Ethiopia has formally opened its banking sector to international investors for the first time, marking the most major change to its financial system in decades. Ethiopia opened its banking sector to international investors, marking a historic change in its financial policy. The National Bank of Ethiopia established Directive SBB/94/2025 to regulate foreign participation in the…
Ghana accounted for nearly 6% of total intra-African trade in 2024, reinforcing its status as one of the continent’s leading trading economies. Ghana achieved nearly 6% of total intra-African trade in 2024, highlighting its trading economy’s prominence. Ghana’s exports to African nations increased to $4.8 billion in 2024, reflecting a 17% year-on-year growth in its…
Sudan ranks as the least peaceful country in Africa and the third least peaceful globally. In Sub-Saharan Africa, the average peacefulness also declined by 0.17% over the past year. Business Insider Africa presents the 10 least peaceful African countries in 2025, according to latest ranking. The list is courtesy of Global Peace Index. Sudan ranks…
One major metric used to evaluate the strength of a country’s economy is the size of the gross domestic product (GDP), which is defined as the combined value of all goods and services produced within a country in a year. Business Insider Africa presents the top 10 largest economies in the world and their major…
Economic sanctions are used by governments and multinationals to influence state and non-state actors, deterring decisions that threaten global interests or violate international norms Business Insider Africa presents the top 10 African nations with the most international sanctions. The list is courtesy data from the Council of Foreign Relations Most targeted sanctions on African nations…
In a global climate characterized by financial distress and fiscal imbalances, some African countries that have managed to restrict general government debt growth to manageable levels are increasingly standing out. Business Insider Africa presents the top 10 African countries with the lowest leap in government debt from 2024 to 2025. This list is courtesy of…
The African Development Bank has approved a $500,000 grant to support a feasibility study for the Kigali Urban Cable Car Project, a first-of-its-kind aerial urban transit system in sub-Saharan Africa. The African Development Bank approved a $500,000 grant to support a feasibility study for the Kigali Urban Cable Car Project. The project, featuring a 5.5…
The Egyptian Natural Gas Holding Company (EGAS) has awarded six new exploration blocks to a group of international companies. The Egyptian Natural Gas Holding Company (EGAS) allocated six new exploration blocks to international firms. These include four offshore blocks in the Mediterranean and two onshore blocks in the Nile Delta and North Sinai. The awarded…
Ukraine is stepping up its engagement in West Africa with a new offer to provide military training to Mauritanian forces, in a move widely seen as a response to Russia’s expanding influence across the Sahel region. Ukraine proposes military training for Mauritanian forces to counter Russian influence in the Sahel region. This initiative highlights Kyiv’s…
