The tone of Nigeria’s debt conversation in less than a month has pivoted from jubilant to concerned, owing to the intent of President Bola Tinubu to borrow more money, despite recently clearing its IMF debts. President Bola Tinubu proposes additional borrowing to finance key sectors including infrastructure, agriculture, and healthcare. The new loan could potentially…
Egypt’s economic challenges are seemingly being mitigated per the International Monetary Fund (IMF), as it only needs to widen its tax base to completely recover from one of its worst economic hits in recent history. Egypt faces ongoing economic challenges but has made strides in stabilizing its macroeconomy, according to the IMF. The IMF conducted…
The United States is reviewing the future of its military command for Africa, according to the top U.S. general for the continent, The United States is evaluating the future structure and role of AFRICOM, its military command for Africa, amid discussions on potential changes. General Michael Langley emphasized the significance of African governments voicing their…
South African President Cyril Ramaphosa says his plan to boost the economy by launching major construction projects has attracted a record 238 billion rand (about $13.3 billion) in investment. South African President Cyril Ramaphosa announced a record investment of 238 billion rand aimed at major construction projects to boost the economy. The planned projects cover…
Oil shipping routes are vital arteries of the global energy trade, linking major production centers to key consumption markets worldwide. Business Insider Africa presents the 10 most important crude oil shipping routes The list is courtesy of Marine Insights The Middle East is the largest oil-exporting region, with shipments reaching Europe, Asia, and the Americas.…
A high-level Ethiopian delegation led by Chief of the General Staff Field Marshal Birhanu Jula Gelalcha met with senior Russian defense officials led by Deputy Defense Minister Alexander Fomin in Moscow, demonstrating the expanding strategic ties between Russia and Ethiopia. Ethiopian military officials held discussions with Russian counterparts in Moscow to strengthen bilateral military ties.…
Given that the world economy still seems volatile, African countries must begin to understand the importance of strong currencies as vital instruments for long-term economic growth and resilience, as well as symbols of national pride. Business Insider Africa presents the top 10 African countries with the strongest currencies in May 2025. This list is courtesy…
Three African countries – Uganda, South Sudan, and the Central African Republic (CAR) have embarked on a landmark infrastructure initiative with the launch of a 1,800-kilometre regional road project aimed at enhancing trade, connectivity, and economic integration across East and Central Africa. Three African nations—Uganda, South Sudan, and the Central African Republic—are collaborating on an…
Ghana has temporarily closed its embassy in Washington, D.C. and recalled all foreign affairs staff amid an investigation into an alleged visa fraud scandal. Ghana temporarily closed its embassy in Washington, D.C. amid a visa fraud scandal. The scandal involved unauthorized links redirecting applicants to a private company for additional charges. All foreign ministry officials…
