Africa’s largest bauxite producer, Guinea, has revoked 46 mining licences in a broad move to tighten state control over its vast mineral resources. Guinea revoked 46 mining licences as part of a sector-wide reform to enhance state control over mineral resources. The reform aims to address regulatory violations, optimize revenue collection, and ensure alignment with…
Details
The growth of hotel chains in Africa signifies economic potential, investor confidence, and tourism growth. A key indicator of this is the hotel chain development pipeline, which tracks new hotel projects. For African countries, a strong pipeline is commercially strategic and highly desirable. Business Insider Africa presents the top 10 African countries with the biggest…
Details
The increase comes as Shell prepares to exit its onshore oil operations in Nigeria after decades marked by controversy. Nigeria remained the highest recipient of Shell’s payments, with the top four countries collectively receiving $11.7 billion. Shell paid approximately $28.1 billion to governments globally in 2024 for extractive-related taxes and charges. The company is exiting…
Details
Zimbabwean professionals seeking a way out of their country’s prolonged economic crisis are facing fresh hurdles as the UK government moves to permanently scrap care worker visas, a route many had used to migrate. The UK government announced the cancellation of care worker visas, affecting migration routes for Zimbabwean professionals. Care worker visas had been…
Details
Europe can offer Africa a stable and reliable partnership when global trade faces growing uncertainty due to U.S. President Donald Trump’s escalating tariff war, according to an European Investment Bank official. Europe is positioning itself as a stable trade partner for Africa amid global economic uncertainties, including rising U.S. tariffs. The European Investment Bank (EIB)…
Details
The Minister of Energy, John Jinapor, has issued a stark warning about an impending nationwide electricity crisis, disclosing that the country has less than three days’ supply of liquid fuel available to run its thermal power plants. The Energy Minister, John Jinapor, has warned of a potential nationwide electricity crisis due to critically low fuel…
Details
