Lagos State has solidified its status as a leading economic force in Africa, with its Gross Domestic Product (GDP) reaching approximately $259.75 billion in 2023, based on purchasing power parity (PPP). Lagos State’s GDP reached approximately $259.75 billion in 2023, making it the continent’s second-largest economy Lagos’s economy expanded to ₦27.38 trillion in the first…
Given the conflict in the East African region between the Democratic Republic of Congo (DRC) and M23 rebels, the Southern African country of Angola has opted to intervene. Angola to mediate between DRC and M23 rebels. Direct peace talks set for 18th of March in Luanda. DRC government yet to confirm attendance at negotiations. Following…
Governments across Africa intensified efforts to silence dissent in 2024, leading to a record number of digital blackouts shutting down internet connections across the continent. A record number of 21 internet shutdowns were recorded in 15 African countries in 2024 Shutdowns were linked to political unrest, elections, and security crackdowns Four countries, including Myanmar and…
Nuclear weapons remain one of the most powerful and destructive forces in modern warfare. Despite efforts to reduce global stockpiles, the world still holds thousands of nuclear warheads, with the majority controlled by just two nations ,Russia and the United States. There are approximately 12,100 nuclear warheads worldwide as of January 2024 90% of these…
Since its inception in 1952, the International Monetary Fund (IMF) has played a significant role in Africa’s economic landscape, providing financial assistance to numerous countries across the continent. Botswana, Libya, and Eritrea have maintained financial independence by never borrowing from the IMF 48 African countries collectively owe approximately USD 42.2 billion to the IMF The…
In 2024, Russia’s agricultural exports to Africa rose by 19% to over $7 billion, according to a statement released by the state center Agroexport. Several African countries accounted for a significant chunk of said exports. Business Insider Africa presents the top 5 largest Russian food markets in Africa and their recent export change. Data from…
The billionaire class in Africa has traditionally been dominated by people over the age of 70, many of whom have built their fortunes through economic development in fields like natural resources, finance, and telecommunications for decades. Business Insider Africa presents the top 10 youngest African billionaires in 2025. This list is courtesy of Forbes. Mo…
Rail transport remains one of the most efficient means of mass transportation, especially in highly urbanised cities. Rail transport is efficient, especially in urbanized cities Asia and Europe have well-developed railway infrastructures, while Africa lags behind The most congested train stations are concentrated in Japan and India Across the world, millions of passengers rely on…
Before the market stutters, Egypt and Germany are presently discussing the storage of liquefied natural gas (LNG). Egypt and Germany are discussing leasing a new liquefied natural gas unit. The unit is currently located at the Mukran terminal on the Baltic Sea. Egypt is working on securing short-term and long-term gas supplies to combat shortages.…
