Nigerian business mogul Tony Elumelu is doubling down on his belief that Africa is the best place to invest, stressing the continent’s massive opportunities and unbeatable returns. Tony Elumelu champions Africa as top investment destination at World Government Summit. He stressed Africa’s high return on investment (ROI) and vast opportunities in key sectors. Urges business…
A recent report has ranked African countries based on the economic shocks they experienced in 2024. The UNCTAD report ranks African countries based on economic shocks experienced in 2024 African economies face external shocks due to commodity dependency, high debt, and limited technological infrastructure The most vulnerable countries to economic shocks include Mozambique, Zambia, Angola,…
A recent report revealed that Uganda is facing a 300 billion shillings ($82 million) funding deficit in its HIV relief programs. Uganda faces a $82 million funding deficit for HIV relief programs. USAID elimination by President Trump has led to global aid cuts, including to Uganda’s health sector. US funding contributed $417 million to Uganda’s…
Nigeria’s Air Peace and the International airline, Emirates, have come to a joint agreement intended to ease travel to and from Nigeria. Emirates and Air Peace have agreed to expand Emirates’ network to 13 new sites in Nigeria. Passengers will have seamless single-ticket travel and simplified baggage between Dubai and various Nigerian cities. The collaboration…
Egypt isn’t the only African nation drawn into China’s expanding space ambitions. Beijing has signed space cooperation agreements with 23 African countries, funding satellites and ground stations that collect valuable imagery and data. China is strengthening its space cooperation with Africa, securing nearly two dozen agreements with various nations. China has signed space cooperation agreements…
Ghana’s President, John Dramani Mahama, has told Finance Minister Cassiel Ato Forson to act fast and fill a $156 million funding gap after the U.S. cut off aid from USAID, according to a statement from his office. Ghana’s President instructed Finance Minister to address $156 million funding gap after U.S. aid cut. President Trump’s executive…
The Norwegian Refugee Council (NRC) has announced they may be forced to suspend essential aid in nearly 20 countries due to funding cuts from its major donors. The Norwegian Refugee Council (NRC) faces funding cuts from major donors NRC received nearly 20% of its funding, approximately $150 million, from the U.S. in 2024 NRC operates…
Global economies rely significantly on maritime trade, and submarines play a role in defending crucial sea routes. Business Insider Africa presents the top 10 countries with the most submarines in 2025 This list is courtesy of Global Firepower. The United States ranks number 1 on the list. Submarines have always been predominant in naval combat,…
The transition rate from mortgage to homeownership is an important indicator of financial access in African cities. Business Insider Africa presents the top 5 African cities that offer the worst transition rates from mortgage to home ownership. This list is courtesy of data from Numbeo. Addis Ababa ranks number 1 on the list. Cities with…
