Zambia has signed a landmark agreement to develop a $1.1 billion crude oil refinery and energy complex in Ndola, located in the country’s copperbelt region. Zambia signed a $1.1 billion agreement to develop a crude oil refinery and energy complex in Ndola. The facility will process up to 60,000 barrels per day, meeting domestic fuel…
Countries with substantial foreign exchange and gold reserves are better positioned to preserve stability and safeguard their national interests at a period of rising economic instability, geopolitical tensions, and volatile commodities markets. Business Insider Africa presents the top 10 countries with the highest reserves of foreign exchange and gold 2025. This list is courtesy of…
The African Development Bank (AfDB) has approved a €100 million ($116.4 million) loan to support sustainable agriculture initiatives in Morocco. The African Development Bank approved a €100 million loan to support sustainable agriculture in Morocco. The initiative focuses on empowering women and young people while enhancing food security and resilience. AfDB and Morocco maintain a…
The United States has continued to emphasize its focus on internal security and the protection of its citizens by issuing travel advisory to Americans planning to visit several countries—many of them in Africa. The United States has issued travel advisories for certain countries focusing on citizens’ safety. As of July 2025, 12 African nations have…
Mozambique is preparing for a significant economic transformation as two key energy projects gets the necessary push. On one hand, TotalEnergies is back on its $20 billion LNG project in the country, and on the other, the World Bank has agreed to support a $5 billion dam project. Mozambique is advancing two major energy projects:…
Some indigenous plants in Kenya, which were once thought useless and flagged as mere weeds have now become very relevant food sources across the entire country. Indigenous plants in Kenya, once considered weeds, are now popular food sources offering health benefits. Known as kienyeji, these crops are sought after and have become profitable for restaurants.…
The long-standing tensions between Ethiopia and Egypt over the Grand Ethiopian Renaissance Dam (GERD) escalated recently following remarks by U.S. President Donald Trump that many Ethiopians have condemned as inflammatory and one-sided. Tensions between Ethiopia and Egypt regarding the Grand Ethiopian Renaissance Dam (GERD) have intensified recently. Remarks by former U.S. President Trump favoring Egypt’s…
Rwanda has officially joined the United States’ growing list of countries flagged under travel advisories, a move that marks a significant shift in the international perception of one of East Africa’s most celebrated tourism destinations. Rwanda has been added to the U.S. travel advisory list with a Level 2 warning due to border tensions with…
Ten African fintech companies have been named among the world’s top 300 Fintechs in 2025 by CNBC and Statista highlighting the continent’s growing influence in global financial innovation, despite a decline in global investment. Ten African fintech companies are recognized among the world’s top 300 fintechs in 2025 Highlighted categories include digital payments, assets, banking,…
