The World Bank notes that Sub-Saharan Africa must invest approximately 7.1% of its GDP annually to achieve sustainable development goals, while current investments hover around just 3.5% of GDP. Business Insider Africa presents the top 10 African countries leading in private sector investments. The list is courtesy of World Bank. In FY24, the IFC mobilized…
The Nigerian National Petroleum Company Limited (NNPCL) has responded to recent remarks made by former President Olusegun Obasanjo regarding the management of the country’s refineries. Ex-President Obasanjo criticized NNPCL’s capacity to efficiently operate Nigeria’s refineries Obasanjo highlighted failed attempts to privatize the refineries, alleging $2 billion in losses under government control NNPCL spokesperson invited Obasanjo…
Several African countries have their satellites, some of which serve critical functions in agriculture, climate monitoring, communications, and disaster response. Business Insider Africa presents African countries with the highest number of satellites in orbit. The list is courtesy of Statista. 125 new satellites have been lined up for development in 23 African countries by 2025.…
Africans from nine countries are now eligible to file applications electronically for Thailand’s visa with effect from January 1, 2025. Africans from nine countries can now apply for Thailand’s e-visa from January 1, 2025 The e-Visa system simplifies the application process and requires online completion Applicants must provide evidence of presence in the approved countries…
A massive, fiery object fell from the sky into a Kenyan village on Monday afternoon, sparking curiosity and concern among locals, according to the country’s national broadcaster. To date, no fatalities have been recorded from space debris falling from the sky. A massive, fiery object fell from the sky into a Kenyan village. The Kenya…
Africa’s population growth is driven by several interconnected factors that shape the continent’s demographic trends. Business Insider Africa presents the 10 most populous African countries at the beginning of 2025 The ranking is courtesy of Worldometer At the beginning of 2025, Nigeria, Ethiopia, Egypt had the highest populations in Africa Some of the factors influencing…
To boost economic growth, solve social issues, and improve Africa’s standing internationally, the investments, ingenuity, and generosity of the continent’s wealthiest people are crucial. Business Insider Africa presents the top 10 richest people in Africa at the start of 2025. This list is courtesy of the Forbes real-time index. Dangote ranks number 1 on the…
Diaspora remittances are a vital lifeline for African economies and communities, driving socio-economic development and serving as a significant source of external financing. Business Insider Africa presents African countries with the most diaspora remittances in 2024 The list is courtesy of the World Bank Top three recipients of remittances in Africa in 2024 were Egypt,…
According to reports, an 8-year-old Zimbabwean child managed to survive in a wildlife park for close to a week. 8-year-old Zimbabwean child survives in Matusadona Game Park for almost a week. Managed to survive amidst lions and passing elephants by sleeping on a rocky perch and eating wild fruits. Utilized knowledge of nature to eat…
