The United States has renewed and expanded a key export financing scheme to strengthen agricultural trade with Nigeria, as bilateral commerce between the two countries continues to grow. The United States has reinstated a key export credit programme to boost agricultural trade with Nigeria. Bilateral trade between the two countries reached $15 billion in 2025,…
The HelloSafe Prosperity Index 2026 ranks Africa’s most prosperous nations, with Seychelles taking a clear lead at 98.09, followed by Mauritius (77.09) and Algeria (54.24). Business Insider Africa presents the richest African countries in 2026. The list is courtesy of HelloSafe Prosperity Index 2026. Seychelles tops the ranking by a wide margin, reflecting its high-income…
South Africa and Nigeria have emerged among the world’s top 10 outsourcing destinations, highlighting Africa’s growing role in the global business services industry as companies increasingly look beyond traditional hubs in Asia and Eastern Europe. South Africa and Nigeria are ranked among the world’s top 10 outsourcing destinations, reflecting Africa’s growing role in global business…
Africa’s richest man, Aliko Dangote, has pledged to support the construction of a new oil refinery in Tanzania. Aliko Dangote has pledged support for building a new oil refinery in Tanzania’s port city of Tanga, aiming to reduce Africa’s reliance on Middle East fuel imports. The refinery will process crude from regional producers and be…
Foreign investors are returning to Nigeria’s stock market after months of caution, driven by improving currency conditions and a broader rally in equities. Foreign investors more than doubled their activity in Nigeria’s stock market in March 2026. Improved foreign exchange conditions and cheaper valuations are drawing global funds back. Local investors still dominate, accounting for…
Globeleq is planning to develop a 250-megawatt solar and battery hybrid power project in Zambia, with completion targeted for 2029. Globeleq plans to build a 250-megawatt solar and battery hybrid power project in Zambia, aiming for completion in 2029. The project includes a 150-megawatt battery system that can provide up to four hours of storage.…
Nigeria’s biggest listed companies have climbed to a record N54.3 trillion in combined market value, or about $40.2 billion, as investors pour money into blue-chip stocks amid hopes of stronger foreign participation and improving economic reforms. Nigeria’s top-tier stocks hit a record N54.3 trillion ($40.2 billion), led by MTN Nigeria, Dangote Cement and major banks.…
Africa is rapidly scaling up solar power, importing record volumes of Chinese panels in 2025 as falling prices and global trade shifts redirect supply toward the continent. Africa imported a record 18.8 GW of Chinese solar panels in 2025. That’s a 48% jump as China redirects supply away from Western markets. Egypt and Algeria led…
In the second week of March, Africa’s second richest man, Johann Rupert, through Remgro, his investment firm, sold 52 million shares (worth a little over $200 million) in one of Africa’s largest listed financial services groups, FirstRand. Johann Rupert’s investment firm, Remgro, sold its remaining shares in FirstRand, divesting a non-core asset worth over $218…
