African countries are ordering more Chinese solar panels, with imports increasing by 60% in the 12 months through June. African nations amplified solar panel imports from China by 60% in the year through June. China remained the dominant global supplier, producing about 80% of the world’s solar panels in 2024. The number of countries importing…
Africa has emerged as a prevalent hub for Chinese exports, as US tariffs imposed under Donald Trump’s trade policies push Beijing to restructure its global trade strategy. Africa has become a key market for Chinese exports following US trade tariffs, with exports rising significantly. Chinese exports to Africa have surged to record levels, indicating strong…
South Africa’s state-owned airports operator plans to raise about half of the 21.7 billion rand ($1.2 billion) it intends to spend on infrastructure upgrades over the next year. Airports Company South Africa plans to secure funding for infrastructure upgrades valued at 21.7 billion rand. Half of the funding will be sourced via long-term debt instruments…
Botswana, Africa’s leading diamond producer, has declared a public health emergency amid severe shortages of essential medicines and medical equipment. Botswana faces a public health emergency due to critical shortages of medicines and medical equipment. President Duma Boko announced a plan involving military oversight to resolve supply chain issues. The healthcare crisis stems from financial…
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.…
