The Central African Republic (CAR) has introduced a meme coin, a move President Faustin-Archange Touadéra says will help boost the country’s global profile. The Central African Republic (CAR) has introduced a meme coin to boost its global profile. CAR made history as the first African nation to adopt Bitcoin as legal tender three years ago.…
According to the IMF, Seychelles has the highest GDP per capita in Africa at $22,000, making it the continent’s leader in average income per person. Mauritius comes next with $13,100, while Gabon follows with $9,000. Business Insider Africa presents the top 10 African countries with the highest GDP per capita in 2025. The list is…
Compared to the last two quarters of 2024, the private sector stance in Kenya is less optimistic in 2025. Private sector in Kenya less optimistic in 2025 compared to last two quarters of 2024. Survey by KNCCI shows increasing pessimism over revenue, workforce size, and key input costs. 24% of businesses do not foresee revenue…
Compared to the previous quarter, recent estimates show that Nigeria’s export value in Q3 of 2024, increased compared to the previous quarter. Business Insider Africa presents the top 5 countries Nigeria sold the most goods to in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. Spain ranks number…
Tanzania is currently in the process of regulating the use of foreign currencies for local transactions, and instead opt exclusively for the use of the Tanzanian Shilling. Tanzania is regulating the use of foreign currencies for local transactions. The central bank is amending regulations to exclusively use the Tanzanian Shilling for financial transactions within the…
Africa’s top five economies—Nigeria, South Africa, Egypt, Algeria, and Ethiopia—are home to some of the continent’s billionaires. Top five African economies include Nigeria, South Africa, Egypt, Algeria, Ethiopia African billionaires have leveraged the economic growth of these thriving nations to scale their businesses and increase their wealth. Billionaires like Aliko Dangote (Nigeria), Johann Rupert (South…
S&P Global Ratings has cautioned that the intensifying conflict between Rwanda and the Democratic Republic of Congo (DRC) could negatively impact their credit ratings, as the economic strain of war weakens both nations. Intensifying Rwanda-DRC conflict could impact credit ratings negatively. Rwanda risks losing foreign aid, critical for its budget. DRC may experience stretched finances…
Former U.S. President Donald Trump disbanded the Department of Justice unit specializing in tracing and recovering multibillion-dollar loot from corrupt foreign leaders. Former U.S. President Donald Trump disbanded the Kleptocracy Asset Recovery Initiative The initiative was instrumental in cases like the 1MDB scandal and the recovery of funds traced to Nigerian ex-head of state, Gen…
Ethiopia is the largest USAID beneficiary in Africa, receiving $1.20 billion in aid. The Democratic Republic of Congo follows closely with the same amount of $1.20 billion. Business Insider Africa presents the 5 biggest USAID beneficiaries in Africa The list is based on data from U.S. Foreign Assistance and sourced via StatiSense Ethiopia is the…
