Ghana is projected to end 2025 with inflation falling into single digits, potentially dropping below the Bank of Ghana’s revised year-end target of 12%, according to Deloitte’s latest West Africa Inflation Update. Ghana’s inflation rate projected to fall below the Bank of Ghana’s year-end target by 2025. Sustained disinflationary trends may lead to interest rate…
A nation’s gold and foreign exchange reserves are more than just accounting numbers in the linked global economy of today; they are a crucial indicator of its strategic capacity and economic resilience. Business Insider Africa presents the top 10 countries with the lowest reserves of foreign exchange and gold 2025. This list is courtesy of…
In Time Out’s newly released list of the 20 best cities for nightlife around the world, four African cities earned well-deserved spots. Business Insider Africa presents the African cities ranked among world’s 20 best for nightlife. The list is courtesy of TimeOut. Cape Town leads Africa’s nightlife contenders. In some African cities, sundown signals the…
The Southern African country of Namibia, under its relatively new administration, led by the country’s first female president Netumbo Nandi-Ndaitwah, has initiated plans to regain its status as an upper-middle-income country. Namibia, under President Netumbo Nandi-Ndaitwah, is working to regain upper-middle-income status after being downgraded to lower-middle-income by the World Bank. The government targets 7%…
The UK government has unveiled details of its planned 40% reduction in foreign aid, with bilateral support for children’s education and women’s health in Africa among the hardest hit. The UK government announced a 40% reduction in its foreign aid budget, significantly affecting African education and health initiatives. Allocations for corruption, media freedom, trade, and…
Africa’s richest man, Aliko Dangote, has raised concerns over the growing influence of black market fuel cartels operating in offshore waters across Africa and their destabilising impact on refinery development in the region. Aliko Dangote raised alarm over black market fuel cartels undermining local refinery development in Africa. At a conference, he discussed manipulation of…
As of mid-2025, visa-free entry remains a major hurdle in parts of Africa, with several countries maintaining restrictive policies that limit access for foreign nationals. Business Insider Africa presents the 10 least open African countries The list is courtesy of The Henley Openness Index Countries such as Equatorial Guinea, Eritrea, and Libya rank among Africa’s…
The United States exported more crude oil to Nigeria than it imported in February and March 2024. The U.S. exported more crude oil to Nigeria than it imported in February and March 2024 for the first time. This trade reversal was influenced by reduced U.S. East Coast refinery demand and Nigeria’s operational Dangote refinery. The…
Junta-led Mali is courting U.S. investment and backing in its fight against Islamist insurgents, as it works to strengthen a regional bloc of military-led governments in West Africa. Mali’s junta government is seeking U.S. support in combating Islamist insurgents and fostering economic cooperation. U.S. officials, including Deputy Assistant Secretary William Stevens, met with Malian Foreign…
