Kenya is set to overtake Ethiopia as East Africa’s largest economy in 2025, according to new projections from the International Monetary Fund (IMF). Kenya projected to overtake Ethiopia as East Africa’s largest economy by 2025. Ethiopia devalued its currency, unlocking financial support from IMF and World Bank. Kenya’s GDP forecasted to climb to $132 billion…
Diesel might not be the fuel most consumers think about daily, but in some African countries, it powers the engines that drive progress. Business Insider Africa presents the top 10 African countries with the lowest diesel prices in April 2025. This list is courtesy of data from GlobalPetrolPrices. Libya ranks number on the list. The…
While some African nations continue to rely heavily on coal for both domestic use and exports, others are operating on significantly smaller reserves, or have little to none at all. The Central African Republic has the lowest coal reserves on the continent, with only 3 million cubic meters. Business Insider Africa presents the top 5…
Nigeria’s oil export revenues may be facing a significant threat as Indonesia, one of its key crude oil importers, plans to substantially increase its energy imports from the United States. Indonesia plans to increase energy imports from the United States to address its trade surplus and avoid potential tariffs The shift in Indonesia’s energy imports…
Burkina Faso’s military government has claimed to have thwarted a coup plot aimed at overthrowing the ruling junta led by Captain Ibrahim Traoré. Military government in Burkina Faso claims to have thwarted a coup plot aimed at overthrowing ruling junta Allegations of foreign involvement, particularly from Ivory Coast, further complicate the geopolitical landscape surrounding Burkina…
Toyota remains Africa’s most preferred car brand, with 78% of consumers who have owned it naming it their favourite. Business Insider Africa presents the top 10 favourite car brands in Africa. The list is courtesy of SagaBrand. Toyota remains Africa’s most preferred car brand, with 78% of consumers who have owned a Toyota naming it…
Kenya is set to officially sign an agreement with China to construct a state-of-the-art Foreign Affairs Complex in Nairobi, signaling a strengthening of bilateral relations between the two nations. Kenya will be signing an agreement with China to construct a Foreign Affairs Complex in Nairobi The cost of the project has not been disclosed, but…
Millions of people have been displaced globally due to conflict, violence, and persecution, making them refugees on foreign soil, including within Africa. Millions of people globally displaced due to conflict, violence, and persecution. Higher precipitation levels and floods are key factors driving refugee flows within Africa Refugees in emerging market economies face worse labor market…
Russia and Nigeria have entered a fresh chapter of bilateral ties, marked by increased collaboration in commerce, defense, and finance. A significant development is the planned establishment of a new regular shipping line between Novorossiysk, an important Russian port on the Black Sea, and Lagos. Russia and Nigeria are increasing collaboration in commerce, defense, and…
