Dr. Samuel Maimbo, a frontrunner for the African Development Bank (AfDB) presidency, has outlined his vision for higher rates of economic growth, infrastructure modernization, and regional integration in Africa. Aiming to become the second Zambian to lead the bank, he stresses the need to reduce reliance on foreign aid by mobilizing domestic resources and private…
South Africa is exploring new allies in its bid to expand nuclear power, with Russia and Iran emerging as possible partners. South Africa is considering Russia and Iran as potential partners for expanding nuclear power capacity. U.S. concerns over South Africa’s ties with Iran have escalated tension between the two countries. The previous agreement with…
Discussions about Africa’s wealthiest people occasionally revolve around the fact that the majority of the country’s high-net-worth individuals are Caucasian, as opposed to black billionaires. Business Insider Africa presents the top 5 richest black billionaires in Africa in 2025. This list is courtesy of Forbes’s recent billionaire index. Aliko Dangote ranks number 1 on the…
Late last year, the Dangote refinery shook Nigeria’s oil market by announcing a reduction in its petrol price. Dangote refinery announced reduction in petrol price in Nigeria last year. Fuel prices have fluctuated due to the price shift initiated by the refinery. Experts believe that fuel prices could drop, reducing the country’s inflation levels. Since…
According to the monthly report issued by the Organization of the Petroleum Exporting Countries (OPEC), oil production for some African countries increased in January compared to the previous month, however, this wasn’t the case for others. Business Insider Africa presents the top 5 African countries that produced the most oil for global consumption in January…
South African leader of the opposition party Economic Freedom Fighters (EFF), Julius Malema, has openly declared himself a “proud international criminal” in defence of his activism. Julius Malema, leader of the opposition party in South Africa, openly declared himself a ‘proud international criminal’ in defense of his activism He drew parallels between himself and Nelson…
Elon Musk, who has been a significant figure in the AI race, has promised to release what he believes to be the smartest AI, Grok 3. Elon Musk promises the release of Grok 3, the smartest AI on earth. Users accessed Grok 3 through X’s Grok chatbot software before access was taken away. Musk’s relationship…
Given how the relationships between several African countries and Western countries are falling apart, it begs the question of whether Russia’s relationship with its African partners would meet the same fate. Russian Foreign Ministry spokeswoman believes the relationship between Russia and African partners is unlikely to disintegrate. Russia has been gaining traction in Africa, particularly…
Aliko Dangote, Africa’s richest man, has announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia. Aliko Dangote plans to invest $400 million to revive a second production line at the Mugher cement plant in Ethiopia The Mugher plant has faced challenges, including regional violence and the…
