Not all economy class cabins are created equal. From luxurious legroom to gourmet meals, these airlines prove that flying in coach can still be a premium experience. Top airlines are improving their economy class with enhanced comfort and services. Singapore Airlines provides ergonomic seats, personalized meal options, and iconic cabin service. Economy class experiences now…
In a historic first, Cardinal Robert Francis Prevost, an American-Peruvian cleric, was elected the 267th Pope of the Roman Catholic Church. The announcement was made today in the Vatican following the conclusion of the conclave. He will be called Pope Leo XIV, making him the first American to hold this papal office. Cardinal Robert Francis…
Ghana has marked a major step in its efforts to revitalise domestic fuel production with the arrival of its first shipment of Angolan crude oil. Ghana received its first shipment of Angolan crude oil, marking a significant step in revitalizing domestic fuel production. Operational challenges at Sentuo were previously attributed to financial and political constraints,…
Mali owes over $94 million to the agency managing a key hydroelectric dam that also supplies power to Senegal and Mauritania. The funding shortfall threatens the continued operation of the dam, raising fears of worsening power outages in Mali. As of 2021, only 53% of Malians had access to electricity, according to the World Bank.…
In Africa, a handful of countries split their functions across multiple capital cities for political, historical, or economic reasons. Business Insider Africa presents the African countries with multiple capital cities South Africa has three capital cities. A handful of countries split their capital functions across multiple cities for political, historical, or economic reasons. It might…
Tanzania has formally prohibited the use of foreign currencies, including the US dollar, for all domestic transactions. Tanzania has banned the use of foreign currencies for domestic transactions, requiring payments to be made in Tanzanian Shillings (TZS). The policy aims to reinforce the national currency, improve monetary policy, and protect foreign reserves amid TZS depreciation.…
Turkey has made a significant breakthrough in its energy exploration efforts in East Africa, announcing that two of the three oil blocks it operates in the region have yielded commercially viable reserves. Turkey discovered commercially viable crude oil reserves in East Africa, estimated at 20 billion barrels. Concern rises over Somalia’s limited revenue and lack…
According to a recent survey, Kenyans are reporting less crime to the police, highlighting a significant disconnect between the people and the law. Kenyans reported less crime in 2024 to the police than it did the year before. Kenya experienced a 3.5% drop in reported crimes, reaching 101,200 cases, and a 10.8% decrease in child…
A Congolese delegation led by the Congo Republic’s president, Sassou-Nguesso, met with Russian counterpart Vladimir Putin and his team to discuss the relationship between their countries. The Congolese president Sassou-Nguesso met with Russian President Vladimir Putin to discuss bilateral relations between their nations. The meeting coincided with Russia’s Victory Day commemorations, honoring their collaboration during…
Often described as the “nerves” of an economy, roads are far more than stretches of tarmac—they are critical enablers of commerce, connectivity and national development. Roads are vital for economic growth, enabling the movement of people, goods, and services, and forming the backbone of daily life and commerce. Over 80% of goods and 90% of…
Railways are one of the most economical ways to carry large amounts of commodities across vast distances, including within the continent of Africa. While some African countries boast extensive railway coverage, others don’t. Business Insider Africa presents the top 10 African countries with the fewest train tracks. This list is courtesy of Global Firepower. Several…
The administration of former U.S. President Donald Trump may begin deporting migrants to Libya for the first time this week. The Trump administration is considering deporting migrants to Libya for the first time, signaling a shift in immigration policy. Libya, a Mediterranean transit hub, is one of the distant nations the U.S. has approached for…
These airports are no longer just transit points—they are luxury destinations in their own right, turning mundane layovers into opulent experiences that travellers might not want to end. Some airports worldwide are transforming layovers into luxury experiences with amenities like rooftop pools, spas, and designer shopping. Dubai International Airport leads global rankings with features like…
Gross Domestic Product (GDP) is a key indicator of a country’s economic health, especially when considered as a measure of its compound annual growth rate. Business Insider Africa presents the top 10 African countries with the highest GDP growth rate in the last decade. This list is courtesy of World Economics. Libya ranks number 1…
ExxonMobil has announced plans to invest $1.5 billion to revive deepwater oil operations in Nigeria, the country’s oil regulator said. ExxonMobil plans to invest $1.5 billion to revive deepwater oil operations at Nigeria’s Usan oilfield in OML 138, part of the Niger Delta. The investment aims to boost crude oil production under Nigeria’s ‘Project 1…
The U.S. National Transportation Safety Board (NTSB), the federal agency responsible for investigating civil transportation accidents, has released its report on the helicopter crash that claimed the lives of Nigerian billionaire Herbert Wigwe, his family, and others. The NTSB released findings on a helicopter crash that killed Nigerian billionaire Herbert Wigwe, his family, and others…
Airfares within the West African sub-region remain the most expensive in the world, according to Mr Sédiko Douka, ECOWAS Commissioner for Infrastructure, Energy and Digitalisation. He also highlighted that air travel within West Africa accounts for less than 10% of the region’s transport activity—making it the lowest globally. Airfares within West Africa are the most…
A wave of concern is sweeping parts of the Catholic world following reports that one of Africa’s most senior cardinals may miss the next papal election. Kenyan Cardinal John Njue is expected to miss the upcoming papal conclave due to health concerns, as clarified by the Archdiocese of Nairobi. Cardinal Njue’s absence has sparked debate…
China has significantly expanded its military presence and influence in Africa over the past two decades, and has recently signed a deal to establish a military hardware production facility in Nigeria, further strengthening its strategic ties with the continent. China has signed a deal with Nigeria to establish a military hardware production facility, boosting its…
Egypt and China have wrapped up a joint air force exercise, “Eagles of Civilization 2025”, a drill that carries both strategic weight and symbolic meaning for both countries. Egypt and China conducted a joint air force exercise, ‘Eagles of Civilization 2025’, showcasing increasing military cooperation. Egypt is Africa’s strongest military power, and its partnership with…
Ghana’s banking sector continues to grapple with a growing wave of fraudulent activity, with 155 employees dismissed in 2024 for their involvement in fraud. Ghana’s banking sector saw 155 employees dismissed in 2024 for fraud, part of 365 staff implicated overall. Fraud cases in banks and SDIs rose by 5%, from 15,865 incidents in 2023…
When the Consumer Price Index (CPI) sees a significant shift, notably an increase, it causes ripples throughout a country’s economy. For African countries, much like everywhere else, this inevitably affects the cost of goods and services. Business Insider Africa presents the top 10 African countries with the highest cost of goods and services in 2025.…
As a result of the United Arab Emirates’ alleged support for the Rapid Support Forces, Sudan has said it would cut ties with the Middle Eastern country. Sudan announced it would cut ties with the UAE over allegations of support for the Rapid Support Forces (RSF). The RSF, formed in 2013, is a powerful paramilitary…
The governments of Ghana and Algeria have signed a landmark visa-free agreement aimed at strengthening bilateral ties and enhancing cooperation between the two countries. Ghana and Algeria signed a visa waiver agreement to allow visa-free travel between the two countries. This deal aims to renew the longstanding ties between Ghana and Algeria dating back to…
Nigeria has officially secured full membership in the Asian Infrastructure Investment Bank (AIIB), following approval by the Federal Executive Council (FEC) in Abuja. Nigeria has secured full membership in the Asian Infrastructure Investment Bank (AIIB) The membership allows Nigeria to access global infrastructure financing and diversify its development funding sources. The AIIB, headquartered in Asia,…
Canadian miner Fortuna Mining is shifting its focus to Guinea, marking a strategic realignment in West Africa following its exit from Burkina Faso. Fortuna Mining is shifting its focus to Guinea after exiting Burkina Faso due to security risks and regulatory changes. The company is exploring opportunities in Guinea’s gold sector through site visits and…
The UK government is set to tighten visa rules for nationals from countries deemed high-risk for overstaying or making asylum claims. The UK government plans to tighten visa rules for nationals from high-risk countries to curb asylum claims. The move aims to prevent abuse of work and study visas, which are viewed as potential entry…
Africa’s richest man, Aliko Dangote, is expanding his agro-industrial empire into Ghana with the launch of a massive sugar refinery project in Kwame-Danso, Bono East Region. This will enable the country to drastically reduce its sugar import costs and promote local industrial growth. Aliko Dangote is launching a massive sugar refinery project in Ghana’s Bono…
What began as a cause for celebration in Nigeria has turned into one of the most shocking scandals in the country’s oil sector. The rehabilitation of the country’s refineries, intended to make Nigeria’s oil market competitive, has failed to fully materialize. Rehabilitation of Nigerian refineries has turned into a shocking scandal. Passports of officials accused…
The Togolese leader, Faure Gnassingbé, has been appointed to the newly created role of President of the Council of Ministers, a powerful post with no term limits. Faure Gnassingbé has been appointed as President of the Council of Ministers with no term limits. Opposition denounces the move as a ‘constitutional coup’ to allow indefinite stay…
South African gold miner Gold Fields, via its subsidiary Gruyere Holdings, has announced plans to acquire Gold Road Resources in an enhanced deal that values the Australian gold miner’s equity at A$3.7 billion (US$2.39 billion). Gold Fields plans to acquire Gold Road Resources in a deal worth A$3.7 billion. Acquisition will give Gold Fields full…
Infrastructure is frequently regarded as the foundation of sustainable development, regional integration, and economic progress in the twenty-first century, and rail networks have become a part of this essential infrastructure. Business Insider Africa presents the top 10 African countries with the most train tracks. This list is courtesy of Global Firepower. South Africa ranks number…
The latest global health data has revealed the countries with the highest infant mortality rates, shedding light on critical gaps in healthcare access, sanitation, nutrition, and maternal support. Infant mortality rates reveal critical gaps in healthcare access, sanitation, and nutrition Afghanistan has the highest infant mortality rate of 103.1 per 1,000 live births Most countries…
Protests have erupted at Moroccan ports as activists voice opposition to the country’s normalization of relations with Israel and the docking of military cargo ships reportedly bound for the Israeli military. Protests at Moroccan ports against normalization of relations with Israel Demonstrators targeting U.S. cargo ships carrying military components to Israel Calls to block shipments…
Ugandan security forces have arrested Derrick Memory, a 30-year-old resident of Rukarara village in Kanungu District, in connection with the 2019 kidnapping of American tourist Kimberly Sue Endicott and her guide, Jean-Paul Mirenge Remezo. Derrick Memory, a resident of Rukarara village, was arrested in connection with the 2019 kidnapping of an American tourist and her…
SpaceX CEO Elon Musk announced on Sunday via X that the company’s satellite internet service, Starlink, is now operational in the Democratic Republic of Congo. Starlink, SpaceX’s satellite internet service, is now operational in the Democratic Republic of Congo. The Congolese government reversed an earlier ban and granted Starlink a license, making DRC the latest…
At an investment event in Nigeria’s commercial hub, Lagos, Africa’s richest man, Aliko Dangote, did not mince words, as he noted that the Dangote refinery’s fight against the cabal is still ongoing. Aliko Dangote is still in a fight with the cabal in Nigeria’s oil importation system. Dangote accuses the group of funding resistance to…
In a dramatic scene resembling a famous episode from the past, Kenya’s President William Ruto recently had a shoe tossed at him while addressing the dissatisfaction over rising living costs. Kenya’s President William Ruto had a shoe thrown at him during a speech about rising living costs. The incident was reminiscent of a similar shoe-throwing…
South Sudan has resumed crude oil exports through Sudan’s port after repairing a pipeline damaged during Sudan’s conflict, providing a crucial boost to Juba’s finances South Sudan has resumed crude oil exports through Sudan’s port after repairing a damaged pipeline The resumption of oil exports is crucial for South Sudan’s finances, as it generates 90%…
Egypt’s Suez Canal Economic Zone has signed a 50-year concession agreement with the UAE’s Abu Dhabi Ports Group (AD Ports) to establish a 20-square-kilometre logistics and industrial hub east of Port Said. Egypt’s Suez Canal Economic Zone signs a 50-year concession agreement with UAE’s AD Ports. AD Ports to invest $120 million in initial development…
Tidjane Thiam, a former international banker and leader of Ivory Coast’s main opposition party, has told the BBC he is determined to challenge a court ruling that disqualifies him as a presidential candidate in his home country. Tidjane Thiam is determined to challenge court ruling disqualifying him from running for president in Ivory Coast Thiam…
The President of France made a two-day visit to Madagascar, an island nation off East Africa’s coast, aiming to strengthen bilateral ties and consolidate France’s presence in the Indian Ocean region amid ongoing colonial-era legacy disputes. French President Emmanuel Macron visited Madagascar to strengthen bilateral ties and consolidate France’s presence in the Indian Ocean region…
The Economic and Financial Crimes Commission (EFCC), Nigeria’s corruption watchdog, has initiated a full-scale investigation into a $2.9 billion refinery rehabilitation fund scandal, uncovering over ₦80 billion in accounts linked with the recently sacked Managing Director of a major refinery. EFCC initiates full-scale investigation into a $2.9 billion refinery fund scandal in Nigeria Uncovered over…
Middle Eastern countries have either shown interest in or secured deals worth at least $6 billion in African energy assets in recent weeks, showing the region’s growing investment appetite on the continent. Middle Eastern countries are investing $6 billion in African energy assets. Gulf states diversifying oil and gas portfolios in Africa to buffer against…
In 2024, the Central Bank of Nigeria recorded a 13.9 trillion naira ($9 billion) loss from settling overdue derivatives contracts as part of efforts to reduce its foreign currency liabilities and rebuild investor confidence in the naira. Central Bank of Nigeria recorded a 13.9 trillion naira ($9 billion) loss from settling overdue derivatives contracts in…
Nigeria’s Department of State Services (DSS) has arrested a Marxist activist and leader of the Talakawa Parliament, Comrade Kola Edokpayi over his involvement in organizing a rally in support of Burkina Faso’s junta leader, Captain Ibrahim Traoré. Marxist activist and leader of the Talakawa Parliament, Comrade Kola Edokpayi, arrested by Nigeria’s DSS Arrest stems from…
Starlink, a satellite internet service owned by the American Billionaire Elon Musk, has announced a price increase of its monthly subscription in Nigeria. Starlink has announced a price increase for its satellite internet service in Nigeria The new price increase for monthly subscription will be effective from May 30, 2025 Existing users will see the…
Ibrahim Traoré is a Burkinabè military commander and the transitional president of Burkina Faso. Ibrahim Traoré became the transitional president of Burkina Faso after a military coup in September 2022. Under Traoré’s administration, Burkina Faso has pursued a revolutionary and anti-colonial agenda, expelling French soldiers and strengthening ties with Russia. Burkina Faso has nationalized its…
Zambia and Zimbabwe are stepping up efforts to attract investment for the long-stalled $5 billion Batoka Gorge hydropower project by reviving a controversial proposal to source water from the Democratic Republic of Congo. Zambia and Zimbabwe are reviving efforts to attract investment for the Batoka Gorge hydropower project. They are aiming to engage investors for…
The Democratic Republic of Congo announced on Friday that it has granted a license to Elon Musk’s Starlink, making it the latest African country to approve the satellite internet service. The Democratic Republic of Congo has granted a license to Elon Musk’s Starlink for satellite internet service. Only about 30% of the Congolese population has…
Farmers who escaped the violence in the Democratic Republic of the Congo’s eastern region, between the Congolese army and M23 Rebels, now face the ongoing insecurity challenges as they attempt to return to their farmlands. 1.2 million people fled their homes in North and South Kivu provinces since January due to fighting between Congolese army…
Adani Ports and Special Economic Zone Ltd., the company founded by billionaire Gautam Adani, is exploring port opportunities in South Africa as it relaunches its international expansion efforts to strengthen its position in the global maritime industry. Adani Ports is looking into port projects in South Africa to enhance its presence in Africa. The company…
In 2025, Nigeria and the Democratic Republic of the Congo (DRC) is home to the largest share of the world’s population living in extreme poverty, with 11.7% of the global extreme poor residing in these countries, all surviving on less than $2.15 a day, according to data from Statista. Business Insider Africa presents the top…
Foreign nationals who remain in Nigeria beyond the validity of their visas are now subject to stricter penalties under a newly enforced policy by the Nigerian government. Stricter penalties for overstaying visas in Nigeria enforced from September 1, 2025 Foreigners who overstay visas will face daily fines, entry bans, and blacklisting Three-month grace period for…
In its latest round of cancellations, the U.S. government has scrapped 401 contracts worth $2.1 billion, including several involving African countries, alongside other international projects. The U.S. government has cancelled 401 contracts worth $2.1 billion, including some tied to African nations The cancelled contracts included projects in Kenya, Uganda, Namibia, and Tanzania The move reflects…
Aliko Dangote, Africa’s richest man, says the Dangote group is on track to generate $30 billion in total revenue next year, despite growing concerns among global businesses about the potential impact of U.S. President Donald Trump’s trade tariffs. Dangote Group aims to generate $30 billion in revenue next year. Dangote Fertiliser gains a pricing advantage…
The INTERPOL has cracked down on car theft, resulting in the total discovery of 150 stolen vehicles, primarily from Canada, being smuggled into Nigeria and other West African nations. Operation Safe Wheels discovered 150 stolen cars, primarily from Canada, smuggled into Nigeria and other West African nations INTERPOL’s Stolen Motor Vehicle database revealed that most…
Disbursements from USAID, one of Africa’s largest aid donors, were halted by Donald Trump on the 20th of January, 2025, shortly after the US president was inaugurated. Business Insider Africa presents the top 10 African countries that received the most aid from America in 2024. This list is courtesy of the U.S. foreign assistance data…
Nigeria-based payment processor Paystack has been fined ₦250 million by the Central Bank of Nigeria (CBN), marking its largest known penalty since its founding in 2016. Paystack fined ₦250 million by Central Bank of Nigeria (CBN) Fine follows launch of Paystack’s peer-to-peer transfer app, Zap, raising concerns over regulatory compliance Nigerian authorities are cracking down…
On May 1, 2025, at the national Labour Day festivities in Singida, President Samia Suluhu Hassan announced a 35.1% increase in Tanzania’s minimum wage for public officials. President Samia Suluhu Hassan announced a 35.1% increase in Tanzania’s minimum salary for public officials. The monthly minimum wage will rise from Sh370,000 to Sh500,000 starting July 2025.…
Nigerian billionaire Aliko Dangote has said that he was “comfortable” with the impact of former President Donald Trump’s tariffs on his urea exports to the United States. Aliko Dangote is comfortable with the impact of Trump’s tariffs on his urea exports to the US. Dangote’s $2.5 billion plant in Nigeria is the largest granulated urea…
The Democratic Republic of Congo (DRC) seeks to lift the immunity of former President Joseph Kabila, accusing him of supporting the M23 rebel group, which is responsible for the ongoing conflict in the country’s east. Accuses him of supporting the M23 rebel group responsible for ongoing conflict in the country’s east Government suspends Kabila’s party…
Governments across the globe are grappling with rising public debt and widening fiscal deficits, issues that are stifling productivity and undermining long-term growth. Sadly, many African nations are not immune to these trends. Business Insider Africa presents the top 10 African countries with the highest economic freedom. The list is courtesy of The Heritage Foundation.…
Belgium is willing to deepen its engagement in the Democratic Republic of Congo’s mineral sector. Belgium aims to deepen engagement in the Democratic Republic of Congo’s mineral sector. DRC is rich in minerals such as copper, cobalt, lithium, and uranium. Kinshasa seeks to bring in new investors, including discussions with the U.S. and Saudi Arabia.…
As of 2025, the global billionaire landscape is dominated by a select group of countries, with the United States leading the pack by a significant margin. The United States is the leader in billionaire population with over 900 billionaires and a combined net worth of $6.8 trillion. China, India, and several European nations also have…
Ghana’s total petroleum revenue rose to US$1.35 billion in 2024, reflecting a 27.8% increase from the US$1.06 billion recorded in 2023. This is according to the 2024 Annual Report released by the Public Interest and Accountability Committee (PIAC). Ghana’s petroleum revenue reaches US$1.35 billion in 2024, a 27.8% increase from 2023 Annual report highlights drop…
Taiwan has strongly condemned Somalia’s decision to ban holders of Taiwanese passports from entering or transiting through the country, describing it as a politically motivated move driven by China. Somalia banned holders of Taiwanese passports from entering or transiting through the country, under pressure from China Taiwan accused China of instigating the ban, calling it…
In 2025, as global economies work to recover from past shocks and adapt to shifting geopolitical and technological dynamics, African countries’ economic trajectory will be closely monitored. Business Insider Africa presents the top 10 African countries with the lowest GDP growth rate in 2025. This list is courtesy of the Africa Pulse report by the…
Kenya’s inflation continues to climb again, with the latest data indicating the annual rate reached 4.1% in April 2025, the highest level in eight months. Kenya’s inflation reached 4.1% in April 2025, the highest in eight months. The surge in inflation is fueled by scarcity of critical food staples like maize, potatoes, and green vegetables.…
A national conference of political stakeholders in Mali has proposed appointing junta leader Assimi Goita as president for a five-year term. A national conference in Mali has proposed appointing junta leader Assimi Goita as president for a five-year term Participants also called for dissolution of existing political parties and stricter requirements for forming new ones…
The recent aid cuts under President Donald Trump’s administration are beginning to take a toll in Nigeria, where thousands of internally displaced persons (IDPs) are grappling with worsening hunger due to the inability of key United Nations agencies to sustain their support. Trump-era aid cuts are impacting thousands of internally displaced persons (IDPs) in Nigeria…
Gold prices fell on Wednesday, weighed down by a stronger US dollar and signs of easing trade tensions, as investors await key US economic data that could shape the Federal Reserve’s next move on interest rates. Spot gold fell 0.4% to $3,302.58/oz by 4:30am GMT, while US gold futures declined 0.7% to $3,310.70/oz. Gold prices…
Somalia has announced a ban on Taiwan-issued passports from entering, exiting or transiting its territory, citing its commitment to the “one China” policy and UN Resolution 2758. The decision, made by the Civil Aviation Authority of Somalia on April 22, will go into effect on April 30. The directive effectively blocks Taiwanese passport holders from…
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help African and Caribbean buyers more easily access fuel, such as petrol, diesel, and jet fuel, from refineries within the continent. Afreximbank has launched a $3 billion revolving credit facility to help African and Caribbean buyers access fuel from African refineries.…
Burkina Faso plans to increase its control over foreign-owned industrial mines, as the country looks to capture a larger share of revenue from its natural resources. Burkina Faso plans to increase control over foreign-owned industrial mines to capture a larger share of revenue from natural resources. Revised mining code and state-owned mining company SOPAMIB strengthen…
The African Growth and Opportunity Act (AGOA) is at risk due to the protectionist shift. If AGOA is allowed to lapse, it could slowly erode U.S. geopolitical influence in Africa, at a time when China and Russia are deepening their footholds, and Gulf states are emerging as powerful new players. President Trump froze USAID’s $43…
While the International Monetary Fund (IMF), can be useful during times of crisis, staying relatively debt-free provides considerable benefits to African countries, including economic autonomy and global legitimacy. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF in April 2025. This list is courtesy of data from the…
As the installation of the Starlink business gains momentum in Africa, more markets have expressed interest in the service including Uganda, which highlighted its promising negotiations with the Elon Musk led company. Uganda is in promising negotiations with Starlink for low-cost internet services President Yoweri Museveni had a productive meeting with Starlink representatives Starlink has…
Demographic dynamics are an overlooked but crucial factor in the areas of economic power, national security, and international influence. This is especially true for the demographic reaching military age. Business Insider Africa presents the top 10 countries with the highest number of people ready to enter the military in 2025. This list is courtesy of…
The Warri Refinery in Nigeria has shut down operations, sparking concern over the transparency and effectiveness of its costly rehabilitation, despite hundreds of millions of dollars spent by the federal government. Warri Refinery in Nigeria shut down after costly rehabilitation Refinery failed to produce petrol despite $897.6 million spent on maintenance Nigeria’s government-owned refineries plagued…
A coalition of philanthropies, led by the Gates Foundation, has unveiled a $500 million fund aimed at improving maternal and newborn health in sub-Saharan Africa. A $500 million fund has been unveiled to improve maternal and newborn health in sub-Saharan Africa. The fund aims to save the lives of 300,000 mothers and newborns by 2030…
Belgium has turned to Ugandan President Yoweri Museveni in a bid to ease tensions with Rwanda and help defuse the ongoing conflict in eastern Democratic Republic of Congo. Belgium seeks Ugandan President Yoweri Museveni’s help to ease tensions with Rwanda Diplomatic overture aims to repair strained Belgium-Rwanda relations and resolve the eastern Congo conflict Belgium…
Despite growing global uncertainty, a majority of private equity investors are doubling down on South Africa and Kenya as their top investment destinations over the next three years. Majority of private equity investors are focusing on South Africa and Kenya for the next three years. Global uncertainty and Trump’s tariff policies are casting a shadow…
The foreign ministers of Burkina Faso, Mali, and Niger have supported a Moroccan initiative to provide them with access to Atlantic trade routes. This marks a significant shift in the geopolitical and economic landscape of West Africa. Foreign ministers of Burkina Faso, Mali, and Niger support Moroccan initiative for access to Atlantic trade routes Morocco’s…
The East African Community (EAC), a regional intergovernmental organization of six member states, is grappling with a severe financial crisis as members fail to pay their dues. The East African Community (EAC) is facing a severe financial crisis due to member states’ failure to pay their dues The collective outstanding amount owed by member states…
The expiration of President Donald Trump’s 90-day suspension of U.S. humanitarian aid on April 20 raised hopes for the return of crucial funding across Africa and other heavily impacted regions. Trump’s 90-day suspension of U.S. humanitarian aid expired on April 20 The suspension caused devastating blows to Africa’s healthcare industry Deep scars are left across…
Johann Rupert, South Africa’s richest man, had a considerable increase in his wealth in April compared to last month, consolidating his status as one of Africa’s most influential industrialists. Johann Rupert’s net worth increased from $13.7 billion at the start of the year to $15.3 billion in April. He is Africa’s second richest man and…
On the 25th of April, Bloomberg reported that ‘a large fuel-production unit at Nigeria’s Dangote Oil Refinery’ was undergoing maintenance. However, the Dangote Refinery has come out to dispute this report. Dangote Refinery disputes reports of fuel production unit undergoing maintenance. Spokesperson claims refinery is loading millions of litres of fuel daily. Initial report claimed…
The World Bank projects that economic activity in Sub-Saharan Africa will climb from 3.3% in 2024 to 3.5% in 2025, and further accelerate to 4.3% by 2026–27. Economic activity in Sub-Saharan Africa projected to increase from 3.3% in 2024 to 3.5% in 2025, and further to 4.3% by 2026-27. Growth being weighed down by largest…
A mining company backed by U.S. billionaires Bill Gates and Jeff Bezos is expanding operations in the Democratic Republic of Congo’s rich mineral sector. US mining company, backed by Gates and Bezos, expanding operations in DR Congo for rare minerals US investors, including Gates and Bezos, have raised $1bn for mining operations in DR Congo…
Tanzania has decided to lift a ban on imports of agricultural produce from Malawi and South Africa, just days after imposing it Tanzania lifted the ban on agricultural imports from Malawi and South Africa Ban was initiated in response to trade restrictions imposed by neighboring countries Tanzania cited trade imbalances and lack of reciprocity as…
The Federal Bureau of investigation (FBI)’s Operation Artemis has reported over $65 million in financial losses, due to sextortion crimes, with some cases linked to Nigerian nationals. Operation Artemis launched in response to a reported 30% surge in sextortion-related information Collaboration with Canada, Australia, and the United Kingdom to tackle sextortion crimes linked to Nigerian…
Spotify users outside the United States are set to see higher subscription prices, as the streaming giant moves to adjust its rates in several international markets. Spotify is planning to raise its monthly subscription prices in Europe and Latin America The company does not intend to raise prices in the United States in June, but…
Angola is conducting stress tests to assess the impact of falling oil prices on its government finances, Finance Minister Vera Daves de Sousa said on Friday, noting that the situation increases the likelihood of seeking an IMF loan programme. Angola is conducting stress tests to assess the impact of falling oil prices on its government…
The brutal violence that has plagued the Democratic Republic of Congo (DRC) for months has come to an end after Rwanda and the DRC signed a peace agreement. Peace agreement signed between Rwanda and the Democratic Republic of Congo in Washington. Deal focuses on promoting peace, economic development, and respecting sovereignty. Aims to attract major…
Burkina Faso’s military-led government has granted an industrial mining license to Russian company Nordgold for a new gold project. Burkina Faso’s military-led government grants mining license to Russian company Nordgold for new gold project. Move is part of the nation’s effort to strengthen its economy amid ongoing insecurity and high gold prices. Niou gold deposit…
Meta Platforms has lost its appeal against a $220 million fine imposed by Nigeria’s competition watchdog for breaching local consumer protection, data privacy, and related laws. Meta Platforms has lost its appeal against a $220 million fine imposed by Nigeria’s competition watchdog. The fine was for breaching local consumer protection, data privacy, and related laws.…
In 2024, global employee engagement dropped from 23% to 21%, marking only the second time in 12 years this has happened. While this data reflects a global pattern, it hits especially close to home in Africa, where workplace stress levels are among the highest in the world. Business Insider Africa presents the top 10 African…
Nigeria has begun formal discussions with JPMorgan to re-enter the Government Bond Index for Emerging Markets, nearly a decade after being removed due to concerns over foreign exchange (FX) transparency and market liquidity. Nigeria is in formal discussions with JPMorgan to re-enter the Government Bond Index for Emerging Markets. Recent FX reforms have made Nigeria…
Congo has experienced a surge in violence following a major offensive by Rwandan-backed M23 rebels in January, which resulted in the capture of the two largest cities in the eastern region. Congo and Rwanda set to sign agreement in Washington for peace and economic development. Agreement is part of diplomatic effort to end violence after…
The UAE is strengthening its influence in Africa through the delivery of Chinese-manufactured air defense systems to Chad UAE strengthens influence in Africa by delivering Chinese-made air defense systems to Chad FK-2000 air defense systems purchased from China by UAE and transferred to Chad Suspicion surrounding UAE’s involvement in fueling instability through hidden arms transfers…
When we talk about the strength of a country’s economy, one of the first things that comes up is Gross Domestic Product, or GDP. According to the IMF, South Africa is projected to remain Africa’s largest economy in 2025 with a GDP of $410.34 billion. Business Insider Africa presents the top 10 African countries with…
The U.S. Department of State has recently updated its travel warning for several countries in April including four in Africa. The U.S. Department of State issued travel advisories for four African countries in April The affected countries include Ghana, Burkina Faso, Morocco, and Uganda The advisories urge U.S. citizens to exercise caution or avoid travel…
According to the MTN Group, a recent cybersecurity breach has resulted in some of its customers’ personal information being accessed without authorization. MTN Group experienced a cybersecurity breach resulting in unauthorized access to some customers’ personal information. Core network infrastructure, billing systems, and financial services platforms remain secure and fully operational. The extent of the…
The richest man in Africa, Aliko Dangote, has accepted the recent invitation to join the group established by the World Bank to create jobs. Aliko Dangote has accepted an invitation to join the World Bank’s Private Sector Investment Lab. Dangote expressed honor and excitement to be part of the group, committed to sustainable development and…
As the world’s population ages unevenly, there is a striking demographic divide: affluent economies are getting older, while many low-income nations are teeming with youthful energy. Affluent economies are getting older, while many low-income nations are young and energetic. IMF suggests encouraging young people to migrate from low-income countries to aging advanced economies. Advanced economies…
Chevron announced on Thursday that it is considering drilling an exploration well in the Walvis Basin off the coast of Namibia, with plans to begin as early as 2026 or 2027. Chevron plans to drill an exploration well in the Walvis Basin off the coast of Namibia in 2026 or 2027. Namibia has recently become…
The United States has begun processing asylum claims from white South Africans, marking a controversial development in the country’s immigration policy. The United States has started processing asylum claims from white South Africans due to fears over land disputes Over 30 applicants have already been approved after interviews in Pretoria, with positive encounters with U.S.…
South African President Cyril Ramaphosa said he had a conversation with U.S. President Donald Trump focused on bilateral relations and the ongoing war in Ukraine. South African President Cyril Ramaphosa had a conversation with U.S. President Donald Trump focused on bilateral relations and the ongoing war in Ukraine. President Ramaphosa and President Trump agreed to…
In a major step toward bringing digital currencies under regulatory control, Ghana’s central bank has set a September 2025 deadline for cryptocurrency regulation. Ghana’s central bank sets September 2025 deadline for cryptocurrency regulation Bank of Ghana seeks authority to license and regulate platforms and participants in the virtual asset space Ghana joins other African nations…
Tanzania has banned all agricultural imports from South Africa and Malawi, marking the latest escalation in an intensifying trade dispute. Tanzania has banned agricultural imports from South Africa and Malawi. Malawi and South Africa had previously imposed restrictions on Tanzanian agricultural products. Tanzania emphasized the move was to safeguard the country’s economic interests and ensure…
Africa is becoming more connected than ever, by air. In 2025, several major international carriers are launching new routes to key African destinations, signalling renewed confidence in the region’s travel potential. Business Insider Africa presents the top new international flight routes to Africa in 2025. In 2025, several major international carriers are launching new routes…
For African countries, a persistently weak currency can be more than a nuisance. It can be a serious obstacle to growth, stability, and prosperity. Business Insider Africa presents the top 10 African countries with the weakest currencies in April 2025. This list is courtesy of the Forbes currency calculator. São Tomé & Príncipe ranks number…
Nigerian authorities have highlighted a nagging problem in the country’s oil sector, which is the smuggling of petroleum products, intended for domestic use, outside the country. Despite the removal of fuel subsidy, it is still profitable for smugglers to take fuel illegally from Nigeria. Nigeria’s relatively cheaper pump price encourages the illicit export of Premium…
Russia has said it doesn’t wish to disburse aid to Africa, noting that it does not want its relationship with the continent to be based on that. This is in light of the recent cutback in USAID, which has been an interesting conversation for several African countries. Russia does not want to disburse aid to…
Access to and production of natural gas in African countries may be a significant driver of economic growth, energy security, and industrial development. However, many African countries continue to generate little or no natural gas. Business Insider Africa presents the top 5 African countries that produce the least natural gas in 2025. This list is…
Rumors of U.S. embassy closures in Africa were dismissed after Senator Marco Rubio unveiled a major State Department reform plan. Rumors about the United States closing multiple embassies in Africa have been refuted Senator Marco Rubio is leading a reform plan to streamline and modernize U.S. diplomatic engagement The goal is to align the State…
A court in Ivory Coast has disqualified leading presidential contender Tidjane Thiam over his dual nationality with France, removing him from the country’s electoral roll. Ivory Coast court disqualifies Tidjane Thiam due to dual nationality with France Thiam’s disqualification based on his French citizenship at the time of his application Under Ivorian law, presidential candidates…
For African countries dealing with persistently large debt to the International Monetary Fund (IMF), the implications are especially severe. Business Insider Africa presents the top 10 African countries with the highest debt to the IMF in April 2025. This list is courtesy of data from the IMF’s website. Egypt ranks number 1 on the list.…
A coalition of e-hailing drivers in Nigeria’s capital hub, Lagos, working on platforms such as Bolt, Uber, and Indrive, has indicated plans to halt services on May 1, 2025. E-hailing drivers in Lagos, Nigeria plan to halt services on May 1, 2025. The strike is in response to exploitation, hazardous working conditions, and lack of…
Kenya is set to overtake Ethiopia as East Africa’s largest economy in 2025, according to new projections from the International Monetary Fund (IMF). Kenya projected to overtake Ethiopia as East Africa’s largest economy by 2025. Ethiopia devalued its currency, unlocking financial support from IMF and World Bank. Kenya’s GDP forecasted to climb to $132 billion…
Diesel might not be the fuel most consumers think about daily, but in some African countries, it powers the engines that drive progress. Business Insider Africa presents the top 10 African countries with the lowest diesel prices in April 2025. This list is courtesy of data from GlobalPetrolPrices. Libya ranks number on the list. The…
While some African nations continue to rely heavily on coal for both domestic use and exports, others are operating on significantly smaller reserves, or have little to none at all. The Central African Republic has the lowest coal reserves on the continent, with only 3 million cubic meters. Business Insider Africa presents the top 5…
Nigeria’s oil export revenues may be facing a significant threat as Indonesia, one of its key crude oil importers, plans to substantially increase its energy imports from the United States. Indonesia plans to increase energy imports from the United States to address its trade surplus and avoid potential tariffs The shift in Indonesia’s energy imports…
Burkina Faso’s military government has claimed to have thwarted a coup plot aimed at overthrowing the ruling junta led by Captain Ibrahim Traoré. Military government in Burkina Faso claims to have thwarted a coup plot aimed at overthrowing ruling junta Allegations of foreign involvement, particularly from Ivory Coast, further complicate the geopolitical landscape surrounding Burkina…
Toyota remains Africa’s most preferred car brand, with 78% of consumers who have owned it naming it their favourite. Business Insider Africa presents the top 10 favourite car brands in Africa. The list is courtesy of SagaBrand. Toyota remains Africa’s most preferred car brand, with 78% of consumers who have owned a Toyota naming it…
Kenya is set to officially sign an agreement with China to construct a state-of-the-art Foreign Affairs Complex in Nairobi, signaling a strengthening of bilateral relations between the two nations. Kenya will be signing an agreement with China to construct a Foreign Affairs Complex in Nairobi The cost of the project has not been disclosed, but…
Millions of people have been displaced globally due to conflict, violence, and persecution, making them refugees on foreign soil, including within Africa. Millions of people globally displaced due to conflict, violence, and persecution. Higher precipitation levels and floods are key factors driving refugee flows within Africa Refugees in emerging market economies face worse labor market…
Russia and Nigeria have entered a fresh chapter of bilateral ties, marked by increased collaboration in commerce, defense, and finance. A significant development is the planned establishment of a new regular shipping line between Novorossiysk, an important Russian port on the Black Sea, and Lagos. Russia and Nigeria are increasing collaboration in commerce, defense, and…
As the Church and the world mourns, attention is already turning to who might succeed Pope Francis. One of the names generating buzz is Peter Turkson, 76, from Ghana. Pope Francis has passed away at the age of 88 after 12 years as pope. Peter Turkson from Ghana is being considered as a potential candidate,…
For African countries, generating a big volume of natural gas is a strategic asset that typically comes with energy security, economic development, geopolitical influence, and regional integration. Business Insider Africa presents the top 10 African countries that produce the most natural gas in 2025. This list is courtesy of Global Firepower. Algeria ranks number 1…
The Economic Freedom Fighters (EFF), a South African leftist political party, have strongly rejected recent U.S. Senate allegations against Burkina Faso’s President, Captain Ibrahim Traoré. The EFF strongly rejects recent U.S. Senate allegations against Burkina Faso’s President, Captain Ibrahim Traoré General Langley, Commander of AFRICOM, alleged that Burkina Faso’s mineral revenues were being used to…
South Sudan is looking to converse with Washington, D.C, concerning the deportation of over 100 Sudanese people from the United States. South Sudan to send delegation to Washington, D.C. regarding deportation of over 100 Sudanese people from the US. Delegation, led by Finance Minister Marial Dongrin Ater, aims to facilitate an orderly and legal return…
Turkey is in negotiations to explore oil and gas opportunities in Bulgaria and is also planning similar activities in Iraq and Libya. Turkey is in negotiations to explore oil and gas opportunities in Bulgaria, Iraq, and Libya. Libya and Iraq are also targeted for exploration opportunities by TPAO. Libya recently launched its first energy tender…
African nations may face growing pressure amid escalating global tensions, following a stark warning from China linked to its intensifying tariff dispute with the United States. China warns of retaliation against countries signing trade agreements with U.S. at its expense African nations face pressure as they weigh benefits of diversifying trade partnerships against risk of…
Coal has long been a foundational element of Africa’s energy and industrial development. Africa’s coal reserves are estimated to be hundreds of billions of tons, with South Africa leading the continent as its largest producer and consumer. Business Insider Africa presents the top 10 African countries with the highest coal reserves in 2025. The list…
Nigeria has deported 62 undocumented migrants from Mali, returning them to a country currently under military rule. Nigeria deported 62 undocumented migrants from Mali, highlighting concerns over irregular migration in West Africa Porous borders and weak enforcement contribute to irregular migration in West Africa Nigeria faces persistent challenges with cross-border migration from neighboring countries According…
President Donald Trump shortly after assuming office halted the United States Agency for International Development (USAID), sending a ripple effect through critical sectors in Africa, and a few other regions. Business Insider Africa presents the top 10 African countries that received the most aid from America in 2024. This list is courtesy of the U.S.…
Tunisia’s current administration has seen its challenge to power lessened after several of its opponents were convicted by a Tunisian court. Opposition leaders, businessmen, and lawyers in Tunisia have received harsh sentences, some as long as 66 years in prison, on charges of conspiracy Around 40 people were sentenced with 20 fleeing the country since…
Turkey’s largest refinery, Tüpraş, has emerged as a new buyer of Nigerian oil, placing fresh orders for cargoes scheduled for delivery in March and April. Tüpraş, Turkey’s top oil refiner, has placed new orders for Nigerian oil for delivery in March and April The deal could play a meaningful role in supporting Nigeria’s fiscal targets,…
The United States Embassy in Zambia has raised alarm over the country’s newly enacted cybercrime law, which grants authorities sweeping powers to intercept and monitor electronic communications. The United States Embassy in Zambia has raised concerns about Zambia’s new cybercrime law The law grants authorities sweeping powers to intercept and monitor electronic communications, including phone…
President Donald Trump proposed significant tariff increases in April 2025, imposing a 10% duty on most imports and higher rates for some nations. This policy move has the potential to significantly affect economies in Africa, including those benefiting from the African Growth and Opportunity Act (AGOA). Business Insider Africa presents the top 10 African countries…
For the first time in six years, Zambia’s inflation rate is on the verge to fall within the central bank’s target range. This is a major turning point for the southern African country’s economy. Zambia’s secretary to the treasury, Felix Nkulukusa, said Thursday that annual consumer price inflation is expected to fall below 8% by…
The Ugandan government plans to introduce new legislation that would permit military courts to try civilians for specific offenses, despite a previous Supreme Court ruling that outlawed the practice. New legislation in Uganda may allow military courts to try civilians for specific offenses. Human rights groups and opposition leaders are concerned about the potential for…
Despite mounting protests from the Democratic Republic of Congo (DRC), the “Visit Rwanda” campaign has secured a renewed lifeline after French football giant Paris Saint-Germain (PSG) extended its partnership with Rwanda. PSG extends partnership with Rwanda’s ‘Visit Rwanda’ campaign despite criticism and protests from DRC The renewed deal aims to deepen Rwanda’s global visibility as…
GITEX Nigeria will take place from September 1-4, 2025, in Lagos and Abuja signalling a significant boost for Nigeria’s technology ecosystem and Africa’s entire digital economy. The move is backed by strong government support through Nigeria’s National Information Technology Development Agency (NITDA), with endorsement from the administration of President Bola Tinubu. Stakeholders believe the initiative…
Several African thought leaders, innovators, and changemakers from various industries have made it onto the prestigious TIME100 Most Influential People list for 2025. The TIME100 Most Influential People of 2025 includes thought leaders, innovators, and changemakers from Africa Among the honorees are individuals driving change in governance, culture, science, and media, with global impact Recognition…
In African countries where fuel prices frequently govern the rhythm of economic and social life, a drop in fuel prices, even if only from one month to the next, means more than simply a number at the pump. Business Insider Africa presents the top 10 African countries with the lowest fuel prices in April 2025.…
Following a nod from South Africa, Nigeria may be gearing up to host one of the most significant gatherings set to shape Africa’s future — the G20 summit. South Africa has extended an invitation to Nigeria to host a key G20 event in Abuja The upcoming G20 meeting in Johannesburg marks a historic moment as…
Russia’s influence in Niger continues to deepen, as evidenced by a combination of humanitarian assistance, major infrastructure projects, and military collaboration. Russia’s influence in Niger is deepening through humanitarian assistance, major infrastructure projects, and military collaboration. The NGO ‘Ensemble Main dans la Main Niger-Russie’ has made a large grant to the National Reference Center for…
As Nigeria reduces its power supply to neighboring Niger Republic, residents are facing increasing challenges and are now exploring alternative sources of energy. Nigeria reduces power supply to Niger Republic, leading to energy challenges for residents Niger’s citizens and businesses turn to solar energy as an alternative source of power Rise in solar energy adoption…
The European Commission designated several countries, including Egypt and Tunisia, both under scrutiny for human rights concerns, as “safe countries” for the return of failed migrants. The European Commission has designated Egypt and Tunisia as ‘safe countries’ for return of failed asylum seekers. Human rights organizations have criticized this move for enabling fast-track asylum applications…
Elon Musk’s satellite internet venture, Starlink, has made significant strides across several African countries yet, it remains notably absent in his native South Africa. Starlink has made significant strides in Africa, but is notably absent in South Africa Regulatory policies in South Africa are posing challenges for Starlink, as the company must obtain network and…
Africa’s space ambition is set to reach new heights as the continent inches closer to its moon mission under the Africa2Moon project. Africa’s space ambition is reaching new heights with the Africa2Moon project The project aims to study the lunar south pole and launch in 2028 It plans to deploy an array of 54 antennae…
PwC has shut down operations in over a dozen countries, including nine in Sub-Saharan Africa. PwC shut down operations in over a dozen countries, including nine in Sub-Saharan Africa The firm is facing mounting reputational and regulatory challenges across multiple regions The decision to withdraw from African markets was influenced by factors like political instability…
One of the most contentious conversations in Nigeria currently concerns the proliferation of Ponzi schemes in the last decade, which was brought to the forefront by the recent CBEX scam. CBEX, a Ponzi scheme, crashed in Nigeria, leaving 300,000 investors with estimated losses of $840 million. The scheme claimed to be the China Beijing Equity…
The White House budget office has put forward a proposal to cut funding for United Nations peacekeeping missions, pointing to what it describes as operational failures in Mali, Lebanon, and the Democratic Republic of Congo. The White House budget office proposes cutting funding for U.N. peacekeeping missions in Mali, Lebanon, and the Democratic Republic of…
Zimbabwe’s ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country’s oldest independent brokerage. Zimbabwe’s local currency, the ZiG, is at risk of failure due to policy missteps and prolonged liquidity crunch. The currency, backed by gold and foreign currency reserves, has failed to gain…
France has announced plans to expel 12 agents working within Algeria’s consular and diplomatic network, and will also recall its ambassador to Algiers for consultations. France plans to expel 12 agents from Algeria’s consular and diplomatic network. Tensions escalated as Algeria expelled 12 French diplomatic staff in response. The relationship between France and Algeria has…
Cape Town International Airport has been named the Best Airport in Africa at the 2025 Skytrax World Airport Awards, reaffirming its status as the continent’s leading aviation hub. Cape Town International Airport named Best Airport in Africa at 2025 Skytrax World Airport Awards. The airport also received awards for Best Airport Staff Service in Africa…
Kenya is turning to private investors to help develop and run two key seaports along the Indian Ocean, in a bid to stay competitive amid growing regional rivalry. Kenya is seeking private investors to develop and operate two seaports in Mombasa and Lamu along the Indian Ocean. The government aims to use public-private partnerships to…
Nigeria has formally gazetted its Preferential Tariff Concessions (PSTCs) under the African Continental Free Trade Area (AfCFTA), becoming the 23rd country to do so. Nigeria formally gazettes its Preferential Tariff Concessions under AfCFTA, becoming the 23rd country to do so Nigeria’s action signals a commitment to implementing the agreement and opens doors for local companies…
A mine warfare fleet consists of naval vessels, specialized equipment, and people devoted to detecting, removing, laying, or combating naval mines. Business Insider Africa presents the top 10 countries most equipped to deal with mine warfare. This list is courtesy of Global Firepower. Russia number 1 on the list. A mine warfare fleet’s principal responsibility…
For African countries with hydrocarbon resources, a high rig count, the number of active drilling rigs operating for oil and gas, can be a potent indicator of development and opportunity. Business Insider Africa presents the top 5 OPEC African countries with the most active drilling rigs. This list is courtesy of the OPEC month oil…
Nigeria’s debt servicing is projected to spike during the year, despite confidence in policies implemented in 2023. Nigeria’s debt servicing is projected to spike in 2025. Fitch Ratings expresses confidence in Nigeria’s economy despite the debt servicing increase. Fitch highlights Nigeria’s commitment to policy measures like currency rate liberalization and monetary policy tightening. Fitch Ratings…
Early-stage funding in Africa was a key topic of discussion at GITEX Africa 2025, as leading investors gathered to address the capital crunch threatening the continent’s next unicorns. One of the standout sessions, titled “The Early-Stage Capital Crunch: Who’s Funding Africa’s Next Unicorns?”, addressed one of the ecosystem’s most pressing challenges—the battle for early-stage funding…
According to the OPEC Secretariat statistics, the price of the OPEC basket of twelve crudes, made up of several African countries was $66,35 per barrel on Friday, up from $66,41 the day before. Price of OPEC basket of twelve crudes was $66.35 per barrel on Friday. Global crude prices have significantly dropped due to recent…
Lesotho has officially granted Elon Musk’s Starlink a license to operate its satellite network and offer satellite internet services in the country. Lesotho grants Starlink a 10-year license to operate its satellite network and offer internet services. Starlink has expanded operations to at least 18 African nations since launching in Nigeria in January 2023. Starlink’s…
Ghana has ordered all foreign nationals currently trading in the country’s local gold market to exit its gold trading market by exit by April 30. Ghana orders foreign nationals to exit the local gold trading market by April 30, 2025. Enforcement of the new Ghana Gold Board Act aims to reform gold sourcing, boost revenue,…
South Africa has appointed a special envoy to the United States in an effort to ease ongoing diplomatic tensions between the two countries. South Africa appoints special envoy to the United States, Mcebisi Jonas, to ease diplomatic tensions Tensions between the two countries have included expulsions of envoys, tariffs, and trade disruptions The move is…
Multiple rocket launchers rarely command attention in discussions about Africa’s military capabilities. Conversations tend to centre around drones, AK-47s, and armoured vehicles. Business Insider Africa presents the top 10 African countries with the most rocket projectors in 2025. The list is courtesy of Global Firepower. Egypt has the largest number of multiple-launch rocket systems (MLRS)…
The West African Bar Association (WABA) has issued a strong condemnation of the worsening human rights situation and disregard for the rule of law in Guinea-Bissau. The West African Bar Association (WABA) condemned the human rights situation and rule of law in Guinea-Bissau President Umaro Sissocó Embaló accused of eroding judicial independence and suppressing dissent…
In several African countries, fuel is more than simply a commodity; it is a lifeline that powers homes, companies, transportation, and agriculture. Business Insider Africa presents the top 10 African countries with the highest fuel prices in April 2025. This list is courtesy of GlobalPetrolPrices. The Central Africa Republic ranks number 1 on the list.…
The UN Office for the Coordination of Humanitarian Affairs (OCHA) has announced a 20% reduction in its global workforce, citing a significant funding shortfall of nearly $60 million. OCHA announces 20% reduction in global workforce due to $60 million funding shortfall Staffing cuts will impact operations in Nigeria, Zimbabwe, Cameroon, Colombia, Eritrea, Iraq, Libya, Pakistan,…
Despite France’s call for peace, the dispute between Algeria and France appears to remain deadlocked. Just last week, Russia encouraged Algeria to maintain the pressure on paying for repatriation. France and Algeria remain deadlocked in their dispute despite calls for peace. France threatened to take action if Algeria goes ahead with plans to expel French…
Recent reports indicate that Nigeria’s crude production fell in March, in light of the current global crude price drop. Nigeria’s crude production fell in March due to global crude price drop. Nigeria was the largest oil producer in Africa for the last two months, according to OPEC reports. In April, global crude prices fell to…
The Embassy of the United States of America has announced new requirements for visa interviews for Nigerian applicants, with the new measures scheduled to take effect from April 22. New visa interview requirements for Nigerian applicants announced by the U.S. Embassy Starting from April 22, 2025, applicants in Abuja and Lagos must bring a DS-160…
SpaceX’s Starlink satellite internet service is now available in Somalia, owner Elon Musk announced on Sunday via the social media platform X. Starlink satellite internet service is now available in Somalia. The introduction of Starlink’s satellite service is expected to expand connectivity to remote and underserved regions in Somalia. Starlink faces regulatory hurdles in some…
Brice Oligui Nguema, who seized power in a coup in August 2023, has secured a decisive victory in Gabon’s presidential election, winning 90.35% of the vote. Brice Oligui Nguema won 90.35% of the vote in Gabon’s presidential election. Voter turnout increased to 70.40% compared to the previous election. Nguema promised to reduce Gabon’s dependence on…
More details have emerged following the high-level diplomatic meeting between the Nigerian president, Bola Tinubu and President Trump’s African adviser in Paris. President Bola Tinubu met with Massad Boulos, Senior Advisor for Africa to U.S. President Donald Trump The meeting focused on enhancing bilateral cooperation, particularly in trade, investment aligned with Nigeria’s national development goals…
Tensions between France and Algeria are flaring again after French authorities detained an Algerian consular agent in what Algerian officials are calling a serious breach of diplomatic protocol. French authorities detained an Algerian consular agent triggering protest from Algeria The detention is related to the investigation of the kidnapping of Amir Boukhors, a critic of…
Morocco is seeking private operators to manage Africa’s largest shipyard under a 30-year contract. Morocco seeks private operators for Africa’s largest shipyard under a 30-year contract. Morocco has become Africa’s leading car exporter and attracted global automakers. The new shipyard will allow Morocco to conduct maintenance and repairs on its naval fleet domestically. Morocco is…
Gabon is set to take a watershed moment in its political history this weekend as it holds its first presidential election since the August 2023 military coup, transitioning from authoritarian control to civilian-led democracy. General Brice Oligui Nguema prepares to continue his reign. Gabon is holding its first presidential election since the 2023 military coup,…
The Trump administration has officially ended Temporary Protected Status (TPS) for thousands of Afghans and Cameroonians living in the United States, the Department of Homeland Security confirmed on Friday. The Trump administration has ended Temporary Protected Status (TPS) for thousands of Afghans and Cameroonians living in the United States. Around 14,600 Afghans will lose their…
A subsidiary of FirstRand Ltd., South Africa’s largest bank by market capitalization, is setting its sights on Ghana as part of a broader strategy to tap into Africa’s growing affluent population. First National Bank, a subsidiary of FirstRand Ltd., is targeting Ghana for private banking services to tap into Africa’s growing affluent population. The bank…
The Government of Ghana may forfeit up to $500 million in potential revenue if it advances its current strategy to refine lithium locally, a recent report by the Natural Resource Governance Institute (NRGI) has cautioned. Ghana could lose up to $500 million in potential revenue by refining lithium locally Exporting raw lithium concentrate offers far…
Large natural gas deposits in many African countries have the potential to revolutionize their energy industries, spur economic expansion, and raise living standards. Business Insider Africa presents the top 10 African countries that consume the least amount of natural gas in 2025. This list is courtesy of Global Firepower. DRC ranks number 1 on the…
In 2025, not all airports are taking off. Some remain grounded, underperforming, outdated, and barely serviceable. Sierra Leone has just 8 serviceable airports, while Eritrea and Benin each have only 10. Business Insider Africa presents the top 10 African countries with the least serviceable airports in 2025. The list is courtesy of Global Firepower. Sierra…
Over the last few years, the Wagner Group, a Russian private military firm (PMC), has played a growing role in Africa’s security scene. Business Insider Africa presents a list of African countries with some kind of engagement with Russia’s private military. This list is courtesy of the Grey Report. Some African countries have political, economic,…
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has inaugurated a nine-member committee tasked with conducting a thorough review of all small-scale mining licences across the country. The Small-Scale Mining Licence Review Committee has been established to review all small-scale mining licenses across Ghana The committee will assess legality, environmental compliance, and financial…
For many African countries, a large fleet of special mission aircraft is no longer a luxury, but rather an essential component of national security, disaster response, and sustainable development. Business Insider Africa presents the top 10 African countries with the largest fleet of special mission aircraft. This list is courtesy of data from Global Firepower.…
Officials from Africa and the United States are set to convene in June or July to discuss duty-free access for Africa to the world’s largest market. US and African officials to meet in June or July to discuss duty-free access to US market. Donald Trump’s tariffs have affected global trade and displaced AGOA benefits for…
In a groundbreaking win for Nigeria and the African continent as a whole, 17-year-old Nigerian-American climate activist and novelist Amara C. Nwuneli has been named Africa’s winner of The Earth Prize 2025, the world’s largest environmental competition for young people. Amara C. Nwuneli, a 17-year-old Nigerian-American climate activist and novelist, won The Earth Prize 2025…
Dangote Refinery has lowered its ex-depot (gantry) price to N865 per litre, according to a customer notice issued on Thursday morning. Dangote Refinery has reduced the price of petrol to N865 per litre. Filling stations with direct supply agreements with the refinery are expected to adjust their pump prices. The price cut follows the reinstatement…
When U.S. President Donald Trump unveiled a sweeping policy of reciprocal import tariffs, it sent shockwaves through global markets and governments alike. Some countries, including Zambia, had already offered to eliminate all tariffs on U.S. goods in a bid to avoid being targeted by the new trade measures. Business Insider Africa presents countries that offered…
Algeria and France, two countries which at one point shared a budding relationship, have since the year began, been at odds with each other. Currently, Russia weighed in, urging Algeria to heap more pressure on France. Algeria and France are currently at odds with each other. Russia has sided with Algeria in seeking reparations from…
In the ever-changing face of global geopolitics, the G20 countries’ impact in Africa continues to get major attention. Business Insider Africa presents the top 10 G20 countries with the largest influence in Africa. This list is courtesy of the Geopolitical Influence and Peace Report. Spain ranks number 1 on the list. The G20, which includes…
Angola’s state-owned oil company, Sonangol, is in discussions with Chinese and European banks to secure funding for a $4.8 billion shortfall in its planned Lobito refinery. Sonangol is seeking funding for a $4.8 billion shortfall in its Lobito refinery project. Sonangol is in discussions with Chinese and European banks, and is confident financing will be…
United States President, Donald Trump has announced a 90-day pause on the imposition of new tariffs across several countries, signaling a temporary shift in the administration’s aggressive trade posture. President Trump announced a 90-day pause on new tariffs across several countries During this period, the U.S. will implement a 10% reciprocal tariff on imports from…
Policy think tank IMANI Africa has urged the Government of Ghana to broaden its international trade partnerships beyond the United States, following the imposition of a 10% tariff on Ghanaian exports by the US administration. IMANI Africa urges Ghana to broaden international trade partnerships Diversification is essential to cushion the Ghanaian economy from external trade…
Egypt will sell stakes in several military-owned companies through its $12 billion sovereign wealth fund. Egypt plans to sell stakes in military-owned companies through its sovereign wealth fund. The privatization drive is aimed at enhancing private sector involvement and meeting IMF conditions. The sovereign wealth fund was established in 2018 to attract foreign investment and…
With foreign powers competing for military, political, and economic dominance as well as the emergence of new political philosophies in certain African countries, the struggle for influence in Africa has never been more intense. Currently there has been a number of Russian military cooperation in Africa. Business Insider Africa presents the list of African countries…
Professor Isaac Boadi, Executive Director of the Institute for Economic Research and Public Policy (IERPP) and Dean of the Faculty of Accounting and Finance, has raised red flags over the government’s proposed tax reforms for 2025. Proposed tax reforms for 2025 could cost Ghana between GH¢5.5 billion and GH¢7.1 billion in lost revenue Abolishing the…
The United States, on Tuesday, received the 3 Americans tied to the attempted coup that was orchestrated against the current president of the Democratic Republic of Congo (DRC) Felix Tshisekedi, last year. Three Americans involved in the attempted coup against the President of the Democratic Republic of Congo have been released. The decision to release…
Cape Town, the most expensive city in Africa for real estate, is looking to streamline home development as thousands flock to the metropolitan area in search of a better life. Cape Town is the most expensive city in Africa for real estate. Influx of people is putting pressure on the residential property market valued at…
The Democratic Republic of Congo (DRC) has ended its $5 million lobbying contract with a US public relations firm, choosing instead to engage in direct dialogue with the Trump administration. The Democratic Republic of Congo ended its $5 million lobbying contract with a US PR firm It aims to engage in direct dialogue with the…
By October 2023, Starlink was active in seven countries: Nigeria, Kenya, Mozambique, Rwanda, Malawi, and Zambia. Since then, it’s expanded to at least 18 countries across Africa. Business Insider Africa presents the list of African countries where Elon Musk’s Starlink is operational in 2025. Starlink is present in at least 18 countries in Africa. Starlink…
Chinese carmaker, BYD has significantly solidified its market share in Africa with the introduction of three new vehicle models into the South African market. BYD introduces three new vehicle models into South African market Chinese vehicle brands challenging dominance of Western and Japanese companies in Africa Chinese automakers are gaining significant traction with their market…
Africa’s energy future could hinge on the use of natural gas, which provides a route to economic expansion, environmental protection, and sustainable development. Business Insider Africa presents the top 10 African countries that consume the most natural gas in 2025. This list is courtesy of Global Firepower. Egypt ranks number 1 on the list. Africa…
The Ghanaian government is preparing to implement a revised licensing framework aimed at regulating the activities of motorcycle and tricycle riders, according to the Minister for Transport, Joseph Bukari Nikpe. Ghanaian government to implement revised licensing framework for motorcycle and tricycle riders New framework includes enhanced authority for Ghana Police Service to enforce road traffic…
Standard Chartered Plc is exploring opportunities to expand its footprint in Africa, aiming to grow its wealth management and transaction banking businesses. Standard Chartered Plc plans to expand in Africa, focusing on wealth management and transaction banking. The bank has already expanded its presence in Egypt and is considering entering one or two other countries,…
Ghana Bauxite Company Limited (GBC) has outlined a bold plan to produce 6 million tonnes of bauxite by the close of 2025, backed by a strategic investment of US$122.97 million aimed at revitalising its operations. Ghana Bauxite Company plans to produce 6 million tonnes of bauxite by 2025 Company experienced transformation under new management by…
The government of South Sudan has hit out at the United States government for revoking U.S. visas for all its nationals. South Sudan slammed the U.S. for revoking visas, which Washington says is due to Juba’s refusal to take back its citizens. South Sudan’s Ministry of Foreign Affairs denies the claims, says individual in question…
In a bold attempt to establish its autonomy and remove colonial influence, Niger has formally designated Hausa its national language, thus demoting French to a basic working language. Niger has designated Hausa as its national language, demoting French to a basic working language. Niger left the Organisation Internationale de la Francophonie in March. Niger has…
Algeria and Mali have suspended flights to and from each other’s airspace, their governments announced on Monday, marking a significant escalation in their diplomatic tensions. Algeria and Mali have suspended flights to and from each other’s airspace. The dispute began after Algeria reported downing a drone violating its airspace near Tinzaouaten. Mali contested, claiming the…
A senior South African lawmaker on Monday accused Communications Minister Solly Malatsi of attempting to weaken the country’s local ownership laws to accommodate foreign companies such as Elon Musk’s Starlink. Communications Minister Solly Malatsi accused of weakening local ownership laws for foreign companies like Elon Musk’s Starlink. Current local ownership regulations mandate at least 30%…
Cassava Technologies is considering an investment of up to $720 million in Africa’s first artificial intelligence factory, which will be developed by Nvidia Corp. Cassava Technologies plans to invest up to $720 million in Africa’s first artificial intelligence factory with Nvidia Corp. The AI factory will be rolled out across key markets in South Africa,…
In the latest global On-Time Performance (OTP) rankings, Oman Air has taken the top spot, delivering an impressive punctuality rate of 96.37%. Oman Air has the highest punctuality rate of 96.37% in the latest global On-Time Performance rankings On-Time Performance reflects the percentage of flights that depart or arrive within 15 minutes of their scheduled…
The Trump administration has reaffirmed its support for the ambitious Angola-Zambia-DRC rail corridor project in Africa. The Trump administration has reaffirmed its support for the ambitious Angola-Zambia-DRC rail corridor project The project has garnered significant support from international entities, with funding commitments exceeding $1 billion The project is seen as a crucial component of Africa’s…
MTN Group has formed a strategic partnership with UK-based video software company Synamedia to create a new streaming platform. MTN Group forms strategic partnership with Synamedia to create new streaming platform for mobile and fibre users in Africa. MTN evolving into tech-driven media player, expanding into fintech, digital services, and entertainment. MTN enters the streaming…
The combined net worth of African billionaires for the first time has crossed the $100 billion threshold, as per Forbes. The combined net worth of African billionaires has crossed $100 billion for the first time, as per Forbes. Aliko Dangote, Africa’s richest man, secured the top spot on Forbes’ list of African billionaires. The combined…
As the Alliance of the Sahel States (AES), a very young regional group consisting of Burkina Faso, Mali, and Niger, continue to seek full administrative autonomy, they are looking to Russia for key defense partnerships. The Alliance of the Sahel States (AES) comprising Burkina Faso, Mali, and Niger is seeking full administrative autonomy The AES…
Zimbabwe’s President Emmerson Mnangagwa has announced a suspension of tariffs on US imports, aiming to strengthen bilateral trade ties with the United States. Zimbabwe’s President has suspended tariffs on US imports to strengthen trade ties The move is in response to the 18% tariffs imposed on Zimbabwean exports by the US Introduction of ‘Liberation Day’…
There seems to be a contradiction in the Nigerian oil market given the considerable shift in crude prices, spurred by Donald Trump’s tariff policy. Crude prices fell to $65 per barrel due to Trump’s import tariffs and OPEC+ supply increase. Landing cost of petrol dropped to N865, but ex-depot petrol price increased to N900 per…
France and Algeria have agreed to renew cooperation across all sectors, marking a significant step toward normalizing bilateral ties after a prolonged period of diplomatic tension. France and Algeria have agreed to renew cooperation across all sectors The renewed engagement is part of a broader effort by Paris to reset its relationship with its former…
Libya’s central bank announced a 13.3% devaluation of the dinar setting, a new official exchange rate of 5.5677 to the U.S. dollar. Libya’s central bank devalued the dinar by 13.3% to 5.5677 to the U.S. dollar. The parallel market rate for the dinar is much lower at 7.20 to the dollar. A power struggle over…
The United States has announced plans to revoke all visas held by South Sudanese passport holders, citing South Sudan’s refusal to accept the return of its repatriated citizens. The U.S. plans to revoke all visas held by South Sudanese passport holders due to South Sudan’s refusal to accept repatriated citizens. South Sudan is at risk…
Africa’s political landscape is shaped by a diverse range of older leaders, many of whom bring decades of experience to the table. Business Insider presents Africa’s top 10 oldest senate presidents The list is courtesy of the Inter Parliamentary Union (IPU) There are growing debates about whether these senior leaders, who are often well past…
The United States has relayed its commitment to providing significant support for the mineral deal it has negotiated with the Democratic Republic of Congo (DRC). The United States commits to supporting a mineral deal with the Democratic Republic of Congo (DRC) The deal involves access to DRC’s critical mineral exports in exchange for U.S. military…
In a strategic move to broaden its global reach, Dangote Refinery has significantly increased its exports to the Asian market in response to growing demand for refined petroleum products. Dangote Refinery has increased exports to the Asian market due to growing demand for refined petroleum products Asia emerged as the top destination for fuel oil…
Libya recently expelled 10 aid groups from its borders, alleging what it described as a plot by said groups to change the country’s ‘demographic composition’. Libya expelled 10 aid groups, accusing them of trying to change the country’s demographic composition. Expelled aid groups include Doctors Without Borders, UN refugee agency, and Norwegian Refugee Council. Libyan…
In recent years, several African countries have signed nuclear cooperation agreements with Russia, intending to employ nuclear technology for initiatives such as energy generation, medicinal applications, and agricultural developments. Business Insider Africa presents the list of African countries with a nuclear cooperation agreement with Russia. This list is courtesy of the Grey Report. Several African…
Nigeria is reportedly making substantial advancements with its planned smart cities and contemporary infrastructure, utilizing geospatial technologies. Nigeria is making progress with smart cities and contemporary infrastructure using geospatial technologies. Surveyor-General emphasized the country’s commitment to utilizing technology for its interests. Significant advancement in mapping with 20 out of 35 blocks approved. At what was…
Ghana’s annual consumer inflation rate has continued its downward trend for the third straight month, falling to 22.4% in March 2025, down from 23.1% in February, according to data from the Ghana Statistical Service (GSS). Ghana’s annual consumer inflation rate dropped to 22.4% in March 2025, down from 23.1% in February The decline was attributed…
South Africa has indicated that responding with a counter-tariff to the United States’ new trade policy may not be the best course of action. U.S. President Donald Trump recently introduced a sweeping tariff policy affecting over 180 countries, including several in Africa. South Africa hesitant to respond with a counter-tariff to US trade policy. New…
Given the budding relationship between Russia and Niger, Russia both countries have decided that its time to establish a Russian embassy in the West African state. Russia plans to establish a new embassy in Niger by 2025. Niger, Mali, and Burkina Faso reject Western partnerships and are building a relationship with Russia. Burkina Faso reopened…
AGOA (the African Growth and Opportunity Act) has been a key element of U.S. economic policy and engagement with Africa since its creation in 2000. Business Insider Africa presents African countries that are ineligible for U.S. AGOA. Presently, 32 countries are eligible for AGOA benefits. The list is courtesy of AGOA info. AGOA (the African…
Russia has agreed to supply arms and military training to a newly established joint force formed by Mali, Niger, and Burkina Faso. Russia to supply arms and military training to joint force of Mali, Niger, and Burkina Faso. Moscow leverages instability in West Africa’s Sahel to expand influence and support resentment toward Western intervention. Kremlin-linked…
The United States is in discussions to invest billions of dollars in the mineral-rich Democratic Republic of Congo and is also seeking to help end the ongoing conflict in the country’s east. The United States is discussing investing billions of dollars in the mineral-rich Democratic Republic of Congo. The U.S. is also seeking to help…
In an effort to bolster its security infrastructure, the West African country of Nigeria has unveiled its advanced home made drones. Nigeria unveiled advanced homemade drones in partnership with Briech UAS The Chief of Defence Staff highlighted that the drones will greatly improve operational efficiency Manufacturing drones locally reduces Nigeria’s dependence on foreign resources and…
The recently released Fortune 100 Best Companies to Work has shown a significant shift in workplace culture, with technology and financial services companies dominating the rankings. Business Insider Africa presents the top 10 best companies for work ranking The ranking is courtesy of the Fortune 100 Best Companies to work in 2025 Technology and financial…
Considering that the United States’ president, Donald Trump suspended USAID for 90 days, it is interesting to note that aid from the United States is still flowing into numerous African countries. Business Insider Africa presents the top 10 African countries that have received the most aid from the U.S. in 2025 so far. This list…
When it comes to navigating a city, a reliable and efficient public transport system can make all the difference. Cities stand out for seamless, efficient, and comfortable public transport Public transport systems contribute to sustainability, reduced traffic congestion, and better quality of life Top 10 cities with best public transport systems according to TimeOut Several…
The Economic Community of West African States (ECOWAS) has called for a meeting later this month to address the recent 0.5% import duty imposed by the Alliance of Sahel States on goods from ECOWAS member nations. ECOWAS to address 0.5% import duty by Alliance of Sahel States in upcoming meeting Analysts criticize ECOWAS for failure…
Algeria’s national carrier, Air Algérie, is set to launch direct flight services to Nigeria on April 6, 2025, as revealed in a statement by Nigeria’s Ministry of Foreign Affairs. Air Algérie is launching direct flight services to Nigeria on April 6, 2025 The launch follows the approval of a Foreign Carrier Operating Permit by the…
Namibia’s energy potential has been on full show for the last few years. As it stands, this possibility has piqued the interest of a significant global power, Russia, which appears to be interested in a nuclear agreement with the Southern African country. Namibia’s energy potential has attracted the interest of Russia for a nuclear agreement.…
Africa’s trade relationship with the U.S. is about to experience a major shift, as President Donald Trump recently unveiled a bold new tariff policy targeting more than 180 countries, including several African nations. Business Insider Africa presents the full list of Trump’s reciprocal tariffs for African countries. Trump has labeled the implementation of these tariffs as…
The Ghanaian Cedi secured the seventh position among Africa’s strongest currencies as of the end of the first quarter of 2025, according to data compiled using the Forbes currency calculator. Ghanaian Cedi ranked seventh among Africa’s strongest currencies in Q1 2025 Cedi depreciated by 5.3% on the interbank market and 3.0% against the US dollar…
The Democratic Republic of Congo (DRC) has dismissed claims that U.S. pressure played a role in the decision to commute the death sentences of three Americans involved in the failed May 2024 coup attempt. The DRC has dismissed claims of U.S. pressure in commuting death sentences of three Americans Decision to commute sentences based on…
The president of Nigeria, Bola Tinubu is set to visit Paris for the next two weeks, in what has been described as a work visit. Nigerian President Bola Tinubu to visit Paris for a two-week work visit The visit will involve reviewing his administration’s achievements and planning for the future The trip includes an appraisal…
The world’s economic power structure is expected to undergo significant transformations by 2075, with emerging markets taking centre stage. China and India projected to lead the global economy by 2075 Shift towards emerging economies from Asia and Africa, challenging the dominance of Western economies Indonesia, Nigeria, and Pakistan set to make substantial economic gains According…
U.S. President Donald Trump has approved the appointment of a new Africa advisor. President Trump has appointed Massad Boulos as Senior Advisor for Africa Boulos will embark on a diplomatic mission to the Democratic Republic of the Congo, Rwanda, Kenya, and Uganda The trip aims to promote peace in the eastern DRC and encourage U.S.…
The government of the Democratic Republic of Congo (DRC) and the Rwanda-backed M23 rebels have agreed to hold direct peace talks, sources from both parties confirmed. ‘ The DRC government and Rwanda-backed M23 rebels have agreed to direct peace talks, facilitated by Qatari mediation The talks, scheduled for April 9, are a potential breakthrough in…
As African nations strive for economic stability and development, national budgets play a crucial role in shaping policies and priorities. South Africa leads Africa’s 2025 national budgets with $141.4 billion focused on infrastructure, social services, and economic development Algeria follows closely with a budget of $126 billion, largely invested in energy and defence The 2025…
Nigeria’s president, Bola Tinubu, has made significant changes to the Nigerian National Petroleum Company Limited (NNPC) board with the appointment of Bayo Ojulari as its new CEO. Bayo Ojulari has been appointed as the new CEO of NNPC, while Ahmadu Musa-Kida is the non-executive chairman Ojulari has a distinguished career in Nigeria’s oil and gas…
President Bola Tinubu has dismissed the board of the Nigerian National Petroleum Company (NNPC), including its Group Chief Executive Officer, Mele Kyari, and Board Chairman, Pius Akinyelure. President Bola Tinubu has dismissed the board of the Nigerian National Petroleum Company (NNPC). The decision is based on the need for enhanced operational efficiency, restored investor confidence,…
The foreign ministers of Mali, Burkina Faso, and Niger are set to visit Moscow this week as the Sahel nations work to deepen their ties with Russia. Foreign ministers of Mali, Burkina Faso, and Niger to visit Moscow to deepen ties with Russia. The upcoming visit to Moscow is the first session of ‘AES-Russia consultations’…
An apparent yet elusive measure of a country’s naval might and international military might is its destroyer fleet. Business Insider Africa presents the top 10 countries among the elusive club of destroyer-fleet owners. This list is courtesy of data from Global FirePower. The United States ranks number 1 on the list. Only 13 nations have…
Uganda has implemented its steepest power price cut in two decades, driven partly by a strengthening currency that has lowered the cost of imported fuel and power plant components. Uganda implements steepest power price cut in two decades. Electricity tariffs reduced by an average of 14% for the quarter ending June 30. Ugandan shilling appreciated…
Recent data from the Bank of Ghana reveals that the total value of mobile money transactions in Ghana surged to GH₵649.2 billion within the first two months of 2025, marking a substantial 64.7% year-on-year increase. Total value of mobile money transactions in Ghana surged to GH₵649.2 billion in the first two months of 2025, a…
In the ever-changing face of global geopolitics, the G20 countries’ impact in Africa continues to get major attention. Business Insider Africa presents the top 10 G20 countries with the largest influence in Africa. This list is courtesy of the Geopolitical Influence and Peace Report. China ranks number 1 on the list. The G20, which includes…
Nigeria is set to receive a fresh $632 million loan from the World Bank, despite growing concerns over its rising debt profile. Nigeria is set to receive a $632 million loan from the World Bank for economic reforms and development projects The loan is aimed at supporting projects such as Accelerating Nutrition Results and HOPE…
The military-led alliance of Sahel states has imposed a 0.5% import duty on goods from ECOWAS nations, marking a significant escalation in the ongoing tensions between the two blocs. Sahel alliance imposes 0.5% import duty on ECOWAS goods This marks the end of free trade across West Africa and highlights a growing rift between Sahel…
The continent has the highest average Brand Strength score globally, at 80.21, meaning African banking brands typically score AAA. Business Insider Africa presents the top 5 African banks with the biggest brand value. The list is courtesy of Brand Finance. African bank brands generated $15.2 billion in new value, highlighting the sector’s strength and growing…
A UAE-backed company has secured a major contract to build Uganda’s first crude oil refinery, a 60,000-barrel-per-day (BPD) facility, marking a significant milestone in the country’s energy sector. UAE-backed company secures contract to build Uganda’s first crude oil refinery The refinery is located in Kabaale, Hoima District, with a capacity of 60,000 barrels per day…
Aliko Dangote, Africa’s richest man, has once again secured the top spot on Forbes’ list of African billionaires, reinforcing his dominance in the continent’s business landscape. Aliko Dangote remains Africa’s richest man, with a net worth of $23.9 billion Forbes 2025 African billionaire list shows combined fortunes of $105 billion for 22 billionaires South Africa…
Russian arms sales to African countries have risen significantly beyond those of other major arms suppliers, considering the activities of the Wagner group in Africa. Business Insider Africa presents the top 10 African countries that have bought the least weapons from Russia. This list is courtesy of the Grey Report. CAR and Guinea are the…
While many African countries struggle with high debt burdens to the International Monetary Fund (IMF), some countries have distinguished themselves by managing their debt loads effectively. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF in March 2025. This list is courtesy of data from the International Monetary…
Somalia is ready to grant the United States exclusive access to key air bases and ports, according to a letter from President Hassan Sheikh Mohamud to President Donald Trump. Somalia offers exclusive access to air bases in Balidogle and Berbera, as well as ports in Berbera and Bosaso to the United States. The offer aims…
Kenya has emerged as the largest importer of second-hand clothes in Africa, earning the unfortunate distinction of being an easy dumping ground for used apparel while struggling to revive its collapsed textile industry. Kenya is the largest importer of second-hand clothes in Africa, surpassing Nigeria Kenya imported second-hand clothes and textiles worth Sh38.5 billion in…
The global economy is significantly concentrated, with just three regions—North America, East Asia, and Europe—accounting for approximately 50% of the world’s Gross Domestic Product (GDP). North America, East Asia, and Europe account for 50% of the world’s GDP Africa lags behind in GDP contribution despite abundant resources and growing workforce Africa has the potential to…
Tony Elumelu, a renowned Nigerian billionaire and business leader, has been appointed to the International Monetary Fund’s (IMF) Advisory Council on Entrepreneurship and Growth. Tony Elumelu appointed to IMF’s Advisory Council on Entrepreneurship and Growth Council’s mission is to promote resource allocation, innovation, and sustainable private sector-led economic growth Elumelu’s appointment solidifies his influence in…
Russia’s largest automaker, AvtoVAZ is making a significant move into the Nigerian market as plans for a local assembly plant gain momentum. Russia’s largest automaker, plans to establish a car assembly plant, spare parts hub and service center in Nigeria AvtoVAZ’s entry into the Nigerian market aims to offer affordable, locally assembled vehicles to compete…
The world’s top healthcare systems continue to set benchmarks in efficiency, accessibility, and innovation. Top healthcare systems in 2024 set benchmarks in efficiency, accessibility, and innovation African nations face unique healthcare challenges and can learn from top-performing countries Investing in modern hospitals, healthcare centers, and efficient supply chains is critical for African countries According to…
Similar to its last update, the report by the Organization of the Petroleum Exporting Countries (OPEC), showed that Nigeria produced the most oil in Africa, for the month of February. Business Insider Africa presents the top 5 African countries that produced the most oil for global consumption in February 2025. This list is courtesy of…
Ghana’s total public debt declined by GH¢15.8 billion in December 2024, bringing the total debt stock to GH¢726.7 billion, according to the Bank of Ghana’s March 2025 Summary of Financial and Economic Data. Ghana’s total public debt decreased by GH¢15.8 billion in December 2024 Total debt stock was GH¢726.7 billion, equivalent to 61.8% of GDP…
For many African countries, currency value decline is a recurring problem that reflects underlying economic weaknesses including excessive reliance on imports, high inflation, unstable political environments, and unmanageable debt levels. Business Insider Africa presents the top 10 African countries with the weakest currencies in March 2025. This list is courtesy of the Forbes currency calculator.…
According to data from U.S. Foreign Assistance, in 2024, Rwanda received around $162 million in total U.S. funding, the 23rd highest funds received by an African country. In 2024, Rwanda received $162 million in total US funding, ranking 23rd highest in Africa. The funds were used for health, administrative duties, education, and agriculture. US disbursements…
MTN Group’s South African unit and U.S.-based low-Earth orbit (LEO) satellite provider Lynk Global announced that they have successfully made Africa’s first phone call via satellite. MTN Group’s South African unit and Lynk Global successfully made Africa’s first phone call via satellite. The breakthrough could help extend mobile coverage to underserved and rural areas. Satellite…
At least six people lost their lives when the “Sindbad” viewing submarine, carrying tourists, sank off the coast of Hurghada, a resort on Egypt’s Red Sea. The “Sindbad” viewing submarine sank off the coast of Hurghada, Egypt, resulting in at least six fatalities. The submarine had 50 people onboard, including tourists from Russia, India, Norway,…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced it is in the final stages of securing a listing on the capital market. NNPC Ltd is in the final stages of securing a listing on the capital market. NNPC Ltd is engaging with potential partners through the ‘NNPC Ltd. IPO Beauty Parade’ initiative. The…
Zambia’s economy outperformed expectations last year, surpassing growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output. Zambia’s economy grew by 4% in 2023, exceeding expectations. The GDP expansion was driven by a sharp rise in fourth-quarter output, with an impressive 8.6% growth in the…
On January 20, 2025, shortly after his inauguration, Donald Trump halted funding from USAID, a key source of aid for Africa. Considering the United States is one of the world’s largest aid providers, this decision raises critical questions about the future of U.S. support, particularly for some African countries. Business Insider Africa presents the top…
Four African countries are teetering on the brink of default as mounting debt burdens, rising interest rates, and declining revenues strain national budgets. African countries are expected to spend approximately $74 billion on debt servicing as of 2024 AFRODAD named the affected countries and called for a UN-led mechanism to assist distressed countries Zambia, Ghana,…
After more than two decades of dormancy, the Port Harcourt refinery has successfully completed 180 days of uninterrupted operation, marking a crucial milestone in Nigeria’s push to revive its domestic refining capacity. Port Harcourt refinery in Nigeria has completed 6 months of uninterrupted operation Nigeria is making significant progress in revitalizing its refining capacity to…
For the first time in over a year, Zambia records an inflation decline, presenting the Southern African country with some much-needed economic relief. Zambia records first inflation decline in over a year. Annual inflation rate declines to 16.5% in March from 16.8% in the previous month. Drop in food prices due to increased rainfall following…
In a recent turn of events, the World Bank has brought to notice, the alarming state of Nigeria’s poor statistical performance. World Bank compares Nigeria’s poor statistical performance to Mexico, Colombia, South Africa, and Brazil. Delegation from World Bank meets with Nigerian Minister of Budget and Economic Planning to express concerns. World Bank recommends annual…
South Africa, in partnership with the World Bank, has launched a $3 billion initiative to restore essential services and improve infrastructure in eight of its largest cities. South Africa and the World Bank launched a $3 billion initiative to improve infrastructure in eight major cities. The plan includes a $1 billion loan from the World…
The company behind Uganda’s EACOP crude pipeline has secured its first tranche of external financing from a consortium of institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday. EACOP secures first tranche of external financing from commercial banks and Afreximbank. The successful closing of the first tranche is a significant milestone for the…
Niger’s junta leader, Abdourahamane Tiani, has been sworn in as president for a five-year transition period under a newly established charter, further cementing military rule in the country. Abdourahamane Tiani sworn in as president of Niger for a five-year transition period under military rule. Tiani dissolved all political parties and tightened his grip on power.…
Amid ongoing diplomatic tensions between the United States and South Africa, President Donald Trump’s appointment of a new US ambassador has fueled further controversy. President Trump’s nomination of Leo Brent Bozell III as the US ambassador to South Africa sparks controversy Trump’s nomination comes at a time of strained relations between the US and South…
Norway has joined Germany in temporarily shutting down its embassy in South Sudan due to escalating violence and concerns that the country is on the verge of civil war. Norway has temporarily closed its embassy in South Sudan due to escalating violence and fears of civil war Tensions between President Salva Kiir and Vice President…
On Monday, Shola Akinlade, the CEO of one of Nigera’s largest tech firms; Paystack, launched his new product, Zap, a payment system that allows international visitors in Nigeria to make seamless payments with foreign cards. Unfortunately, since then the product has been met with an unexpected controversy. Shola Akinlade, CEO of Paystack, launched Zap, a…
Significant debt loads to the International Monetary Fund (IMF) have characterized the financial reality of several African countries in recent decades. IMF debts continue to remain a subject of contention. Business Insider Africa presents the top 10 African countries with the highest debt to the IMF in March 2025. This list is courtesy of data…
According to the 2025 Edelman Trust Barometer, media trust levels vary significantly across different regions. While some countries exhibit strong confidence in their media institutions, others remain highly sceptical. China, Indonesia, and India lead in media trust with 75% and 67% respectively Japan and South Korea show widespread scepticism towards their media with 33% and…
The world’s worst humanitarian crises in 2025 reflect a troubling trend of escalating conflicts, economic instability, and climate-induced disasters. The world’s worst humanitarian crises in 2025 reflect escalating conflicts, economic instability, and climate-induced disasters 34.8 million people faced critical humanitarian needs due to overlooked emergencies in 2024 alone Sudan remains the most severe humanitarian crisis…
Uganda’s financial losses due to anti-gay policies are estimated at $586 million to $2.4 billion per year, affecting tourism, international aid, and trade. Business Insider Africa presents how much East African countries are losing to anti-gay discrimination. This is courtesy of Open for Business. LGBTQ discrimination already costs Kenya $360 million to $1.5 billion annually.…
Ghana’s Finance Minister, Dr Cassiel Ato Forson, has reiterated the government’s determination to eliminate illegal gold smuggling and ensure the nation fully capitalises on its gold wealth. Ghana’s Finance Minister is determined to eliminate illegal gold smuggling and fully capitalize on the nation’s gold wealth Approximately 60 tonnes of gold, valued at $1.2 billion, were…
Two of Africa’s telecommunications powerhouses, MTN and Airtel have agreed to collaborate in a couple of its major markets, Nigeria and Uganda. MTN and Airtel are collaborating in Nigeria and Uganda to share phone network infrastructure. The collaboration is driven by the increasing demand for digital services and the high cost of establishing and running…
Donald Trump ceased disbursements from USAID, one of Africa’s main foreign aid funders, on January 20, 2025. Given that the U.S. is one of the largest aid donors in the world, the move begs the question of what is next, particularly for Africa. Business Insider Africa presents the top 10 African countries the United States…
Government debt remains a pressing economic challenge for many African nations, with some countries grappling with alarmingly high debt-to-GDP ratios. Sudan has the highest government debt in Africa with a debt-to-GDP ratio of 344.4% Zimbabwe ranks second with a debt ratio of 98.5% Many African countries are seeking assistance from international financial institutions to manage…
Nigeria, as Africa’s largest economy, maintains a diverse and dynamic import market driven by its need for essential commodities, industrial materials, and consumer goods. Business Insider Africa presents the top five countries Nigeria imported the most goods from in Q4,2024 The report is courtesy of the Foreign Trade in Goods Statistics of the NBS China…
Kenya Airways announced on Tuesday that it recorded a pretax profit in 2024, marking its first positive earnings in more than a decade. Kenya Airways recorded its first pretax profit in more than a decade in 2024. The airline reported a significant turnaround with a pretax profit of 5.53 billion shillings. The airline had been…
Ghana and Morocco have reached a landmark agreement to waive visa requirements for travellers from both countries, a move expected to enhance diplomatic relations and foster economic cooperation. Ghana and Morocco have waived visa requirements for travelers from both countries The agreement will be presented to both nations’ parliaments for approval Morocco has doubled its…
East Africa in recent months has been home to several bloody conflicts including the devastating fight between the Democratic Republic of Congo (DRC) and M23 rebels. There is also the Sudanese war and tensions between Ethiopia and Eritrea. Despite this, Burundi’s president has warned of another potential conflict between his country and Rwanda. Several conflicts…
In recent years, Africa has seen an influx of foreign partnerships from countries looking to gain a strategic advantage on the global stage. Among countries like the US and Russia, India also seems to be on the hunt for Africa’s cooperation. India has launched the India-Africa Key Maritime Engagement (AIKEYME) initiative to strengthen its naval…
U.S. jet fuel imports are on track to reach their highest level in two years this March, driven in part by shipments from Nigeria’s Dangote refinery to North America. U.S. jet fuel imports is set to reach highest level in two years in March. Nigeria’s Dangote refinery contributes to surge in U.S. jet fuel imports.…
Africa’s solar energy market is expanding rapidly, driven by declining costs, rising energy demand, and supportive policy frameworks. Business Insider Africa presents the top 10 African solar markets by new solar installation The list is courtesy of the Africa Market Outlook for Solar PV report by the Global Solar Council Sub-Saharan Africa has been projected…
The latest projections from the International Monetary Fund (IMF) reveal that Africa and Asia will dominate the list of the world’s fastest-growing economies in 2025. Africa and Asia are projected to dominate the list of the world’s fastest-growing economies in 2025 South Sudan has the highest projected economic growth rate at 27.2%, but faces challenges…
For nightlife enthusiasts across the globe, 2024 brings a fresh list of must-visit destinations where the party never stops. Rio de Janeiro, Brazil is the top nightlife capital with beachside parties and samba clubs Lagos and Accra, African cities, are on the list, showcasing the continent’s growing influence in global entertainment Manila offers a mix…
Cassava Technologies, founded by Zimbabwean telecoms mogul Strive Masiyiwa, has partnered with Nvidia Corp. to establish Africa’s first artificial intelligence (AI) factory. Cassava Technologies, founded by Strive Masiyiwa, and Nvidia Corp. will establish Africa’s first AI factory. The company plans to integrate Nvidia’s computing and AI software into data centres in South Africa, with expansion…
A new African country is set to assume the role of mediator in the ongoing Rwanda-Congo peace talks following the decision of the current mediator to step down. A new African country is set to take over as the mediator in the Rwanda-Congo peace talks. Angola has stepped down as the mediator, citing frustration with…
The global aviation analytics firm Cirium has released its list of the most reliable airlines in the world for 2024, spotlighting top-performing carriers known for punctuality, operational excellence, and customer satisfaction. Cirium released the list of most reliable airlines in the world for 2024, featuring airlines from Latin America, Europe, North America, and the Middle…
In today’s interconnected world, global brands serve as powerful symbols of economic influence, cultural impact, and corporate excellence. Business Insider Africa presents the top 10 countries with the most influential companies in 2025 The ranking is courtesy Brand Finance’s 500 2025 ranking The United States leads with 201 brands, accounting for 52.9% of total brand…
Skytrax unveils the leading low-cost airlines of the year, with affordability and service quality in focus. Renowned aviation ranking body Skytrax has released its list of the world’s best low-cost airlines for 2024, highlighting carriers that offer excellent value without compromising on customer satisfaction. Leading the list once again is Malaysia’s AirAsia, maintaining its dominance…
Namibia has achieved a significant milestone by appointing Lucia Witbooi as its vice president, making it the only African nation with both a female president and vice president. Namibia appointed Lucia Witbooi as vice president, making it the only African nation with a female president and vice president Lucia Witbooi is the 18th female African…
With a strong love for football, it’s no surprise that Africa is home to some truly impressive stadiums. Business Insider Africa presents the top 10 biggest football stadiums in Africa. From local derbies to international showdowns, the passion for the game runs deep across the continent. Each of these stadiums carries a story, a legacy,…
Sierra Leone, however, holds the position of Africa’s least happy country, ranking 146th globally with a low score of 2.998. Malawi follows at 144th with 3.260, while Zimbabwe ranks 143rd with a score of 3.396. Business Insider Africa presents the top 10 least happy countries in Africa in 2025. The list is courtesy of the…
Germany has temporarily shut down its embassy in Juba, the capital of South Sudan, due to escalating tensions that have pushed the country toward the brink of civil war. Germany temporarily shuts down its embassy in Juba due to escalating tensions. Fears arise that South Sudan may relapse into civil war after emerging from a…
Burkina Faso has inaugurated a new cement plant, Société Industrielle Sino Burkina de Ciments SA (CISINOB SA), in Laongo, Plateau-Central region. Burkina Faso inaugurates new cement plant, CISINOB SA, with 2,000-tonnes-per-day capacity. Plant is a mutually beneficial partnership between Burkina Faso and China. Part of Burkina Faso’s strategy to pursue economic development free from Western…
Nigeria is looking at an influx of imported Premium Motor Spirit, popularly called petrol, following the halt of the Naira-for-Crude initiative. This denotes that local production of petrol, particularly by the Dangote Refinery, could take a hit. Nigeria is expecting an influx of imported petrol following the halt of the Naira-for-Crude initiative. Dangote Refinery’s local…
President Donald Trump has reinstated funds for critical USAID-backed programs in three African nations run by a Christian humanitarian organization. Trump reinstates funds for USAID-backed programs in South Sudan, Sudan, and Congo The decision follows a U.S. Supreme Court ruling ordering the reversal of the aid freeze Samaritan’s Purse received $19 million in previously frozen…
On January 20, 2025, US President Donald Trump signed an executive order halting USAID disbursements for 90 days. Speculations around the move suggested that Africa may be the worst hit. US President Donald Trump signed an executive order halting USAID disbursements for 90 days. African countries like South Sudan, DR Congo, and Somalia were expected…
Nigeria is a leading oil-producing country in Africa, with crude oil dominating its economy. Nigeria is a leading oil-producing country in Africa, with crude oil dominating its economy Nigeria’s oil wealth is concentrated in the Niger Delta region, with Akwa Ibom leading in crude oil production Many oil-producing states in Nigeria remain underdeveloped with high…
Nandi-Ndaitwah, 72, has been sworn in as the first female president of Namibia, a southwestern country on the brink of an oil and gas boom. Nandi-Ndaitwah has been sworn in as first female president of Namibia. Her presidency extends SWAPO’s 34-year rule in Namibia. Namibia is on the brink of becoming a major oil and…
The global shift from cash, towards digital payments is gaining momentum, with Nigeria leading the charge. Nigeria leads in the decline of cash transactions among major economies Nigeria recorded the most significant decline in cash transactions among seven major economies between 2014 and 2024 Digital wallets account for over a third of global consumer-to-business spending…
China and South Africa partnered together to create the world’s longest quantum communications link, via the University of Science and Technology of China (USTC) and Stellenbosch University in South Africa. China and South Africa partnered to create the world’s longest quantum communications link. The link spans 12,900 kilometers and utilized China’s Jinan-1 quantum microsatellite. Scientists…
The Sudanese army announced that it had taken complete control of the Presidential Palace in downtown Khartoum. Sudanese army takes control of the Presidential Palace in Khartoum. Conflict erupted in April 2023 due to failed power-sharing deal after military coup. Sudanese army regains ground in central Sudan, reclaiming key areas and ministries. The Sudanese army…
While African nations often appear lower in these rankings, some countries are making notable progress. In the latest report, Mauritius leads as the happiest country in Africa, ranking 78th globally with a score of 5.832. Business Insider Africa presents the top 10 happiest countries in Africa in 2025. The list is courtesy of The World…
A U.S. court has awarded Ghanaian investigative journalist Anas Aremeyaw Anas $18 million (£14 million) in damages after a jury ruled that he was defamed by former Ghanaian MP Kennedy Agyapong. Anas Aremeyaw Anas was awarded $18 million in damages by U.S. court. Defamation case stems from remarks made by former Ghanaian MP Kennedy Agyapong…
Morocco plans to invest 15 billion dirhams ($1.55 billion) in constructing a new terminal at Casablanca’s largest airport. Morocco plans to invest $1.55 billion in constructing a new terminal at Casablanca’s largest airport. The terminal is part of Morocco’s infrastructure upgrades to support its co-hosting of the 2030 FIFA World Cup. Morocco aims to attract…
The Bank of Ghana (BoG) has firmly refuted claims circulating in the media that MTN Ghana has been granted a licence to facilitate cross-border money transfers with MTN Nigeria. Bank of Ghana denies claims of MTN Ghana being licensed for cross-border money transfers with MTN Nigeria MobileMoney Limited, behind MTN MoMo, has not been authorized…
The Minister for Fisheries and Aquaculture Development, Emelia Arthur, has announced that the close fishing season for artisanal fishermen will not be enforced in 2025. Close fishing season for artisanal fishermen will not be enforced in 2025 to safeguard small-scale fishers’ livelihoods Industrial trawlers will still be subject to the annual two-month restriction for conservation…
As various African countries broaden their views on what international relations should include, certain regions have developed anti-colonial feelings, translating to anti-West sentiments. They have instead chosen to collaborate with Eastern countries such as Russia and China. With this transformation comes an inflow of Russian military involvement, including mercenaries or, more specifically, the Wagner group.…
Niger expelled three Chinese oil executives amid a dispute over salary disparities between expatriate staff and lower-paid local workers. Niger expelled three Chinese oil executives over salary disparities. Chinese employees earned $8,678 per month while Nigerien employees received $1,200. Niger and other West African military regimes are aiming to reduce foreign dominance over natural resources.…
A new assessment of gender equality and economic inclusion has identified ten African countries where women are experiencing greater access to economic opportunities, from employment and entrepreneurship to financial independence and property ownership. Top 10 African countries identified for expanding economic opportunities for women Progress attributed to legislation, financial inclusion strategies, and access to education…
Rwanda’s gold export industry is facing a significant setback following new sanctions imposed by the European Union (EU). EU imposes sanctions on Rwanda’s gold exports due to suspected trade of conflict minerals from DRC Critics argue that Rwanda’s gold trade benefits from exploitation of mineral resources in conflict-ridden eastern DRC Rwanda’s gold export, worth $885…
A Congolese ministerial committee has proposed additional measures to strengthen the temporary ban on cobalt exports, including collaboration with Indonesia, the world’s second-largest supplier of the critical battery metal. Cobalt prices have rebounded since the export suspension, driven by a global oversupply and weakened demand from automakers. The Democratic Republic of Congo proposed additional measures…
Several agencies in Nigeria receiving funding from foreign donors, including the now disbanded United States Agency for International Development (USAID), are facing heightened scrutiny from the country’s parliament. Nigerian parliament scrutinizing non-profit organizations funded by foreign donors Investigation initiated following allegations of USAID’s influence on terrorism in Nigeria Probe criticized as an attempt to undermine…
In the previous fiscal year, 1.1 billion apps were downloaded in Sub-Saharan Africa. Also, projections show that in 2025, app usage and purchases are set to generate $1 billion in revenue for Africa. 1.1 billion apps were downloaded in Sub-Saharan Africa in the previous fiscal year. In 2025, app usage and purchases are projected to…
The halt in the Naira-for-Crude initiative by the Nigerian National Petroleum Company (NNPC) could create some complications in Nigeria energy sector, as the Dangote Refinery has not only halted sale of premium motor spirits otherwise known as petrol, but is now looking at the possibility of selling the product in Dollars. NNPC’s halt in the…
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has announced the revocation of all small-scale mining licences issued after the 7 December 2024 general elections. Revocation of all small-scale mining licenses issued after 7 December 2024 announced by Minister for Lands and Natural Resources to combat illegal mining Joint review by key state…
Following in the footsteps of its fellow Alliance of Sahel State members (AES); Niger, Mali has decided also to exit the Organisation Internationale de la Francophonie (OIC). Mali has decided to exit the Organisation Internationale de la Francophonie (OIC). Mali cited selective sanctions and disregard for its sovereignty as reasons for the exit. The three…
The recent peace talks between Rwandan President, Paul Kagame and Democratic Republic of Congo’s President Félix Tshisekedi offer a glimmer of hope for ending the long-standing conflict between their nations. Peace talks between Rwandan President and DR Congo’s President offer hope for ending conflict The talks in Qatar were mediated by Qatar’s Emir Sheikh Tamim…
Ghana’s economy is projected to maintain its growth momentum into 2025, with Gross Domestic Product (GDP) forecast to expand by 5.4% year-on-year, according to Jibran Qureishi, Head of Africa Research at Standard Bank Group. Ghana’s GDP projected to grow by 5.4% in 2025 Mining sector, especially gold production, driving economic resurgence Challenges persist in non-mining…
Dangote Refinery may withhold petrol supply to the Nigerian market due to unresolved issues surrounding the naira-for-crude oil exchange deal. Dangote Refinery may withhold petrol supply to the Nigerian market due to unresolved issues The unresolved naira-for-crude arrangement has created uncertainties regarding crude supply Negotiations are ongoing for a new deal with Dangote Refinery after…
According to the latest data from the Global Anti-Scam Alliance (2023–2024), the United States tops the global list of countries losing the most money per victim to scams, with an average loss of $3,500 per person. Denmark follows with $3,100, while Switzerland, Sweden, and South Korea each report average losses between $2,700–$3,000. Here’s a breakdown…
The president of the oil-producing nation of Nigeria, Bola Tinubu, recently declared a state of emergency in the country’s primary oil-producing region, Rivers State, led by Governor Sim Fubara. President of Nigeria, Bola Tinubu, declared state of emergency in Rivers State due to political crises and oil pipeline explosion. The state governor, Sim Fubara, and…
Tanzania’s economy might be booming, but its currency is taking a hit, and it may take some time before the local currency benefits. Tanzania’s economy is growing, but its currency has dropped 8.9% this year, making it the worst-performing currency in the world. The decline is driven by rising imports and increasing public debt linked…
Thousands of African locals have shared their insights on the best cities for food, ranking them based on quality, affordability, and a range of attributes, from family-friendliness to innovation. Business Insider Africa presents the African cities ranked among the 20 best food cities globally in 2025. The list is courtesy of Time Out. Cape Town…
Nigeria’s Trans Niger Pipeline (TNP), a key crude oil transportation route to the Bonny export terminal, has been shut down following an explosion that triggered a fire. Trans Niger Pipeline (TNP) shut down after explosion and fire. Pipeline sabotage and crude oil theft continue to be major issues in Nigeria’s oil industry, causing major international…
The Economic Community of West African States (ECOWAS) has sounded the alarm over the growing food crisis across West Africa and the Sahel, warning that without immediate intervention, millions could face acute hunger. ECOWAS warns of a growing food crisis in West Africa and the Sahel Nearly 34.7 million people are in immediate need of…
The Federal High Court in Abuja has dismissed NNPCL’s attempt to block Dangote Petroleum Refinery’s N100 billion import license lawsuit, ruling that the case can proceed. NNPCL’s attempt to block Dangote Refinery’s import license lawsuit was dismissed by the Federal High Court in Abuja. The court ruled that the case can proceed and criticized NNPCL…
Akua Djanie Blakofe, former Deputy CEO of the Ghana Tourism Development Company (GTDC), has called for the immediate removal of all signposts across Ghana that feature Chinese inscriptions. Former Deputy CEO of GTDC calls for removal of signposts with Chinese inscriptions in Ghana Argues that Ghana should project its cultural identity through language and remove…
In a time when populist rhetoric and anti-science sentiment dominate global headlines, a landmark international study has found that trust in science remains strong—particularly in Africa. Trust in science remains strong globally, especially in Africa African nations like Egypt, Nigeria, and Kenya rank among the top five globally in public trust in scientists Citizens in…
According to the Major Energies Marketers Association of Nigeria, as seen in a recent report, oil marketers are now buying Premium Motor Spirit (petrol) for N797.66 per liter. Oil marketers in Nigeria are buying petrol for N797.66 per liter. Dangote Refinery initiated a price war, forcing independent oil marketers to run at a loss. The…
To further enforce its new policy of anti-colonial influence, the predominantly French-speaking West African country of Niger has exited the Organisation Internationale de la Francophonie (OIC). Niger has exited the Organisation Internationale de la Francophonie (OIC). The country formed a regional alliance with Burkina Faso and Mali to create the Alliance of the Sahel States…
Egyptian President Abdel Fattah al-Sisi announced on Monday that the Suez Canal is losing around $800 million in revenue each month due to regional instability. President al-Sisi announced Suez Canal is losing around $800 million monthly. Houthi rebels responsible for disrupting global shipping and increasing costs. President Sisi estimated disruptions could cost Egypt $7 billion…
Aliko Dangote, President of Dangote Group, has unveiled plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. Aliko Dangote plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. His company, Dangote Group, has resumed construction of a 6-million-metric-ton-per-annum cement factory in Itori, expected…
A $160 million South African phosphate mine, owned by billionaire Patrice Motsepe’s African Rainbow Capital Investments Ltd., is facing a new legal challenge after more than a decade of environmental disputes. The Elandsfontein Mine, owned by African Rainbow Capital Investments Ltd., faces new legal challenge from the World Wildlife Fund (WWF). The lawsuit was filed…
Nigeria recorded its highest spending on arms and ammunition imports in five years, with over ₦520 billion worth of weaponry brought into the country in 2024 alone. Nigeria’s highest spending on arms and ammunition imports in five years, with over ₦520 billion worth of weaponry brought into the country in 2024 2024 imports accounted for…
According to the TomTom Traffic Index, London has once again claimed the top spot as the city with the longest average commute time in the world, with drivers spending an average of 37 minutes and 20 seconds to travel just 10 kilometres. London has the longest average commute time in the world – 37 minutes…
Given Aliko Dangote’s momentum in the energy market via the Dangote Refinery, the Nigerian billionaire is set to introduce a new product soon. Aliko Dangote is set to introduce a new polypropylene product to the market. Dangote has begun the startup of its polypropylene facility in Nigeria’s commercial hub, Lagos. The facility will entirely satisfy…
Midway through the 2020s, it’s worth reflecting on the economic trajectory of the world’s largest economies. Using inflation-adjusted data from the International Monetary Fund (IMF), the following table outlines the top 10 countries by GDP growth between 2015 and 2025. China had a 74% GDP growth from $11.2 trillion in 2015 to $19.5 trillion in…
MTN Group reported a 68.9% decline in full-year earnings on Monday, citing currency devaluation and operational challenges in Sudan. MTN Group reported a 68.9% decline in full-year earnings. Challenges in Sudan and currency devaluation in Nigeria impacted performance. Despite challenges, MTN saw growth in its customer base with total subscribers reaching 290.9 million. MTN Group…
Throughout history, the deadliest disease outbreaks and pandemics have decimated societies, killing millions. From the Black Death to Covid-19, these outbreaks have changed societies forever. Five years after Covid-19 was declared a pandemic on March 11, 2020, the World Health Organization and The Economist have released a report that estimates the deadliness of the virus.…
According to a recently published report, there seems to be a preference for specific vehicles for car burglars in Kenya. Business Insider Africa presents the top 5 most stolen cars in Kenya. Toyotas are the most stolen cars in Kenya during the period under review. Car theft saw a 28% decrease in Kenya in 2024.…
During a recent interview, it was revealed that Africa loses an enormous sum of money while conducting trade in foreign currencies, notably the US dollar. Africa loses substantial money in foreign currency trade, notably with the US dollar. Reliance on foreign currencies increases transaction costs, trade settlement delays, and currency rate instability. Trading with non-African…
Given the complications the Dangote Refinery faces in sourcing crude locally, the organization has turned to Equatorial Guinea to buy crude. Dangote Refinery faces challenges in sourcing crude locally. The refinery has turned to Equatorial Guinea to buy crude. The Nigerian National Petroleum Company (NNPC) Limited has halted its naira-for-crude deal with local refineries. The…
The Trump administration is reportedly considering broad travel ban for citizens of multiple countries, including African countries, as part of a new ban, according to sources familiar with the matter. Business Insider Africa presents the African countries considered for Trump’s potential new travel ban. Of 41 countries on the list categorized into three groups, 15…
The US is expelling South Africa’s ambassador to Washington, with Secretary of State Marco Rubio describing him as a “race-baiting politician” with strong anti-Trump sentiments. The US is expelling South Africa’s ambassador to Washington, accusing him of being a ‘race-baiting politician’ with strong anti-Trump sentiments. South Africa’s presidency described the decision as ‘regrettable’ and stated…
Nigeria recorded an impressive rise in its foreign trade value in 2024, reaching a total of ₦138.03 trillion, marking a 106.56% increase compared to ₦66.83 trillion in 2023, according to the National Bureau of Statistics (NBS). The sharp growth was underpinned by a robust export performance and favourable trade balances with several global partners. Nigeria’s…
Ethiopian Airlines, one of Africa’s top airlines, situated primarily in Ethiopia, recently signed a deal with the African Development Bank to work on an airport project. Ethiopian Airlines signed a deal with the African Development Bank to work on the Bishoftu International Airport Development Project. The $7.8 billion project aims to increase Ethiopia’s airport capacity…
Niger’s military government has expelled three Chinese officials from the oil sector in a move reflecting broader efforts by West African military regimes to assert greater control over their natural resources. Niger’s military government expelled three Chinese officials from the oil sector. The expulsion reflects broader efforts by West African military regimes to assert greater…
Dozens of Gambian women have travelled to Saudi Arabia to work as domestic workers as part of the government’s effort to build stronger ties with the kingdom with the Middle East’s largest economy. Dozens of Gambian women have travelled to Saudi Arabia to work as domestic workers. Demand for domestic workers remains high in Saudi…
Relocating to a new country involves assessing various factors such as culture, employment opportunities, transportation infrastructure, local happiness levels, safety, healthcare, and education systems. Sri Lanka is ranked first due to its impressive education system, affordable childcare costs, natural beauty, and family-oriented society. The United Kingdom doesn’t make the top 10 but ranks 19th overall…
Immigration plays a crucial role in shaping the economic and social landscapes of countries worldwide. Some nations have become global hubs for migrants, offering opportunities for work, business, and a better quality of life. United Arab Emirates (UAE) has the highest percentage of migrants at 88% and over 8.7 million immigrants, driven by its business…
The board of the U.S. Export-Import Bank has approved a nearly $5 billion loan for a long-stalled LNG project in Mozambique. U.S. Export-Import Bank approves nearly $5 billion loan for LNG project in Mozambique. Project led by TotalEnergies faces security threats and timeline delays. TotalEnergies anticipates U.S. financing approval with other credit agencies expected to…
As conflict continues to mount in the Eastern region of Africa between the Democratic Republic of Congo (DRC) and M23 rebels, another situation in the Horn of Africa, between Ethiopia and Eritrea seems to be getting tense. Tensions are escalating in East Africa between Ethiopia and Eritrea. Ethiopia and Eritrea have a history of armed…
Since coming into his second presidential term, U.S. leader, Donald Trump, has been no stranger to issuing sanctions, and Nigeria could be sanctioned soon for the persecution of Christians in the country. US Congress authorized a sanction on Nigeria due to killings of Christians in the country Chris Smith criticized the Nigerian government for neglecting…
In 2024, only seven countries met the World Health Organization’s (WHO) air quality guidelines, highlighting significant global pollution challenges. Only seven countries met the WHO’s air quality guidelines in 2024 Most Polluted Countries exceeded WHO guidelines by more than 15 times Data gaps persist in Asia and Africa, hindering comprehensive global air quality assessments Countries…
Trump has proposed a U.S.-led takeover of Gaza following Israel’s military assault, which has killed tens of thousands over the past 17 months. U.S. and Israel have reached out to East African countries to explore resettling Palestinians from Gaza. Sudan rejected the U.S. proposal, while Somalia and Somaliland officials said they were unaware of any…
Starlink, SpaceX’s Low-Earth Orbit (LEO) satellite internet service, is now operational in Niger after the country’s military government granted it a five-year license to provide high-speed connectivity. Starlink is now operational in Niger after the country granted a five-year license. Niger has low internet penetration and limited digital infrastructure, covering only 30% of its territory.…
In February 2025, Cirium’s On-Time Performance Report highlighted the exceptional punctuality of several global airlines, with five carriers achieving an on-time performance (OTP) exceeding 90%. Global aviation industry saw a decrease in flight cancellations by 18% in February 2025 FlySafair achieved an on-time performance (OTP) of 95.82%, highlighting its commitment to reliability The report highlights…
According to the 2024 World Press Freedom Index released by Reporters Without Borders (RSF), several African nations have made notable strides in ensuring journalistic freedom, transparency, and safety for media professionals. Mauritania leads Africa in press freedom ranking, 33rd globally with a score of 74.2 The top 10 African countries for press freedom include Namibia,…
Botswana and Liberia have made progress in protecting civic freedoms, but the situation has worsened in Burkina Faso, Eswatini, Ethiopia, and Kenya. Business Insider Africa presents the worst African countries for civic freedom in 2025. The list is courtesy of CIVICUS Monitor. Across sub-Saharan Africa, press freedom and civil liberties remain under severe strain, with…
The global arms trade remains a pivotal factor in international security dynamics, with numerous nations escalating their defence imports to bolster military capabilities. Ukraine is the largest arms importer due to conflict with Russia India continues military modernization due to concerns with China and Pakistan Pakistan imports advanced military equipment due to rivalry with India…
The net worth of one of Nigeria’s most enterprising individuals, Tony Elumelu, may have just crossed the billion-dollar threshold. Tony Elumelu’s net worth may have just crossed the billion-dollar threshold, reaching $2.15 billion. Heirs Holdings Limited and his direct and indirect holdings in Transcorp and UBA contribute to his net worth. Transcorp’s shares surged from…
Recent events in the Nigerian oil market may lead to a major loss for Africa’s richest man, Aliko Dangote, whose refinery, the Dangote Refinery, is projected to lose a substantial amount. NNPC’s Naira-for-crude initiative halted, causing potential loss for Dangote’s Refinery. Dangote Refinery forced to source local crude in USD after suspension of Naira-for-crude initiative.…
Lagos State has solidified its status as a leading economic force in Africa, with its Gross Domestic Product (GDP) reaching approximately $259.75 billion in 2023, based on purchasing power parity (PPP). Lagos State’s GDP reached approximately $259.75 billion in 2023, making it the continent’s second-largest economy Lagos’s economy expanded to ₦27.38 trillion in the first…
Given the conflict in the East African region between the Democratic Republic of Congo (DRC) and M23 rebels, the Southern African country of Angola has opted to intervene. Angola to mediate between DRC and M23 rebels. Direct peace talks set for 18th of March in Luanda. DRC government yet to confirm attendance at negotiations. Following…
Governments across Africa intensified efforts to silence dissent in 2024, leading to a record number of digital blackouts shutting down internet connections across the continent. A record number of 21 internet shutdowns were recorded in 15 African countries in 2024 Shutdowns were linked to political unrest, elections, and security crackdowns Four countries, including Myanmar and…
Nuclear weapons remain one of the most powerful and destructive forces in modern warfare. Despite efforts to reduce global stockpiles, the world still holds thousands of nuclear warheads, with the majority controlled by just two nations ,Russia and the United States. There are approximately 12,100 nuclear warheads worldwide as of January 2024 90% of these…
Since its inception in 1952, the International Monetary Fund (IMF) has played a significant role in Africa’s economic landscape, providing financial assistance to numerous countries across the continent. Botswana, Libya, and Eritrea have maintained financial independence by never borrowing from the IMF 48 African countries collectively owe approximately USD 42.2 billion to the IMF The…
In 2024, Russia’s agricultural exports to Africa rose by 19% to over $7 billion, according to a statement released by the state center Agroexport. Several African countries accounted for a significant chunk of said exports. Business Insider Africa presents the top 5 largest Russian food markets in Africa and their recent export change. Data from…
The billionaire class in Africa has traditionally been dominated by people over the age of 70, many of whom have built their fortunes through economic development in fields like natural resources, finance, and telecommunications for decades. Business Insider Africa presents the top 10 youngest African billionaires in 2025. This list is courtesy of Forbes. Mo…
Rail transport remains one of the most efficient means of mass transportation, especially in highly urbanised cities. Rail transport is efficient, especially in urbanized cities Asia and Europe have well-developed railway infrastructures, while Africa lags behind The most congested train stations are concentrated in Japan and India Across the world, millions of passengers rely on…
Before the market stutters, Egypt and Germany are presently discussing the storage of liquefied natural gas (LNG). Egypt and Germany are discussing leasing a new liquefied natural gas unit. The unit is currently located at the Mukran terminal on the Baltic Sea. Egypt is working on securing short-term and long-term gas supplies to combat shortages.…
Africa’s largest refinery, the $20 billion Dangote Petroleum Refinery, is sourcing crude oil from international suppliers to supplement its domestic deliveries as it continues to scale up operations. Dangote Petroleum Refinery, Africa’s largest refinery, is importing crude oil from international suppliers to supplement domestic deliveries. The refinery has received over three million barrels of crude…
Ghana’s Finance Minister, Dr Cassiel Ato Forson, has announced the government’s decision to abolish several so-called “nuisance” taxes in the coming days. Ghana’s Finance Minister, Dr Cassiel Ato Forson, announced the abolition of several ‘nuisance’ taxes Six contentious taxes will be scrapped, in line with NDC’s 2024 manifesto promise The abolished taxes include the Betting…
Johannesburg, also known as “Jozi” or “Joburg,” boasts 12,300 millionaires, 25 cent millionaires (with a net worth of at least $100 million), and 2 billionaires. Johannesburg is Africa’s wealthiest city with 12,300 millionaires, 25 cent millionaires, and 2 billionaires. Originally founded in 1886 during the Gold Rush, it has evolved into a diversified economy with…
The Ghanaian government has introduced incentives for businesses willing to adopt the 24-hour economy initiative. Ghanaian government introduces incentives for businesses adopting 24-hour economy initiative 24-hour economy strategy aims to create sustainable jobs, enhance productivity, and improve competitiveness Incentives for local and foreign investors include tax benefits, financial support, and security improvements Acting Chief Executive…
In Africa, Seychelles holds the title as the continent’s least stressed country, ranking 57th globally with a stress score of 71.48. Business Insider Africa presents the top 10 least stressed countries in Africa in 2025. The list is courtesy of CEOWORLD magazine. In Africa, Seychelles holds the title as the continent’s least stressed country, ranking…
Russia’s food shipments to Africa increased significantly in 2024, indicating a strengthening trading tie between both parties. Russian agricultural exports to Africa rose by 19% to over $7 billion in 2024 Egypt was one of the major beneficiaries of the boosted trade, importing 21% more Russian agricultural exports by the end of 2024 Algeria and…
The U.S. is no stranger to debt. By the end of 2024, America’s total debt had climbed to $36.1 trillion, up from $34.4 trillion in 2023. Business Insider Africa presents the top 10 countries holding the most U.S. debt. The list is sourced from Visual Capitalist. By the end of 2024, America’s total debt had…
216 Chinese firms recently visited the West African country of Nigeria to look into investment prospects. Of the 216 firms, 74 are interested in investing in the country’s oil sector. 216 Chinese firms visited Nigeria to explore investment prospects. 74 of the Chinese firms are interested in investing in Nigeria’s oil and gas sector. The…
Nigeria’s car export industry remains underdeveloped, with the country relying heavily on imports to meet its automotive demands. Nigeria relies heavily on car imports to meet automotive demands In 2024, Nigeria saw a decline in passenger car imports due to inflation and naira depreciation Inflation, forex scarcity, and weakened purchasing power led to a surge…
The United States is in preliminary discussions with the Democratic Republic of Congo (DRC) regarding a potential minerals-for-security agreement. Preliminary discussions between the U.S. and DRC involve a potential minerals-for-security agreement The deal would grant U.S. companies access to DRC’s critical minerals in exchange for military assistance DRC aims to leverage its mineral wealth for…
The Nigerian National Petroleum Company (NNPC) Limited has confirmed ongoing negotiations for a new naira-for-crude deal with Dangote Petroleum Refinery. NNPC is negotiating a new naira-for-crude deal with Dangote Petroleum Refinery. The initial agreement with Dangote Refinery was a six-month contract set to expire in March 2025. NNPC has supplied over 48 million barrels of…
Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced a major anti-corruption milestone, recovering nearly $500 million in misappropriated funds last year. Nigeria’s EFCC recovered nearly $500 million in misappropriated funds last year. EFCC secured over 4,000 criminal convictions, the highest record since its establishment. Nigeria still ranks 140 out of 180 on Transparency International’s…
The United States remains one of the most diverse countries globally, with millions of immigrants from various parts of the world shaping its economy, culture, and workforce. The United States has a diverse immigrant population from various parts of the world shaping its economy, culture, and workforce Mexico leads the list of the top 10…
Ghana’s export sector experienced remarkable growth in 2024, recording a total export value of GH₵294.9 billion. Ghana’s export sector recorded a trade surplus of GH₵44.7 billion in 2024 Gold bullion was the leading export item, generating GH₵162.99 billion Gold, petroleum, and cocoa collectively accounted for 78.2% of Ghana’s total export revenue This far exceeded the…
Carbonated soft drinks have become a staple in modern diets, but some countries consume them at significantly higher rates than others. Global consumption of carbonated beverages remains strong, with two-thirds of consumers drinking them at least weekly Top 10 nations where people drink the most soft drinks per year led by the United States Factors…
As per the latest Nigerian Gross Domestic Product (GDP) report by the country’s National Bureau of Statistics, Nigeria experienced a 3.84% (year-on-year) growth in real terms in the fourth quarter of 2024. Business Insider Africa presents the top 10 sectors that contributed to Nigeria’s latest GDP growth. This list is courtesy of the National Bureau…
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has launched a $8 million project to improve groundwater management in Tanzania and Kenya. UNESCO launches $8 million project to improve groundwater management in Tanzania and Kenya Focus on preserving 400 acres of Mount Kilimanjaro’s forest, a vital water source for over two million people Initiative…
Nigerians may soon experience another surge in petrol prices as the Nigerian National Petroleum Company (NNPC) Limited has reportedly halted its naira-for-crude deal with local refineries. NNPC has halted its naira-for-crude deal with local refineries. This move could drive up production costs and ultimately lead to an increase in petrol pump prices for Nigerians. NNPC…
Egypt’s monetary policy pays off big time, as its inflation figure for February dips by almost half. Egypt’s inflation rate for February dropped by almost half, from 24% in January to 12.8% in February. The drop in inflation is attributed to a year-long foreign currency shortfall subsiding. The inflation level is the lowest since 2022,…
Acknowledging the rift between the Economic Community of West African States (ECOWAS) and the Alliance of the Sahel States (AES) that has eaten into the fabric of the West African region, Ghana’s president, John Mahama, has voiced that the solution may lie in the hands of Ghana. Ghana’s President John Mahama aims to bridge the…
Ethiopia has begun exploring its capacity to mass produce drones as it invests in manufacturing unmanned aerial vehicles (drones) for both civilian and military applications. Ethiopia is investing in manufacturing drones for civilian and military use, with plans for export The Prime Minister inaugurated Sky Wing Industry, a company producing unmanned aerial vehicles The locally…
U.S. President Donald Trump has announced that his administration is willing to offer a path to American citizenship for displaced farmers in South Africa. Trump offers a pathway to American citizenship for displaced South African farmers Tensions have risen between Trump and South African President, Cyril Ramaphosa over land reform policies South African officials defend…
Matekane Airstrip, located in the highlands of Lesotho, is one of the world’s most breathtaking and nerve-wracking runways. For most people, air travel is a routine experience, fasten your seatbelt, listen to the safety briefing, and trust that the plane will land smoothly on a long, well-paved runway. But what if that runway ended at…
African women are making significant strides in leadership, with an increasing number emerging as heads of governments. African women are making significant strides in national leadership positions The rise of women in leadership aligns with 2025 International Women’s Day celebrations and the theme ‘Accelerate Action’ Notable female presidents include Ellen Johnson Sirleaf, Netumbo Nandi-Ndaitwah, and…
On Friday, France officially handed over two military facilities to Senegal, marking the first step in ending its military presence in the West African nation. France handed over two military facilities to Senegal, marking the first step in ending its military presence in the country. Senegal’s President expressed concerns about the presence of French troops,…
Without women’s active engagement, economic growth and development in African countries cannot realize their full potential. Business Insider Africa presents the top 10 African countries with the most economic opportunities for women. This list is courtesy of a report by the World Economic Forum. Liberia ranks number 1 on the list. Although women comprise a…
The International Organisation for Migration (IOM) has successfully facilitated the repatriation of 140 Nigerians who had been stranded in Sudan for months due to the ongoing conflict. IOM facilitated repatriation of 140 Nigerians stranded in Sudan due to conflict Returnees received post-arrival support including counselling, medical assistance, and transportation Voluntary Humanitarian Return program evacuated vulnerable…
Women’s involvement in politics has progressed greatly since the early 20th century. The journey began with groundbreaking victories, as countries like New Zealand, Finland, and the United States led the way in granting women the right to vote and run for office. Business Insider Africa presents the top 10 African countries with the highest number…
For African countries, armored capabilities, particularly its tank fleet, are essential to preserving national security, thwarting foreign threats, and guaranteeing military efficacy in modern warfare. Business Insider Africa presents the top 10 African countries with the weakest tanks at the start of 2025. This list is courtesy of Global Firepower. Namibia ranks number 1 on…
A recent report, the Mental State of the World Report, has revealed that African youths exhibit high levels of mental health, alertness, and resilience. African youths exhibit high levels of mental alertness and resilience, according to the Mental State of the World Report MHQ assessment measures cognitive, emotional, and social well-being, providing insights into global…
Many African nations rank among the most stressed countries in the world. Burundi tops the list as the most stressed country, followed by South Sudan, Afghanistan, Syria, and Malawi. Business Insider Africa presents the top 10 most stressed countries in Africa in 2025. The list is courtesy of CEOWORLD magazine. Burundi tops the list as…
African countries with high female employment-to-population ratios are better positioned for long-term economic growth, equitable society, and poverty reduction. Business Insider Africa presents the top 5 African countries with the highest employed female population. This list is courtesy of Statista. Nigeria ranks number 1 on the list. The degree of female employment participation is closely…
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD) as the eight African member and its 77th shareholder. Nigeria joins the European Bank for Reconstruction and Development (EBRD) as the 77th member EBRD finances projects in critical sectors such as energy, financial institutions, and SMEs across 36 economies Nigeria’s membership aims to…
Nigeria and Russia are looking to strengthen their military ties, as discussions on a defence pact are ongoing. Nigeria and Russia are in talks to expand their defense pact and strengthen military ties. Discussions have included the provision of training, supplies, and a potential nuclear partnership. Nigeria and Russia have discussed plans to deepen their…
Canada and Ghana have signed their first-ever air transport agreement, marking a significant step towards enhanced connectivity, tourism, and trade between the two nations. Canada and Ghana have signed their first-ever air transport agreement The agreement allows airlines from both countries to operate scheduled passenger and cargo flights The agreement is anticipated to benefit business…
Agriculture remains the backbone of many African economies, employing a significant portion of the population. Agriculture is the primary source of livelihood for millions in Africa Despite global decline, agriculture remains the largest employer in Africa Top African economies like Ethiopia, Nigeria, and Kenya heavily rely on agriculture Most African economies depend on farming, livestock…
Nigeria addressed some of its concerns surrounding the morality of its medical field, specifically in the surgery department that deals with organ transplant. Nigeria established detailed guidelines and regulations for organ and tissue transplants. The new regulations aim to control exploitation and ethical issues in the medical field. The guidelines cover various types of transplants,…
As Ghana marks 68 years of independence on 6th March 2025, the nation finds itself at a crossroads. Ghana marks 68 years of independence on 6th March 2025 66% of Ghanaians believe the national economy is worse than a year ago John Dramani Mahama returns to power with promises to revive the economy and boost…
Africa has long been challenged by food insecurity, with malnutrition, climate change, and economic instability affecting millions across the continent. Despite being home to vast arable land and favourable climatic conditions, the region still struggles to achieve self-sufficiency in food production. However, as African nations continue to seek sustainable solutions, diversification in agriculture has become…
Mali, Africa’s second-largest gold producer, has suspended the issuance of new mining permits to foreign companies. Mali suspends issuance of new mining permits to foreign companies Decision follows a devastating mining accident that claimed over 40 lives Reforms in the mining sector aim to increase state benefits from gold production According to the Mali’s Council…
The U.S. has pulled out of a $9.3 billion climate finance pact between richer nations to help developing countries transition from coal to cleaner energy. The U.S. has withdrawn from a $9.3 billion climate finance pact aimed at helping developing countries transition from coal to cleaner energy. The U.S. had planned to contribute about $1…
Donald Trump’s tariff war with China is putting pressure on Elon Musk’s wealth, particularly through its impact on Tesla. Trump’s tariff war with China is impacting Elon Musk’s wealth through its impact on Tesla Musk’s net worth dropped by $7.1 billion due to decline in Tesla’s stock, caused by the trade tensions Tesla could face…
Lesotho’s foreign minister expressed shock and disappointment on Wednesday over U.S. President Donald Trump’s remark that the African nation was little known. Trump describes Lesotho as unknown. Lesotho is the only country with entire landmass above 1,000 meters in elevation. Lesotho exports water to South Africa and is a major player in Africa’s textile and…
Guinea’s military junta has announced plans to end its rule with general elections set to take place this year, marking the conclusion of four years of military governance. Guinea’s military junta plans to end its rule with general elections set to take place this year The international community, including ECOWAS, has been pushing for a…
For African countries, a strong tank fleet directly translates to strong, strategic defense capabilities. Business Insider Africa presents the top 10 African countries with the strongest tanks at the start of 2025. This list is courtesy of Global Firepower. Egypt ranks number 1 on the list. Tanks serve as a backbone for ground forces, providing…
The conversation around work-life balance remains as relevant as ever in 2024. As workplaces evolve and employee expectations shift, the focus is moving from hours spent at a desk to actual productivity and results. Business Insider Africa presents the top 5 African countries with the best work-life balance. The list is courtesy of Remote.com. While…
Recent reports indicate that the South Sudanese minister of petroleum has been detained by military officials. South Sudan’s petroleum minister detained by military officials. Arrests linked to officials allied with the First Vice President, Riek Machar. Tensions rise as security forces deploy around Machar’s home after arrests. Amid rising tensions in the oil-producing nation of…
The UK’s development finance institution, British International Investment (BII), has partnered with Ghana International Bank (GHIB) to boost trade in seven African countries. British International Investment (BII) partners with Ghana International Bank (GHIB) to boost trade in seven African countries The $50 million deal aims to increase access to finance for local businesses in seven…
The latest Global Terrorism Index (GTI) highlights the increasing influence of terrorist groups in Africa, with many nations experiencing heightened threats and attacks. The Sahel region in Africa has become the epicenter of terrorism, with rapid expansion of militant jihadist groups The number of countries experiencing terrorist incidents increased from 58 to 66 in 2024…
“Common sense has become a common theme”, United States president, Donald Trump stated, as he addressed congress via a speech that sparsely referenced Africa. President Trump addressed the congress and focused on reducing federal waste. Established Department of Government Efficiency (DOGE) to identify wasted or fraudulently utilized funds. DOGE, led by Elon Musk, canceled a…
The government of Rwanda has described the sanctions recently declared by the Canadian government as ‘defamatory’ Canada announces restrictions on financial commitments to Rwanda due to conflict in the DRC Rwanda strongly condemns Canada’s sanctions and dismisses them as ineffective Germany and the United Kingdom also implement restrictive measures on financial aid and other agreements…
Germany has suspended new development aid to Rwanda and is reassessing its existing commitments due to the country’s alleged involvement in the ongoing conflict in neighbouring Congo. Germany has suspended new development aid to Rwanda and is reassessing its existing commitments. The decision is due to Rwanda’s alleged involvement in the conflict in neighbouring Congo.…
According to the latest IMD World Competitiveness Ranking, the following countries have the most competitive economies globally. Top countries excel in economic performance, government efficiency, business dynamism, and infrastructure development Africa has the potential to climb the global competitiveness rankings with continued reforms and investment African nations not among the top 10 most competitive economies,…
Throughout history, universities have served as centres of knowledge, research, and intellectual development. The University of al-Qarawiyyin in Fez, Morocco, founded in 859 AD, is the oldest continuously operating degree-granting university in the world. The University of Bologna in Italy, established in 1088, is considered the oldest university in Europe. The University of Oxford, with…
Seplat Energy plans to invest up to $320 million this year in drilling new wells and upgrading infrastructure as part of its strategy to boost oil production. Seplat Energy plans to invest up to $320 million in drilling new wells and infrastructure upgrades. After acquiring Exxon Mobil’s Nigerian assets, the company aims to double its…
Loans are a double-edged sword; when managed properly, they may fuel growth in any given economy, but when excessive, they can ruin a country’s finances. In Africa, where there are economic disparities across nations, the debt load is not uniformly spread. Business Insider Africa presents the top 10 African countries with the highest percentage of…
Ghanaian lawmakers have reintroduced a bill that, if passed, would become one of Africa’s most restrictive pieces of anti-LGBTQ+ legislation. Ghanaian lawmakers reintroduce bill for one of Africa’s most restrictive anti-LGBTQ+ legislation Proposed bill increases maximum penalty for same-sex acts to five years and introduces jail terms for individuals promoting LGBTQ+ activities Reintroduced bill faces…
Africa is home to vast agricultural lands, with large portions of the continent suitable for farming. Some regions have expansive fertile areas ideal for growing crops, while others have extensive grasslands that support livestock. Business Insider Africa presents the top 10 African countries with the largest agricultural land area. The list is courtesy of Statista.…
Dangote Refinery has made its first purchase of Algeria’s light sweet Saharan Blend crude, according to market sources cited by Argus Media, a leading global energy intelligence provider. Dangote Refinery purchased its first cargo of Algeria’s Saharan Blend crude. The 650,000 barrels per day refinery acquired a 1 million-barrel cargo from Glencore. The refinery has…
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the pump price of petrol to N860 per litre, down from N920. NNPCL has reduced the pump price of petrol to N860 per litre from N920. Dangote Petroleum Refinery also lowered its ex-depot price from N890 to N825 per litre. This move has…
Customs duties plays a significant role in tax revenue generation across African nations. Customs duties are a significant source of tax revenue for African nations, with some countries relying on them for over 40% of total tax revenue. In extreme cases like São Tomé and Príncipe, customs duties contributed 100% of tax revenue. 15 African…
One important economic indicator that monitors shifts in the price of goods and services over time is the Consumer Price Index (CPI). Because so many people in many African countries live on low incomes, they are disproportionately impacted by increases in the CPI. Business Insider Africa presents the top 10 African countries where clothing is…
Housing markets around the world vary significantly, with some countries having a higher proportion of renters than homeowners. Factors contributing to rental trends include economic conditions, housing affordability, government policies, and cultural preferences High property prices, limited mortgage access, and urban migration have led to a growing demand for rental properties in Africa African countries…
The United States currently holds the position as Africa’s largest aid donor, but China is emerging as a strong contender that may likely take over this role. Chinese aid grants in Sub-Saharan Africa from 2013 to 2023 highlighted strategic investments across the continent China’s bid to surpass the US as Africa’s top aid provider hinges…
The real estate market continues to evolve, with rental yields varying significantly across different countries. Rental yields in the real estate market vary across different countries Gross rental yield measures annual rental income as a percentage of a property’s purchase price Only a few African nations are included in the ranked countries by gross rental…
Despite mounting international pressure, the DR Congo remains resolute in its refusal to engage in direct talks with the M23 rebel group, which has made significant territorial gains in eastern DRC in recent months. DRC refuses direct talks with M23 rebel group due to concerns over sovereignty and past failed agreements Government views M23 as…
Ghana’s new central bank governor has suspended the country’s program of using gold to pay for oil and expressed confidence that the cedi will stabilize following last year’s volatility. Ghana’s new central bank governor has suspended the gold-for-oil program. Bank of Ghana governor aims to stabilize the cedi and maintain appropriate monetary policy stance. Interest…
Without a coastline, African landlocked countries rely on their neighbours to move goods in and out, which isn’t cheap or easy. Business Insider Africa presents the top 5 largest landlocked countries in Africa. Africa has the largest number of landlocked countries among other continents. Long transport routes, delays at borders, and high fees make trade…
The Economic Community of West African States (ECOWAS) recently detailed its discourse with one of its member states, Guinea-Bissau, via a press-release. ECOWAS had a dispute with Guinea-Bissau over the conduct of the upcoming elections. The delegation was threatened with expulsion by Guinea-Bissau’s president, Umaro Sissoco Embalo. The mission departed on 1st March but intends…
Africa is fast developing as a prevailing player in the global oil market, with 2024 being a watershed moment in the continent’s hydrocarbon exploration. Africa accounts for 35% of all new oil finds in 2024, up from 7% in 2023. 60% of new oil finds in Africa were in frontier and immature basins. The Orange…
After President Donald Trump implemented a humanitarian aid freeze during his administration, several countries followed suit by reducing or halting humanitarian funding. Numerous countries followed the U.S. by reducing or halting humanitarian funding The countries which include the UK, Netherland, and Switzerland, have announced significant cuts in their overseas aid budgets Global health programs combating…
The year 2025 has brought alarming statistics to light with the release of the top 40 Most Dangerous Cities list, showcasing urban areas with high crime rates, violence, and security challenges. The top 40 Most Dangerous Cities list for 2025 has been released, with San Salvador, El Salvador at the top. Only two African cities,…
Billionaire Elon Musk has acknowledged that the cancellation of USAID’s Ebola prevention program was a mistake, calling it “accidental” and claiming efforts were underway to restore it. Elon Musk admitted that cancelling USAID’s Ebola prevention program was a mistake and claimed efforts are underway to restore it There is debate over Musk’s cost-cutting measures, with…
The latest edition of The Banker’s Top 100 African Banks for 2024 provides insights into the performance of financial institutions across the continent. Ghana’s top banks maintain strong Tier 1 capital positions despite economic challenges and currency depreciation Profitability among ranked African banks remains buoyant, with an aggregate pre-tax profit of 18.2% Absa Bank Ghana…
While importers and marketers debate the price changes, many Nigerians are taking advantage of the lower prices. Consumers have been patronizing Dangote partner stations, which offer cheaper petrol. Dangote refinery reduced the ex-depot price of petrol from N890 to N825 per litre. The price reduction is intended to ease the financial burden on Nigerians. Petrol…
The Chargé d’Affaires of the United States consulate in South Africa, Dana M. Brown, has resigned from the U.S. State Department. Dana M. Brown has resigned as the acting Chief of Mission at the U.S. consulate in South Africa The resignation comes amid escalating diplomatic tensions between the U.S. and South Africa South African President…
National carrier Kenya Airways (KQ) has suspended all flights to Mauritius due to worsening weather conditions caused by an approaching tropical cyclone. Kenya Airways has suspended all flights to Mauritius due to the approaching tropical cyclone Flights to Mauritius will remain suspended indefinitely until conditions stabilize due to safety concerns Cyclone Garance is expected to…
Nigeria’s 650,000 b/d Dangote refinery has acquired its first cargo of Algeria’s Saharan Blend crude, a premium light sweet crude, from trading firm Glencore. Dangote refinery in Nigeria acquires first cargo of Algeria’s premium Saharan Blend crude from Glencore The deal signals a shift toward emerging markets and diversification of crude supply for Dangote refinery…
Oando PLC, a Nigerian oil giant, has been announced as the preferred bidder for the ownership of the 165,000 barrel-per-day refinery in Trinidad and Tobago. Oando PLC announced as the preferred bidder for Trinidad and Tobago’s 165,000 barrel-per-day refinery Decision based on Oando’s financial track record and $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria…
If you love nature, crave adventure, or simply need an escape from the hustle of daily life, Africa is the perfect getaway. This vast and diverse continent boasts some of the most stunning natural landscapes on earth, offering an unforgettable experience for every traveller. Below are the top 5 nature destinations in Africa you can…
Food inflation continues to be a significant issue for some African countries, compounding economic hardship and increasing food insecurity for millions. Business Insider Africa presents the top 10 African countries with the highest food inflation at the start of 2025. This list is courtesy of the World Bank’s Food Security Report. Sudan ranks number 1…
As global travel continues to rebound, adventurers and holidaymakers are seeking fresh and exciting destinations for their next getaway. The Spectator Index unveiled its list of the top 10 travel destinations for 2025 Abu Dhabi in the United Arab Emirates, Alberta in Canada, and Azerbaijan are highlighted for their unique attractions Dubrovnik in Croatia and…
South African President Cyril Ramaphosa has indicated his willingness to meet with U.S. President Donald Trump in an effort to mend strained relations between the two nations. South African President Cyril Ramaphosa willing to meet with U.S. President Donald Trump to mend strained relations Fallout between the two leaders complicates diplomatic and economic ties Potential…
Africa gains from having a strong currency in many ways, such as commerce, investment, regional integration, and geopolitical influence, much like the rest of the globe. In contrast, these are affected when a country’s currency has little strength. Business Insider Africa presents the top 10 African countries with the weakest currencies in February 2025. This…
Notably, despite economic hurdles worldwide, African nations are proving their resilience. South Africa retains its position as the continent’s most valuable nation brand, according to the Brand Finance 2025 report. Business Insider Africa presents the top 10 most valuable country brand in Africa in 2025. The list is courtesy of Brand Finance. South Africa retains…
Importers of Premium Motor Spirits (PMS) otherwise known as Petrol are reportedly thrown off by the Dangote refinery’s decision to reduce the price of its petrol. Dangote Refinery reduces the ex-depot price of petrol by N65, from N890 to N825 per liter. Importers are concerned as they will be forced to adjust their prices due…
The International Air Transport Association’s (IATA) annual safety report has revealed that African airlines had the highest accident rate in 2024. The IATA report highlighted major aviation incidents in 2024 across different regions In 2024, African airlines recorded 10 incidents, making it the region with the second-highest number of plane crashes. The IATA reported one…
Egyptian billionaire Naguib Sawiris has called for a reassessment of his country’s large-scale development projects. Egyptian billionaire Naguib Sawiris suggests Egypt rethink mega-projects to cut costs. Egypt has embarked on extensive infrastructure expansion since Abdel Fattah al-Sisi took office in 2014. One of the prominent projects is a $58 billion new capital city, aimed at…
Owners of Honda vehicles in Ghana are being urged to verify whether their cars are affected by an ongoing airbag recall due to significant safety concerns. Honda vehicle owners in Ghana urged to verify if their cars are affected by airbag recall The recall is part of a global safety initiative targeting specific Honda models…
One important economic metric that emphasizes how affordable products and services are in a community, in this example, African cities, in relation to income levels is purchasing power. Business Insider Africa presents the top 5 African cities with the lowest purchasing power in 2025. This list is courtesy of Numbeo. Lagos ranks number 1 on…
An initiative to provide electricity to communities in Africa has been impacted by recent aid cuts initiated by the Trump administration. The Power Africa project has been impacted by aid cuts initiated by the Trump administration The project, launched by former President Barack Obama, aimed to double access to electricity in sub-Saharan Africa The termination…
The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has announced plans to introduce a new foreign exchange law as part of efforts to enhance the country’s banking sector. Governor of the Bank of Ghana plans to introduce a new foreign exchange law The current Foreign Exchange Act 2006 regulates foreign exchange transactions…
Amid uncertainties surrounding Nigeria’s decision to revamp the visa-on-arrival (VoA) policy, the Nigeria’s Minister of Interior, has clarified that the policy has not been scrapped. Nigeria’s Minister of Interior clarifies that the visa-on-arrival policy has not been scrapped Decision to halt the visa-on-arrival policy has raised fears and panic among investors Nigeria plans to discontinue…
Sub-Saharan Africa is still the most expensive region in the world to transfer money to, with an average remittance cost of 8.37% in the second quarter of 2024, according to the World Bank’s most recent remittance report. Sub-Saharan Africa remains the most expensive region for money transfers, with an average cost of 8.37% in Q2…
Hyundai Rotem recently revealed that it has secured a 2.2 trillion won ($1.53 billion) deal with the North African country of Morocco. Hyundai Rotem secured a $1.53 billion deal with Morocco to supply advanced double-decker electric trains. The deal marks its entrance into the Moroccan market and is the company’s biggest railway supply agreement. The…
Rwanda is facing mounting pressure over its role in the DRC conflict, with the UK announcing fresh aid restrictions and limitations on bilateral relations. UK announces aid restrictions and limitations on bilateral relations with Rwanda over DRC conflict Rwanda faces scrutiny for alleged support of M23 rebel group in eastern DRC Calls for immediate ceasefire,…
Africa is home to a diverse range of nations, each with its unique security challenges and safety records. Rwanda has the lowest crime index in Africa at 26.9, with strict law enforcement and community-driven security initiatives Ghana is recognized as one of West Africa’s most stable and peaceful countries, with strong democratic institutions and low…
Forty nations from Europe, Asia, and parts of the Middle East secured visa-free entry into the U.S. However, none of Africa’s 54 countries were included. Forty nations from Europe, Asia, and parts of the Middle East secured visa-free entry into the U.S. None of Africa’s 54 countries were included in the Visa Waiver Program for…
The Alliance of the Sahel states (AES), consisting of Mali, Burkina Faso, and Niger have presented its new flag. The Alliance of the Sahel states (AES) presented a new flag to the president of Mali Assimi Goïta. The AES consists of Mali, Burkina Faso, and Niger, and recently withdrew from ECOWAS. They withdrew due to…
The Trump administration is considering an executive action to dismantle U.S. Africa Command (AFRICOM), transferring it under European Command (EUCOM), according to multiple sources familiar with the plans. Downsizing the U.S. Africa Command is believed to be part of Mr. Trump’s goal of downsizing the Pentagon, eliminating the bureaucracy, and withdrawing U.S. troops from certain…
Major African regional blocs, the SADC and EAC, have jointly appointed former leaders to mediate the ongoing conflict in eastern Democratic Republic of Congo (DRC). Former African leaders, Kenyatta, Obasanjo, and Desalegn appointed to mediate conflict in eastern DRC Appointment follows an extraordinary summit of EAC and SADC heads of state in Dar es Salaam…
Senegal has ended a four decade long conflict with the Movement of Democratic Forces of Casamance (MFDC). Senegalese government ends four-decade conflict with MFDC. Peace agreement brokered by president of Guinea-Bissau Umaro Sissoco Embalo. MFDC rebel group sought independence for Casamance, a southern Senegalese province. Both parties are reported to have signed a peace agreement…
There is a growing number of African women making strides in global football ownership, breaking barriers in a traditionally male-dominated industry. African women are making strides in global football ownership Apart from Grammy award winner, Tems, other African women have also made significant investments in foreign football clubs These women are reshaping the industry and…
West Africa has witnessed numerous military coup d’état, bringing several leaders to power who ruled for varying periods. Military coups in West Africa have raised concerns about democratic stability Notable examples of leaders who came to power through military coups include Idi Amin, Jerry Rawlings, and Ibrahim Babangida Some leaders, like Jerry Rawlings, facilitated a…
With the geopolitical landscape shifting and the world rapidly evolving in 2025, some of the longest serving African leaders managed to retain power for more than three decades. These leaders have come under pressure for failing to enact political and constitutional reforms that can guarantee smooth transition of power. Some of these leaders have even…
South Africa has taken action against some of the world’s top tech companies, including Meta, Google and Alphabet Inc. South Africa penalizes top tech companies for anti-competitive practices. Google directed to pay regional media companies as much as 500 million rand each year for up to five years. The Competition Commission asks for a range…
U.S. President Donald Trump has called for the elimination of the “non-statutory components and functions” of the U.S. African Development Foundation and various other government agencies. President Trump called for the elimination of ‘non-statutory components and functions’ in various government agencies USADF invests in African grassroots providing grant funding, capacity-building assistance, and networking opportunities President…
While some African countries have chipped away at their debts others have piled onto them, as they’ve reached out to financiers like the International Monetary Fund (IMF) for financial aid. Business Insider Africa presents the top 10 African countries with the highest debt to the IMF in February 2025. This list is courtesy of data…
In an era where smartphones have become an integral part of daily life, mobile internet usage continues to surge globally with the increase in web traffic. Business Insider Africa presents countries with the highest percentage of web traffic from mobile phones The ranking is courtesy of StatiSense The Philippines leads with 87.64% of web traffic…
German automaker, Volkswagen has announced plans to set up an e-tractor manufacturing plant in Nigeria. Volkswagen plans to set up an e-tractor manufacturing plant in Nigeria The introduction of e-tractors in Nigeria aims to enhance agricultural mechanization Volkswagen’s return to Nigeria signals growing confidence in the country’s economy Volkswagen’s introduction of e-tractors in Nigeria is…
Speed regulations vary across African nations but generally fall within common ranges based on road types: urban areas (40–60 km/h), rural roads (60–100 km/h), and highways (80–120 km/h). Business Insider Africa presents the top 5 African countries with the highest speed limits. The list is courtesy of World of Statistics. Despite having speed regulations in…
Reports indicate that several members of the police force in Congo have switched sides, joining the M23 rebel group that invaded parts of the country weeks ago. Police officers in Congo have joined the M23 rebel group. M23 rebels captured the city of Bukavu in eastern Congo. The international community and the United Nations have…
The Rwandan government has responded to summons by the EU following its stance on the escalating violence in the DRC. Rwandan government responds to EU summons over alleged involvement in DRC crisis The international community, including the EU, United States, and African Union, has called for Rwanda to de-escalate military operations in the DRC Rwanda…
Africa has long been a focal point of global military interest, with various foreign powers establishing military bases across the continent. Business Insider Africa presents the top 5 African countries with the most U.S. military bases. The list is courtesy of World of Statistics. Beyond security, military bases often serve as a gateway for foreign…
Purchasing power is an important economic indicator that affects the affordability of products and services in a community, including within African cities, compared to income levels. Business Insider Africa presents the top 5 African cities with the highest purchasing power in 2025. This list is courtesy of Numbeo. Pretoria, South Africa, ranks number 1 on…
According to sources, Kenya could be at the receiving end of a $1.5 billion United Arab Emirates’ (UAE) loan by next week. Kenya may receive a $1.5 billion loan from the United Arab Emirates (UAE) next week. The loan aims to stabilize Kenya’s economic situation and raise its foreign reserves. UAE is expanding its influence…
The African Development Bank (AfDB) has released the names of five candidates cleared to contest its upcoming presidential election. The African Development Bank (AfDB) has announced five candidates cleared for the upcoming presidential election The election will determine the next leader of the AfDB and takes place on May 29, 2025 The list includes candidates…
Peace is one of humanity’s deepest desires, yet in a world of war, economic hardship, and political divides, it often feels just out of reach. While people everywhere yearn for safety, stability, and the chance to build better futures, the reality is that conflict continues to shape the lives of millions. Business Insider Africa presents…
The Government of Ghana has announced a 10% increase in the National Daily Minimum Wage (NDMW), raising it to GH¢19.97, effective 1st March 2025. Ghana’s National Daily Minimum Wage (NDMW) has been increased by 10% to GH¢19.97 The increase was announced by the National Tripartite Committee (NTC) in accordance with Section 113 (1) (a) of…
France has said it would retain 80 military personnel in Côte d’Ivoire as it hands over control of a military base in the commercial capital France is revising its military strategy in Africa, focusing on enhanced partnership with local armed forces France to retain 80 military personnel in Côte d’Ivoire for training purposes France faces…
The United States has imposed fresh sanctions on a top Rwandan government official due to the country’s alleged role in the escalating crisis in the Democratic Republic of Congo (DRC). US imposes sanctions on Rwandan official James Kabarebe for alleged role in DRC crisis Rwanda accused of supporting the M23 rebel group linked to conflict…
The prosperity gap in some African countries refers to the stark differences in economic well-being among African countries, regions, and social groups. These disparities are seen in GDP per capita, access to essential services, infrastructure development, and overall quality of life. Business Insider Africa presents the top 10 African countries with the most excess prosperity…
For countries looking to expand their industries, achieve sustained economic growth, and remain globally competitive, foreign direct investment (FDI) is essential. Business Insider Africa presents the countries with the largest FDI funding in 2023. This list is courtesy of the International Monetary Fund. The United States ranks number 1 on this list. In addition to…
Ghana will require billions of dollars to restore vast stretches of degraded land and polluted water bodies resulting from years of illegal mining activities. Ghana needs billions of dollars to restore degraded land and polluted water bodies from illegal mining activities The agency plans to enhance monitoring and enforcement mechanisms with the enactment of the…
Russia has intensified its engagement with Africa following the launch of its editorial center in Ethiopia. Russia launched its first large-scale, multi-functional editorial center in Ethiopia Russia aims to expand its influence in Africa through diplomatic, economic, and military strategies The media center plans to create content in Amharic, English, and establish a network of…
The tourism industry in Kenya, constituting one of the East African country’s primary sectors, is set for a major boost in the current fiscal year. Kenya’s tourism earnings projected to increase by 24% to $4.33 billion this year Kenya set to receive around 3 million tourists in 2025 based on current trends and government strategies…
The Office of the Special Prosecutor (OSP) has officially removed Ghana’s former Minister of Finance, Mr Ken Ofori-Atta, from its list of wanted persons. The Office of the Special Prosecutor removed Mr. Ken Ofori-Atta from the list of wanted persons Mr. Ofori-Atta had previously been declared a wanted fugitive from justice by the OSP He…
Nigeria’s central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. Nigeria’s central bank maintains benchmark interest rate at 27.50%. Inflation rate reported at 24.48% for January after a rebasing exercise. Investors will watch closely if CBN continues tough stance or starts easing up depending on inflation. Nigeria’s central…
About 600,000 Ghana Cards, already printed and ready for collection, remain unclaimed across various regional and district offices in Ghana, with some dating back to 2018. About 600,000 unclaimed Ghana Cards remain at various offices since 2018 NIA has received 700,000 blank Ghana Cards to address the backlog Newly acquired blank cards will be used…
The widespread use of petroleum products, such as Premium Motor Spirit (PMS) or fuel, has made them among the most consumed commodities globally, raising concerns about processing standards. Properly refined petroleum products are crucial to prevent damage to machines and engines Multiple challenges related to inadequate refineries and fuel adulteration exist, especially in Africa Sweden,…
N-Gas Limited has officially informed the Volta River Authority (VRA) of its decision to suspend gas supply to Ghana due to outstanding arrears. N-Gas Limited has informed VRA about the suspension of gas supply to Ghana due to outstanding arrears The suspension is in accordance with Clause 13.6(a) of the Takoradi Gas Sales Agreement, which…
The Nigerien government has restricted Nigerian travelers holding ECOWAS passports. Niger restricts Nigerian travelers with ECOWAS passports due to its withdrawal from the West African regional bloc The Alliance for Sahel States (AES) has replaced ECOWAS passports with new biometric passports for its member states The move may lead to challenges for citizens of Mali,…
The Democratic Republic of Congo (DRC) has reached out to Chad for military assistance in combating the escalating insurgency by the Rwanda-backed M23 rebels in its eastern provinces. DRC seeks military assistance from Chad to combat M23 rebels. M23 rebels have captured significant territories in North Kivu and South Kivu since January. Government representatives from…
Egypt, alongside Britain, in a joint Egyptian-British mission, has discovered a pharaonic royal tomb for the first time in a century, belonging to King Thutmose II. Egypt and Britain discovered a pharaonic royal tomb together, the first in a century. The tomb belongs to King Thutmose II and is located west of the Valley of…
Ghana’s National Health Insurance Scheme (NHIS) is grappling with severe financial shortfalls that are hindering progress in healthcare and weakening the protection of vulnerable groups. Ghana’s National Health Insurance Scheme is facing severe financial shortfalls The introduction of a capping law in 2017 limits the funds allocated to NHIS from the National Health Insurance Levy…
The African aviation market has experienced significant growth in recent years, driven by rising passenger traffic from international airlines, expanded route networks, and strategic partnerships. Business Insider Africa presents the international airlines with the largest African market The list is courtesy OAG aviation’s Data Insights on the World’s Major Airlines International airlines have expanded their…
Nigeria has taken legal action against cryptocurrency exchange Binance, demanding $79.5 billion in damages for alleged economic losses and an additional $2 billion in unpaid taxes. Nigeria has filed a lawsuit against Binance, seeking $79.5 billion in damages and an additional $2 billion in unpaid taxes. Binance faces charges of tax evasion, non-payment of VAT,…
Without submarines, a country’s naval power is greatly diminished, making its waterways open to attacks, intelligence lapses, and strategic disadvantages. Business Insider Africa presents the top 10 countries with the most submarines in 2025 This list is courtesy of Global Firepower. Venezuela ranks number 1 on the list. In naval combat, gathering data, and national…
Ukraine has relaunched its e-Visa program following a two-year suspension, and will allow travelers from 45 countries to submit their applications online. Ukraine relaunched its e-Visa program on February 17, 2025, allowing travelers from 45 countries to apply online The e-Visa system was suspended in 2022 due to the conflict with Russia The e-Visa program…
The Dangote Tomato Processing business is currently faced with the challenge of the cost of operation, and competition from substandard foreign products. Dangote Tomato Processing business facing challenges of high operational costs and competition from substandard foreign products. Concerns raised about government negligence leading to the deteriorating state of the plant and allowing importers to…
Nigeria as presently constituted has been taken off the list of countries restricted from participating in the global aviation leasing market. Nigeria has been removed from the global aviation leasing market’s blacklist. Individual airline operators in Nigeria can now directly deal with lessors to lease aircraft. Previously regarded as a risky market, Nigeria now has…
The British government has summoned a top Rwandan diplomat due to the ongoing crisis in the Democratic Republic of Congo. The British government has summoned a top Rwandan diplomat over the crisis in the Democratic Republic of Congo The conflict has resulted in significant loss of life, with at least 900 people killed in recent…
Millions of international students from Africa have, over the years, turned to the UK, Canada, and the United States for suitable and high-demand courses. International students from Africa prefer top destinations like Australia, Canada, Ireland, the UK, and the U.S. for high-demand courses Top three most searched courses reflect fields promising high employability, career advancement, …
In the third quarter of 2024, Nigeria spent more money exporting goods than importing, much like in the previous quarter. Business Insider Africa presents the top 5 products Nigeria spent the most money on, in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. Motor spirit ordinary ranks number…
The Minister of Youth Development and Empowerment, George Opare Addo, has assured the public that the betting tax will be abolished when the 2025 budget is presented. Minister of Youth Development assures abolition of betting tax in 2025 budget NDC government committed to fulfilling campaign promises and easing financial burden on bettors Efforts underway by…
Even politics and governance are not untouched by the power of prayer. In times of crisis, African leaders have called for national days of prayer, inviting their people to seek divine wisdom before making decisions that shape their nations. Business Insider Africa presents the top 5 African countries that pray the most. The list is…
Diesel prices in several African countries have been subject to both domestic and foreign market forces, resulting in price changes throughout the past month. Business Insider Africa presents the top 10 African countries with the lowest diesel prices in February 2025. This list is courtesy of data from GlobalPetrolPrices. Libya ranks number on the list.…
Dangote Refinery has announced the commencement of enhanced diesel production, meeting the Euro 5 standard. Dangote Refinery has started producing enhanced diesel meeting Euro 5 standards The Euro 5 standard sets strict limits on emissions for both gasoline and diesel engines, making it more environmentally friendly The refinery is expected to reach full operational capacity…
Nigeria’s headline inflation dropped to 24.48 per cent for January, according to the National Bureau of Statistics (NBS). Nigeria’s headline inflation dropped to 24.48% in January after the rebasing of the Consumer Price Index. The previous inflation rate for December was 34.80%, attributed to higher demand during the festive season. Inflation has risen due to…
The business world is dominated by those willing to take risks, and the Nigerian billionaire Aliko Dangote seems very familiar with this concept, as the Dangote refinery has had to contend with what he refers to as the “oil mafia”. Aliko Dangote considers building and running the Dangote refinery as the biggest risk of his…
An economist Professor Godfred Bokpin has cautioned that the economy of Ghana has deteriorated further since the country joined the International Monetary Fund (IMF) programme. He warned that President Nana Akufo-Addo’s plan to exit the programme in 2026 could destabilise the economy if done prematurely. Professor Godfred Bokpin warns that Ghana’s economy has worsened since…
Some African leaders have voiced concern that Russia may be deploying ex-convicts as mercenary forces to Africa, a move that could lead to an increase in violent crime rates across the continent. The concern stems from reports that many of the Russian mercenary forces currently being deployed to Africa were ex-convicts initially recruited to fight…
The cost of dining out in restaurants has a prevalent influence on social and economic dynamics in many African cities. Business Insider Africa presents the top 5 African cities where eating out is very expensive. This list is courtesy of Numbeo. Harare, Zimbabwe ranks number 1 on the list. For most individuals, eating out is…
Dr. Samuel Maimbo, a frontrunner for the African Development Bank (AfDB) presidency, has outlined his vision for higher rates of economic growth, infrastructure modernization, and regional integration in Africa. Aiming to become the second Zambian to lead the bank, he stresses the need to reduce reliance on foreign aid by mobilizing domestic resources and private…
South Africa is exploring new allies in its bid to expand nuclear power, with Russia and Iran emerging as possible partners. South Africa is considering Russia and Iran as potential partners for expanding nuclear power capacity. U.S. concerns over South Africa’s ties with Iran have escalated tension between the two countries. The previous agreement with…
Discussions about Africa’s wealthiest people occasionally revolve around the fact that the majority of the country’s high-net-worth individuals are Caucasian, as opposed to black billionaires. Business Insider Africa presents the top 5 richest black billionaires in Africa in 2025. This list is courtesy of Forbes’s recent billionaire index. Aliko Dangote ranks number 1 on the…
Late last year, the Dangote refinery shook Nigeria’s oil market by announcing a reduction in its petrol price. Dangote refinery announced reduction in petrol price in Nigeria last year. Fuel prices have fluctuated due to the price shift initiated by the refinery. Experts believe that fuel prices could drop, reducing the country’s inflation levels. Since…
According to the monthly report issued by the Organization of the Petroleum Exporting Countries (OPEC), oil production for some African countries increased in January compared to the previous month, however, this wasn’t the case for others. Business Insider Africa presents the top 5 African countries that produced the most oil for global consumption in January…
South African leader of the opposition party Economic Freedom Fighters (EFF), Julius Malema, has openly declared himself a “proud international criminal” in defence of his activism. Julius Malema, leader of the opposition party in South Africa, openly declared himself a ‘proud international criminal’ in defense of his activism He drew parallels between himself and Nelson…
Elon Musk, who has been a significant figure in the AI race, has promised to release what he believes to be the smartest AI, Grok 3. Elon Musk promises the release of Grok 3, the smartest AI on earth. Users accessed Grok 3 through X’s Grok chatbot software before access was taken away. Musk’s relationship…
Given how the relationships between several African countries and Western countries are falling apart, it begs the question of whether Russia’s relationship with its African partners would meet the same fate. Russian Foreign Ministry spokeswoman believes the relationship between Russia and African partners is unlikely to disintegrate. Russia has been gaining traction in Africa, particularly…
Aliko Dangote, Africa’s richest man, has announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia. Aliko Dangote plans to invest $400 million to revive a second production line at the Mugher cement plant in Ethiopia The Mugher plant has faced challenges, including regional violence and the…
Djibouti’s Minister of Foreign Affairs, Mahmoud Ali Youssouf, has been elected as the new Chairperson of the African Union Commission (AUC) for the 2025-2028 term. Mahmoud Ali Youssouf elected as Chairperson of the African Union Commission for 2025-2028 term Victory confirmed during 38th Ordinary Session of the African Union Assembly of Heads of State and…
Africa is home to some of the largest uranium reserves in the world. The top uranium-rich countries on the continent include Namibia, South Africa, and Niger. Business Insider Africa presents the African countries with the most uranium reserve. The list is courtesy of Statista. With an estimated 470,000 tonnes of uranium, Namibia is one of…
The Nigerian National Petroleum Company Limited (NNPC), faced with allegations of selling fuel far below the standard of Dangote’s refinery, has refuted such claims NNPC refutes allegations of selling sub-standard fuel products. Viral video suggested that NNPCL supplied substandard petrol, but it was contradicted by the group’s spokesperson. NNPC spokesperson noted that NNPCL filling stations…
Despite limited federal funding, some Nigerian states are prioritizing education as a strategic investment in securing the future of the nation’s children. Nigeria’s education budget allocation has declined from 10.75% in 2015 to 5.47% in 2025 The proposed 2025 budget allocates N6.13 trillion to education, making up 9.27% of the total national budget Top performers…
Philip Agbese, a member of the House of Representatives, has dismissed bribery allegations made against him by Binance executive Tigran Gambaryan. Philip Agbese challenges Tigran Gambaryan to present evidence or apologize within seven days. Agbese denies involvement in alleged bribery case related to Binance. He emphasizes that he has never engaged in cryptocurrency trading or…
Importers seeking to send goods to Nigeria are increasingly turning to other West African nations to evade excessive port charges. Importers are turning to other West African nations to avoid high port charges in Nigeria Clearing costs across Nigerian ports have surged, putting pressure on importers and businesses Manufacturers in Nigeria are pushing back against…
By integrating numerous levels of these security features, central banks make counterfeiting very difficult and expensive, lowering the likelihood of phony currencies circulation. Business Insider Africa presents the list of the hardest currencies to counterfeit in the world. This list is courtesy of BestBrokers. 100 Swiss Francs ranks number 1 on the list. The war…
A central bank’s Assets Under Management (AUM) are a key indicator of a country’s financial health and its economic strength. Assets Under Management (AUM) are a key indicator of a central bank’s financial health and economic strength AUM is used to stabilize currencies, manage inflation, and intervene in financial markets during economic crisis or instability…
The United States has been a key supporter of agricultural development in Africa, mainly through USAID. In 2024, Niger received the most U.S. agricultural aid, with $65.94 million, followed by Ethiopia at $63.14 million. Business Insider Africa presents the top 10 African countries that received the most U.S. foreign aid for agriculture in 2024. The…
Russia has finalized plans to establish its first naval base in Africa, solidifying its position alongside global powers like the United States and China. Russia has finalized plans to establish its first naval base in Africa The base is intended to serve as a logistics hub for Russian warships, including nuclear-powered vessels The Red Sea’s…
Like many other countries, Nigeria revels in the celebration of love commemorated on Valentine’s Day. Nigeria celebrates Valentine’s Day with gifts ranging from expensive jewelry to affordable items like flowers and chocolates. High inflation in Nigeria is making it difficult for people to afford presents for Valentine’s Day. Popular Valentine’s Day activities in Nigeria include…
As 2025 enters its second month, rising fuel prices are already weighing hard on some African countries, putting further financial burdens on governments, enterprises, and consumers. Business Insider Africa presents the top 10 African countries with the highest fuel prices in February 2025. This list is courtesy of GlobalPeterolPrices. The Central Africa Republic ranks number…
Nigeria has allocated $200 million in its 2025 budget to address shortfalls resulting from the United States’ suspension of aid, according to a Senate document reviewed by Reuters on Thursday. Nigeria allocates $200 million in 2025 budget to address aid suspension from the United States. Ghana is also scrambling to bridge $156 million funding gap…
Africa’s richest man, Aliko Dangote continues to advocate for Nigeria’s self-sufficiency as he extends his campaign to eliminate oil imports to the sugar business. Aliko Dangote aims to end sugar importation in Nigeria and has allocated $700 million to the cause. The company plans to explore opportunities in the manufacturing sector to replace imports, create…
In the third quarter of 2024, Nigeria spent more money importing goods, similar to how it did exporting products compared to the previous quarter. Business Insider Africa presents the top 5 countries Nigeria spent the most money on in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. China…
According to projections by the Global Cities Institute, the future belongs to Africa. By 2100, 13 of the world’s largest megacities will be on the continent, while India will claim three. Business Insider Africa presents the top 10 African cities among projected megacities by 2100. The list is courtesy of the World Economic Forum. Lagos,…
The Nigerian government has expressed dissatisfaction with the Canadian embassy’s decision to deny visas to its military officers. Nigeria expresses dissatisfaction with Canada denying visas to its military officers Nigeria’s Chief of Defense Staff, General Christopher Musa and senior army officials were denied visas to attend an event in Canada Canada has introduced new immigration…
Russia’s energy investment into African countries such as Algeria, Congo, and Tanzania, has caught the attention of its contemporaries as Equatorial Guinea hopes to get in the mix. Russia’s energy investment in African countries like Algeria, Congo, and Tanzania has attracted attention. Equatorial Guinea aims to join Russian partnerships in the energy sector. Partnerships involve…
Female researchers in Africa have made profound contributions across various fields, playing a crucial role in scientific advancements, social development, and policy influence. African female researchers have made significant contributions across various fields, despite systemic challenges Gender disparities in academia and research persist in Africa, with only 31.5% of researchers in Sub-Saharan Africa being women…
Namibia’s central bank governor has cautioned that rising tensions between the U.S. and South Africa could have a destabilizing effect on Namibia’s economy. Namibia’s central bank governor warns of destabilizing effect on the economy due to rising tensions between the U.S. and South Africa. Namibian dollar is pegged to the South African rand, making it…
China and European Union member countries have pledged their support for South Africa following the recent sanctions announced by the United States. China and E.U. express support for South Africa U.S. imposed sanctions due to disagreement over South Africa’s land reform policies European Union pledges readiness to strengthen ties and support South Africa’s leadership of…
The Democratic Republic of Congo (DRC) has challenged Rwanda’s bid to host the Formula 1 Grand Prix, urging the host to terminate discussions. DRC is challenging Rwanda’s bid to host the Formula 1 Grand Prix DRC warns that Formula 1 risks having its brand ‘smeared by a blood-stained association’ if it allows Rwanda to host…
While some governments opt to spend less money on defense in favor of other sectors such as healthcare, education, and infrastructure, a chronically low military budget can expose a country to major threats. Business Insider Africa presents the top 10 countries with the cheapest militaries in 2025. This list is courtesy of Global Firepower. Bhutan…
A newly released ranking of airline on-time performance (OTP) for January 2025 has identified EgyptAir as one of the least punctual carriers during the period. Business Insider Africa presents the least punctual airlines in January 2025 The ranking is courtesy OAG Aviation An African carrier, EgyptAir was identified as one of the most delayed airlines…
Nigerian business mogul Tony Elumelu is doubling down on his belief that Africa is the best place to invest, stressing the continent’s massive opportunities and unbeatable returns. Tony Elumelu champions Africa as top investment destination at World Government Summit. He stressed Africa’s high return on investment (ROI) and vast opportunities in key sectors. Urges business…
A recent report has ranked African countries based on the economic shocks they experienced in 2024. The UNCTAD report ranks African countries based on economic shocks experienced in 2024 African economies face external shocks due to commodity dependency, high debt, and limited technological infrastructure The most vulnerable countries to economic shocks include Mozambique, Zambia, Angola,…
A recent report revealed that Uganda is facing a 300 billion shillings ($82 million) funding deficit in its HIV relief programs. Uganda faces a $82 million funding deficit for HIV relief programs. USAID elimination by President Trump has led to global aid cuts, including to Uganda’s health sector. US funding contributed $417 million to Uganda’s…
Nigeria’s Air Peace and the International airline, Emirates, have come to a joint agreement intended to ease travel to and from Nigeria. Emirates and Air Peace have agreed to expand Emirates’ network to 13 new sites in Nigeria. Passengers will have seamless single-ticket travel and simplified baggage between Dubai and various Nigerian cities. The collaboration…
Egypt isn’t the only African nation drawn into China’s expanding space ambitions. Beijing has signed space cooperation agreements with 23 African countries, funding satellites and ground stations that collect valuable imagery and data. China is strengthening its space cooperation with Africa, securing nearly two dozen agreements with various nations. China has signed space cooperation agreements…
Ghana’s President, John Dramani Mahama, has told Finance Minister Cassiel Ato Forson to act fast and fill a $156 million funding gap after the U.S. cut off aid from USAID, according to a statement from his office. Ghana’s President instructed Finance Minister to address $156 million funding gap after U.S. aid cut. President Trump’s executive…
The Norwegian Refugee Council (NRC) has announced they may be forced to suspend essential aid in nearly 20 countries due to funding cuts from its major donors. The Norwegian Refugee Council (NRC) faces funding cuts from major donors NRC received nearly 20% of its funding, approximately $150 million, from the U.S. in 2024 NRC operates…
Global economies rely significantly on maritime trade, and submarines play a role in defending crucial sea routes. Business Insider Africa presents the top 10 countries with the most submarines in 2025 This list is courtesy of Global Firepower. The United States ranks number 1 on the list. Submarines have always been predominant in naval combat,…
The transition rate from mortgage to homeownership is an important indicator of financial access in African cities. Business Insider Africa presents the top 5 African cities that offer the worst transition rates from mortgage to home ownership. This list is courtesy of data from Numbeo. Addis Ababa ranks number 1 on the list. Cities with…
The highly anticipated Africa Energy Bank (AEB) is set to launch in the first quarter of 2025, according to Nigeria’s Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri. Africa Energy Bank (AEB) to launch in first quarter of 2025 Aims to finance oil and gas projects and support Africa’s energy transition with a $120…
The approved tariff increase is expected to help mitigate the effects of macroeconomic challenges and support the company’s financial stability. MTN implemented a price hike on internet plans following NCC approval of a 50% tariff increase. Telecom providers in Nigeria, including MTN, have long advocated for price adjustments to align with economic realities. The approved…
As of 2024, several African countries remain deeply impacted by corruption, which affects their citizens’ lives and hampers economic development. Business Insider Africa presents the 10 most corrupt African nations The list is courtesy Transparency International’s CPI 2024 report Lowest scores were reported in Somalia, South Sudan and Libya Countries struggling with high corruption levels…
Mali has introduced new taxes on mobile voice calls and mobile money withdrawals to help fund its fight against an ongoing Islamic insurgency threatening parts of the country. Mali introduces new taxes on mobile voice calls and mobile money withdrawals to fund fight against Islamic insurgency. 10% tax on mobile recharge for calls and 1%…
The announcement comes after US President Donald Trump froze all aid to South Africa due to the country’s new land expropriation law and its allegations of genocide against Israel. The United States has announced a waiver allowing certain health programs to continue in South Africa. The waiver will ensure the continuation of HIV care and…
For the past few years, Russia has been rapidly expanding its footprint in Africa. Russia is prioritizing its expansion in Africa. Russia recently added Nigeria, Tunisia, and Ethiopia to its currency trading list and plans to trade with Tanzania in local currencies. Russia’s relationship with Africa is based on friendship, non-interference, lack of double standards,…
Kenya’s economy is set to experience some relief as the Kenyan Central Bank (CBK), has decided to enforce the implementation of the country’s current interest rate. Kenyan Central Bank enforces implementation of current interest rate. Kenya Commercial Bank (KCB) reduces lending rate from 15.6% to 14.6%. CBK puts pressure on banks to lower rates, initiates…
In a surprising move for Silicon Valley’s tech ecosystem, Sam Altman, CEO of OpenAI, has openly rejected a $97 billion bid from Elon Musk to acquire the AI company. Sam Altman rejected a $97 billion bid from Elon Musk to acquire OpenAI Elon Musk wants OpenAI to return to its open-source, safety-focused roots Altman rejected…
The Department of Government Efficiency (DOGE), established under the Trump administration and spearheaded by Elon Musk has blocked funding for Liberia. The Elon Musk-led DOGE has cancelled a $17 million project to provide tax policy advice to Liberia The cancellation is part of DOGE’s mission to reduce government waste and increase the efficiency of U.S.…
A political clash is brewing in South Africa following Donald Trump’s sanctions on the country over its land reform policies. Donald Trump imposed sanctions on South Africa over its land reform policies The sanctions led to heated exchanges between South African political parties, billionaire Elon Musk, and white minority groups Tensions have risen due to…
Affordability, as the years go by has become more of a primary concern for citizens in many African cities, as they attempt to strike a balance between their income and living expenses. Business Insider Africa presents the top 5 African cities with the most affordable housing in 2025. This list is courtesy of Numbeo. Pretoria…
Africa’s crypto adoption continues to grow, increasing from 40.1 million to 43.5 million users, an 8.5% rise. But despite this steady climb, the continent has faced regulatory roadblocks. Business Insider Africa presents the top 10 African countries with the highest crypto ownership. The list is courtesy of Triple-A and sourced from Statisense. Africa’s crypto adoption…
The Central African Republic (CAR) has introduced a meme coin, a move President Faustin-Archange Touadéra says will help boost the country’s global profile. The Central African Republic (CAR) has introduced a meme coin to boost its global profile. CAR made history as the first African nation to adopt Bitcoin as legal tender three years ago.…
According to the IMF, Seychelles has the highest GDP per capita in Africa at $22,000, making it the continent’s leader in average income per person. Mauritius comes next with $13,100, while Gabon follows with $9,000. Business Insider Africa presents the top 10 African countries with the highest GDP per capita in 2025. The list is…
Compared to the last two quarters of 2024, the private sector stance in Kenya is less optimistic in 2025. Private sector in Kenya less optimistic in 2025 compared to last two quarters of 2024. Survey by KNCCI shows increasing pessimism over revenue, workforce size, and key input costs. 24% of businesses do not foresee revenue…
Compared to the previous quarter, recent estimates show that Nigeria’s export value in Q3 of 2024, increased compared to the previous quarter. Business Insider Africa presents the top 5 countries Nigeria sold the most goods to in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. Spain ranks number…
Tanzania is currently in the process of regulating the use of foreign currencies for local transactions, and instead opt exclusively for the use of the Tanzanian Shilling. Tanzania is regulating the use of foreign currencies for local transactions. The central bank is amending regulations to exclusively use the Tanzanian Shilling for financial transactions within the…
Africa’s top five economies—Nigeria, South Africa, Egypt, Algeria, and Ethiopia—are home to some of the continent’s billionaires. Top five African economies include Nigeria, South Africa, Egypt, Algeria, Ethiopia African billionaires have leveraged the economic growth of these thriving nations to scale their businesses and increase their wealth. Billionaires like Aliko Dangote (Nigeria), Johann Rupert (South…
S&P Global Ratings has cautioned that the intensifying conflict between Rwanda and the Democratic Republic of Congo (DRC) could negatively impact their credit ratings, as the economic strain of war weakens both nations. Intensifying Rwanda-DRC conflict could impact credit ratings negatively. Rwanda risks losing foreign aid, critical for its budget. DRC may experience stretched finances…
Former U.S. President Donald Trump disbanded the Department of Justice unit specializing in tracing and recovering multibillion-dollar loot from corrupt foreign leaders. Former U.S. President Donald Trump disbanded the Kleptocracy Asset Recovery Initiative The initiative was instrumental in cases like the 1MDB scandal and the recovery of funds traced to Nigerian ex-head of state, Gen…
Ethiopia is the largest USAID beneficiary in Africa, receiving $1.20 billion in aid. The Democratic Republic of Congo follows closely with the same amount of $1.20 billion. Business Insider Africa presents the 5 biggest USAID beneficiaries in Africa The list is based on data from U.S. Foreign Assistance and sourced via StatiSense Ethiopia is the…
U.S. President Donald Trump has frozen aid to South Africa over a controversial land expropriation law making it easier for the state to expropriate land in the public interest. U.S. President Donald Trump has frozen aid to South Africa over a controversial land expropriation law. South African President signs law to make it easier for…
With a growing population in many African countries and increased life expectancy, a solid pension system is essential not just for retiree well-being, but also for governments’ long-term economic stability. Business Insider Africa presents the top 10 African countries with the most deficient pension situation This list is courtesy of the Absa Africa Financial Markets…
Pollution in many regions and Africa most especially, leads to complex issues that go beyond environmental concerns, affecting both public health and overall productivity. IQAir live report ranks African cities by Air Quality Index (AQI), highlighting the severity of air pollution in these regions The WHO reports that 2.4 billion people face hazardous household air…
To maintain economic stability, geopolitical influence, and national security, a country’s defense budget is very pivotal. Business Insider Africa presents the top 10 countries with the most expensive militaries in 2025. This list is courtesy of Global Firepower. The United States ranks number 1 on the list. A well-funded military is crucial for preserving sovereignty,…
Countries are often added to the Financial Action Task Force (FATF) grey list due to deficiencies in their anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. 24 countries are listed on the FATF grey list as of February 2025 Grey listing can lead to significant economic and reputational damage for countries Some African countries, such…
Russia and Ethiopia are looking into the viability of trading in their local currencies, as well as bolstering their already budding bilateral relations. Russia and Ethiopia are exploring the possibility of trading in local currencies to strengthen bilateral relations. Ethiopia and Russia aim to cut transaction costs and economic uncertainty by using their currencies for…
FlySafair, South Africa’s largest airline, stands out as the only African airline featured in Cirium’s latest “Most On-Time Airlines” rankings, at the regional level (Middle East and Africa). FlySafair ranked first in Cirium’s ‘Most On-Time Airlines’ for the Middle East and Africa region with a 93.82% on-time performance rate. The airline demonstrated a remarkable 97.14%…
Moroccan authorities prevented 78,685 migrants from attempting to enter the European Union illegally in 2024, marking a 4.6% increase from the previous year. Moroccan authorities prevented 78,685 migrants from attempting to enter the European Union illegally in 2024. Morocco and Spain have strengthened their cooperation to combat irregular migration since 2022 Years of armed conflict,…
A new report reveals that numerous breaches have occurred in personal online accounts, particularly in email accounts, between 2004 and 2024. Between 2004 and 2024, numerous breaches occurred in personal online accounts, particularly in email accounts In 2024 alone, over five billion accounts were compromised, a sharp rise from 730 million in 2023 South Sudan…
Known for its vast landscapes, cultural diversity, and vibrant ecosystems, Africa offers some of the most unforgettable travel experiences. Morocco and Botswana are ranked among the 25 best places to visit in 2025. Africa is fast becoming a popular destination for global travelers. Morocco and Botswana are ranked among the 25 best places to visit…
One important measure of financial accessibility in African cities is a high loan affordability index, concerning the payment of mortgage. Business Insider Africa presents the top 5 African cities that offer the best transition rates from mortgage to home ownership. This list is courtesy of data from Numbeo. South Africa’s Pretoria ranks number 1 on…
The Senegalese government is seeking to redefine its long-standing relationship with its former colonial rulers, the French, by renaming public places. The Senegalese government aims to rename public places named after French colonial figures Many streets and buildings in Senegal still bear the names of colonial administrators and French figures New president Bassirou Diomaye Faye…
As part of its 20th-anniversary celebrations, Google has released a list of the most searched locations in Nigeria. Google released a list of the most searched locations in Nigeria for its 20th-anniversary celebrations Google Maps has provided directions covering over 1 trillion KM and mapped more than 250 million businesses and places The top reviewed…
US Secretary of State Marco Rubio says he will not attend the G-20 summit in South Africa scheduled for February 20-21, citing concerns over South Africa’s newly enacted land-expropriation law. Marco Rubio will not attend the G-20 summit in South Africa due to concerns over the newly enacted land-expropriation law. Donald Trump has also criticized…
The United States government has issued a travel advisory for its citizens in the Democratic Republic of the Congo (DRC) amid the ongoing crisis. Conflict in eastern DRC has escalated, displacing over 480,000 people The United States issued a Level 4 travel advisory for the Democratic Republic of the Congo (DRC) The Embassy has shut…
Given Zimbabwe’s extensive loan to China, and the West’s reluctance to do business with the Southern African nation, the country has been handed an olive branch by the United Arab Emirates (UAE). The UAE has become Zimbabwe’s largest trade partner since 2022. The UAE has invested $1.4 billion in real estate and gold trading in…
Almost a dozen Ugandan government officials have been detained owing to their alleged affiliation with a major financial crime. 9 Ugandan officials detained due to alleged involvement in major financial crime. Connection to hacking of central bank’s electronic systems and theft of 62 billion shillings ($16.87 million). Highest-ranking officer in the ministry’s Treasury division among…
The Dangote Refinery, has strengthened its position in the petroleum industry with the export of two cargoes of aviation fuel to Saudi Arabia. Dangote Refinery exported two cargoes of aviation fuel to Saudi Aramco Dangote’s aviation fuel now accounts for at least two-thirds of Nigeria’s supply and nearly half of West Africa’s consumption The refinery’s…
More details have emerged following Elon Musk’s discussions with South African President Cyril Ramaphosa amid rising tensions over the country’s land reform policies. Elon Musk spoke with South African President Cyril Ramaphosa about land ownership policies The phone call aimed to ease tensions between South Africa and the United States over the land expropriation law…
With a growing population in numerous African countries and rising life expectancy, having a strong pension system in place is critical not just for retiree well-being, but also for governments’ long-term economic stability. Business Insider Africa presents the top 10 African countries with the best pension fund development. This list is courtesy of the Absa…
South Africa’s largest airline, FlySafair, has been given a year to reduce its foreign shareholding, or it risks having its license suspended. FlySafair has been given a year to reduce its foreign shareholding to comply with regulations. The airline risks license suspension if it fails to meet the 12 months deadline. At least 75% of…
Rwanda may be facing a significant economic setback as the European Union (E.U) has received a request to nullify its mineral partnership deal with the East African country. The European Union has received a request to nullify its mineral partnership deal with Rwanda Rwanda is accused of increasing its military presence in Congolese territory and…
Niger continues to make major advances as it plans to establish multiple airlines, following plans to implement a biometric passport system with Burkina Faso and Mali. Niger plans to establish multiple airlines, including a national airline and one for the Alliance of Sahel States. The Minister of Transportation and Equipment emphasized the goal of facilitating…
Ukraine is exploring the possibility of establishing a logistics hub in Egypt to facilitate the supply of its agricultural products to the region, Agriculture Minister Vitaliy Koval announced on Tuesday. Ukraine is exploring the possibility of establishing a logistics hub in Egypt. The hub aims to facilitate the supply of Ukrainian agricultural products to the…
South African President Cyril Ramaphosa spoke with Elon Musk regarding misinformation about South Africa, the presidency announced on Tuesday. Elon Musk accused South Africa of enforcing ‘openly racist ownership laws’ and implied targeting of white people. Ramaphosa and Musk spoke to address ‘issues of misinformation and distortions’ regarding the country. South Africa’s land reform policy…
Switzerland has announced the termination of its development aid program to Eritrea, citing persistent challenges in repatriating rejected asylum seekers. Switzerland has terminated its development aid program to Eritrea Eritrea’s refusal to accept deported nationals has caused frustration in Swiss-Eritrean relations Switzerland’s decision to end aid raises questions about the effectiveness of foreign aid in…
Nigeria’s external reserve saw a loss of $1.19 billion in just 3 weeks after the country had recorded a high of $40.920 billion on the 6th of January 2025. Nigeria’s external reserve declined by $1.19 billion in 3 weeks. Gross external reserves dropped to $39.723 billion by January 31st. Financial Derivatives Company predicts a further…
The Eastern Congo rebel coalition, which includes the M23 group, has announced a ceasefire for humanitarian reasons, yielding to international pressure to halt the escalating conflict. The Eastern Congo rebel coalition, including the M23 group, has announced a ceasefire for humanitarian reasons. The ceasefire is set to take effect on February 4, and the group…
The Absa Africa Financial Markets Index reported significant market developments in 2024. In Africa, South Africa tops the list for foreign exchange accessibility, scoring 87 out of 100. Business Insider Africa presents the top 10 African countries with easy access to foreign currency. The list is courtesy of Absa Africa Financial Markets Index. Among African…
The reputation of Volodymyr Zelenskyy, Ukraine’s president, may be at stake as the country’s presidential elections could become a reality. Zelenskyy’s presidency may be at stake if presidential elections are held due to martial law. Ukraine declared martial law following Russia’s invasion in February 2022. The U.S. and Russia are urging Ukraine to hold elections,…
Ghana’s economy, one month into its current administration under its new president, John Mahama, has recorded some marginal gains, specifically in its inflation rate. Ghana’s consumer inflation decreased from 23.8% in December to 23.5% in January year-over-year. Slowing in non-food inflation contributed to the decline while food prices continue to rise. The inflation rate of…
The Congolese government, alongside U.N. officials and Western powers, including the United States, has accused neighbouring Rwanda of exacerbating the conflict by deploying thousands of troops and heavy weaponry in support of M23. Rwandan President Paul Kagame denies knowledge of Rwandan troops operating in eastern DRC. UN experts estimate 3,000 to 4,000 Rwandan soldiers are…
Nigeria’s upstream oil regulator announced on Monday that oil producers who fail to meet their required supply quotas to local refineries, including the massive Dangote Refinery, will be denied export permits. Oil producers failing to meet supply quotas to local refineries will be denied export permits. Domestic crude supply obligation ensures local energy needs are…
A global ranking assessing countries’ digital well-being has highlighted the state of digital quality across African nations. Business Insider Africa presents 10 African countries with best digital quality of life The ranking is courtesy of the 2024 Surfshark Digital Quality of Life Index South Africa, Morocco, and Mauritius led the ranking reflecting challenges in internet…
A transparent financial market in Africa relies on multiple key factors, including macroeconomic stability. The Absa Africa Financial Markets Index reported significant market developments in 2024 The report highlighted the importance of ESG reviews and credit ratings in improving Africa’s financial markets The African countries with the most transparent financial markets during the period include…
With billions of barrels lying beneath the land and offshore, oil is one of Africa’s biggest money-makers. Morocco has the smallest proven oil reserves in Africa, with just 684,000 barrels, placing it 94th globally. Business Insider presents the top 10 African countries with the smallest proven oil reserves in 2025 The list is courtesy of Global…
Africans face significant challenges related to fraud and identity documents, which impact governance, financial systems, and social services. Identity theft and document forgery are significant challenges in Africa Weak identification systems in many African countries make it easier for fraudsters to manipulate official records Biometric fraud remained the most prevalent fraud type in 2024, while…
Tech billionaire Elon Musk sparked widespread debate on social media after accusing South Africa of having “openly racist ownership laws”. Elon Musk accused South Africa of having ‘openly racist ownership laws’ in response to a tweet by President Cyril Ramaphosa. President Donald Trump announced the U.S. would halt aid to South Africa over its land…
The Dangote Refinery took a bold step over the weekend: a considerable price reduction for Premium Motor Spirit (PMS), commonly referred to as petrol. Dangote Refinery reduced petrol price from N950 to N890 per liter Reduction in response to favorable global energy sector and decrease in international crude oil prices Marketers wary of challenges and…
The Kremlin has expanded the list of African friends whose banks may now trade currencies in Russia. These additions include Nigeria, Tunisia, and Ethiopia. Russia expanded the list of African countries eligible for currency trading in Moscow to include Nigeria, Tunisia, and Ethiopia. The total number of countries allowed for currency trading in Russia has…
Following Trump’s remarks, the South African rand dropped nearly 2% against the dollar in early Asia trading. U.S. President Donald Trump announced the halt of aid to South Africa due to its land expropriation policies. Trump claimed that ‘certain classes of people’ in South Africa were being treated ‘very badly’ without providing evidence. Trump’s comments…
The Democratic Republic of Congo has condemned the sponsorship agreement between major football clubs and the Rwandan government. DR Congo condemns sponsorship deal between football clubs and Rwandan government Rwanda has sponsorship deals with Arsenal, Paris Saint-Germain, and Bayern Munich, as well as a partnership agreement with NBA Africa Congo’s Foreign Minister urges Arsenal, Bayern…
The mining of manganese in Gabon significantly boosted the Central African country’s revenue in its previous fiscal year. Gabon’s revenue significantly boosted by manganese mining in 2024. Manganese necessary for manufacturing steel and batteries. Gabon’s manganese mining revenue grew by 5.8% from September 2023 to over $1 billion by 2024. In 2024, Gabon saw a…
U.S. forces conducted airstrikes in Somalia on Saturday, targeting a senior Islamic State attack planner and other militants, resulting in multiple casualties, President Donald Trump announced. U.S. forces conducted airstrikes in Somalia targeting senior Islamic State attack planner and other militants. The strikes were aimed at destroying caves and killing terrorists without harming civilians. The…
Under the AfDB’s plan, countries would pool a pre-agreed amount of their proven critical mineral reserves, allowing local currencies to be converted at an agreed rate. African Development Bank is proposing a new currency system backed by critical minerals. Concept aims to leverage Africa’s vast critical mineral reserves and increase energy investments. New currency system…
Oli marketers in Nigeria are now lifting petroleum products from other local refineries outside of the Dangote Refinery. Marketers in Nigeria are now lifting petroleum products from local refineries outside of the Dangote Refinery. Port Harcourt and Warri refineries are in full swing with PETROAN members loading their trucks there. The resurgence of refineries is…
Despite Nigeria’s efforts to increase local production of petroleum products, over five billion liters of PMS and diesel were imported within a four-month period. Nigeria imported over 5 billion liters of PMS and diesel within a four-month period Efforts to increase domestic refining capacity have not reduced Nigeria’s reliance on fuel imports Dangote Group is…
The ongoing conflict between Rwanda and the Democratic Republic of Congo (DRC) has seen notable developments, with Southern African leaders making efforts to address the crisis. The conflict between Rwanda and the Democratic Republic of Congo (DRC) has seen notable developments Southern African Development Community (SADC) reaffirmed its commitment to supporting the DRC in its…
Ghanaian administrators erupted into a frenzy late Thursday night after a committee meeting went off the rails. Ghanaian parliamentary meeting turns violent and chaotic Dispute arose during vetting of new ministerial appointments Committee members accused of dragging out the process to settle political scores Reports indicated that the parliamentary members of the West African country…
In Rwanda, for example, an impressive 96 per cent of people living with HIV are now receiving antiretroviral therapy (ART). Business Insider Africa presents the top 10 African countries with the highest percentage of people receiving antiretroviral therapy (ART). The list is courtesy of Statista. In Rwanda, for example, an impressive 96 per cent of…
According to the World Health Organization (WHO), which just sent its congratulations, Niger has gone down as the first African country to stop the transmission of Onchocerca volvulus, commonly known as river blindness. Niger becomes the first African country to eliminate transmission of river blindness. It is also the fifth country in the world to…
South Africa is gearing up to secure a spot on the Formula 1 calendar, with plans to raise $50 million to fund its bid to host the prestigious race. South Africa is working to secure a spot on the Formula 1 calendar for 2027. The country aims to raise $50 million for the bid through…
Johannesburg’s OR Tambo International Airport (JNB), the only airport in Africa offering regularly scheduled nonstop passenger flights to all six inhabited continents. Johannesburg’s OR Tambo International Airport is the only airport in Africa offering scheduled nonstop passenger flights to all six inhabited continents. The airport is the busiest in sub-Saharan Africa and serves as a…
A low population reaching military age has a direct influence on a country’s capacity to sustain a strong and well-staffed military, including within Africa. Business Insider Africa presents the top 10 African countries with the fewest number of potential soldiers. This list is courtesy of Global Firepower. Nigeria ranks number 1 on the list. While…
The escalating violence in the Democratic Republic of Congo has drawn the attention of the United Kingdom, which is now threatening to withhold aid from Rwanda. The UK threatens to withhold funding from Rwanda due to its involvement in the escalating conflict in DRC Rwanda receives over $1 billion in global aid annually from the…
France has handed over its last military base in the West African country of Chad to the locals. France has handed over its last military base in Chad to the Chadian government. Chad has chosen to cut its involvement with Western powers and ended a military pact with France. The Chadian National Army is ready…
Rwanda appears to be in a heated race to host the Formula 1 Grand Prix, 30 years after it was last held on African soil. Rwanda and South Africa are competing to host the Formula 1 Grand Prix after 30 years in Africa. Rwanda is constructing a track designed by former F1 driver Alexander Wurz,…
Switzerland has joined the United States in reevaluating its foreign aid investments, announcing an end to development programs in three nations. The Swiss government will reduce funding for foreign aid, impacting various aspects of international cooperation Switzerland is ending development programs in three nations including Zambia, as part of budget cuts Humanitarian aid, peacebuilding efforts,…
Africa is on the brink of a labour market revolution. By 2030, more than 375 million young people will be employed in the job market in Africa, and this demographic boom is expected to increase to more than a billion people in the next decade. Africa is facing a labor market revolution with the employment…
South Africa, in particular, stands out as the country with the highest number of people living with HIV in Africa. In 2023, 7.7 million South Africans were living with the virus. It also received the highest HIV/AIDS assistance in 2024, totaling $250 million. Business Insider Africa presents the top 10 African countries with the highest…
Every year, rankings of the world’s best cities spark debates, inspire travel plans, and, let’s be honest, give residents some serious bragging rights. Cape Town, South Africa, claimed the top spot on TimeOut’s list of the 50 best cities in the world for 2025. Business Insider Africa presents the African cities ranked among the world’s…
Nigeria’s petrol imports have reached their lowest level in eight years, as the country’s new mega-refinery reduces reliance on foreign suppliers and strengthens fuel independence. Nigeria’s petrol imports reach lowest level in 8 years due to new mega-refinery reducing reliance on foreign suppliers. Imports averaged around 110,000 barrels per day, predominantly from Europe. Refinery disrupts…
The United States has pledged to maintain funding for life-saving humanitarian assistance during a 90-day pause in foreign aid. The United States pledges to maintain funding for life-saving humanitarian assistance Secretary of State Marco Rubio announces an ‘Emergency Humanitarian Waiver’ to ensure continued access to HIV treatment The waiver includes assistance for core life-saving medicine,…
The ongoing investment boom and the continued migration from rural to urban areas have been key drivers of Africa’s real estate growth. Africa’s real estate growth driven by investment boom and urban migration Africa’s real estate market poised to reach US$17.64 trillion by 2025 Countries like Mauritius, Seychelles, Egypt, Namibia, South Africa, and Rwanda offer…
A conservative country is one where traditional values and social norms hold significant sway over daily life. Eritrea ranks as the most conservative African country with a score of 0.01, followed by Equatorial Guinea at 0.05. Business Insider Africa presents the top 10 most conservative African countries. The list is courtesy of Wise Voter. Eritrea…
On January 20, 2025, Donald Trump was sworn in as the 47th President of the United States for a second term, with the promise of putting America first. Business Insider Africa presents the top 10 African countries with the most citizens deported from the U.S. under Biden. This list is courtesy of the Immigration and…
Niger, Mali, and Burkina Faso, the three military-led West African nations, have officially withdrawn from the Economic Community of West African States (ECOWAS). Niger, Mali, and Burkina Faso have officially withdrawn from ECOWAS. The withdrawal process was complicated, involving economic penalties and diplomatic pressure from Western governments. Their departure has raised questions about the future…
Citizens of the Democratic Republic of Congo have taken to the streets in protest against the ongoing offensive by the M23 rebel group in the country’s eastern region. Angry protesters targeted foreign embassies in Kinshasa, looting and setting some on fire The embassies of France, Belgium, Rwanda, Uganda, Kenya, and the United States were among…
A private equity firm backed by Aliko Dangote is set to enter Kenya’s food and beverage market with the acquisition of Java House, a leading Kenyan coffee chain. Aliko Dangote backed private equity firm is set to enter Kenya’s food and beverage market through the acquisition of Java House. The acquisition is backed by Alterra…
Given Africa’s enormous geopolitical size and varied geography, a small helicopter fleet can provide serious difficulties for some African countries. Business Insider Africa presents the top 10 African countries with the fewest helicopters in 2025. This list is courtesy of Global Fire Power. Somalia ranks number 1 on the list. A nation’s defense, humanitarian endeavors,…
The Nigerian government has announced the deportation of 828 illegal immigrants from the country in 2024. The Nigerian government deported 828 illegal immigrants in 2024 for various immigration infractions Terrorists from neighboring Niger Republic have exacerbated humanitarian crises around the northern Nigerian states Previous deportations included illegal migrants from Niger, India, and the Democratic People’s…
The price of groceries in several African countries has emerged as a key indicator of household stability. Business Insider Africa presents the top 10 African countries with the most affordable groceries at the start of 2025. This list is courtesy of Numbeo. Egypt ranks number 1 on the list. Cheap groceries are more than just…
African countries with minimal IMF debt demonstrate the benefits of careful financial management and diverse economic strategies. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF at the start of 2025. This list is courtesy of data from the International Monetary Fund. () ranks number 1 on the…
The Global Talent Competitiveness Index (GTCI) ranks Mauritius as the top African nation in vocational and technical skills, achieving a 54.09% rating. Egypt follows in second place with 52.35%, while Mauritania takes third with 40.2%. Business Insider Africa presents the top 10 African countries with the best vocational and technical skills. The list is courtesy…
The effort to rid Africa of terrorist groups is gaining momentum as INTERPOL continues to dismantle cells across the continent. INTERPOL is making progress in dismantling terrorist cells in Africa 37 members linked to major terrorist organizations were arrested in a large-scale raid across eight East African countries The operation aimed to reinforce border security…
Libya, despite enduring political instability, holds the largest oil reserves in Africa, with 48.36 billion barrels, ranking 9th globally according to Global Firepower. Known for its high-quality, low-sulfur crude, Libya’s oil is in high demand on international markets. Business Insider presents the top 10 African countries with the largest proven oil reserves in 2025 The…
Kenyan President William Ruto, a strong advocate for African Union (AU) institutional reforms, stated yesterday that ongoing conflicts are causing Africa to lose $18 billion annually. The ongoing conflicts in Africa are causing the continent to lose $18 billion annually. There were 1,000 terrorism incidents between April and June 2024, resulting in 4,818 deaths across…
Troops from the Democratic Republic of Congo (DRC) and Rwanda have reportedly exchanged fire along their shared border in the eastern city of Goma. This escalation has deepened an already dire humanitarian crisis in a region scarred by two devastating wars between 1996 and 2003. Troops from DRC and Rwanda have reportedly exchanged fire along…
For the second month in a row, Ghana has decided to retain its interest rate, as it attempts to mitigate inflationary pressures. Ghana maintains interest rate at 27% for second consecutive month. Inflation profile remains high due to elevated food prices caused by adverse weather and supply-chain weaknesses. New administration’s tightening of fiscal policy expected…
Liquefied Petroleum Gas (LPG), sometimes known as cooking gas, is essential to the lives of millions of people across the globe. Business Insider Africa presents the top 10 countries with the lowest cooking gas prices at the start of 2025. This list is courtesy of GlobalPetrolPrices. Algeria ranks number 1 on the list. This fuel’s…
Trump’s directive to deport millions of illegal immigrants, including those with removal orders, is expected to affect many African immigrants without legal status. ICE raids under Trump’s leadership has resulted in a significant number of arrests Over 41,000 African citizens have been placed on ICE’s Final Orders of Removal list Somalia, Mauritania, and Nigeria had…
President Donald Trump’s return to the political stage has reignited fears of mass deportations among immigrants in the United States. Business Insider Africa presents African countries that topped US immigration deportation list in 2024 The list is courtesy of The US ICE Annual Report 2024 African countries like Senegal, Mauritania, and Nigeria topped the list…
Oil marketers have announced that the landing cost of Premium Motor Spirit (petrol) stood at ₦922.65 per litre as of Friday. Landing cost of petrol in Nigeria has decreased to ₦922.65 per litre. Dangote Refinery faces challenges in matching the affordability of imported alternatives. Global crude oil prices are driving the recent increase in the…
Niger has leveled new charges against France, accusing the European country of deploying the trojan horse technique to destabilize the country. Niger accuses France of using Trojan horse technique to destabilize the country. France’s relationship with Niger worsened after a coup and attacks on the French embassy. France in the last 2 years has closed…
Ghana in 2024, hit a record-high trade surplus amounting to $5 billion, as a result of its gold trade. Ghana achieved a record-high trade surplus of $5 billion in 2024 due to its gold trade. Gold shipments from Ghana rose by more than 50% to $11.6 billion in 2024. The positive trade balance could help…
The African Development Bank (AfDB) has launched initiatives to alleviate the challenges faced by certain African countries grappling with the persistent crisis of hazardous chemicals. The AfDB has launched initiatives to address hazardous waste challenges in African countries The AfDB approved a $21.3 million initiative targeting hazardous chemicals in 11 Least Developed Countries (LDCs) in…
Cuba’s long-time African friend Namibia, has expressed concern over one of Donald Trump’s America-first-driven policies. Trump reverses decision to take Cuba off the list of states that promote terrorism and reintroduces Cuba Restricted List. SWAPO party of Namibia calls the action illegal and unjustifiable. Namibia reaffirms its unwavering support for Cuba and opposes the economic…
Nigerian universities continue to make important contributions to education, but there is still a lot of potential for growth and improvement on the international stage. Business Insider Africa presents top 10 best universities in Nigeria in 2025. The list is courtesy of Times Higher Education 2025. Nigerian universities continue to make important contributions to education, but…
Choosing a car brand involves making informed decisions amidst a multitude of technologies and design options presented by manufacturers. Business Insider Africa presents the 10 most valuable car brands in 2025 The ranking is courtesy Brand Finance Global 500 Report Toyota Motor Corporation leads with a valuation of $64.7 billion, followed by Mercedes-Benz and Hyundai…
Each year, the U.S. sends billions of dollars in foreign aid to promote global stability, national security, and economic interests. A big chunk of that money goes to Africa, funding programs that tackle health issues, food shortages, energy access, and economic growth. The U.S. State Department issued a ‘stop-work’ order on foreign assistance, halting existing…
Kenya’s escalating political tension has had a detrimental impact on its economy, prompting investors to withdraw their funds to mitigate potential losses. Escalating political tension in Kenya has caused foreign investors to withdraw a substantial amount of funds The stability of the Kenyan shilling failed to reassure investors, leading to a dramatic increase in capital…
Lakurawa is a new militant group which carries out attacks, targeting local communities in north-western Nigeria and across the border with Niger. A federal court in Nigeria has designated Lakurawa group as a terrorist organization. The military has been granted authority to deploy maximum force against the group in the northwest. Lakurawa carries out attacks…
In November 2024, Uganda disclosed that it was trying to ink a nuclear deal with Russia, given Russia’s nuclear expansion in Africa, in the last few years. Uganda is in talks with Russia to build a nuclear power plant. A memorandum of understanding for nuclear energy was signed between Uganda and Russian state enterprise Rosatom…
The Federal Government’s plans to restructure Value Added Tax (VAT) revenue-sharing in Nigeria have sparked both support and criticism. Plans to restructure VAT revenue-sharing in Nigeria has sparked both support and criticism The reform seeks to equitably distribute revenues and offer tax exemptions for small businesses and individuals Analysis shows significant disparities in the redistribution…
Gabon’s Council of Ministers announced on Wednesday that the country will hold presidential elections on April 12, 2025. There are concerns about the fairness of the election process, as an exception has been made for interim President General Brice Oligui Nguema to run for president. Gabon will hold presidential elections on April 12, 2025, ending…
Africa’s locally-made vehicle manufacturing industry is progressing, fueled by urbanization, a growing middle class, supportive policies, and expanded trade. Nigeria ventured into manufacturing military-grade vehicles through its Defense Industries Corporation (DICON) Nigeria has showcased military-grade vehicles to support the federal government’s efforts against insecurity Some indigenous companies – Imperium Industries, Proforce, Epail, and Innoson are…
In Africa, Egypt leads with 100 attack helicopters, ranking 7th globally. Following Egypt, Algeria comes in with 74 helicopters, placing it 9th globally. Business Insider Africa presents the top 5 African countries with the largest attack helicopters fleet in 2025. In Africa, Egypt leads the pack with 100 attack helicopters, ranking 7th globally. The list…
Nigerian-American billionaire Adebayo Ogunlesi recently experienced a significant spike in his net worth a few days after becoming a part of the Open AI team. Adebayo Ogunlesi’s net worth spiked from $1.7 billion to $2.3 billion after joining Open AI. His significant increase in wealth is attributed to his investment portfolio worth over $1.8 billion.…
Sensitive content that made its way online has resulted in a social media ban, in South Sudan, following a series of violent incidents. Social media ban imposed in South Sudan following release of sensitive content. Videos showing purported murders led to rioting and violent incidents. Mobile providers instructed to block access to Facebook, TikTok, and…
Skin bleaching has a long history in Africa, dating back to the transatlantic slave trade and European colonization. Skin bleaching has a long history in Africa, tied to transatlantic slave trade and European colonization Despite bans, skin bleaching remains a public health issue in Africa Skin bleaching prevalence in Africa ranges from 25% in Mali…
The Alliance of the Sahel States’ (AES) proposal to adopt biometric passports for member nations including Mali, Burkina Faso, and Niger may go into effect by the end of the month. The Sahel States’ Alliance plans to adopt biometric passports for member nations including Mali, Burkina Faso, and Niger by January 29, 2025. The introduction…
The mobile money industry has transformed financial services in Africa, granting millions access to financial inclusion and bridging the gap for the unbanked population. The mobile money industry has transformed financial services in Africa Sub-Saharan Africa accounted for a significant portion of global mobile money transactions, with USD 912 billion Four African countries emerged at…
Gold reserves play a vital role in African central banks’ foreign exchange reserves, providing a safety net during economic uncertainty. Gold reserves are crucial for African central banks’ foreign exchange reserves, providing a safety net during economic uncertainty Managing and securing gold reserves poses significant challenges, including the cost of storage and security Algeria, Libya,…
While it is common for many Nigerians to pursue higher education abroad, particularly in countries like the United States, the United Kingdom, and Canada, Nigerian universities also attract international students from across Africa and beyond. Business Insider Africa presents the list of universities in Nigeria with the highest percentage of international students. The list is…
Russia recently reiterated its intention to back the Central African Republic (CAR) in strengthening its national security. Russia reaffirms support for Central African Republic’s national security. Russian military experts have trained over 900 CAR military officers and troops in a year. President Touadera of CAR visited Moscow for talks with Russian President Putin to strengthen…
Ghana’s administrators have identified an unusual but potentially profitable addition to its economic sector: the selling of cannabis. Ghana is considering the sale of cannabis to boost its economy The Chamber of Cannabis Industry CEO, Mark Darko, believes that Ghana could potentially generate up to $1 billion in revenue from cannabis The country has adopted…
A combined force of 5,000 troops from Niger, Burkina Faso, and Mali will soon be deployed to address security challenges in the central Sahel region. 5,000 troops from Niger, Burkina Faso, and Mali will be deployed to address security challenges in central Sahel region. Violence in the region driven by conflict with Islamist groups, leading…
In contrast to having a large and well-organized active military force, which inadvertently improves a country’s security and regional influence, keeping a small active military force can expose serious weaknesses, particularly for some African countries. Business Insider Africa presents the top 10 African countries with the fewest number of battle-ready soldiers in 2025. This list…
Armoured Fighting Vehicles (AFVs), encompassing tanks, infantry fighting vehicles, and armoured personnel carriers, play critical roles in military strategies. Egypt leads Africa with the largest stock of combat tanks, securing the 12th position globally. Business Insider Africa presents the top 10 African countries with the most armoured fighting vehicles in 2025. The list is courtesy…
The $910 million appeal marks the most expensive humanitarian crisis in West and Central Africa, surpassing those in Chad, Mali, Burkina Faso, and Niger, according to UN documents. United Nations to launch a $910 million appeal for humanitarian crisis in northeastern Nigeria. Nigeria’s crisis is the most expensive in West and Central Africa, surpassing other…
The cost of diesel last year fluctuated greatly throughout Africa, with certain African countries seeing costs as low as $0.031 per liter and others experiencing highs of $2 per liter. A similar pattern seems to be developing when 2025 gets underway. Business Insider Africa presents the top 10 African countries with the lowest diesel prices…
The Nigerian government is expanding its refinery network with the recent approval for the establishment of a 10,000-barrel refinery in Delta State. Nigerian government approves the establishment of a 10,000-barrel refinery in Delta State Approval given to MRO Energy Limited for the construction of the refinery in Delta State Nigeria aims to increase domestic refining…
The Kenyan government has announced plans to open its borders to African travelers with a visa-free policy as part of its efforts to enhance openness and integration.. Kenya plans to open its borders to African travelers to enhance integration within the continent Currently, only five African nations offer visa-free travel to citizens of other African…
Within Africa, the University of Cape Town (South Africa) emerges as the top-ranked institution, solidifying its reputation as a leader in higher education on the continent. Business Insider presents the top 10 best universities in Africa in 2025. The list is courtesy of Times Higher Education World University Rankings 2025. University of Cape Town (South…
Portugal has listed Nigeria alongside the United States as one of the countries it aims to get its supply of liquified natural gas (LNG) from. Portugal aims to get LNG supply from Nigeria and the United States due to shortage from the Russian market. Nigeria’s LNG trade is on an upward trajectory, producing 2.5 trillion…
President Donald Trump recently announced his intention to end “birthright citizenship,” a policy granting automatic American citizenship to anyone born on U.S. soil. President Trump aims to end birthright citizenship in the U.S Legal challenges have been filed by the American Civil Liberties Union and others against Trump’s decision The U.S. and Canada are among…
While households bear the brunt of expensive housing in many African countries, the ripple effects are typically extensive, having considerable influence on the overall economy. Business Insider Africa presents the top 10 African countries with the most expensive rent at the start of 2025. This list is courtesy of data from Numbeo. Nigeria ranks number…
Countries like Niger, Burundi, and Chad have maintained low unemployment rates, thanks to policies that prioritize key sectors like agriculture and tourism, foster entrepreneurship, and support the informal economy, which provides livelihoods for millions. Business Insider Africa presents the top 10 African countries with the lowest unemployment rate. The list is courtesy of Statista. Countries…
President Donald Trump’s recent executive order has sparked concerns about the potential impact on African countries that heavily rely on U.S. humanitarian aid. Trump’s executive order raises concerns about the impact on African countries Long-term implications could leave African nations struggling to maintain essential services African nations may turn to alternative sources like China for…
Zambia’s economic recovery now hinges on the performance of its mining sector, following severe droughts that hindered economic growth. Zambia is pinning its economic recovery on its mining sector due to drought hindering growth. The finance minister predicts a mining industry revival by 2025 with increasing copper production. The government has lowered its 2024 growth…
African sovereign wealth funds (SWFs) continue to play a critical role in shaping the continent’s economic landscape, as nations seek ways to diversify their economies. Sovereign Wealth Funds (SWFs) are playing a critical role in shaping Africa’s economic landscape Global sovereign wealth fund stood at $13 trillion as of January 2025, with China, UAE, and…
As the calendar rolls to 2025, several African countries are confronted with the long-term ramifications of borrowing from the International Monetary Fund (IMF). Business Insider Africa presents the top 10 African countries with the highest debt to the IMF at the start of 2025. This list is courtesy of data from the International Monetary Fund.…
Nigeria has moved to strengthen its mining sector by seeking financial and technical support from France to improve geological data exploration. Nigeria has signed an agreement with France to improve geological data exploration in its mining sector France has agreed to fund the geological data exploration efforts of the Nigerian Geological Survey Agency (NGSA) The…
Nigeria has emerged as the leading destination for oil and gas investments in Africa in 2024, according to a new report. Nigeria leads as the top destination for oil and gas investments in Africa in 2024 Nigeria accounted for three out of four Final Investment Decisions announced by global oil and gas majors Total Final…
Algeria had the highest life expectancy at birth in Africa as of 2023, . A newborn infant was expected to live over 77 years in the country. Cabo Verde, Tunisia, and Mauritius followed, with a life expectancy between 77 and 75 years. Business Insider Africa presents 10 African countries with the highest life expectancy. The…
As presently constituted, jobs in Uganda, particularly in the informal sector are being taken away from the locals by illegal immigrants. Jobs in Uganda, especially in the informal sector, are being taken by illegal immigrants, according to Auditor General Edward Akol. The number of work permits issued in Uganda increased by 26% from 2020 to…
Climate tech attracted 32% of the total tech funding in Africa last year. However, this represents a decline compared to 2023. Dotun Olowoporoku, Managing Partner at Ventures Platform—a VC firm that has backed over 90 startups across Africa, including climate tech enterprises—stresses the importance of adopting climate-resilient business models. Climate change is no longer a…
The African Continental Free Trade Area (AfCFTA) has begun to be instrumental between Nigeria and Kenya. Kenya received its first shipment from Nigeria under the African Continental Free Trade Area. The shipment included synthetic filaments made by Lucky Fibres Limited, a division of the Tolaram Group. The move is seen as an African triumph and…
Dangote has clarified that the recent hike in the ex-depot price of Premium Motor Spirit (PMS) is a result of the significant rise in global crude oil prices. Dangote Refinery confirmed that it has absorbed about 50% of the cost increases resulting from fluctuations in the international oil market. Dangote clarifies that the increase in…
The African Development Bank (AfDB) warns that if things don’t change soon, about 100 million young Africans could be jobless by 2030. Business Insider Africa presents 10 African countries with the highest unemployment rate. In 2024, the youth unemployment rate in Africa is projected at around 11 per cent, The list is courtesy of Statista.…
Over the weekend, Nigeria officially became the ninth member of the BRICS group of nations as a partner country. Nigeria becomes the ninth member of the BRICS group of nations as a partner country. Nigeria aims to form strategic partnerships with other BRICS countries. Nigeria’s membership will focus on trade, investment, energy security, infrastructure development,…
Despite the challenges posed by the harsh business terrain of 2024, several Nigerian companies have emerged as the most valuable firms in the country. Several Nigerian companies have emerged as the most valuable firms in the country These firms thrived due to innovation, strategic leadership, and a deep understanding of the Nigerian and African markets…
Recent reports have indicated that the West African country of Togo could be joining the Alliance of the Sahel States (AES). Togo is considering joining the Alliance of the Sahel Region (AES). Togolese Minister of Foreign Affairs, Robert Dussey, expressed openness to the idea. Togo’s potential integration into the AES may lead to its withdrawal…
According to Global Firepower (GFP), South Africa leads Africa in the number of serviceable airports with 575, ranking 13th globally, followed by Kenya with 370 airports at 18th, and the Democratic Republic of Congo (DRC) with 272 airports at 24th. Business Insider Africa presents the top 10 African countries with the most serviceable airports in…
Nigeria has officially become the second African nation and the ninth member to join the BRICS group as a partner country. Nigeria becomes the second African nation and ninth member of the BRICS group as a partner country Brazil, as the current BRICS chair, officially announced Nigeria’s admission as a partner country Nigeria joins Belarus,…
Africa’s growing tourism industry is hindered by internal conflicts and terrorism, leading to various travel warnings against visiting the continent. Business Insider Africa presents the most dangerous African countries to visit in 2025 The list is courtesy of CEO World Magazine Ethiopia, DR Congo, CAR are among the countries classified as high-risk destinations The looming…
Africa’s wealthiest nations have not been immune to inflation’s bite. Countries like South Africa, Egypt, Nigeria and Kenya—the continent’s largest economies—continue to wrestle with rising costs of living. Business Insider Africa presents the top 10 largest economies in Africa and their inflation rates. Countries like South Africa, Egypt, Nigeria and Kenya—the continent’s largest economies—continue to…
Helicopters play a vital role in aviation transport, particularly for short-distance travel and transporting individuals and cargo. Business Insider Africa presents the seven most expensive private helicopters in the world The list is courtesy of Robb Report Different helicopters, like the S-92® and Bell 525 ‘Relentless‘, offer advanced safety features, impressive speeds, and luxurious interiors…
The $20 billion Dangote refinery is set to hit its maximum refining capacity in the coming months. Dangote refinery to reach 650,000bpd capacity by June this year. Plans to resolve local crude deficit by importing oil from outside Nigeria. Debacle with NNPC hindered local production of premium motor spirits (petrol). Officials at the Dangote refinery…
Recent data indicates that U.S. companies are increasingly relying on skilled foreign workers, particularly in the tech sector. H-1B visa issuance in the U.S. has been steadily increasing, with a significant rise in 2024 The program aims to address talent shortages and drive business growth, technological advancements, and increased productivity Top tech companies, including Amazon,…
Sudanese leader and army chief, Abdel Fattah al-Burhan is set to face U.S. sanctions following accusations of human rights abuse. Sudanese leader, Abdel Fattah al-Burhan to face U.S. sanctions for human rights abuse The sanctions are linked to ongoing conflict and political instability in Sudan under al-Burhan’s leadership Sudanese Armed Forces accused of targeting civilians,…
This series of setbacks presents a challenge for Namibia’s aspirations of becoming a major crude oil producer. Chevron’s exploration well Kapana 1X in Namibia’s Orange Basin did not yield commercial hydrocarbon reserves. Namibia has potential for oil production, with major companies like TotalEnergies and Shell discovering an estimated 2.6 billion barrels of oil in the…
The way we look at human output is set to change significantly in the coming years, specifically from 2025 to 2030, and in Africa, this is projected to be more prevalent. Business Insider Africa presents the top 5 African countries where skilled professionals are facing the highest risks. This list is courtesy of The Future…
Tanzania’s agriculture, tourism, and industrial sectors have drawn interest from several Japanese companies. Japanese companies showing interest in Tanzania’s agriculture, tourism, and industrial sectors. 20 investment companies from Japan touring Tanzania for potential collaborations. Total Japanese investment in Tanzania is $11.4 million across 24 projects in the past 12 years. Twenty investment companies are currently…
Nigerian petroleum marketers are increasingly aligning with the Dangote Refinery in response to a rise in depot fuel prices. Nigerian petroleum marketers are turning to Dangote Petroleum Refinery due to rising depot fuel prices Depot price of Premium Motor Spirit (PMS) rose by 4.7% due to global crude oil cost surge to $80 per barrel…
For 2024 the world’s busiest airports collectively handled over 411 million passengers. In Africa, Cairo International Airport handled 18,712,227 passengers in 2024—a significant 46% increase from its 2019 figures and an 11% rise compared to 2023. Business Insider Africa presents the busiest airports in Africa in 2024. The list is courtesy of OAG’s Global Airline…
The Rwandan government has officially announced its first oil discovery, identifying 13 reservoirs within Lake Kivu, a natural border with the Democratic Republic of Congo. Rwanda has officially announced its first oil discovery in Lake Kivu Rwanda currently heavily relies on agricultural and mineral exports, plus its thriving tourism industry With this oil discovery, Rwanda…
Chinese companies, many of which are state-backed, have become the largest investors in the Democratic Republic of Congo in recent years. The Democratic Republic of Congo wants to diversify its mining industry and reduce reliance on Chinese investment. It is seeking new mining investors from Saudi Arabia, the European Union, and India. Chinese companies have…
Transportation, particularly air travel, is key to global connectivity, with major international airports driving the movement of people and goods. Business Insider Africa presents the worlds busiest international airports in 2024 The list is courtesy of OAG Dubai International Airport (DXB) maintained its position as the World’s Busiest International Airport in 2024 with 60.2 million…
In an article published on January 6 by Russia in Global Affairs, Russia reaffirmed its commitment to helping African nations achieve genuine independence. Russia has reaffirmed commitment to helping African nations achieve genuine independence The Kremlin supports the idea of Pan-Africanism and the role of the African Union in enhancing Africa’s voice and influence in…
Members of Zimbabwe’s ruling party are motioning to extend the legal term of the president of the country, Emmerson Mnangagwa. Zimbabwe’s ruling party is seeking to extend president Emmerson Mnangagwa’s term beyond 2028. There is a move to modify Zimbabwe’s Constitution to allow Mnangagwa to continue in office after 2028. President Mnangagwa has previously refused…
The Kenyan deal with the United Arab Emirates (UAE) which has been in the works since 2022, was finally inked on Tuesday, 14th of January, 2025. Kenya and United Arab Emirates signed the Comprehensive Economic Partnership Agreement (CEPA) to boost trade and economic cooperation. The agreement aims to strengthen the UAE’s position as a major…
The president of the Central African Republic (CAR), Faustin-Archange Touadera, has embarked on a three-day visit to Moscow for talks that will foster his country’s relationship with Russia, according to the Kremlin. President of CAR visiting Moscow for talks with Russia CAR was the French colony of Ubangi-Shari until it became independent in 1960 Touadera…
The Central African Republic has the highest fuel price in Africa at $1.718 per litre, followed by Senegal at $1.546 per litre, and Zimbabwe at $1.480 per litre. Business Insider Africa presents the top 10 African countries with the highest fuel prices at the start of 2025. This list is courtesy of GlobalPetrolPrices.com. Central African…
Nigeria, Africa’s leading oil producer, is set for growth, driven by ongoing reforms and a strong emphasis on rehabilitating its state-owned refineries. Nigeria’s refineries are projected to consume a substantial share of its crude oil production in H1 2025 The Dangote Refinery will receive the largest share of crude oil at 550,000 barrels per day…
Low-traffic African cities are shining examples of productivity and a better standard of living. Business Insider Africa presents the top 5 major African cities with the best traffic situation. This list is courtesy of Numbeo. Durban ranks number 1 on the list. Efficient traffic flow has a favorable impact on cities. Time saved by avoiding…
TikTok is facing the possibility of being banned from app stores in the United States by January 19 unless the Supreme Court or President-elect Donald Trump intervenes and delays this decision. TikTok faces possible ban from US app stores by January 19 Multiple countries have already banned TikTok due to data privacy, national security, and…
Africa’s complex security landscape, marked by internal conflicts, terrorism, and insurgency, necessitates a strategic rethink of defense budgets. Business Insider Africa presents the top 10 African countries with the highest defense budget in 2025 The list is courtesy of Global Firepower Countries like Egypt, Algeria, and Morocco have high defense budgets to focus on advanced…
Steve Bannon, the former chief strategist for Donald Trump, has publicly criticised Elon Musk over his influence in U.S. politics, suggesting he should “go back to South Africa.” Steve Bannon has criticized Elon Musk over his influence in U.S. politics Bannon accused Musk of promoting ‘techno-feudalism’ and favoring Silicon Valley founders over American workers Bannon…
Major firms in Nigeria have dumped the nation’s power-generating companies over the constant power outages associated with the national grid. Major firms in Nigeria have abandoned their power distribution companies due to constant power outages The recurring grid collapses are attributed to ageing facilities, lack of maintenance, and vandalization of power facilities Dangote Industries, 249…
Some of Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Zenith Bank topped other banks with a market value of N1.47 trillion and shares valued at N46.85. Guaranty Trust Holding Company PLC recorded a market cap of…
While 2025 is still very early, so far there hasn’t been much positive movement in the fortunes of Africa’s richest billionaires. Positive movement in the fortunes of Africa’s richest billionaires remains scarce. Only four of the 10 richest people on Bloomberg’s billionaire index have a positive year-to-date change. African billionaires on the daily index have…
Egypt, Algeria, and Angola have maintained their rankings, each making additions to their military aircraft fleets. Egypt expanded its fleet by 13 aircraft, Algeria by 3, and Angola by 1. Business Insider Africa presents 10 African countries with the largest military aircraft fleet in 2025. Egypt is the most formidable military air fleet on the…
The aviation industry continues to prioritize airline safety, emphasizing its commitment to protecting the lives of passengers, crew, and cargo. Business Insider Africa presents the world’s top 10 safest airlines in 2025 The ranking is courtesy of AirlineRatings Recent tragic incidents, including fatal crashes in December 2024, have raised public concern and intensified scrutiny of…
The U.S., the largest economy globally, showcases unparalleled industrial prowess, diversified sectors, and global reach. In contrast, Africa’s economies, while collectively significant, vary widely in size and development. Business Insider Africa presents how U.S. state GDPs compare to 10 wealthiest African countries. California’s $3.9 trillion economy—the largest of any U.S. state—not only dwarfs every African…
Fuel price in Africa may increase in the coming days owing to a spike in the cost of Brent, the global benchmark for crude. Fuel prices in Africa may increase due to a spike in the cost of Brent, the global benchmark for crude. New sanctions on Russian oil producers by the American president, Joe…
In a remarkable move, billionaires Bill Gates and Jeff Bezos have joined forces to invest in mining ventures targeting rare metals across Africa. Bill Gates and Jeff Bezos are investing in mining ventures targeting rare metals in Africa KoBold, a US mining startup supported by Gates and Bezos, secured $537 million in funding African countries…
The strength of a military, particularly in Africa, is influenced by a variety of factors, including personnel, equipment, strategic alliances, and geopolitical positioning. Business Insider Africa presents African countries with the strongest military power in 2025 The ranking is courtesy of Global Firepower Index Top-ranked African nations in the ranking at the start of 2025…
Tensions between Ethiopia and Somalia had been mounting following reports of an agreement earlier in 2024 between Ethiopia and Somaliland. Ethiopia and Somalia has pledged to restore and strengthen bilateral relations. Tensions between Ethiopia and Somalia had been mounting following reports of an agreement earlier in 2024 between Ethiopia and Somaliland. The agreement was formalized…
The East African nation of Kenya and the Arab state of Iran attempt to deepen their ties through religious exchange programs and peace efforts. Kenya and Iran aim to deepen ties through religious exchange programs and peace efforts. 22 agreements have been signed to strengthen diplomatic ties across sectors like education, health, infrastructure, and agriculture.…
A high cost of living index can affect a country’s global perception. African countries such as South Africa and Kenya, which draw considerable tourist and expatriate communities, may risk losing their appeal if living expenses grow without a corresponding increase in quality. Business Insider Africa presents the top 10 African countries with the highest cost…
In a bid to save costs, the new president of Ghana, John Mahama, has trimmed down his government’s ministries. President John Mahama has reduced the number of government ministries in Ghana to save costs. The new administration will work with 23 ministries instead of the previous 30. This cost-cutting strategy is part of an austerity…
The African Union Commission (AUC) chairperson elections are heating up, with candidates ramping up their efforts to secure support. The AU Commission chairperson elections are scheduled for February 2025 at the 38th AU Summit Candidates from the East African bloc are contending for the AUC chairperson position The role of AUC chairperson is critical for…
Considering the overhaul of its mining industry, Mali is expected to collect 750 billion CFA francs ($1.2 billion) in the first quarter of 2025. Mali is expected to collect 750 billion CFA francs ($1.2 billion) in the first quarter of 2025 from its mining industry overhaul. The military government in Mali decided to restructure the…
This achievement edges out Egypt, the continent’s former tourism leader, which set a new record with 15.7 million arrivals in the same year. Morocco becomes Africa’s most visited destination with 17.4 million visitors in 2024. Morocco’s achievement edges out Egypt, the former tourism leader with 15.7 million arrivals in 2024. Morocco’s tourism sees a 20%…
Chinese Foreign Minister, Wang Yi arrived in Nigeria on January 8, 2025, for a diplomatic visit aimed at furthering China-Nigeria relations. Chinese Foreign Minister, Wang Yi visited Nigeria and other African nations to strengthen partnership and cooperation The visit emphasizes China’s commitment to economic development, trade, and political cooperation in Africa Yi’s visit to Nigeria…
The son of Uganda’s president, Muhoozi Kainerugaba, recently announced his departure from the social media platform X. Muhoozi Kainerugaba, the son of Uganda’s president, has left the social media platform X. He had previously sent out a controversial tweet threatening his father’s political rival, Bobbi Wine. Speculations have arisen about Muhoozi’s intentions to succeed his…
Nigeria’s oil industry is poised for growth as petroleum marketers prepare to launch a new 50,000 barrels per day (bpd) refinery. Nigeria’s oil industry is set for growth with the launch of a new 50,000 bpd refinery Nigeria is making significant progress in rehabilitating government-owned refineries and promoting modular refineries The agreement to establish a…
Africa’s rapidly urbanizing ecosystem is a tale of two cities, one brimming with potential and the other congested with traffic. Business Insider Africa presents the top 10 African cities with the most crippling traffic congestion in 2025. This list is courtesy of data from Numbeo. Lagos ranks number 1 globally. Long traffic bottlenecks continue to…
Across Africa, many countries face the challenge of holding passports that rank low on global mobility indexes. Somalia has the least powerful passport in Africa, allowing access to only 35 countries and ranking 102nd globally. Business Insider Africa presents the top 10 least powerful passports in Africa in 2025. The list is courtesy of Henley…
A low GDP forecast is a critical indicator of potential challenges ahead. This projection for African countries in 2025 signals deterring engagement in industries such as manufacturing, services, technology, and infrastructure. Business Insider Africa presents the top 10 African countries projected to have the lowest GDP growth in 2025. This list is courtesy of a…
An armed attack on Chad’s presidential complex has raised alarm and sparked fears of a potential coup attempt. Armed attack at Chad’s presidential complex sparked fears of a potential coup attempt 19 people were killed in the fighting, with 18 being members of the terrorist gang Chad has been ruled by the Deby family for…
In 2025, low rent is more than a financial comfort; it is a lifeline for millions of people residing in African cities. Business Insider Africa presents the top 5 African cities with the least expensive rent at the start of 2025. This list is courtesy of Numbeo. Alexandria ranks number 1 on the list. As…
A recent survey shows improved customer service in SME banking as financial institutions in Ghana and Nigeria seek long-term relationships with expanding businesses. SME banking customer service in Africa has shown some significant improvements KPMG’s 2024 Banking Survey highlights progress and challenges in SME, corporate, and retail banking. In 2024, Nigeria and Ghana saw modest…
Last year, South Africa dominated the top spots, holding the top five positions for the highest crime rates. In the latest rankings, six cities from South Africa still feature prominently, reflecting the ongoing security challenges faced by the country. Business Insider Africa presents the top 10 African cities with the highest crime index at the…
African Startups made significant strides in 2024, with many ventures successfully securing funding to drive their growth and expansion. African Startup ecosystem made significant progress in 2024 Two African start-ups achieved ‘unicorn’ status with valuations of $1 billion or more 10 Startups accounted for 51% of the total funding in 2024 This progress was achieved…
There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil discovery in Namibia, deeming the project commercially unviable. Shell announces a $400 million write-down for an offshore oil discovery in Namibia. Total Energies…
In 2023, despite submitting half as many Schengen visa applications as those from Asia, African applicants were twice as likely to be rejected, with rates 14 percentage points higher than Asian applicants. Business Insider Africa presents top 10 African countries with the highest Schengen visa rejection rates. This list is courtesy of Henley and Partners. Six…
Citizenship by Investment (CBI) programs provide a pathway for individuals to acquire citizenship in a country by making substantial financial contributions to its economy. CBI programs offer a pathway to acquire citizenship through financial contributions Some countries offer these options to attract foreign investment and boost economic growth Egypt and Mauritius have recently introduced citizenship…
The UK government has launched its new Electronic Travel Authorization (ETA) system, altering how visitors from certain countries enter the UK. UK launches Electronic Travel Authorization (ETA) system on January 8, 2025 Travelers from specific countries including three African countries need ETA for UK visits ETA launched in two phases: first phase on January 8,…
Some of the continent’s busiest airlines, such as Ethiopian Airlines and Kenya Airways, strive to maintain reliability but are not immune to disruptions. Kenya Airways ranked highest for cancellations, with 2,263 flights cancelled out of 46,578 total flights. Business Insider Africa presents the top 5 African airlines with the most flight cancellations in 2024. The…
The human metapneumovirus (HMPV), though not a newly discovered virus, is gaining attention in Africa as nations brace for illnesses reminiscent of the COVID-19 scare. HMPV, a respiratory virus, is gaining attention in Africa amid rising cases in China Unlike COVID-19, there is no vaccine or specific antiviral treatment for HMPV African nations and global…
Seychelles holds the title of the strongest passport in Africa for 2025, granting its holders visa-free or visa-on-arrival access to 156 countries, ranking 25th globally. Business Insider Africa presents the top 10 most powerful passports in Africa in 2025. The list is courtesy of Henley & Partners’ passport index. In Africa, Seychelles holds the title…
John Dramani Mahama was inaugurated for a second term as Ghana’s president on Tuesday in a ceremony held in the capital city, Accra. The 66-year-old opposition leader secured a decisive victory in the December 7 presidential election, marking a political comeback in Ghana, the world’s second-largest cocoa producer. More than 20 presidents and heads of…
Algeria has leveled serious accusations against France, alleging the European country’s covert involvement in its affairs. Tensions between Algeria and France worsen. France’s support of Morocco over Western Sahara leads to withdrawal of Algerian ambassador. Algeria condemns French interference and colonial legacy. For years now, several African countries in West Africa have pushed back on…
Kenya, along with Nigeria, Egypt, and South Africa—collectively known as Africa’s “Big Four”—continued to dominate the venture funding landscape in 2024. However, there was a noticeable decline in the amount of funding raised compared to previous years. Business Insider Africa presents the top 10 African countries with the highest tech funding in 2024. The list…
Senegal and Chad have criticized French President Macron’s remarks suggesting African countries are ungrateful for France’s security role in the continent. Macron claimed African nations owe their sovereignty to the presence of French forces Senegal and Chad criticized French President Macron’s remarks about Africa’s gratitude for France’s security role Several African nations have terminated security…
Global Finance has recognized top-performing banks in the foreign exchange market with the GW Platt Foreign Exchange Bank Awards 2025. Global Finance recognizes top-performing banks in the foreign exchange market Winners in global, regional, and country categories chosen based on objective and subjective criteria Standard Bank emerged the regional winner (Africa) for the best foreign…
South African cities continue to dominate the top five rankings for African cities, much like in the previous year. Business Insider Africa presents the top 5 African cities with the best quality of life index at the start of 2025 The list is courtesy of Numbeo. South African cities continue to dominate the top five…
The disparity in wealth, income, and economic well-being has led to widening prosperity gaps in African countries. Business Insider Africa presents African countries with increasing prosperity gaps The list is courtesy the World Bank’s Poverty, Prosperity, and Planet Report Prosperity Gap varies from 1.7 in Europe and Central Asia, to over 12 in Sub-Saharan Africa…
Maintaining a healthy current account balance has become more important than ever in 2025 as some African countries continue to struggle with the combined weight of local developmental issues and global economic uncertainties. Business Insider Africa presents the top 10 African countries projected to be the highest earners in 2025. This list is courtesy of…
The standoff in Mali, coupled with threats by Burkina Faso’s military junta to revoke mining permits and the seizure of a French-operated uranium site in Niger, has raised concerns among Western mining companies. Barrick Gold may halt operations in Mali due to restrictions on gold shipments. Threats by Burkina Faso’s military junta and the seizure…
For decades, Russia and Africa have shared a strong and mutually beneficial relationship, based on common historical ties, economic partnerships, and military alliances. Business Insider Africa presents the top Russian air defense systems used in Africa. The weapons systems mentioned are from a report by Sputnik. Russia and Africa have enjoyed key military alliances for…
Data from a report by the International Trade Centre revealed that the loss from Nigeria’s unrealized export potential is sitting at a whopping N4.6 trillion ($3 billion). Nigeria’s unrealized export potential is at N4.6 trillion ($3 billion Top unexploited products include urea, cocoa, cashew nuts, and electric energy Challenges affecting export revenue include product quality,…
In recent years, Russia has demonstrated a marked increase in its interest in Africa’s nuclear sector. Rosatom, Russia’s state-owned nuclear corporation, holds about 70% of the global export market for new nuclear power plants Russia is increasingly interested in Africa’s nuclear power sector for strategic, economic, and geopolitical reasons African nations like Burkina Faso, Zimbabwe,…
It is impossible to overestimate the importance of affordable rent as African cities continue to expand. It is fundamental to sustainable development and economic resilience. Business Insider Africa presents the top 5 African cities with the most expensive rent at the start of 2025. This list is courtesy of Numbeo. Lagos ranks number 1 on…
The prevalence and types of crimes vary widely across African countries. According to the Numbeo Crime Index, South Africa is Africa’s most crime-affected country, with a crime index score of 74.7. Business Insider Africa presents the top 10 African countries with the highest crime index at the start of 2025 This list is courtesy of…
One of South Africa’s premier cities Johannesburg, which is tagged the richest city in Africa has enumerated a $12 billion infrastructure objective. Johannesburg aims to fix $12 billion worth of infrastructure issues. The city council examined the deficit and identified long-overdue repairs for water, electricity, and road systems. Frequent power outages and water shortages have…
The son of Uganda’s president, Muhoozi Kainerugaba, recently made a distasteful remark about the leader of the country’s ruling opposition, Bobi Wine. Muhoozi Kainerugaba, son of Uganda’s president, made a distasteful remark about the leader of the ruling opposition, Bobi Wine. He stated in a tweet that he wanted to behead the country’s most prominent…
The aspiration to migrate from Africa to more developed regions is often driven by migrants’ desire to increase income and enhance overall living standards. Business Insider Africa presents African countries with the highest-earning migrant population in the US The list is courtesy of the U.S census bureau African immigrants in the U.S. have high annual…
The departure of wealthy individuals from South Africa has created a significant gap in government revenue for a country heavily reliant on taxes. Loss of R3 billion in collectable taxes due to departure of 38,000 taxpayers in South Africa Significant portion of South Africa’s revenue comes from personal income tax, corporate income tax, and value-added…
The departure of wealthy individuals from South Africa has created a significant gap in government revenue for a country heavily reliant on taxes. Loss of R3 billion in collectable taxes due to departure of 38,000 taxpayers in South Africa Significant portion of South Africa’s revenue comes from personal income tax, corporate income tax, and value-added…
With the start of 2025, the growing cost of living in some African cities remains a major issue for residents and citizens. Business Insider Africa presents the top 10 African cities with the highest cost of living in 2025. This list is courtesy of Numbeo’s updated data. Harare ranks number 1 on the list. Cities…
US President, Joe Biden, through the White House, has named a delegation to attend the inauguration of Ghana’s President-elect, John Dramani Mahama in Accra, Ghana. US President Joe Biden has designated a delegation to attend the inauguration of Ghana’s President-elect, John Dramani Mahama The delegation will be led by Shalanda D. Young, Director of the…
The World Bank notes that Sub-Saharan Africa must invest approximately 7.1% of its GDP annually to achieve sustainable development goals, while current investments hover around just 3.5% of GDP. Business Insider Africa presents the top 10 African countries leading in private sector investments. The list is courtesy of World Bank. In FY24, the IFC mobilized…
The Nigerian National Petroleum Company Limited (NNPCL) has responded to recent remarks made by former President Olusegun Obasanjo regarding the management of the country’s refineries. Ex-President Obasanjo criticized NNPCL’s capacity to efficiently operate Nigeria’s refineries Obasanjo highlighted failed attempts to privatize the refineries, alleging $2 billion in losses under government control NNPCL spokesperson invited Obasanjo…
Several African countries have their satellites, some of which serve critical functions in agriculture, climate monitoring, communications, and disaster response. Business Insider Africa presents African countries with the highest number of satellites in orbit. The list is courtesy of Statista. 125 new satellites have been lined up for development in 23 African countries by 2025.…
Africans from nine countries are now eligible to file applications electronically for Thailand’s visa with effect from January 1, 2025. Africans from nine countries can now apply for Thailand’s e-visa from January 1, 2025 The e-Visa system simplifies the application process and requires online completion Applicants must provide evidence of presence in the approved countries…
A massive, fiery object fell from the sky into a Kenyan village on Monday afternoon, sparking curiosity and concern among locals, according to the country’s national broadcaster. To date, no fatalities have been recorded from space debris falling from the sky. A massive, fiery object fell from the sky into a Kenyan village. The Kenya…
Africa’s population growth is driven by several interconnected factors that shape the continent’s demographic trends. Business Insider Africa presents the 10 most populous African countries at the beginning of 2025 The ranking is courtesy of Worldometer At the beginning of 2025, Nigeria, Ethiopia, Egypt had the highest populations in Africa Some of the factors influencing…
To boost economic growth, solve social issues, and improve Africa’s standing internationally, the investments, ingenuity, and generosity of the continent’s wealthiest people are crucial. Business Insider Africa presents the top 10 richest people in Africa at the start of 2025. This list is courtesy of the Forbes real-time index. Dangote ranks number 1 on the…
Diaspora remittances are a vital lifeline for African economies and communities, driving socio-economic development and serving as a significant source of external financing. Business Insider Africa presents African countries with the most diaspora remittances in 2024 The list is courtesy of the World Bank Top three recipients of remittances in Africa in 2024 were Egypt,…
According to reports, an 8-year-old Zimbabwean child managed to survive in a wildlife park for close to a week. 8-year-old Zimbabwean child survives in Matusadona Game Park for almost a week. Managed to survive amidst lions and passing elephants by sleeping on a rocky perch and eating wild fruits. Utilized knowledge of nature to eat…
Africa’s diversity shines brighter than ever, attracting tourists and investors from around the globe as the continent continues to thrive as a travel destination in 2025 Business Insider Africa presents Africa’s top travel destinations for 2025 The list is courtesy of Travel and Tour World (TTW) Exceptional nations which include South Africa, Mauritius, Egypt among…
Africa’s stock markets are becoming a big part of the continent’s growth story. The Ghana Stock Exchange Composite Index surged by 56% in local currency terms—the highest since 2013. The Ghana Stock Exchange Composite Index surged by 56% in local currency terms—the highest since 2013. In the first nine months of 2024, Ghana’s GDP grew…
A high Real GDP growth prediction for African countries in 2025 has significant benefits for its economy, inhabitants, and the continent as a whole. Business Insider Africa presents the top 10 African countries projected to have the highest GDP growth in 2025. This list is courtesy of a report from the IMF. South Sudan ranks…
Cyberattacks are a growing concern in Africa, with many countries facing significant threats to their digital security. Cyber attacks are a growing concern in Africa The financial sector is the second most targeted after government establishments Various organizations in Africa, such as Eneo, Airtel, MTN, Bank of Uganda, and Telecom Namibia, were subject to cyber…
As 2025 begins, it is important to note that some of the economic challenges several African countries faced last year are set to spill over to the new year, particularly with regards to inflation. Business Insider Africa presents the Top 10 African countries projected to have the highest inflation hikes in 2025. This list is…
Ivory Coast’s president has announced that French troops will withdraw from the country, ending a decades-long military presence. Ivory Coast’s president announced the withdrawal of French troops from the country. This aligns with similar decisions by other West African leaders regarding French troops. France has been expelled from at least four West African nations since…
Zimbabwe has officially abolished the death penalty, nearly 20 years after its last execution. With this move, Zimbabwe has become the 127th country in the world to abolish the death penalty. Zimbabwe has officially abolished the death penalty after nearly 20 years since its last execution. President Emmerson Mnangagwa signed the law to eliminate capital…
The most industrious people in Africa, begin the new year with fresh financial goals, hoping to outperform the previous year’s achievements. Business Insider Africa presents the top 5 richest Africans at the start of 2025. This list is courtesy of Bloomberg’s real-time billionaires index. Dangote ranks number 1 on the list. As the new year…
Kenyan President William Ruto and Nigerian President Bola Ahmed Tinubu have been named among the five 2024 finalists for the Organized Crime and Corruption Reporting Project (OCCRP) “Person of the Year” award. Kenyan President William Ruto and Nigerian President Bola Ahmed Tinubu are finalists for OCCRP’s ‘Person of the Year’ award Ruto received over 40,000…
Over the past year, some African nations have improved the performance of their currencies against the US dollar while others continue to face challenges. The report rated the performance of various African currencies against the US dollar. Some African nations strengthened their currencies, while others faced worsening exchange rates in 2024 Nigeria’s Naira and Malawi’s…
A low SDG 9 rating indicates poor infrastructure, limited industrialization, and low innovation, all of which impede economic success, especially in African countries. Business Insider Africa presents the top 10 African countries with the worst infrastructure and least innovation. This list is courtesy of a report by the Mo Ibrahim Foundation. South Sudan ranks number…
With a rapidly growing population and rising demand for power, the energy transition is a lifeline, offering the promise of sustainable development and resilience against the mounting impacts of climate change. Business Insider Africa presents the top 10 African countries in the global energy transition index (ETI). The list is courtesy of the Statista. In…
For governments dealing with economic difficulties, the International Monetary Fund (IMF) is often a go-to source for stabilizing economies and spurring growth. Nonetheless, keeping their IMF debt low benefits African countries strategically. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF at the end of 2024. This list…
When laws are applied consistently, they build trust, ensure fairness, and provide a solid foundation for peace, innovation, and growth. The Democratic Republic of Congo ranks the lowest in Africa on the World Justice Project’s Rule of Law Index, with an overall score of 0.34. Business Insider Africa presents the top 10 least lawful countries…
The U.S. travel advisory system serves as a vital tool for informing and protecting American citizens traveling abroad. The U.S. travel advisory system warns American citizens traveling abroad based on safety concerns and risk factors Terrorism, crime, civil conflicts, and weak law enforcement contribute to the heightened risks for travelers in these countries As of…
The methods of electricity generation across Africa are heavily skewed toward fossil fuels, with natural gas making up 42% of production and coal contributing another 26%. Business Insider Africa presents the top 10 African countries with the highest electricity generation. The list is courtesy of the International Energy Agency: IEA. South Africa emerged as the…
In 2024, African business leaders made significant contributions to the continent’s economy, driving job creation and leaving lasting legacies. African business leaders made significant contributions to the continent’s economy in 2024 Key businesses that shaped Africa in 2024 include Nigerian-based Flutterwave and Access Bank 23 individuals were recognized for their outstanding contributions to business in…
The idea of “quality of life” refers to the factors that cities liveable, pleasant, and profitable. Business Insider Africa presents the top 10 cities with the best quality of life at the end of 2024. This list is courtesy of Numbeo. The Hague (Den Haag) ranks number 1 on the list. Fostering a good quality…
A high SDG 9 ranking for African countries indicates significant progress in infrastructure, industrialization, and innovation, all critical to long-term development and global competitiveness. Business Insider Africa presents the top 10 African countries with the best infrastructure and most innovation. This list is courtesy of a report by the Mo Ibrahim Foundation. South Africa ranks…
An essential component of every flourishing city is safety. The safest cities in the world typically boasts cohesiveness, economic expansion, and a high standard of living for its citizens. Business Insider Africa presents the top 10 safest cities in the world at the end of 2024. This list is courtesy of Numbeo. Abu Dhabi ranks…
Nigeria has solidified its position as a premier oil producer, supplying its crude to several countries globally. Nigeria is one of Africa’s major crude oil exporters, supplying high-quality crude globally Nigeria’s crude oil production averaged 1.5 million barrels per day in 2024 despite challenges US, France, Spain emerged top buyers of Nigeria’s crude in 2024…
Poor quality of life in cities may have far-reaching implications, hurting not just inhabitants’ well-being but also the city’s economic prospects, social stability, and environmental sustainability. Business Insider Africa presents the top 10 cities with the lowest quality of life at the end of 2024. This list is courtesy of Numbeo. Lagos ranks number 1…
China and Nigeria first established the currency-swap agreement in April 2018 for an initial three-year term, addressing dollar shortages in the country. China and Nigeria extended their 15 billion yuan currency-swap agreement. The agreement aims to boost trade and investment ties between the two countries. It is valid for three years and may be renewed…
Passengers from Nigerian airports experienced some of the highest rates of flight delays and cancellations in the first half of 2024. Flight delays in Nigerian airports were mostly experienced by travelers in H1, 2024 The NCAA reported significant delays and cancellations for both domestic and international flights Delta Airlines, Cronos, and Turkish Airlines had the…
The diplomatic row between Nigeria and the military junta in Niger has attracted the attention of the regional bloc, ECOWAS. ECOWAS supports Nigeria in diplomatic row with Niger over accusations of destabilization Niger’s military leader accused Nigeria of colluding with France to destabilize Niger Republic Nigeria has dismissed the accusations of sabotage emphasizing its support…
Concerns about international students are rising within the US university community as Trump’s inauguration nears US universities are warning international students to return to campus before Trump’s administration Concerns arise from the possibility of Trump reviving travel bans More than a dozen schools have issued advisories amid uncertainty surrounding Trump’s plans US universities are warning…
In Africa, the principles of strong institutions, effective policing, and robust judicial systems are essential for fostering progress and prosperity. Rwanda leads the continent with an impressive score of 0.85, setting the benchmark for order and security. Business Insider Africa presents the top 10 African countries with the best order and security in 2024. The…
Airpower is one of the most important variables in deciding how battles turn out in contemporary warfare, and a robust attack helicopter fleet significantly bolsters the airforce of any given region. Business Insider Africa presents the top 10 countries with the highest number of attack helicopters in 2024. This list is courtesy of Global FirePower.…
Fireworks have become an integral part of festive celebrations across the world, including Christmas, New Year’s Eve, and national holidays. Fireworks displays are a key determinant of the festive period China is the leading exporter of fireworks globally, dominating the global market The United States is the largest importer of fireworks, with over 120,000 metric…
Athletes of African descent continue to make huge strides internationally, earning enormous paychecks and solidifying their places among sport’s most influential people. Business Insider Africa presents the highest-paid athletes of African descent in 2024. This list is courtesy of Forbes. Giannis ranks number 1 on this list. The influence of these players extends beyond their…
Across Africa, pursuing lawful governance is a testament to resilience, with some countries holding the rule of law in high esteem, even in the face of unique challenges. Rwanda, ranked first in Africa with an overall score of 0.63, sets a strong example in governance and justice. Business Insider Africa presents the top 10 most…
The year 2025 could pose greater financial challenges for Nigerians as the NCC approves a tariff increase for mobile network operators. The NCC has approved a 40% tariff increase for mobile network operators in Nigeria starting January 2025 Over the years, Telecom operators have pushed for tariff hikes The tariff hike aims to address rising…
Africa has long been a significant contributor to global football, consistently producing a wealth of exceptional footballers. African football players have been making significant contributions to global football Mohamed Salah and Sadio Mané are among the top 10 highest-paid footballers globally, representing Africa Notable African stars like Riyad Mahrez and Kalidou Koulibaly are also earning…
Nigeria tops the list of African countries with the highest Christmas spending, with households averaging $309 on celebrations, including meals, gifts, and decorations. Business Insider Africa presents the 5 African countries with the highest Christmas spending in 2024. The list is courtesy of WorldRemit. Nigeria tops the list of African countries with the highest Christmas…
Tanzania has scrapped all charges on card payments to encourage a shift towards digital transactions. Tanzania has removed charges on card payments to promote digital transactions The initiative aims to drive the country towards a cash-lite economy Digital payments are increasingly popular in Tanzania, with 48.4% of the population utilizing digital platforms The country’s central…
By May 2025, the tenure of African Development Bank (AfDB) President Prof. Akinwumi Adesina will come to an end, and a new President will be elected. The tenure of AfDB President, Prof. Akinwumi Adesina will end in May 2025 Several candidates have expressed interest in succeeding Adesina Candidates from South Africa, Algeria, Senegal, Zambia, and…
The West African nation aims to raise as much as 121.3 billion CFA francs ($192.3 million) by offering up to 23.1 million shares. Benin plans to sell up to 40% of its stake in Banque Internationale pour l’Industrie et le Commerce (BIIC) through an IPO. The IPO aims to raise as much as 121.3 billion…
The high cost of petrol in oil producing countries result from a mix of market forces, policies, and economic factors. High cost of PMS in oil-producing countries is influenced by market forces, policies, and economic factors Richer countries generally have higher petrol prices, while poorer and oil-producing countries have lower prices Libya had the lowest…
Countries with advanced digital ecosystems benefit from smoother transitions to automation and other high-tech solutions, while less developed regions face mounting challenges in catching up. Business Insider Africa presents Africa’s most digitally competitive countries in 2024. The list is courtesy of IMD World Digital Competitiveness Ranking. The report evaluated 67 economies, with Ghana, Nigeria, and…
Some African economies are projected to be among the world’s largest economies in 2075. These countries can leverage their youthful populations and natural resources to drive economic growth. Business Insider Africa presents a list of African countries among the world’s largest economies in 2075. The list is courtesy of Goldman Sachs. Emerging economies are striving…
The Alliance of the Sahel States (AES), comprising Mali, Burkina Faso, and Niger, the three breakaway ECOWAS countries are now on high alert. The Alliance of the Sahel States (AES) consisting of Mali, Burkina Faso, and Niger, is on high alert due to tension with ECOWAS. Recent developments, including accusations of collaboration with foreign powers…
A strong defense budget is essential to national security and sovereignty. Beyond the primary objective of guaranteeing a nation’s security and readiness, a sizable military budget may have important positive effects on the economy, society, and geopolitics. Business Insider Africa presents the top 10 countries with the most expensive militaries. This list is courtesy of…
The U.S Department of State has announced plans to impose visa restrictions on multiple individuals responsible for the ongoing conflict in South Sudan. The U.S. plans to impose visa restrictions on individuals involved in the conflict in South Sudan The country’s election delay to December 2026 raises concerns about its democratic transition. The U.S. sanctions…
Billionaires worldwide had a phenomenal year in 2024, collectively adding over $700 billion to their wealth. Billionaires collectively added over $700 billion to their wealth in 2024 Tech industry leaders and US citizens dominated the top 10 billionaires list for biggest gainers Notable names on the list include Elon Musk, Mark Zuckerberg, Larry Page, and…
Nigeria, Niger’s neighbor, is being suspected and accused of sabotaging a pipeline in Niger. Niger accuses Nigeria of sabotaging a pipeline in Niger. Niger alleges that Nigeria is providing support to destabilize Niger. Nigeria denies the allegations and refutes any connection to the terrorist organization responsible for the attack. The government of Niger recently levied…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed rumours that the Old Port Harcourt Refinery, re-streamed two months ago, has ceased operations. NNPC dismisses rumors of Old Port Harcourt Refinery ceasing operations. Refinery remains fully operational with ongoing loading operations. NNPC’s CEO invites sceptics to tour refineries to verify operational status and clarifies…
Diesel remains a critical energy source for many African countries, especially in regions where alternative energy solutions are still underutilized. Business Insider Africa presents the top 10 African countries with the lowest cost of diesel at the end of 2024. This list is courtesy of GlobalPetrolPrices. CAR is number 1 on the list. Diesel costs…
A high cost of living presents significant challenges for both people and society, even while economic expansion can open up new opportunities. Business Insider Africa presents the top 10 countries with the highest cost of living in 2024. This list is courtesy of Numbeo. Switzerland ranks number 1 on this list. This problem has wide-ranging…
Forbes has unveiled its inaugural list of the 50 wealthiest Black Americans for 2024, highlighting three industry leaders of African origin among the honorees. Forbes released its inaugural ForbesBLK50 list of the 50 wealthiest Black Americans for 2024 Three Nigerians, Wemimo Abbey, Tope Awotona, and Adebayo Ogunlesi, are highlighted for their remarkable contributions The list…
Globally, workplace routines vary significantly, with some countries offering conducive environments and shorter working hours. Business Insider Africa presents the African countries with the longest and shortest hours worked per week The list is courtesy of the Visual Capitalist and the ILO Wholesale and retail trade sector leads in long work hours In other climes,…
When it comes to festive spending, decorations hold a special place in the hearts of many. In 2022, Cameroonians spent just over half of their holiday budget—an impressive 50%—on decorations, far surpassing other African nations. Business Insider Africa presents the 5 African countries that spent the most on Christmas decorations. The list is courtesy of…
Despite recent challenges, Sub-Saharan Africa witnessed a surge in investment deals in 2023, driven by strong interest in the region’s valuable commodities. Sub-Saharan Africa witnessed a surge in investment deals in 2023, driven by interest in valuable commodities Energy and mining sectors, particularly oil and gas and solid minerals, were hotspots for deal-making activity KPMG…
Strategy consulting can be a huge investment for small-to-medium enterprises (SMEs). When investing in consulting SME business leaders — often boards, senior executives, or management — bring in an external company like ours to offer an outside, expert perspective on their business growth gaps and opportunities. Strategy consultants usually have considerable industry knowledge and are…
The bad news is that leadership and conflict go hand-in-hand. The great news is that as a leader you can address conflict in a way that does not destroy team morale, employee engagement, healthy partnerships or your organization. “Everything rises and falls on leadership.” (John Maxwell) # [bctt tweet=”The bad news is that leadership &…
Whether you are a solo-preneur, or a growing small-to-medium business, you may need support at one time or another and consider working with freelancers. Hiring full-time staff can be costly, and you likely do not need support all the time. Freelancers can provide cost-effective expertise that can help you increase the performance and productivity of…
Service-based businesses often struggle to find the right pricing strategy that gives them a competitive edge in their market. Pricing for products is a little more straight forward. To make a profit you need to work out the cost of buying or making the product, and charge more than it cost to make it. Services…
Despite rapid advancement in smart gadgets and apps that should help us get more done in less time, entrepreneurs are still seeking ways to increase efficiency and productivity for themselves and their teams. Gone are the days of fewer choices and quicker decisions. Simplicity has become complicated and we may have gotten ourselves into a …
ScaleUp Africa is a dynamic women-led B2B Enterprise Education and Development Organisation offering advisory and growth support services to SMEs through Corporate Partnerships and Professional Networks of Venture Investors,Foundations, DFIs, Corporations and post-incubation, youth/women-led Small Businesses in Africa and the Diaspora. Late last year, The Radical Leap Company founder, Noreen Makosewe, talked to Amma Gyampo,…
Most small-business owners do not consider themselves investors. However, the sweat-equity and financial investment that goes into launching and growing a business should qualify all parties involved as investors. Taking an idea from concept to launch, then driving it further to growth is no walk in the park even for the most seasoned business leader.…
In my early leadership years I worried that vulnerability would hurt business. The perception I had back then was that effective leaders were stoic – enduring pain or hardship without showing feelings or complaining. What made the idea all the more ingrained was the harshness with which women in leadership positions, particularly black women or women…
As the world comes to terms with the aftermath of the full impact of COVID-19, it’s safe to say that the way we interact, work and do business has changed permanently for the foreseeable future. In addition to adhering to new standards of interaction when doing business, compulsory lockdowns across the globe have forced majority…
In today’s globalized world, characterized by the ever-increasing trans-boundary flow of people and goods, the further spread of epidemics and pandemics is even greater. Infectious diseases spread more quickly than they ever have before, as evidenced by SARS, Ebola, Zika and bird flu outbreaks with the largest in the 21st century being COVID-19 which has…
Business is diverse with multiple moving parts. Therefore, different aspects of business require different types of coaching. As the global market shifts rapidly catalysed by COVID-19 and lockdowns, business leaders are seeking coaches who are specialists as opposed to generalists. For example, where one coach might be highly experienced in business growth or public speaking,…
Executive coaching has evolved immensely over the years. A once sceptically-viewed practice, it is fast becoming the go-to tool used by leaders globally to boost personal excellence, elevate performance, prepare for change and take leaps to success. As the fourth industrial revolution redefines the global economic landscape, it is clear to us at The Radical Leap…
“Mobilising Ghana Beyond Aid” We had the opportunity of attending the Ghana Investment & Opportunities Summit in London, organised by the Ghana High Commission UK in partnership with the Ghana Investments Promotion Centre (GIPC). The event took place at London Hilton on Park Lane and was aptly themed: “Mobilising for Ghana Beyond Aid”. Keynote speakers included His…
As partners of iSpace Foundation in delivering the Unlocking Women and Technology (UWAT), we are pleased to share that the programme received the Google Diversity and Inclusion Award 2018. The award was handed to Josiah K. Eyison, co-founder of iSpace Foundation and lead partner of the programme. UWAT focuses on empowering women to innovate through technology. Now…
At TRLC, we help brands and business leaders start-up, scale-up or streamline for growth and profitability. Occasionally, we use our industry knowledge and expertise to support non-profits and social impact organisations that work with startups. On May 26th we supported Foundervine on day 2 of their 3-day startup hackathon, StartUp54. Foundervine is a UK-based social enterprise that has created a…
On May 16th we were at the Africa Tech Summit in London hosted by Andrew Fassnidge of AppsAfrica.com. #ATSLDN was a convention of professionals, tech experts and investors from across the world with keynotes, breakout sessions and roundtables focused on growth opportunities in the tech ecosystem across Africa. Two keynotes that stood out were How Blockchain Can Transform…
