The cost of diesel has long dominated the rhythm of everyday life in many African countries from the price of food on market shelves to the cost of moving products over thousands of kilometers. Business Insider Africa, the top 10 African countries with the lowest diesel prices in July 2025. This list is courtesy of…
China’s push to globalize its currency, the yuan, is gaining traction in Africa, with the continent emerging as a strategic testing ground for Beijing’s broader de-dollarization ambitions. China is advancing the global use of its currency, the yuan, aiming for de-dollarization. The adoption of the yuan aligns with Africa’s shifts towards non-Western financial systems. Africa…
The Dangote Refinery recently held back its discounted fuel supply scheme, owing to a fresh racket uncovered within its distribution channel. Dangote Refinery halted its discounted fuel supply scheme due to distribution channel fraud. Affiliate marketers were found diverting subsidized products to unregistered third parties for profit. Discounted products were resold at higher market rates,…
France has formally dismissed its decades-long military presence in Senegal, handing over its last remaining military facility to local authorities during a ceremony on Thursday. France has formally ended its military presence in Senegal by transferring its last base to Senegalese authorities. The base handover occurred during a ceremony attended by high-ranking officials from both…
The Democratic Republic of Congo (DRC) has entered into a sponsorship agreement worth over €40 million ($46.4 million) with Spanish football club FC Barcelona. The Democratic Republic of Congo (DRC) has agreed on a €40 million sponsorship deal with FC Barcelona to promote tourism. The four-year campaign will showcase the slogan ‘The Heart of Africa’…
Burkina Faso’s ruling military junta has announced the dissolution of the country’s national electoral body, citing high operational costs and alleged foreign interference. Burkina Faso’s military junta dissolved the national electoral commission due to cost and foreign interference concerns. The electoral commission’s former responsibilities will be transferred to the Ministry of Interior under direct state…
Equity Group Holdings Plc, Kenya’s largest lender, plans to establish an office in the United Arab Emirates (UAE) in the fourth quarter of the year. Equity Group Holdings Plc plans to open a UAE office to capitalize on Middle East-Africa trade flows. The move follows similar expansions by other African finance institutions into the Middle…
Aliko Dangote, Africa’s richest man, has challenged the long-held claim that the country consumes 50 million litres of petrol daily, stating that real data shows the actual figure is closer to 33 million litres per day. Aliko Dangote contests Nigeria’s reported daily petrol consumption. Concerns have been raised about inaccuracies in fuel usage reporting linked…
The world’s oldest head of state, 92-year-old President Paul Biya of Cameroon, has carried out a major military reshuffle in what analysts describe as a strategic bid to consolidate loyalty ahead of a possible eighth-term run. Cameroon’s President Paul Biya initiated major military reshuffles amidst succession concerns. Changes include appointments in all branches of armed…
