Libya, despite enduring political instability, holds the largest oil reserves in Africa, with 48.36 billion barrels, ranking 9th globally according to Global Firepower. Known for its high-quality, low-sulfur crude, Libya’s oil is in high demand on international markets. Business Insider presents the top 10 African countries with the largest proven oil reserves in 2025 The…
Kenyan President William Ruto, a strong advocate for African Union (AU) institutional reforms, stated yesterday that ongoing conflicts are causing Africa to lose $18 billion annually. The ongoing conflicts in Africa are causing the continent to lose $18 billion annually. There were 1,000 terrorism incidents between April and June 2024, resulting in 4,818 deaths across…
Troops from the Democratic Republic of Congo (DRC) and Rwanda have reportedly exchanged fire along their shared border in the eastern city of Goma. This escalation has deepened an already dire humanitarian crisis in a region scarred by two devastating wars between 1996 and 2003. Troops from DRC and Rwanda have reportedly exchanged fire along…
For the second month in a row, Ghana has decided to retain its interest rate, as it attempts to mitigate inflationary pressures. Ghana maintains interest rate at 27% for second consecutive month. Inflation profile remains high due to elevated food prices caused by adverse weather and supply-chain weaknesses. New administration’s tightening of fiscal policy expected…
Liquefied Petroleum Gas (LPG), sometimes known as cooking gas, is essential to the lives of millions of people across the globe. Business Insider Africa presents the top 10 countries with the lowest cooking gas prices at the start of 2025. This list is courtesy of GlobalPetrolPrices. Algeria ranks number 1 on the list. This fuel’s…
Trump’s directive to deport millions of illegal immigrants, including those with removal orders, is expected to affect many African immigrants without legal status. ICE raids under Trump’s leadership has resulted in a significant number of arrests Over 41,000 African citizens have been placed on ICE’s Final Orders of Removal list Somalia, Mauritania, and Nigeria had…
President Donald Trump’s return to the political stage has reignited fears of mass deportations among immigrants in the United States. Business Insider Africa presents African countries that topped US immigration deportation list in 2024 The list is courtesy of The US ICE Annual Report 2024 African countries like Senegal, Mauritania, and Nigeria topped the list…
Oil marketers have announced that the landing cost of Premium Motor Spirit (petrol) stood at ₦922.65 per litre as of Friday. Landing cost of petrol in Nigeria has decreased to ₦922.65 per litre. Dangote Refinery faces challenges in matching the affordability of imported alternatives. Global crude oil prices are driving the recent increase in the…
Niger has leveled new charges against France, accusing the European country of deploying the trojan horse technique to destabilize the country. Niger accuses France of using Trojan horse technique to destabilize the country. France’s relationship with Niger worsened after a coup and attacks on the French embassy. France in the last 2 years has closed…
