With a growing population in numerous African countries and rising life expectancy, having a strong pension system in place is critical 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 best pension fund development. This list is courtesy of the Absa…
South Africa’s largest airline, FlySafair, has been given a year to reduce its foreign shareholding, or it risks having its license suspended. FlySafair has been given a year to reduce its foreign shareholding to comply with regulations. The airline risks license suspension if it fails to meet the 12 months deadline. At least 75% of…
Rwanda may be facing a significant economic setback as the European Union (E.U) has received a request to nullify its mineral partnership deal with the East African country. The European Union has received a request to nullify its mineral partnership deal with Rwanda Rwanda is accused of increasing its military presence in Congolese territory and…
Niger continues to make major advances as it plans to establish multiple airlines, following plans to implement a biometric passport system with Burkina Faso and Mali. Niger plans to establish multiple airlines, including a national airline and one for the Alliance of Sahel States. The Minister of Transportation and Equipment emphasized the goal of facilitating…
Ukraine is exploring the possibility of establishing a logistics hub in Egypt to facilitate the supply of its agricultural products to the region, Agriculture Minister Vitaliy Koval announced on Tuesday. Ukraine is exploring the possibility of establishing a logistics hub in Egypt. The hub aims to facilitate the supply of Ukrainian agricultural products to the…
South African President Cyril Ramaphosa spoke with Elon Musk regarding misinformation about South Africa, the presidency announced on Tuesday. Elon Musk accused South Africa of enforcing ‘openly racist ownership laws’ and implied targeting of white people. Ramaphosa and Musk spoke to address ‘issues of misinformation and distortions’ regarding the country. South Africa’s land reform policy…
Switzerland has announced the termination of its development aid program to Eritrea, citing persistent challenges in repatriating rejected asylum seekers. Switzerland has terminated its development aid program to Eritrea Eritrea’s refusal to accept deported nationals has caused frustration in Swiss-Eritrean relations Switzerland’s decision to end aid raises questions about the effectiveness of foreign aid in…
Nigeria’s external reserve saw a loss of $1.19 billion in just 3 weeks after the country had recorded a high of $40.920 billion on the 6th of January 2025. Nigeria’s external reserve declined by $1.19 billion in 3 weeks. Gross external reserves dropped to $39.723 billion by January 31st. Financial Derivatives Company predicts a further…
The Eastern Congo rebel coalition, which includes the M23 group, has announced a ceasefire for humanitarian reasons, yielding to international pressure to halt the escalating conflict. The Eastern Congo rebel coalition, including the M23 group, has announced a ceasefire for humanitarian reasons. The ceasefire is set to take effect on February 4, and the group…
