Uganda has implemented its steepest power price cut in two decades, driven partly by a strengthening currency that has lowered the cost of imported fuel and power plant components. Uganda implements steepest power price cut in two decades. Electricity tariffs reduced by an average of 14% for the quarter ending June 30. Ugandan shilling appreciated…
Recent data from the Bank of Ghana reveals that the total value of mobile money transactions in Ghana surged to GH₵649.2 billion within the first two months of 2025, marking a substantial 64.7% year-on-year increase. Total value of mobile money transactions in Ghana surged to GH₵649.2 billion in the first two months of 2025, a…
In the ever-changing face of global geopolitics, the G20 countries’ impact in Africa continues to get major attention. Business Insider Africa presents the top 10 G20 countries with the largest influence in Africa. This list is courtesy of the Geopolitical Influence and Peace Report. China ranks number 1 on the list. The G20, which includes…
Nigeria is set to receive a fresh $632 million loan from the World Bank, despite growing concerns over its rising debt profile. Nigeria is set to receive a $632 million loan from the World Bank for economic reforms and development projects The loan is aimed at supporting projects such as Accelerating Nutrition Results and HOPE…
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…
