Since its inception in 1952, the International Monetary Fund (IMF) has played a significant role in Africa’s economic landscape, providing financial assistance to numerous countries across the continent. Botswana, Libya, and Eritrea have maintained financial independence by never borrowing from the IMF 48 African countries collectively owe approximately USD 42.2 billion to the IMF The…
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In 2024, Russia’s agricultural exports to Africa rose by 19% to over $7 billion, according to a statement released by the state center Agroexport. Several African countries accounted for a significant chunk of said exports. Business Insider Africa presents the top 5 largest Russian food markets in Africa and their recent export change. Data from…
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The billionaire class in Africa has traditionally been dominated by people over the age of 70, many of whom have built their fortunes through economic development in fields like natural resources, finance, and telecommunications for decades. Business Insider Africa presents the top 10 youngest African billionaires in 2025. This list is courtesy of Forbes. Mo…
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Rail transport remains one of the most efficient means of mass transportation, especially in highly urbanised cities. Rail transport is efficient, especially in urbanized cities Asia and Europe have well-developed railway infrastructures, while Africa lags behind The most congested train stations are concentrated in Japan and India Across the world, millions of passengers rely on…
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Before the market stutters, Egypt and Germany are presently discussing the storage of liquefied natural gas (LNG). Egypt and Germany are discussing leasing a new liquefied natural gas unit. The unit is currently located at the Mukran terminal on the Baltic Sea. Egypt is working on securing short-term and long-term gas supplies to combat shortages.…
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Africa’s largest refinery, the $20 billion Dangote Petroleum Refinery, is sourcing crude oil from international suppliers to supplement its domestic deliveries as it continues to scale up operations. Dangote Petroleum Refinery, Africa’s largest refinery, is importing crude oil from international suppliers to supplement domestic deliveries. The refinery has received over three million barrels of crude…
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