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…
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…
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.…
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…
Ghana’s Finance Minister, Dr Cassiel Ato Forson, has announced the government’s decision to abolish several so-called “nuisance” taxes in the coming days. Ghana’s Finance Minister, Dr Cassiel Ato Forson, announced the abolition of several ‘nuisance’ taxes Six contentious taxes will be scrapped, in line with NDC’s 2024 manifesto promise The abolished taxes include the Betting…
Johannesburg, also known as “Jozi” or “Joburg,” boasts 12,300 millionaires, 25 cent millionaires (with a net worth of at least $100 million), and 2 billionaires. Johannesburg is Africa’s wealthiest city with 12,300 millionaires, 25 cent millionaires, and 2 billionaires. Originally founded in 1886 during the Gold Rush, it has evolved into a diversified economy with…
The Ghanaian government has introduced incentives for businesses willing to adopt the 24-hour economy initiative. Ghanaian government introduces incentives for businesses adopting 24-hour economy initiative 24-hour economy strategy aims to create sustainable jobs, enhance productivity, and improve competitiveness Incentives for local and foreign investors include tax benefits, financial support, and security improvements Acting Chief Executive…
In Africa, Seychelles holds the title as the continent’s least stressed country, ranking 57th globally with a stress score of 71.48. Business Insider Africa presents the top 10 least stressed countries in Africa in 2025. The list is courtesy of CEOWORLD magazine. In Africa, Seychelles holds the title as the continent’s least stressed country, ranking…
Russia’s food shipments to Africa increased significantly in 2024, indicating a strengthening trading tie between both parties. Russian agricultural exports to Africa rose by 19% to over $7 billion in 2024 Egypt was one of the major beneficiaries of the boosted trade, importing 21% more Russian agricultural exports by the end of 2024 Algeria and…
