S&P Global Ratings has cautioned that the intensifying conflict between Rwanda and the Democratic Republic of Congo (DRC) could negatively impact their credit ratings, as the economic strain of war weakens both nations. Intensifying Rwanda-DRC conflict could impact credit ratings negatively. Rwanda risks losing foreign aid, critical for its budget. DRC may experience stretched finances…
Former U.S. President Donald Trump disbanded the Department of Justice unit specializing in tracing and recovering multibillion-dollar loot from corrupt foreign leaders. Former U.S. President Donald Trump disbanded the Kleptocracy Asset Recovery Initiative The initiative was instrumental in cases like the 1MDB scandal and the recovery of funds traced to Nigerian ex-head of state, Gen…
Ethiopia is the largest USAID beneficiary in Africa, receiving $1.20 billion in aid. The Democratic Republic of Congo follows closely with the same amount of $1.20 billion. Business Insider Africa presents the 5 biggest USAID beneficiaries in Africa The list is based on data from U.S. Foreign Assistance and sourced via StatiSense Ethiopia is the…
U.S. President Donald Trump has frozen aid to South Africa over a controversial land expropriation law making it easier for the state to expropriate land in the public interest. U.S. President Donald Trump has frozen aid to South Africa over a controversial land expropriation law. South African President signs law to make it easier for…
With a growing population in many African countries and increased life expectancy, a solid pension system is essential not just for retiree well-being, but also for governments’ long-term economic stability. Business Insider Africa presents the top 10 African countries with the most deficient pension situation This list is courtesy of the Absa Africa Financial Markets…
Pollution in many regions and Africa most especially, leads to complex issues that go beyond environmental concerns, affecting both public health and overall productivity. IQAir live report ranks African cities by Air Quality Index (AQI), highlighting the severity of air pollution in these regions The WHO reports that 2.4 billion people face hazardous household air…
To maintain economic stability, geopolitical influence, and national security, a country’s defense budget is very pivotal. Business Insider Africa presents the top 10 countries with the most expensive militaries in 2025. This list is courtesy of Global Firepower. The United States ranks number 1 on the list. A well-funded military is crucial for preserving sovereignty,…
Countries are often added to the Financial Action Task Force (FATF) grey list due to deficiencies in their anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. 24 countries are listed on the FATF grey list as of February 2025 Grey listing can lead to significant economic and reputational damage for countries Some African countries, such…
Russia and Ethiopia are looking into the viability of trading in their local currencies, as well as bolstering their already budding bilateral relations. Russia and Ethiopia are exploring the possibility of trading in local currencies to strengthen bilateral relations. Ethiopia and Russia aim to cut transaction costs and economic uncertainty by using their currencies for…
