Tony Elumelu, a renowned Nigerian billionaire and business leader, has been appointed to the International Monetary Fund’s (IMF) Advisory Council on Entrepreneurship and Growth. Tony Elumelu appointed to IMF’s Advisory Council on Entrepreneurship and Growth Council’s mission is to promote resource allocation, innovation, and sustainable private sector-led economic growth Elumelu’s appointment solidifies his influence in…
Russia’s largest automaker, AvtoVAZ is making a significant move into the Nigerian market as plans for a local assembly plant gain momentum. Russia’s largest automaker, plans to establish a car assembly plant, spare parts hub and service center in Nigeria AvtoVAZ’s entry into the Nigerian market aims to offer affordable, locally assembled vehicles to compete…
The world’s top healthcare systems continue to set benchmarks in efficiency, accessibility, and innovation. Top healthcare systems in 2024 set benchmarks in efficiency, accessibility, and innovation African nations face unique healthcare challenges and can learn from top-performing countries Investing in modern hospitals, healthcare centers, and efficient supply chains is critical for African countries According to…
Similar to its last update, the report by the Organization of the Petroleum Exporting Countries (OPEC), showed that Nigeria produced the most oil in Africa, for the month of February. Business Insider Africa presents the top 5 African countries that produced the most oil for global consumption in February 2025. This list is courtesy of…
Ghana’s total public debt declined by GH¢15.8 billion in December 2024, bringing the total debt stock to GH¢726.7 billion, according to the Bank of Ghana’s March 2025 Summary of Financial and Economic Data. Ghana’s total public debt decreased by GH¢15.8 billion in December 2024 Total debt stock was GH¢726.7 billion, equivalent to 61.8% of GDP…
For many African countries, currency value decline is a recurring problem that reflects underlying economic weaknesses including excessive reliance on imports, high inflation, unstable political environments, and unmanageable debt levels. Business Insider Africa presents the top 10 African countries with the weakest currencies in March 2025. This list is courtesy of the Forbes currency calculator.…
According to data from U.S. Foreign Assistance, in 2024, Rwanda received around $162 million in total U.S. funding, the 23rd highest funds received by an African country. In 2024, Rwanda received $162 million in total US funding, ranking 23rd highest in Africa. The funds were used for health, administrative duties, education, and agriculture. US disbursements…
MTN Group’s South African unit and U.S.-based low-Earth orbit (LEO) satellite provider Lynk Global announced that they have successfully made Africa’s first phone call via satellite. MTN Group’s South African unit and Lynk Global successfully made Africa’s first phone call via satellite. The breakthrough could help extend mobile coverage to underserved and rural areas. Satellite…
At least six people lost their lives when the “Sindbad” viewing submarine, carrying tourists, sank off the coast of Hurghada, a resort on Egypt’s Red Sea. The “Sindbad” viewing submarine sank off the coast of Hurghada, Egypt, resulting in at least six fatalities. The submarine had 50 people onboard, including tourists from Russia, India, Norway,…
