Each year, the U.S. sends billions of dollars in foreign aid to promote global stability, national security, and economic interests. A big chunk of that money goes to Africa, funding programs that tackle health issues, food shortages, energy access, and economic growth. The U.S. State Department issued a ‘stop-work’ order on foreign assistance, halting existing…
Kenya’s escalating political tension has had a detrimental impact on its economy, prompting investors to withdraw their funds to mitigate potential losses. Escalating political tension in Kenya has caused foreign investors to withdraw a substantial amount of funds The stability of the Kenyan shilling failed to reassure investors, leading to a dramatic increase in capital…
Lakurawa is a new militant group which carries out attacks, targeting local communities in north-western Nigeria and across the border with Niger. A federal court in Nigeria has designated Lakurawa group as a terrorist organization. The military has been granted authority to deploy maximum force against the group in the northwest. Lakurawa carries out attacks…
In November 2024, Uganda disclosed that it was trying to ink a nuclear deal with Russia, given Russia’s nuclear expansion in Africa, in the last few years. Uganda is in talks with Russia to build a nuclear power plant. A memorandum of understanding for nuclear energy was signed between Uganda and Russian state enterprise Rosatom…
The Federal Government’s plans to restructure Value Added Tax (VAT) revenue-sharing in Nigeria have sparked both support and criticism. Plans to restructure VAT revenue-sharing in Nigeria has sparked both support and criticism The reform seeks to equitably distribute revenues and offer tax exemptions for small businesses and individuals Analysis shows significant disparities in the redistribution…
Gabon’s Council of Ministers announced on Wednesday that the country will hold presidential elections on April 12, 2025. There are concerns about the fairness of the election process, as an exception has been made for interim President General Brice Oligui Nguema to run for president. Gabon will hold presidential elections on April 12, 2025, ending…
Africa’s locally-made vehicle manufacturing industry is progressing, fueled by urbanization, a growing middle class, supportive policies, and expanded trade. Nigeria ventured into manufacturing military-grade vehicles through its Defense Industries Corporation (DICON) Nigeria has showcased military-grade vehicles to support the federal government’s efforts against insecurity Some indigenous companies – Imperium Industries, Proforce, Epail, and Innoson are…
In Africa, Egypt leads with 100 attack helicopters, ranking 7th globally. Following Egypt, Algeria comes in with 74 helicopters, placing it 9th globally. Business Insider Africa presents the top 5 African countries with the largest attack helicopters fleet in 2025. In Africa, Egypt leads the pack with 100 attack helicopters, ranking 7th globally. The list…
Nigerian-American billionaire Adebayo Ogunlesi recently experienced a significant spike in his net worth a few days after becoming a part of the Open AI team. Adebayo Ogunlesi’s net worth spiked from $1.7 billion to $2.3 billion after joining Open AI. His significant increase in wealth is attributed to his investment portfolio worth over $1.8 billion.…
