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.…
Details
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…
Details
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…
Details
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…
Details
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…
Details
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…
Details
