For African countries, a persistently weak currency can be more than a nuisance. It can be a serious obstacle to growth, stability, and prosperity. Business Insider Africa presents the top 10 African countries with the weakest currencies in April 2025. This list is courtesy of the Forbes currency calculator. São Tomé & Príncipe ranks number…
Nigerian authorities have highlighted a nagging problem in the country’s oil sector, which is the smuggling of petroleum products, intended for domestic use, outside the country. Despite the removal of fuel subsidy, it is still profitable for smugglers to take fuel illegally from Nigeria. Nigeria’s relatively cheaper pump price encourages the illicit export of Premium…
Russia has said it doesn’t wish to disburse aid to Africa, noting that it does not want its relationship with the continent to be based on that. This is in light of the recent cutback in USAID, which has been an interesting conversation for several African countries. Russia does not want to disburse aid to…
