For African countries with hydrocarbon resources, a high rig count, the number of active drilling rigs operating for oil and gas, can be a potent indicator of development and opportunity. Business Insider Africa presents the top 5 OPEC African countries with the most active drilling rigs. This list is courtesy of the OPEC month oil…
Nigeria’s debt servicing is projected to spike during the year, despite confidence in policies implemented in 2023. Nigeria’s debt servicing is projected to spike in 2025. Fitch Ratings expresses confidence in Nigeria’s economy despite the debt servicing increase. Fitch highlights Nigeria’s commitment to policy measures like currency rate liberalization and monetary policy tightening. Fitch Ratings…
Early-stage funding in Africa was a key topic of discussion at GITEX Africa 2025, as leading investors gathered to address the capital crunch threatening the continent’s next unicorns. One of the standout sessions, titled “The Early-Stage Capital Crunch: Who’s Funding Africa’s Next Unicorns?”, addressed one of the ecosystem’s most pressing challenges—the battle for early-stage funding…
According to the OPEC Secretariat statistics, the price of the OPEC basket of twelve crudes, made up of several African countries was $66,35 per barrel on Friday, up from $66,41 the day before. Price of OPEC basket of twelve crudes was $66.35 per barrel on Friday. Global crude prices have significantly dropped due to recent…
Lesotho has officially granted Elon Musk’s Starlink a license to operate its satellite network and offer satellite internet services in the country. Lesotho grants Starlink a 10-year license to operate its satellite network and offer internet services. Starlink has expanded operations to at least 18 African nations since launching in Nigeria in January 2023. Starlink’s…
Ghana has ordered all foreign nationals currently trading in the country’s local gold market to exit its gold trading market by exit by April 30. Ghana orders foreign nationals to exit the local gold trading market by April 30, 2025. Enforcement of the new Ghana Gold Board Act aims to reform gold sourcing, boost revenue,…
South Africa has appointed a special envoy to the United States in an effort to ease ongoing diplomatic tensions between the two countries. South Africa appoints special envoy to the United States, Mcebisi Jonas, to ease diplomatic tensions Tensions between the two countries have included expulsions of envoys, tariffs, and trade disruptions The move is…
Multiple rocket launchers rarely command attention in discussions about Africa’s military capabilities. Conversations tend to centre around drones, AK-47s, and armoured vehicles. Business Insider Africa presents the top 10 African countries with the most rocket projectors in 2025. The list is courtesy of Global Firepower. Egypt has the largest number of multiple-launch rocket systems (MLRS)…
The West African Bar Association (WABA) has issued a strong condemnation of the worsening human rights situation and disregard for the rule of law in Guinea-Bissau. The West African Bar Association (WABA) condemned the human rights situation and rule of law in Guinea-Bissau President Umaro Sissocó Embaló accused of eroding judicial independence and suppressing dissent…
