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…
Access to and production of natural gas in African countries may be a significant driver of economic growth, energy security, and industrial development. However, many African countries continue to generate little or no natural gas. Business Insider Africa presents the top 5 African countries that produce the least natural gas in 2025. This list is…
Rumors of U.S. embassy closures in Africa were dismissed after Senator Marco Rubio unveiled a major State Department reform plan. Rumors about the United States closing multiple embassies in Africa have been refuted Senator Marco Rubio is leading a reform plan to streamline and modernize U.S. diplomatic engagement The goal is to align the State…
A court in Ivory Coast has disqualified leading presidential contender Tidjane Thiam over his dual nationality with France, removing him from the country’s electoral roll. Ivory Coast court disqualifies Tidjane Thiam due to dual nationality with France Thiam’s disqualification based on his French citizenship at the time of his application Under Ivorian law, presidential candidates…
For African countries dealing with persistently large debt to the International Monetary Fund (IMF), the implications are especially severe. Business Insider Africa presents the top 10 African countries with the highest debt to the IMF in April 2025. This list is courtesy of data from the IMF’s website. Egypt ranks number 1 on the list.…
A coalition of e-hailing drivers in Nigeria’s capital hub, Lagos, working on platforms such as Bolt, Uber, and Indrive, has indicated plans to halt services on May 1, 2025. E-hailing drivers in Lagos, Nigeria plan to halt services on May 1, 2025. The strike is in response to exploitation, hazardous working conditions, and lack of…
Kenya is set to overtake Ethiopia as East Africa’s largest economy in 2025, according to new projections from the International Monetary Fund (IMF). Kenya projected to overtake Ethiopia as East Africa’s largest economy by 2025. Ethiopia devalued its currency, unlocking financial support from IMF and World Bank. Kenya’s GDP forecasted to climb to $132 billion…
