Kenya, seeking to ease strained public finances, is turning to its citizens abroad with plans to issue a diaspora bond worth between $250 million and $500 million. Kenya plans to issue a diaspora bond worth $250-$500 million to ease public financial stress. The government aims to raise $3.8 billion to fund infrastructural projects such as…
In today’s rapidly changing global economy, where political shifts, tax reforms, and economic uncertainties can impact personal wealth, the choice of where to live has become increasingly important. The 2025 Global Cities Report highlights cities excelling in tax efficiency, wealth preservation, and sustainable living. Three key indices shape the rankings: Tax-Friendly Cities, Wealth Preservation Cities,…
South Africa’s Black ownership requirements for telecom carriers have been publicly questioned by Elon Musk’s SpaceX, which suggests that the nation implement an alternative equity-equivalent scheme for new businesses. Elon Musk’s SpaceX has questioned South Africa’s Black ownership requirements for the telecom industry, proposing alternative equity-equivalent schemes. SpaceX has suggested investment-based programs that provide regulatory…
The United States has commended the Nigerian government and its security forces following the arrest of two high-profile terrorists linked to the al-Qaeda affiliated group, Ansaru. The U.S. commended Nigeria for arresting two Ansaru leaders tied to al-Qaeda. The arrests are considered progress in combating terrorism and contributing to regional stability. U.S.-Nigeria collaboration remains crucial…
The United States Mission in Nigeria has announced that visa applicants are now required to disclose all social media usernames and handles used in the past five years as part of the DS-160 visa application process. The United States now requires visa applicants to list all social media handles used in the past five years…
South Africa and Morocco remain Africa’s top vehicle producers, according to the International Organisation of Motor Vehicle Manufacturers. South Africa and Morocco remain the leading automotive producers in Africa, with 599,755 and 559,645 vehicles produced, respectively, in 2024. South Africa’s production saw a 5% year-on-year decline, ranking it 20th globally, while Morocco achieved a 5%…
Throughout Africa, the cost of fuel is one of the most powerful influences determining everyday living and economic reality. When petrol costs rise, it has an immediate and far-reaching impact on consumers, companies, and governments alike. Business Insider Africa presents the 10 African countries with the highest fuel prices in August 2025. This list is…
France has condemned Mali over the arrest of one of its embassy staff in Bamako, firmly rejecting accusations that he was involved in an alleged coup plot to destabilise the country. France condemned Mali over the detention of Yann Vezilier, a French diplomat, rejecting accusations of destabilization activities. French authorities insist the charges against the…
The highly anticipated deployment of 4,000 trucks fueled by compressed natural gas (CNG) at the Dangote Petroleum Refinery was derailed on Friday due to glitches with Chinese logistics that affected supply schedules. The Dangote Petroleum Refinery plans to deploy a fleet of 4,000 compressed natural gas (CNG) trucks to enhance its supply chain efficiency. Delays…
