The military-led alliance of Sahel states has imposed a 0.5% import duty on goods from ECOWAS nations, marking a significant escalation in the ongoing tensions between the two blocs. Sahel alliance imposes 0.5% import duty on ECOWAS goods This marks the end of free trade across West Africa and highlights a growing rift between Sahel…
The continent has the highest average Brand Strength score globally, at 80.21, meaning African banking brands typically score AAA. Business Insider Africa presents the top 5 African banks with the biggest brand value. The list is courtesy of Brand Finance. African bank brands generated $15.2 billion in new value, highlighting the sector’s strength and growing…
A UAE-backed company has secured a major contract to build Uganda’s first crude oil refinery, a 60,000-barrel-per-day (BPD) facility, marking a significant milestone in the country’s energy sector. UAE-backed company secures contract to build Uganda’s first crude oil refinery The refinery is located in Kabaale, Hoima District, with a capacity of 60,000 barrels per day…
Aliko Dangote, Africa’s richest man, has once again secured the top spot on Forbes’ list of African billionaires, reinforcing his dominance in the continent’s business landscape. Aliko Dangote remains Africa’s richest man, with a net worth of $23.9 billion Forbes 2025 African billionaire list shows combined fortunes of $105 billion for 22 billionaires South Africa…
Russian arms sales to African countries have risen significantly beyond those of other major arms suppliers, considering the activities of the Wagner group in Africa. Business Insider Africa presents the top 10 African countries that have bought the least weapons from Russia. This list is courtesy of the Grey Report. CAR and Guinea are the…
While many African countries struggle with high debt burdens to the International Monetary Fund (IMF), some countries have distinguished themselves by managing their debt loads effectively. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF in March 2025. This list is courtesy of data from the International Monetary…
Somalia is ready to grant the United States exclusive access to key air bases and ports, according to a letter from President Hassan Sheikh Mohamud to President Donald Trump. Somalia offers exclusive access to air bases in Balidogle and Berbera, as well as ports in Berbera and Bosaso to the United States. The offer aims…
Kenya has emerged as the largest importer of second-hand clothes in Africa, earning the unfortunate distinction of being an easy dumping ground for used apparel while struggling to revive its collapsed textile industry. Kenya is the largest importer of second-hand clothes in Africa, surpassing Nigeria Kenya imported second-hand clothes and textiles worth Sh38.5 billion in…
The global economy is significantly concentrated, with just three regions—North America, East Asia, and Europe—accounting for approximately 50% of the world’s Gross Domestic Product (GDP). North America, East Asia, and Europe account for 50% of the world’s GDP Africa lags behind in GDP contribution despite abundant resources and growing workforce Africa has the potential to…
