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…
Details
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…
Details
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…
Details
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…
Details
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,…
Details
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…
Details
