Africa is home to vast agricultural lands, with large portions of the continent suitable for farming. Some regions have expansive fertile areas ideal for growing crops, while others have extensive grasslands that support livestock. Business Insider Africa presents the top 10 African countries with the largest agricultural land area. The list is courtesy of Statista.…
Dangote Refinery has made its first purchase of Algeria’s light sweet Saharan Blend crude, according to market sources cited by Argus Media, a leading global energy intelligence provider. Dangote Refinery purchased its first cargo of Algeria’s Saharan Blend crude. The 650,000 barrels per day refinery acquired a 1 million-barrel cargo from Glencore. The refinery has…
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the pump price of petrol to N860 per litre, down from N920. NNPCL has reduced the pump price of petrol to N860 per litre from N920. Dangote Petroleum Refinery also lowered its ex-depot price from N890 to N825 per litre. This move has…
Customs duties plays a significant role in tax revenue generation across African nations. Customs duties are a significant source of tax revenue for African nations, with some countries relying on them for over 40% of total tax revenue. In extreme cases like São Tomé and Príncipe, customs duties contributed 100% of tax revenue. 15 African…
One important economic indicator that monitors shifts in the price of goods and services over time is the Consumer Price Index (CPI). Because so many people in many African countries live on low incomes, they are disproportionately impacted by increases in the CPI. Business Insider Africa presents the top 10 African countries where clothing is…
Housing markets around the world vary significantly, with some countries having a higher proportion of renters than homeowners. Factors contributing to rental trends include economic conditions, housing affordability, government policies, and cultural preferences High property prices, limited mortgage access, and urban migration have led to a growing demand for rental properties in Africa African countries…
The United States currently holds the position as Africa’s largest aid donor, but China is emerging as a strong contender that may likely take over this role. Chinese aid grants in Sub-Saharan Africa from 2013 to 2023 highlighted strategic investments across the continent China’s bid to surpass the US as Africa’s top aid provider hinges…
The real estate market continues to evolve, with rental yields varying significantly across different countries. Rental yields in the real estate market vary across different countries Gross rental yield measures annual rental income as a percentage of a property’s purchase price Only a few African nations are included in the ranked countries by gross rental…
Despite mounting international pressure, the DR Congo remains resolute in its refusal to engage in direct talks with the M23 rebel group, which has made significant territorial gains in eastern DRC in recent months. DRC refuses direct talks with M23 rebel group due to concerns over sovereignty and past failed agreements Government views M23 as…
