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…
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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…
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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…
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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…
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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…
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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…
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