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…
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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…
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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…
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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…
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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%…
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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…
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