Ghana in 2024, hit a record-high trade surplus amounting to $5 billion, as a result of its gold trade. Ghana achieved a record-high trade surplus of $5 billion in 2024 due to its gold trade. Gold shipments from Ghana rose by more than 50% to $11.6 billion in 2024. The positive trade balance could help…
The African Development Bank (AfDB) has launched initiatives to alleviate the challenges faced by certain African countries grappling with the persistent crisis of hazardous chemicals. The AfDB has launched initiatives to address hazardous waste challenges in African countries The AfDB approved a $21.3 million initiative targeting hazardous chemicals in 11 Least Developed Countries (LDCs) in…
Cuba’s long-time African friend Namibia, has expressed concern over one of Donald Trump’s America-first-driven policies. Trump reverses decision to take Cuba off the list of states that promote terrorism and reintroduces Cuba Restricted List. SWAPO party of Namibia calls the action illegal and unjustifiable. Namibia reaffirms its unwavering support for Cuba and opposes the economic…
Nigerian universities continue to make important contributions to education, but there is still a lot of potential for growth and improvement on the international stage. Business Insider Africa presents top 10 best universities in Nigeria in 2025. The list is courtesy of Times Higher Education 2025. Nigerian universities continue to make important contributions to education, but…
Choosing a car brand involves making informed decisions amidst a multitude of technologies and design options presented by manufacturers. Business Insider Africa presents the 10 most valuable car brands in 2025 The ranking is courtesy Brand Finance Global 500 Report Toyota Motor Corporation leads with a valuation of $64.7 billion, followed by Mercedes-Benz and Hyundai…
Each year, the U.S. sends billions of dollars in foreign aid to promote global stability, national security, and economic interests. A big chunk of that money goes to Africa, funding programs that tackle health issues, food shortages, energy access, and economic growth. The U.S. State Department issued a ‘stop-work’ order on foreign assistance, halting existing…
Kenya’s escalating political tension has had a detrimental impact on its economy, prompting investors to withdraw their funds to mitigate potential losses. Escalating political tension in Kenya has caused foreign investors to withdraw a substantial amount of funds The stability of the Kenyan shilling failed to reassure investors, leading to a dramatic increase in capital…
Lakurawa is a new militant group which carries out attacks, targeting local communities in north-western Nigeria and across the border with Niger. A federal court in Nigeria has designated Lakurawa group as a terrorist organization. The military has been granted authority to deploy maximum force against the group in the northwest. Lakurawa carries out attacks…
In November 2024, Uganda disclosed that it was trying to ink a nuclear deal with Russia, given Russia’s nuclear expansion in Africa, in the last few years. Uganda is in talks with Russia to build a nuclear power plant. A memorandum of understanding for nuclear energy was signed between Uganda and Russian state enterprise Rosatom…
