Portugal has listed Nigeria alongside the United States as one of the countries it aims to get its supply of liquified natural gas (LNG) from. Portugal aims to get LNG supply from Nigeria and the United States due to shortage from the Russian market. Nigeria’s LNG trade is on an upward trajectory, producing 2.5 trillion…
President Donald Trump recently announced his intention to end “birthright citizenship,” a policy granting automatic American citizenship to anyone born on U.S. soil. President Trump aims to end birthright citizenship in the U.S Legal challenges have been filed by the American Civil Liberties Union and others against Trump’s decision The U.S. and Canada are among…
While households bear the brunt of expensive housing in many African countries, the ripple effects are typically extensive, having considerable influence on the overall economy. Business Insider Africa presents the top 10 African countries with the most expensive rent at the start of 2025. This list is courtesy of data from Numbeo. Nigeria ranks number…
Countries like Niger, Burundi, and Chad have maintained low unemployment rates, thanks to policies that prioritize key sectors like agriculture and tourism, foster entrepreneurship, and support the informal economy, which provides livelihoods for millions. Business Insider Africa presents the top 10 African countries with the lowest unemployment rate. The list is courtesy of Statista. Countries…
President Donald Trump’s recent executive order has sparked concerns about the potential impact on African countries that heavily rely on U.S. humanitarian aid. Trump’s executive order raises concerns about the impact on African countries Long-term implications could leave African nations struggling to maintain essential services African nations may turn to alternative sources like China for…
Zambia’s economic recovery now hinges on the performance of its mining sector, following severe droughts that hindered economic growth. Zambia is pinning its economic recovery on its mining sector due to drought hindering growth. The finance minister predicts a mining industry revival by 2025 with increasing copper production. The government has lowered its 2024 growth…
African sovereign wealth funds (SWFs) continue to play a critical role in shaping the continent’s economic landscape, as nations seek ways to diversify their economies. Sovereign Wealth Funds (SWFs) are playing a critical role in shaping Africa’s economic landscape Global sovereign wealth fund stood at $13 trillion as of January 2025, with China, UAE, and…
As the calendar rolls to 2025, several African countries are confronted with the long-term ramifications of borrowing from the International Monetary Fund (IMF). Business Insider Africa presents the top 10 African countries with the highest debt to the IMF at the start of 2025. This list is courtesy of data from the International Monetary Fund.…
Nigeria has moved to strengthen its mining sector by seeking financial and technical support from France to improve geological data exploration. Nigeria has signed an agreement with France to improve geological data exploration in its mining sector France has agreed to fund the geological data exploration efforts of the Nigerian Geological Survey Agency (NGSA) The…
