Africa’s complex security landscape, marked by internal conflicts, terrorism, and insurgency, necessitates a strategic rethink of defense budgets. Business Insider Africa presents the top 10 African countries with the highest defense budget in 2025 The list is courtesy of Global Firepower Countries like Egypt, Algeria, and Morocco have high defense budgets to focus on advanced…
Steve Bannon, the former chief strategist for Donald Trump, has publicly criticised Elon Musk over his influence in U.S. politics, suggesting he should “go back to South Africa.” Steve Bannon has criticized Elon Musk over his influence in U.S. politics Bannon accused Musk of promoting ‘techno-feudalism’ and favoring Silicon Valley founders over American workers Bannon…
Major firms in Nigeria have dumped the nation’s power-generating companies over the constant power outages associated with the national grid. Major firms in Nigeria have abandoned their power distribution companies due to constant power outages The recurring grid collapses are attributed to ageing facilities, lack of maintenance, and vandalization of power facilities Dangote Industries, 249…
Some of Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Zenith Bank topped other banks with a market value of N1.47 trillion and shares valued at N46.85. Guaranty Trust Holding Company PLC recorded a market cap of…
While 2025 is still very early, so far there hasn’t been much positive movement in the fortunes of Africa’s richest billionaires. Positive movement in the fortunes of Africa’s richest billionaires remains scarce. Only four of the 10 richest people on Bloomberg’s billionaire index have a positive year-to-date change. African billionaires on the daily index have…
Egypt, Algeria, and Angola have maintained their rankings, each making additions to their military aircraft fleets. Egypt expanded its fleet by 13 aircraft, Algeria by 3, and Angola by 1. Business Insider Africa presents 10 African countries with the largest military aircraft fleet in 2025. Egypt is the most formidable military air fleet on the…
The aviation industry continues to prioritize airline safety, emphasizing its commitment to protecting the lives of passengers, crew, and cargo. Business Insider Africa presents the world’s top 10 safest airlines in 2025 The ranking is courtesy of AirlineRatings Recent tragic incidents, including fatal crashes in December 2024, have raised public concern and intensified scrutiny of…
The U.S., the largest economy globally, showcases unparalleled industrial prowess, diversified sectors, and global reach. In contrast, Africa’s economies, while collectively significant, vary widely in size and development. Business Insider Africa presents how U.S. state GDPs compare to 10 wealthiest African countries. California’s $3.9 trillion economy—the largest of any U.S. state—not only dwarfs every African…
Fuel price in Africa may increase in the coming days owing to a spike in the cost of Brent, the global benchmark for crude. Fuel prices in Africa may increase due to a spike in the cost of Brent, the global benchmark for crude. New sanctions on Russian oil producers by the American president, Joe…
