The Congolese government, alongside U.N. officials and Western powers, including the United States, has accused neighbouring Rwanda of exacerbating the conflict by deploying thousands of troops and heavy weaponry in support of M23. Rwandan President Paul Kagame denies knowledge of Rwandan troops operating in eastern DRC. UN experts estimate 3,000 to 4,000 Rwandan soldiers are…
Nigeria’s upstream oil regulator announced on Monday that oil producers who fail to meet their required supply quotas to local refineries, including the massive Dangote Refinery, will be denied export permits. Oil producers failing to meet supply quotas to local refineries will be denied export permits. Domestic crude supply obligation ensures local energy needs are…
A global ranking assessing countries’ digital well-being has highlighted the state of digital quality across African nations. Business Insider Africa presents 10 African countries with best digital quality of life The ranking is courtesy of the 2024 Surfshark Digital Quality of Life Index South Africa, Morocco, and Mauritius led the ranking reflecting challenges in internet…
A transparent financial market in Africa relies on multiple key factors, including macroeconomic stability. The Absa Africa Financial Markets Index reported significant market developments in 2024 The report highlighted the importance of ESG reviews and credit ratings in improving Africa’s financial markets The African countries with the most transparent financial markets during the period include…
With billions of barrels lying beneath the land and offshore, oil is one of Africa’s biggest money-makers. Morocco has the smallest proven oil reserves in Africa, with just 684,000 barrels, placing it 94th globally. Business Insider presents the top 10 African countries with the smallest proven oil reserves in 2025 The list is courtesy of Global…
Africans face significant challenges related to fraud and identity documents, which impact governance, financial systems, and social services. Identity theft and document forgery are significant challenges in Africa Weak identification systems in many African countries make it easier for fraudsters to manipulate official records Biometric fraud remained the most prevalent fraud type in 2024, while…
Tech billionaire Elon Musk sparked widespread debate on social media after accusing South Africa of having “openly racist ownership laws”. Elon Musk accused South Africa of having ‘openly racist ownership laws’ in response to a tweet by President Cyril Ramaphosa. President Donald Trump announced the U.S. would halt aid to South Africa over its land…
The Dangote Refinery took a bold step over the weekend: a considerable price reduction for Premium Motor Spirit (PMS), commonly referred to as petrol. Dangote Refinery reduced petrol price from N950 to N890 per liter Reduction in response to favorable global energy sector and decrease in international crude oil prices Marketers wary of challenges and…
The Kremlin has expanded the list of African friends whose banks may now trade currencies in Russia. These additions include Nigeria, Tunisia, and Ethiopia. Russia expanded the list of African countries eligible for currency trading in Moscow to include Nigeria, Tunisia, and Ethiopia. The total number of countries allowed for currency trading in Russia has…
