Oil has long been one of Africa’s most powerful economic assets. In Africa, Libya holds the largest proven oil reserves, estimated at 48.4 billion barrels, ranking ninth globally, according to the latest Global Firepower report. Business Insider Africa presents the top 10 African countries with the largest proven oil reserves in 2026. The list is…
As 2026 reaches its second month, military events continue to dominate headlines, looming as an unsettling factor that influences state sovereignty, economic confidence, and political stability throughout Africa. Military events prominently influence African countries’ sovereignty, political stability, and economic conditions as of early 2026. The strength and presence of a capable military are significant topics…
Three African countries which include Angola, Namibia, and the Democratic Republic of Congo (DRC) have agreed to deportation deals to take back foreign offenders and illegal migrants from the United Kingdom following threats of visa penalties. Angola, Namibia, and the Democratic Republic of Congo (DRC) have agreed to accept back their nationals who are illegal…
The state-owned mining outfit, Mutapa Platinum Group, in Zimbabwe, is actively seeking mining partners to facilitate the development of its $500 million platinum mine. Zimbabwe’s Mutapa Platinum Group has announced plans to develop a $500 million platinum mine in Darwendale, aiming to commence operations by the year’s Q1 end. The region, located in Mashonaland West,…
Ghana has pledged to import petroleum products from Nigeria’s Dangote Petroleum Refinery in Lagos, citing the limited capacity of its own refineries. Ghana has announced a plan to import petroleum products from Nigeria’s Dangote Petroleum Refinery, fostering increased intra-African energy trade. The Dangote Refinery, Africa’s largest with a 650,000 barrels-per-day capacity, has sufficient abilities to…
Ghana and Zambia have signed a landmark visa waiver agreement that will allow citizens of both countries to travel between the two nations without the need for visas, a move officials say will deepen people-to-people ties and unlock new economic opportunities. Ghana and Zambia signed a visa waiver agreement enabling citizens of either country to…
The Nigerian government has clarified reports around the presence of United States military personnel in Nigeria, emphasising they are non-combat advisers providing intelligence and training support at Abuja’s request as the country battles multiple security threats. The United States has deployed a team of military advisers to Nigeria at the request of the Nigerian government.…
South Africa, Africa’s richest country by GDP and home to the continent’s largest number of high-net-worth individuals, faces severe income inequality. South Africa is the richest African country by GDP, estimated at $410 billion in 2025. The country has the highest concentration of wealthy individuals in Africa, including 41,100 millionaires and eight billionaires. Despite wealth,…
Africa’s militaries may not match the global giants, but the continent quietly maintains a presence in strategic naval power, especially through submarines. On the continent, Egypt holds the lead with eight submarines, the largest fleet in Africa Business Insider Africa presents the African countries with the most submarines in 2026. The list is courtesy of…
