Uganda’s financial losses due to anti-gay policies are estimated at $586 million to $2.4 billion per year, affecting tourism, international aid, and trade. Business Insider Africa presents how much East African countries are losing to anti-gay discrimination. This is courtesy of Open for Business. LGBTQ discrimination already costs Kenya $360 million to $1.5 billion annually.…
Ghana’s Finance Minister, Dr Cassiel Ato Forson, has reiterated the government’s determination to eliminate illegal gold smuggling and ensure the nation fully capitalises on its gold wealth. Ghana’s Finance Minister is determined to eliminate illegal gold smuggling and fully capitalize on the nation’s gold wealth Approximately 60 tonnes of gold, valued at $1.2 billion, were…
Two of Africa’s telecommunications powerhouses, MTN and Airtel have agreed to collaborate in a couple of its major markets, Nigeria and Uganda. MTN and Airtel are collaborating in Nigeria and Uganda to share phone network infrastructure. The collaboration is driven by the increasing demand for digital services and the high cost of establishing and running…
Donald Trump ceased disbursements from USAID, one of Africa’s main foreign aid funders, on January 20, 2025. Given that the U.S. is one of the largest aid donors in the world, the move begs the question of what is next, particularly for Africa. Business Insider Africa presents the top 10 African countries the United States…
Government debt remains a pressing economic challenge for many African nations, with some countries grappling with alarmingly high debt-to-GDP ratios. Sudan has the highest government debt in Africa with a debt-to-GDP ratio of 344.4% Zimbabwe ranks second with a debt ratio of 98.5% Many African countries are seeking assistance from international financial institutions to manage…
Nigeria, as Africa’s largest economy, maintains a diverse and dynamic import market driven by its need for essential commodities, industrial materials, and consumer goods. Business Insider Africa presents the top five countries Nigeria imported the most goods from in Q4,2024 The report is courtesy of the Foreign Trade in Goods Statistics of the NBS China…
Kenya Airways announced on Tuesday that it recorded a pretax profit in 2024, marking its first positive earnings in more than a decade. Kenya Airways recorded its first pretax profit in more than a decade in 2024. The airline reported a significant turnaround with a pretax profit of 5.53 billion shillings. The airline had been…
Ghana and Morocco have reached a landmark agreement to waive visa requirements for travellers from both countries, a move expected to enhance diplomatic relations and foster economic cooperation. Ghana and Morocco have waived visa requirements for travelers from both countries The agreement will be presented to both nations’ parliaments for approval Morocco has doubled its…
East Africa in recent months has been home to several bloody conflicts including the devastating fight between the Democratic Republic of Congo (DRC) and M23 rebels. There is also the Sudanese war and tensions between Ethiopia and Eritrea. Despite this, Burundi’s president has warned of another potential conflict between his country and Rwanda. Several conflicts…
