges from higher interest…
South Africa’s fast-growing online retail market is on track to exceed $7 billion (R130 billion) in sales by the end of 2025, making up almost 10% of the country’s total retail spend for the first time. South Africa’s online retail market is projected to surpass $7 billion by 2025, constituting approximately 10% of the nation’s…
Nigeria, last month, experienced a significant decline in its exports to the United States, one of its most pivotal partners. Nigeria experienced a 41% decline in exports to the United States in July 2025, significantly affecting bilateral trade. US exports to Nigeria also fell, yet the US maintained a trade surplus of $206 million in…
Migrants deported from the United States and now held in Ghana face the risk of being sent back to their home countries, despite U.S. assurances meant to protect them from persecution or torture. A U.S. Judge, Tanya Chutkan has questioned the transfers and pressed the government on how it planned to prevent onward deportations. Migrants…
The shadowy world of cyber-slavery is spreading across Asia and Africa, trapping thousands of unsuspecting young people in a modern form of digital servitude. The cyber slavery industry has now expanded to Africa, exploiting high youth unemployment and migration pressures. Young Africans are lured into scams with false job offers, where they face confiscation of…
By Paul Arkwright, former British High Commissioner to Nigeria Femi Otedola’s entrepreneurial career started young. When he was seven years old, he started cutting the nails of visitors to his parents’ house in Lagos, charging a small fee and recording his earnings in a pocket book to keep track of the transactions. It was the…
African immigrants are among the fastest-growing foreign-born populations in the United States and though they still make up a small share of the total foreign-born population, their numbers have been increasing steadily in recent years. Business Insider Africa presents the top 10 African Nations with the most migrants in the U.S. The list is courtesy…
The United States, Saudi Arabia, the United Arab Emirates, and Egypt have announced a new peace roadmap to end Sudan’s conflict, effective immediately. The US, Saudi Arabia, UAE, and Egypt have unveiled a Sudan peace roadmap. The plan features a three-month truce, a permanent ceasefire, and a nine-month transition to civilian rule. The roadmap leaves…
