According to sources, Kenya could be at the receiving end of a $1.5 billion United Arab Emirates’ (UAE) loan by next week. Kenya may receive a $1.5 billion loan from the United Arab Emirates (UAE) next week. The loan aims to stabilize Kenya’s economic situation and raise its foreign reserves. UAE is expanding its influence…
The African Development Bank (AfDB) has released the names of five candidates cleared to contest its upcoming presidential election. The African Development Bank (AfDB) has announced five candidates cleared for the upcoming presidential election The election will determine the next leader of the AfDB and takes place on May 29, 2025 The list includes candidates…
Peace is one of humanity’s deepest desires, yet in a world of war, economic hardship, and political divides, it often feels just out of reach. While people everywhere yearn for safety, stability, and the chance to build better futures, the reality is that conflict continues to shape the lives of millions. Business Insider Africa presents…
The Government of Ghana has announced a 10% increase in the National Daily Minimum Wage (NDMW), raising it to GH¢19.97, effective 1st March 2025. Ghana’s National Daily Minimum Wage (NDMW) has been increased by 10% to GH¢19.97 The increase was announced by the National Tripartite Committee (NTC) in accordance with Section 113 (1) (a) of…
France has said it would retain 80 military personnel in Côte d’Ivoire as it hands over control of a military base in the commercial capital France is revising its military strategy in Africa, focusing on enhanced partnership with local armed forces France to retain 80 military personnel in Côte d’Ivoire for training purposes France faces…
The United States has imposed fresh sanctions on a top Rwandan government official due to the country’s alleged role in the escalating crisis in the Democratic Republic of Congo (DRC). US imposes sanctions on Rwandan official James Kabarebe for alleged role in DRC crisis Rwanda accused of supporting the M23 rebel group linked to conflict…
The prosperity gap in some African countries refers to the stark differences in economic well-being among African countries, regions, and social groups. These disparities are seen in GDP per capita, access to essential services, infrastructure development, and overall quality of life. Business Insider Africa presents the top 10 African countries with the most excess prosperity…
For countries looking to expand their industries, achieve sustained economic growth, and remain globally competitive, foreign direct investment (FDI) is essential. Business Insider Africa presents the countries with the largest FDI funding in 2023. This list is courtesy of the International Monetary Fund. The United States ranks number 1 on this list. In addition to…
Ghana will require billions of dollars to restore vast stretches of degraded land and polluted water bodies resulting from years of illegal mining activities. Ghana needs billions of dollars to restore degraded land and polluted water bodies from illegal mining activities The agency plans to enhance monitoring and enforcement mechanisms with the enactment of the…
Russia has intensified its engagement with Africa following the launch of its editorial center in Ethiopia. Russia launched its first large-scale, multi-functional editorial center in Ethiopia Russia aims to expand its influence in Africa through diplomatic, economic, and military strategies The media center plans to create content in Amharic, English, and establish a network of…
The tourism industry in Kenya, constituting one of the East African country’s primary sectors, is set for a major boost in the current fiscal year. Kenya’s tourism earnings projected to increase by 24% to $4.33 billion this year Kenya set to receive around 3 million tourists in 2025 based on current trends and government strategies…
The Office of the Special Prosecutor (OSP) has officially removed Ghana’s former Minister of Finance, Mr Ken Ofori-Atta, from its list of wanted persons. The Office of the Special Prosecutor removed Mr. Ken Ofori-Atta from the list of wanted persons Mr. Ofori-Atta had previously been declared a wanted fugitive from justice by the OSP He…
Nigeria’s central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. Nigeria’s central bank maintains benchmark interest rate at 27.50%. Inflation rate reported at 24.48% for January after a rebasing exercise. Investors will watch closely if CBN continues tough stance or starts easing up depending on inflation. Nigeria’s central…
About 600,000 Ghana Cards, already printed and ready for collection, remain unclaimed across various regional and district offices in Ghana, with some dating back to 2018. About 600,000 unclaimed Ghana Cards remain at various offices since 2018 NIA has received 700,000 blank Ghana Cards to address the backlog Newly acquired blank cards will be used…
The widespread use of petroleum products, such as Premium Motor Spirit (PMS) or fuel, has made them among the most consumed commodities globally, raising concerns about processing standards. Properly refined petroleum products are crucial to prevent damage to machines and engines Multiple challenges related to inadequate refineries and fuel adulteration exist, especially in Africa Sweden,…
N-Gas Limited has officially informed the Volta River Authority (VRA) of its decision to suspend gas supply to Ghana due to outstanding arrears. N-Gas Limited has informed VRA about the suspension of gas supply to Ghana due to outstanding arrears The suspension is in accordance with Clause 13.6(a) of the Takoradi Gas Sales Agreement, which…
The Nigerien government has restricted Nigerian travelers holding ECOWAS passports. Niger restricts Nigerian travelers with ECOWAS passports due to its withdrawal from the West African regional bloc The Alliance for Sahel States (AES) has replaced ECOWAS passports with new biometric passports for its member states The move may lead to challenges for citizens of Mali,…
The Democratic Republic of Congo (DRC) has reached out to Chad for military assistance in combating the escalating insurgency by the Rwanda-backed M23 rebels in its eastern provinces. DRC seeks military assistance from Chad to combat M23 rebels. M23 rebels have captured significant territories in North Kivu and South Kivu since January. Government representatives from…
Egypt, alongside Britain, in a joint Egyptian-British mission, has discovered a pharaonic royal tomb for the first time in a century, belonging to King Thutmose II. Egypt and Britain discovered a pharaonic royal tomb together, the first in a century. The tomb belongs to King Thutmose II and is located west of the Valley of…
Ghana’s National Health Insurance Scheme (NHIS) is grappling with severe financial shortfalls that are hindering progress in healthcare and weakening the protection of vulnerable groups. Ghana’s National Health Insurance Scheme is facing severe financial shortfalls The introduction of a capping law in 2017 limits the funds allocated to NHIS from the National Health Insurance Levy…
The African aviation market has experienced significant growth in recent years, driven by rising passenger traffic from international airlines, expanded route networks, and strategic partnerships. Business Insider Africa presents the international airlines with the largest African market The list is courtesy OAG aviation’s Data Insights on the World’s Major Airlines International airlines have expanded their…
Nigeria has taken legal action against cryptocurrency exchange Binance, demanding $79.5 billion in damages for alleged economic losses and an additional $2 billion in unpaid taxes. Nigeria has filed a lawsuit against Binance, seeking $79.5 billion in damages and an additional $2 billion in unpaid taxes. Binance faces charges of tax evasion, non-payment of VAT,…
Without submarines, a country’s naval power is greatly diminished, making its waterways open to attacks, intelligence lapses, and strategic disadvantages. Business Insider Africa presents the top 10 countries with the most submarines in 2025 This list is courtesy of Global Firepower. Venezuela ranks number 1 on the list. In naval combat, gathering data, and national…
Ukraine has relaunched its e-Visa program following a two-year suspension, and will allow travelers from 45 countries to submit their applications online. Ukraine relaunched its e-Visa program on February 17, 2025, allowing travelers from 45 countries to apply online The e-Visa system was suspended in 2022 due to the conflict with Russia The e-Visa program…
The Dangote Tomato Processing business is currently faced with the challenge of the cost of operation, and competition from substandard foreign products. Dangote Tomato Processing business facing challenges of high operational costs and competition from substandard foreign products. Concerns raised about government negligence leading to the deteriorating state of the plant and allowing importers to…
Nigeria as presently constituted has been taken off the list of countries restricted from participating in the global aviation leasing market. Nigeria has been removed from the global aviation leasing market’s blacklist. Individual airline operators in Nigeria can now directly deal with lessors to lease aircraft. Previously regarded as a risky market, Nigeria now has…
The British government has summoned a top Rwandan diplomat due to the ongoing crisis in the Democratic Republic of Congo. The British government has summoned a top Rwandan diplomat over the crisis in the Democratic Republic of Congo The conflict has resulted in significant loss of life, with at least 900 people killed in recent…
Millions of international students from Africa have, over the years, turned to the UK, Canada, and the United States for suitable and high-demand courses. International students from Africa prefer top destinations like Australia, Canada, Ireland, the UK, and the U.S. for high-demand courses Top three most searched courses reflect fields promising high employability, career advancement, …
In the third quarter of 2024, Nigeria spent more money exporting goods than importing, much like in the previous quarter. Business Insider Africa presents the top 5 products Nigeria spent the most money on, in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. Motor spirit ordinary ranks number…
The Minister of Youth Development and Empowerment, George Opare Addo, has assured the public that the betting tax will be abolished when the 2025 budget is presented. Minister of Youth Development assures abolition of betting tax in 2025 budget NDC government committed to fulfilling campaign promises and easing financial burden on bettors Efforts underway by…
Even politics and governance are not untouched by the power of prayer. In times of crisis, African leaders have called for national days of prayer, inviting their people to seek divine wisdom before making decisions that shape their nations. Business Insider Africa presents the top 5 African countries that pray the most. The list is…
Diesel prices in several African countries have been subject to both domestic and foreign market forces, resulting in price changes throughout the past month. Business Insider Africa presents the top 10 African countries with the lowest diesel prices in February 2025. This list is courtesy of data from GlobalPetrolPrices. Libya ranks number on the list.…
Dangote Refinery has announced the commencement of enhanced diesel production, meeting the Euro 5 standard. Dangote Refinery has started producing enhanced diesel meeting Euro 5 standards The Euro 5 standard sets strict limits on emissions for both gasoline and diesel engines, making it more environmentally friendly The refinery is expected to reach full operational capacity…
Nigeria’s headline inflation dropped to 24.48 per cent for January, according to the National Bureau of Statistics (NBS). Nigeria’s headline inflation dropped to 24.48% in January after the rebasing of the Consumer Price Index. The previous inflation rate for December was 34.80%, attributed to higher demand during the festive season. Inflation has risen due to…
The business world is dominated by those willing to take risks, and the Nigerian billionaire Aliko Dangote seems very familiar with this concept, as the Dangote refinery has had to contend with what he refers to as the “oil mafia”. Aliko Dangote considers building and running the Dangote refinery as the biggest risk of his…
An economist Professor Godfred Bokpin has cautioned that the economy of Ghana has deteriorated further since the country joined the International Monetary Fund (IMF) programme. He warned that President Nana Akufo-Addo’s plan to exit the programme in 2026 could destabilise the economy if done prematurely. Professor Godfred Bokpin warns that Ghana’s economy has worsened since…
Some African leaders have voiced concern that Russia may be deploying ex-convicts as mercenary forces to Africa, a move that could lead to an increase in violent crime rates across the continent. The concern stems from reports that many of the Russian mercenary forces currently being deployed to Africa were ex-convicts initially recruited to fight…
The cost of dining out in restaurants has a prevalent influence on social and economic dynamics in many African cities. Business Insider Africa presents the top 5 African cities where eating out is very expensive. This list is courtesy of Numbeo. Harare, Zimbabwe ranks number 1 on the list. For most individuals, eating out is…
Dr. Samuel Maimbo, a frontrunner for the African Development Bank (AfDB) presidency, has outlined his vision for higher rates of economic growth, infrastructure modernization, and regional integration in Africa. Aiming to become the second Zambian to lead the bank, he stresses the need to reduce reliance on foreign aid by mobilizing domestic resources and private…
South Africa is exploring new allies in its bid to expand nuclear power, with Russia and Iran emerging as possible partners. South Africa is considering Russia and Iran as potential partners for expanding nuclear power capacity. U.S. concerns over South Africa’s ties with Iran have escalated tension between the two countries. The previous agreement with…
Discussions about Africa’s wealthiest people occasionally revolve around the fact that the majority of the country’s high-net-worth individuals are Caucasian, as opposed to black billionaires. Business Insider Africa presents the top 5 richest black billionaires in Africa in 2025. This list is courtesy of Forbes’s recent billionaire index. Aliko Dangote ranks number 1 on the…
Late last year, the Dangote refinery shook Nigeria’s oil market by announcing a reduction in its petrol price. Dangote refinery announced reduction in petrol price in Nigeria last year. Fuel prices have fluctuated due to the price shift initiated by the refinery. Experts believe that fuel prices could drop, reducing the country’s inflation levels. Since…
According to the monthly report issued by the Organization of the Petroleum Exporting Countries (OPEC), oil production for some African countries increased in January compared to the previous month, however, this wasn’t the case for others. Business Insider Africa presents the top 5 African countries that produced the most oil for global consumption in January…
South African leader of the opposition party Economic Freedom Fighters (EFF), Julius Malema, has openly declared himself a “proud international criminal” in defence of his activism. Julius Malema, leader of the opposition party in South Africa, openly declared himself a ‘proud international criminal’ in defense of his activism He drew parallels between himself and Nelson…
Elon Musk, who has been a significant figure in the AI race, has promised to release what he believes to be the smartest AI, Grok 3. Elon Musk promises the release of Grok 3, the smartest AI on earth. Users accessed Grok 3 through X’s Grok chatbot software before access was taken away. Musk’s relationship…
Given how the relationships between several African countries and Western countries are falling apart, it begs the question of whether Russia’s relationship with its African partners would meet the same fate. Russian Foreign Ministry spokeswoman believes the relationship between Russia and African partners is unlikely to disintegrate. Russia has been gaining traction in Africa, particularly…
Aliko Dangote, Africa’s richest man, has announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia. Aliko Dangote plans to invest $400 million to revive a second production line at the Mugher cement plant in Ethiopia The Mugher plant has faced challenges, including regional violence and the…
Djibouti’s Minister of Foreign Affairs, Mahmoud Ali Youssouf, has been elected as the new Chairperson of the African Union Commission (AUC) for the 2025-2028 term. Mahmoud Ali Youssouf elected as Chairperson of the African Union Commission for 2025-2028 term Victory confirmed during 38th Ordinary Session of the African Union Assembly of Heads of State and…
Africa is home to some of the largest uranium reserves in the world. The top uranium-rich countries on the continent include Namibia, South Africa, and Niger. Business Insider Africa presents the African countries with the most uranium reserve. The list is courtesy of Statista. With an estimated 470,000 tonnes of uranium, Namibia is one of…
The Nigerian National Petroleum Company Limited (NNPC), faced with allegations of selling fuel far below the standard of Dangote’s refinery, has refuted such claims NNPC refutes allegations of selling sub-standard fuel products. Viral video suggested that NNPCL supplied substandard petrol, but it was contradicted by the group’s spokesperson. NNPC spokesperson noted that NNPCL filling stations…
Despite limited federal funding, some Nigerian states are prioritizing education as a strategic investment in securing the future of the nation’s children. Nigeria’s education budget allocation has declined from 10.75% in 2015 to 5.47% in 2025 The proposed 2025 budget allocates N6.13 trillion to education, making up 9.27% of the total national budget Top performers…
Philip Agbese, a member of the House of Representatives, has dismissed bribery allegations made against him by Binance executive Tigran Gambaryan. Philip Agbese challenges Tigran Gambaryan to present evidence or apologize within seven days. Agbese denies involvement in alleged bribery case related to Binance. He emphasizes that he has never engaged in cryptocurrency trading or…
Importers seeking to send goods to Nigeria are increasingly turning to other West African nations to evade excessive port charges. Importers are turning to other West African nations to avoid high port charges in Nigeria Clearing costs across Nigerian ports have surged, putting pressure on importers and businesses Manufacturers in Nigeria are pushing back against…
By integrating numerous levels of these security features, central banks make counterfeiting very difficult and expensive, lowering the likelihood of phony currencies circulation. Business Insider Africa presents the list of the hardest currencies to counterfeit in the world. This list is courtesy of BestBrokers. 100 Swiss Francs ranks number 1 on the list. The war…
A central bank’s Assets Under Management (AUM) are a key indicator of a country’s financial health and its economic strength. Assets Under Management (AUM) are a key indicator of a central bank’s financial health and economic strength AUM is used to stabilize currencies, manage inflation, and intervene in financial markets during economic crisis or instability…
The United States has been a key supporter of agricultural development in Africa, mainly through USAID. In 2024, Niger received the most U.S. agricultural aid, with $65.94 million, followed by Ethiopia at $63.14 million. Business Insider Africa presents the top 10 African countries that received the most U.S. foreign aid for agriculture in 2024. The…
Russia has finalized plans to establish its first naval base in Africa, solidifying its position alongside global powers like the United States and China. Russia has finalized plans to establish its first naval base in Africa The base is intended to serve as a logistics hub for Russian warships, including nuclear-powered vessels The Red Sea’s…
Like many other countries, Nigeria revels in the celebration of love commemorated on Valentine’s Day. Nigeria celebrates Valentine’s Day with gifts ranging from expensive jewelry to affordable items like flowers and chocolates. High inflation in Nigeria is making it difficult for people to afford presents for Valentine’s Day. Popular Valentine’s Day activities in Nigeria include…
As 2025 enters its second month, rising fuel prices are already weighing hard on some African countries, putting further financial burdens on governments, enterprises, and consumers. Business Insider Africa presents the top 10 African countries with the highest fuel prices in February 2025. This list is courtesy of GlobalPeterolPrices. The Central Africa Republic ranks number…
Nigeria has allocated $200 million in its 2025 budget to address shortfalls resulting from the United States’ suspension of aid, according to a Senate document reviewed by Reuters on Thursday. Nigeria allocates $200 million in 2025 budget to address aid suspension from the United States. Ghana is also scrambling to bridge $156 million funding gap…
Africa’s richest man, Aliko Dangote continues to advocate for Nigeria’s self-sufficiency as he extends his campaign to eliminate oil imports to the sugar business. Aliko Dangote aims to end sugar importation in Nigeria and has allocated $700 million to the cause. The company plans to explore opportunities in the manufacturing sector to replace imports, create…
In the third quarter of 2024, Nigeria spent more money importing goods, similar to how it did exporting products compared to the previous quarter. Business Insider Africa presents the top 5 countries Nigeria spent the most money on in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. China…
According to projections by the Global Cities Institute, the future belongs to Africa. By 2100, 13 of the world’s largest megacities will be on the continent, while India will claim three. Business Insider Africa presents the top 10 African cities among projected megacities by 2100. The list is courtesy of the World Economic Forum. Lagos,…
The Nigerian government has expressed dissatisfaction with the Canadian embassy’s decision to deny visas to its military officers. Nigeria expresses dissatisfaction with Canada denying visas to its military officers Nigeria’s Chief of Defense Staff, General Christopher Musa and senior army officials were denied visas to attend an event in Canada Canada has introduced new immigration…
Russia’s energy investment into African countries such as Algeria, Congo, and Tanzania, has caught the attention of its contemporaries as Equatorial Guinea hopes to get in the mix. Russia’s energy investment in African countries like Algeria, Congo, and Tanzania has attracted attention. Equatorial Guinea aims to join Russian partnerships in the energy sector. Partnerships involve…
Female researchers in Africa have made profound contributions across various fields, playing a crucial role in scientific advancements, social development, and policy influence. African female researchers have made significant contributions across various fields, despite systemic challenges Gender disparities in academia and research persist in Africa, with only 31.5% of researchers in Sub-Saharan Africa being women…
Namibia’s central bank governor has cautioned that rising tensions between the U.S. and South Africa could have a destabilizing effect on Namibia’s economy. Namibia’s central bank governor warns of destabilizing effect on the economy due to rising tensions between the U.S. and South Africa. Namibian dollar is pegged to the South African rand, making it…
China and European Union member countries have pledged their support for South Africa following the recent sanctions announced by the United States. China and E.U. express support for South Africa U.S. imposed sanctions due to disagreement over South Africa’s land reform policies European Union pledges readiness to strengthen ties and support South Africa’s leadership of…
The Democratic Republic of Congo (DRC) has challenged Rwanda’s bid to host the Formula 1 Grand Prix, urging the host to terminate discussions. DRC is challenging Rwanda’s bid to host the Formula 1 Grand Prix DRC warns that Formula 1 risks having its brand ‘smeared by a blood-stained association’ if it allows Rwanda to host…
While some governments opt to spend less money on defense in favor of other sectors such as healthcare, education, and infrastructure, a chronically low military budget can expose a country to major threats. Business Insider Africa presents the top 10 countries with the cheapest militaries in 2025. This list is courtesy of Global Firepower. Bhutan…
A newly released ranking of airline on-time performance (OTP) for January 2025 has identified EgyptAir as one of the least punctual carriers during the period. Business Insider Africa presents the least punctual airlines in January 2025 The ranking is courtesy OAG Aviation An African carrier, EgyptAir was identified as one of the most delayed airlines…
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…
The highly anticipated Africa Energy Bank (AEB) is set to launch in the first quarter of 2025, according to Nigeria’s Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri. Africa Energy Bank (AEB) to launch in first quarter of 2025 Aims to finance oil and gas projects and support Africa’s energy transition with a $120…
The approved tariff increase is expected to help mitigate the effects of macroeconomic challenges and support the company’s financial stability. MTN implemented a price hike on internet plans following NCC approval of a 50% tariff increase. Telecom providers in Nigeria, including MTN, have long advocated for price adjustments to align with economic realities. The approved…
As of 2024, several African countries remain deeply impacted by corruption, which affects their citizens’ lives and hampers economic development. Business Insider Africa presents the 10 most corrupt African nations The list is courtesy Transparency International’s CPI 2024 report Lowest scores were reported in Somalia, South Sudan and Libya Countries struggling with high corruption levels…
Mali has introduced new taxes on mobile voice calls and mobile money withdrawals to help fund its fight against an ongoing Islamic insurgency threatening parts of the country. Mali introduces new taxes on mobile voice calls and mobile money withdrawals to fund fight against Islamic insurgency. 10% tax on mobile recharge for calls and 1%…
The announcement comes after US President Donald Trump froze all aid to South Africa due to the country’s new land expropriation law and its allegations of genocide against Israel. The United States has announced a waiver allowing certain health programs to continue in South Africa. The waiver will ensure the continuation of HIV care and…
For the past few years, Russia has been rapidly expanding its footprint in Africa. Russia is prioritizing its expansion in Africa. Russia recently added Nigeria, Tunisia, and Ethiopia to its currency trading list and plans to trade with Tanzania in local currencies. Russia’s relationship with Africa is based on friendship, non-interference, lack of double standards,…
Kenya’s economy is set to experience some relief as the Kenyan Central Bank (CBK), has decided to enforce the implementation of the country’s current interest rate. Kenyan Central Bank enforces implementation of current interest rate. Kenya Commercial Bank (KCB) reduces lending rate from 15.6% to 14.6%. CBK puts pressure on banks to lower rates, initiates…
In a surprising move for Silicon Valley’s tech ecosystem, Sam Altman, CEO of OpenAI, has openly rejected a $97 billion bid from Elon Musk to acquire the AI company. Sam Altman rejected a $97 billion bid from Elon Musk to acquire OpenAI Elon Musk wants OpenAI to return to its open-source, safety-focused roots Altman rejected…
The Department of Government Efficiency (DOGE), established under the Trump administration and spearheaded by Elon Musk has blocked funding for Liberia. The Elon Musk-led DOGE has cancelled a $17 million project to provide tax policy advice to Liberia The cancellation is part of DOGE’s mission to reduce government waste and increase the efficiency of U.S.…
A political clash is brewing in South Africa following Donald Trump’s sanctions on the country over its land reform policies. Donald Trump imposed sanctions on South Africa over its land reform policies The sanctions led to heated exchanges between South African political parties, billionaire Elon Musk, and white minority groups Tensions have risen due to…
Affordability, as the years go by has become more of a primary concern for citizens in many African cities, as they attempt to strike a balance between their income and living expenses. Business Insider Africa presents the top 5 African cities with the most affordable housing in 2025. This list is courtesy of Numbeo. Pretoria…
Africa’s crypto adoption continues to grow, increasing from 40.1 million to 43.5 million users, an 8.5% rise. But despite this steady climb, the continent has faced regulatory roadblocks. Business Insider Africa presents the top 10 African countries with the highest crypto ownership. The list is courtesy of Triple-A and sourced from Statisense. Africa’s crypto adoption…
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…
U.S. President Donald Trump has frozen aid to South Africa over a controversial land expropriation law making it easier for the state to expropriate land in the public interest. U.S. President Donald Trump has frozen aid to South Africa over a controversial land expropriation law. South African President signs law to make it easier for…
With a growing population in many African countries and increased life expectancy, a solid pension system is essential not just for retiree well-being, but also for governments’ long-term economic stability. Business Insider Africa presents the top 10 African countries with the most deficient pension situation This list is courtesy of the Absa Africa Financial Markets…
Pollution in many regions and Africa most especially, leads to complex issues that go beyond environmental concerns, affecting both public health and overall productivity. IQAir live report ranks African cities by Air Quality Index (AQI), highlighting the severity of air pollution in these regions The WHO reports that 2.4 billion people face hazardous household air…
To maintain economic stability, geopolitical influence, and national security, a country’s defense budget is very pivotal. Business Insider Africa presents the top 10 countries with the most expensive militaries in 2025. This list is courtesy of Global Firepower. The United States ranks number 1 on the list. A well-funded military is crucial for preserving sovereignty,…
Countries are often added to the Financial Action Task Force (FATF) grey list due to deficiencies in their anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. 24 countries are listed on the FATF grey list as of February 2025 Grey listing can lead to significant economic and reputational damage for countries Some African countries, such…
Russia and Ethiopia are looking into the viability of trading in their local currencies, as well as bolstering their already budding bilateral relations. Russia and Ethiopia are exploring the possibility of trading in local currencies to strengthen bilateral relations. Ethiopia and Russia aim to cut transaction costs and economic uncertainty by using their currencies for…
FlySafair, South Africa’s largest airline, stands out as the only African airline featured in Cirium’s latest “Most On-Time Airlines” rankings, at the regional level (Middle East and Africa). FlySafair ranked first in Cirium’s ‘Most On-Time Airlines’ for the Middle East and Africa region with a 93.82% on-time performance rate. The airline demonstrated a remarkable 97.14%…
Moroccan authorities prevented 78,685 migrants from attempting to enter the European Union illegally in 2024, marking a 4.6% increase from the previous year. Moroccan authorities prevented 78,685 migrants from attempting to enter the European Union illegally in 2024. Morocco and Spain have strengthened their cooperation to combat irregular migration since 2022 Years of armed conflict,…
A new report reveals that numerous breaches have occurred in personal online accounts, particularly in email accounts, between 2004 and 2024. Between 2004 and 2024, numerous breaches occurred in personal online accounts, particularly in email accounts In 2024 alone, over five billion accounts were compromised, a sharp rise from 730 million in 2023 South Sudan…
Known for its vast landscapes, cultural diversity, and vibrant ecosystems, Africa offers some of the most unforgettable travel experiences. Morocco and Botswana are ranked among the 25 best places to visit in 2025. Africa is fast becoming a popular destination for global travelers. Morocco and Botswana are ranked among the 25 best places to visit…
One important measure of financial accessibility in African cities is a high loan affordability index, concerning the payment of mortgage. Business Insider Africa presents the top 5 African cities that offer the best transition rates from mortgage to home ownership. This list is courtesy of data from Numbeo. South Africa’s Pretoria ranks number 1 on…
The Senegalese government is seeking to redefine its long-standing relationship with its former colonial rulers, the French, by renaming public places. The Senegalese government aims to rename public places named after French colonial figures Many streets and buildings in Senegal still bear the names of colonial administrators and French figures New president Bassirou Diomaye Faye…
As part of its 20th-anniversary celebrations, Google has released a list of the most searched locations in Nigeria. Google released a list of the most searched locations in Nigeria for its 20th-anniversary celebrations Google Maps has provided directions covering over 1 trillion KM and mapped more than 250 million businesses and places The top reviewed…
US Secretary of State Marco Rubio says he will not attend the G-20 summit in South Africa scheduled for February 20-21, citing concerns over South Africa’s newly enacted land-expropriation law. Marco Rubio will not attend the G-20 summit in South Africa due to concerns over the newly enacted land-expropriation law. Donald Trump has also criticized…
The United States government has issued a travel advisory for its citizens in the Democratic Republic of the Congo (DRC) amid the ongoing crisis. Conflict in eastern DRC has escalated, displacing over 480,000 people The United States issued a Level 4 travel advisory for the Democratic Republic of the Congo (DRC) The Embassy has shut…
Given Zimbabwe’s extensive loan to China, and the West’s reluctance to do business with the Southern African nation, the country has been handed an olive branch by the United Arab Emirates (UAE). The UAE has become Zimbabwe’s largest trade partner since 2022. The UAE has invested $1.4 billion in real estate and gold trading in…
Almost a dozen Ugandan government officials have been detained owing to their alleged affiliation with a major financial crime. 9 Ugandan officials detained due to alleged involvement in major financial crime. Connection to hacking of central bank’s electronic systems and theft of 62 billion shillings ($16.87 million). Highest-ranking officer in the ministry’s Treasury division among…
The Dangote Refinery, has strengthened its position in the petroleum industry with the export of two cargoes of aviation fuel to Saudi Arabia. Dangote Refinery exported two cargoes of aviation fuel to Saudi Aramco Dangote’s aviation fuel now accounts for at least two-thirds of Nigeria’s supply and nearly half of West Africa’s consumption The refinery’s…
More details have emerged following Elon Musk’s discussions with South African President Cyril Ramaphosa amid rising tensions over the country’s land reform policies. Elon Musk spoke with South African President Cyril Ramaphosa about land ownership policies The phone call aimed to ease tensions between South Africa and the United States over the land expropriation law…
With a growing population in numerous African countries and rising life expectancy, having a strong pension system in place is critical not just for retiree well-being, but also for governments’ long-term economic stability. Business Insider Africa presents the top 10 African countries with the best pension fund development. This list is courtesy of the Absa…
South Africa’s largest airline, FlySafair, has been given a year to reduce its foreign shareholding, or it risks having its license suspended. FlySafair has been given a year to reduce its foreign shareholding to comply with regulations. The airline risks license suspension if it fails to meet the 12 months deadline. At least 75% of…
Rwanda may be facing a significant economic setback as the European Union (E.U) has received a request to nullify its mineral partnership deal with the East African country. The European Union has received a request to nullify its mineral partnership deal with Rwanda Rwanda is accused of increasing its military presence in Congolese territory and…
Niger continues to make major advances as it plans to establish multiple airlines, following plans to implement a biometric passport system with Burkina Faso and Mali. Niger plans to establish multiple airlines, including a national airline and one for the Alliance of Sahel States. The Minister of Transportation and Equipment emphasized the goal of facilitating…
Ukraine is exploring the possibility of establishing a logistics hub in Egypt to facilitate the supply of its agricultural products to the region, Agriculture Minister Vitaliy Koval announced on Tuesday. Ukraine is exploring the possibility of establishing a logistics hub in Egypt. The hub aims to facilitate the supply of Ukrainian agricultural products to the…
South African President Cyril Ramaphosa spoke with Elon Musk regarding misinformation about South Africa, the presidency announced on Tuesday. Elon Musk accused South Africa of enforcing ‘openly racist ownership laws’ and implied targeting of white people. Ramaphosa and Musk spoke to address ‘issues of misinformation and distortions’ regarding the country. South Africa’s land reform policy…
Switzerland has announced the termination of its development aid program to Eritrea, citing persistent challenges in repatriating rejected asylum seekers. Switzerland has terminated its development aid program to Eritrea Eritrea’s refusal to accept deported nationals has caused frustration in Swiss-Eritrean relations Switzerland’s decision to end aid raises questions about the effectiveness of foreign aid in…
Nigeria’s external reserve saw a loss of $1.19 billion in just 3 weeks after the country had recorded a high of $40.920 billion on the 6th of January 2025. Nigeria’s external reserve declined by $1.19 billion in 3 weeks. Gross external reserves dropped to $39.723 billion by January 31st. Financial Derivatives Company predicts a further…
The Eastern Congo rebel coalition, which includes the M23 group, has announced a ceasefire for humanitarian reasons, yielding to international pressure to halt the escalating conflict. The Eastern Congo rebel coalition, including the M23 group, has announced a ceasefire for humanitarian reasons. The ceasefire is set to take effect on February 4, and the group…
The Absa Africa Financial Markets Index reported significant market developments in 2024. In Africa, South Africa tops the list for foreign exchange accessibility, scoring 87 out of 100. Business Insider Africa presents the top 10 African countries with easy access to foreign currency. The list is courtesy of Absa Africa Financial Markets Index. Among African…
The reputation of Volodymyr Zelenskyy, Ukraine’s president, may be at stake as the country’s presidential elections could become a reality. Zelenskyy’s presidency may be at stake if presidential elections are held due to martial law. Ukraine declared martial law following Russia’s invasion in February 2022. The U.S. and Russia are urging Ukraine to hold elections,…
Ghana’s economy, one month into its current administration under its new president, John Mahama, has recorded some marginal gains, specifically in its inflation rate. Ghana’s consumer inflation decreased from 23.8% in December to 23.5% in January year-over-year. Slowing in non-food inflation contributed to the decline while food prices continue to rise. The inflation rate of…
The Congolese government, alongside U.N. officials and Western powers, including the United States, has accused neighbouring Rwanda of exacerbating the conflict by deploying thousands of troops and heavy weaponry in support of M23. Rwandan President Paul Kagame denies knowledge of Rwandan troops operating in eastern DRC. UN experts estimate 3,000 to 4,000 Rwandan soldiers are…
Nigeria’s upstream oil regulator announced on Monday that oil producers who fail to meet their required supply quotas to local refineries, including the massive Dangote Refinery, will be denied export permits. Oil producers failing to meet supply quotas to local refineries will be denied export permits. Domestic crude supply obligation ensures local energy needs are…
A global ranking assessing countries’ digital well-being has highlighted the state of digital quality across African nations. Business Insider Africa presents 10 African countries with best digital quality of life The ranking is courtesy of the 2024 Surfshark Digital Quality of Life Index South Africa, Morocco, and Mauritius led the ranking reflecting challenges in internet…
A transparent financial market in Africa relies on multiple key factors, including macroeconomic stability. The Absa Africa Financial Markets Index reported significant market developments in 2024 The report highlighted the importance of ESG reviews and credit ratings in improving Africa’s financial markets The African countries with the most transparent financial markets during the period include…
With billions of barrels lying beneath the land and offshore, oil is one of Africa’s biggest money-makers. Morocco has the smallest proven oil reserves in Africa, with just 684,000 barrels, placing it 94th globally. Business Insider presents the top 10 African countries with the smallest proven oil reserves in 2025 The list is courtesy of Global…
Africans face significant challenges related to fraud and identity documents, which impact governance, financial systems, and social services. Identity theft and document forgery are significant challenges in Africa Weak identification systems in many African countries make it easier for fraudsters to manipulate official records Biometric fraud remained the most prevalent fraud type in 2024, while…
Tech billionaire Elon Musk sparked widespread debate on social media after accusing South Africa of having “openly racist ownership laws”. Elon Musk accused South Africa of having ‘openly racist ownership laws’ in response to a tweet by President Cyril Ramaphosa. President Donald Trump announced the U.S. would halt aid to South Africa over its land…
The Dangote Refinery took a bold step over the weekend: a considerable price reduction for Premium Motor Spirit (PMS), commonly referred to as petrol. Dangote Refinery reduced petrol price from N950 to N890 per liter Reduction in response to favorable global energy sector and decrease in international crude oil prices Marketers wary of challenges and…
The Kremlin has expanded the list of African friends whose banks may now trade currencies in Russia. These additions include Nigeria, Tunisia, and Ethiopia. Russia expanded the list of African countries eligible for currency trading in Moscow to include Nigeria, Tunisia, and Ethiopia. The total number of countries allowed for currency trading in Russia has…
Following Trump’s remarks, the South African rand dropped nearly 2% against the dollar in early Asia trading. U.S. President Donald Trump announced the halt of aid to South Africa due to its land expropriation policies. Trump claimed that ‘certain classes of people’ in South Africa were being treated ‘very badly’ without providing evidence. Trump’s comments…
The Democratic Republic of Congo has condemned the sponsorship agreement between major football clubs and the Rwandan government. DR Congo condemns sponsorship deal between football clubs and Rwandan government Rwanda has sponsorship deals with Arsenal, Paris Saint-Germain, and Bayern Munich, as well as a partnership agreement with NBA Africa Congo’s Foreign Minister urges Arsenal, Bayern…
The mining of manganese in Gabon significantly boosted the Central African country’s revenue in its previous fiscal year. Gabon’s revenue significantly boosted by manganese mining in 2024. Manganese necessary for manufacturing steel and batteries. Gabon’s manganese mining revenue grew by 5.8% from September 2023 to over $1 billion by 2024. In 2024, Gabon saw a…
U.S. forces conducted airstrikes in Somalia on Saturday, targeting a senior Islamic State attack planner and other militants, resulting in multiple casualties, President Donald Trump announced. U.S. forces conducted airstrikes in Somalia targeting senior Islamic State attack planner and other militants. The strikes were aimed at destroying caves and killing terrorists without harming civilians. The…
Under the AfDB’s plan, countries would pool a pre-agreed amount of their proven critical mineral reserves, allowing local currencies to be converted at an agreed rate. African Development Bank is proposing a new currency system backed by critical minerals. Concept aims to leverage Africa’s vast critical mineral reserves and increase energy investments. New currency system…
Oli marketers in Nigeria are now lifting petroleum products from other local refineries outside of the Dangote Refinery. Marketers in Nigeria are now lifting petroleum products from local refineries outside of the Dangote Refinery. Port Harcourt and Warri refineries are in full swing with PETROAN members loading their trucks there. The resurgence of refineries is…
Despite Nigeria’s efforts to increase local production of petroleum products, over five billion liters of PMS and diesel were imported within a four-month period. Nigeria imported over 5 billion liters of PMS and diesel within a four-month period Efforts to increase domestic refining capacity have not reduced Nigeria’s reliance on fuel imports Dangote Group is…
The ongoing conflict between Rwanda and the Democratic Republic of Congo (DRC) has seen notable developments, with Southern African leaders making efforts to address the crisis. The conflict between Rwanda and the Democratic Republic of Congo (DRC) has seen notable developments Southern African Development Community (SADC) reaffirmed its commitment to supporting the DRC in its…
Ghanaian administrators erupted into a frenzy late Thursday night after a committee meeting went off the rails. Ghanaian parliamentary meeting turns violent and chaotic Dispute arose during vetting of new ministerial appointments Committee members accused of dragging out the process to settle political scores Reports indicated that the parliamentary members of the West African country…
In Rwanda, for example, an impressive 96 per cent of people living with HIV are now receiving antiretroviral therapy (ART). Business Insider Africa presents the top 10 African countries with the highest percentage of people receiving antiretroviral therapy (ART). The list is courtesy of Statista. In Rwanda, for example, an impressive 96 per cent of…
According to the World Health Organization (WHO), which just sent its congratulations, Niger has gone down as the first African country to stop the transmission of Onchocerca volvulus, commonly known as river blindness. Niger becomes the first African country to eliminate transmission of river blindness. It is also the fifth country in the world to…
South Africa is gearing up to secure a spot on the Formula 1 calendar, with plans to raise $50 million to fund its bid to host the prestigious race. South Africa is working to secure a spot on the Formula 1 calendar for 2027. The country aims to raise $50 million for the bid through…
Johannesburg’s OR Tambo International Airport (JNB), the only airport in Africa offering regularly scheduled nonstop passenger flights to all six inhabited continents. Johannesburg’s OR Tambo International Airport is the only airport in Africa offering scheduled nonstop passenger flights to all six inhabited continents. The airport is the busiest in sub-Saharan Africa and serves as a…
A low population reaching military age has a direct influence on a country’s capacity to sustain a strong and well-staffed military, including within Africa. Business Insider Africa presents the top 10 African countries with the fewest number of potential soldiers. This list is courtesy of Global Firepower. Nigeria ranks number 1 on the list. While…
The escalating violence in the Democratic Republic of Congo has drawn the attention of the United Kingdom, which is now threatening to withhold aid from Rwanda. The UK threatens to withhold funding from Rwanda due to its involvement in the escalating conflict in DRC Rwanda receives over $1 billion in global aid annually from the…
France has handed over its last military base in the West African country of Chad to the locals. France has handed over its last military base in Chad to the Chadian government. Chad has chosen to cut its involvement with Western powers and ended a military pact with France. The Chadian National Army is ready…
Rwanda appears to be in a heated race to host the Formula 1 Grand Prix, 30 years after it was last held on African soil. Rwanda and South Africa are competing to host the Formula 1 Grand Prix after 30 years in Africa. Rwanda is constructing a track designed by former F1 driver Alexander Wurz,…
Switzerland has joined the United States in reevaluating its foreign aid investments, announcing an end to development programs in three nations. The Swiss government will reduce funding for foreign aid, impacting various aspects of international cooperation Switzerland is ending development programs in three nations including Zambia, as part of budget cuts Humanitarian aid, peacebuilding efforts,…
Africa is on the brink of a labour market revolution. By 2030, more than 375 million young people will be employed in the job market in Africa, and this demographic boom is expected to increase to more than a billion people in the next decade. Africa is facing a labor market revolution with the employment…
South Africa, in particular, stands out as the country with the highest number of people living with HIV in Africa. In 2023, 7.7 million South Africans were living with the virus. It also received the highest HIV/AIDS assistance in 2024, totaling $250 million. Business Insider Africa presents the top 10 African countries with the highest…
Every year, rankings of the world’s best cities spark debates, inspire travel plans, and, let’s be honest, give residents some serious bragging rights. Cape Town, South Africa, claimed the top spot on TimeOut’s list of the 50 best cities in the world for 2025. Business Insider Africa presents the African cities ranked among the world’s…
Nigeria’s petrol imports have reached their lowest level in eight years, as the country’s new mega-refinery reduces reliance on foreign suppliers and strengthens fuel independence. Nigeria’s petrol imports reach lowest level in 8 years due to new mega-refinery reducing reliance on foreign suppliers. Imports averaged around 110,000 barrels per day, predominantly from Europe. Refinery disrupts…
The United States has pledged to maintain funding for life-saving humanitarian assistance during a 90-day pause in foreign aid. The United States pledges to maintain funding for life-saving humanitarian assistance Secretary of State Marco Rubio announces an ‘Emergency Humanitarian Waiver’ to ensure continued access to HIV treatment The waiver includes assistance for core life-saving medicine,…
The ongoing investment boom and the continued migration from rural to urban areas have been key drivers of Africa’s real estate growth. Africa’s real estate growth driven by investment boom and urban migration Africa’s real estate market poised to reach US$17.64 trillion by 2025 Countries like Mauritius, Seychelles, Egypt, Namibia, South Africa, and Rwanda offer…
A conservative country is one where traditional values and social norms hold significant sway over daily life. Eritrea ranks as the most conservative African country with a score of 0.01, followed by Equatorial Guinea at 0.05. Business Insider Africa presents the top 10 most conservative African countries. The list is courtesy of Wise Voter. Eritrea…
On January 20, 2025, Donald Trump was sworn in as the 47th President of the United States for a second term, with the promise of putting America first. Business Insider Africa presents the top 10 African countries with the most citizens deported from the U.S. under Biden. This list is courtesy of the Immigration and…
Niger, Mali, and Burkina Faso, the three military-led West African nations, have officially withdrawn from the Economic Community of West African States (ECOWAS). Niger, Mali, and Burkina Faso have officially withdrawn from ECOWAS. The withdrawal process was complicated, involving economic penalties and diplomatic pressure from Western governments. Their departure has raised questions about the future…
Citizens of the Democratic Republic of Congo have taken to the streets in protest against the ongoing offensive by the M23 rebel group in the country’s eastern region. Angry protesters targeted foreign embassies in Kinshasa, looting and setting some on fire The embassies of France, Belgium, Rwanda, Uganda, Kenya, and the United States were among…
A private equity firm backed by Aliko Dangote is set to enter Kenya’s food and beverage market with the acquisition of Java House, a leading Kenyan coffee chain. Aliko Dangote backed private equity firm is set to enter Kenya’s food and beverage market through the acquisition of Java House. The acquisition is backed by Alterra…
Given Africa’s enormous geopolitical size and varied geography, a small helicopter fleet can provide serious difficulties for some African countries. Business Insider Africa presents the top 10 African countries with the fewest helicopters in 2025. This list is courtesy of Global Fire Power. Somalia ranks number 1 on the list. A nation’s defense, humanitarian endeavors,…
The Nigerian government has announced the deportation of 828 illegal immigrants from the country in 2024. The Nigerian government deported 828 illegal immigrants in 2024 for various immigration infractions Terrorists from neighboring Niger Republic have exacerbated humanitarian crises around the northern Nigerian states Previous deportations included illegal migrants from Niger, India, and the Democratic People’s…
The price of groceries in several African countries has emerged as a key indicator of household stability. Business Insider Africa presents the top 10 African countries with the most affordable groceries at the start of 2025. This list is courtesy of Numbeo. Egypt ranks number 1 on the list. Cheap groceries are more than just…
African countries with minimal IMF debt demonstrate the benefits of careful financial management and diverse economic strategies. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF at the start of 2025. This list is courtesy of data from the International Monetary Fund. () ranks number 1 on the…
The Global Talent Competitiveness Index (GTCI) ranks Mauritius as the top African nation in vocational and technical skills, achieving a 54.09% rating. Egypt follows in second place with 52.35%, while Mauritania takes third with 40.2%. Business Insider Africa presents the top 10 African countries with the best vocational and technical skills. The list is courtesy…
The effort to rid Africa of terrorist groups is gaining momentum as INTERPOL continues to dismantle cells across the continent. INTERPOL is making progress in dismantling terrorist cells in Africa 37 members linked to major terrorist organizations were arrested in a large-scale raid across eight East African countries The operation aimed to reinforce border security…
Libya, despite enduring political instability, holds the largest oil reserves in Africa, with 48.36 billion barrels, ranking 9th globally according to Global Firepower. Known for its high-quality, low-sulfur crude, Libya’s oil is in high demand on international markets. Business Insider presents the top 10 African countries with the largest proven oil reserves in 2025 The…
Kenyan President William Ruto, a strong advocate for African Union (AU) institutional reforms, stated yesterday that ongoing conflicts are causing Africa to lose $18 billion annually. The ongoing conflicts in Africa are causing the continent to lose $18 billion annually. There were 1,000 terrorism incidents between April and June 2024, resulting in 4,818 deaths across…
Troops from the Democratic Republic of Congo (DRC) and Rwanda have reportedly exchanged fire along their shared border in the eastern city of Goma. This escalation has deepened an already dire humanitarian crisis in a region scarred by two devastating wars between 1996 and 2003. Troops from DRC and Rwanda have reportedly exchanged fire along…
For the second month in a row, Ghana has decided to retain its interest rate, as it attempts to mitigate inflationary pressures. Ghana maintains interest rate at 27% for second consecutive month. Inflation profile remains high due to elevated food prices caused by adverse weather and supply-chain weaknesses. New administration’s tightening of fiscal policy expected…
Liquefied Petroleum Gas (LPG), sometimes known as cooking gas, is essential to the lives of millions of people across the globe. Business Insider Africa presents the top 10 countries with the lowest cooking gas prices at the start of 2025. This list is courtesy of GlobalPetrolPrices. Algeria ranks number 1 on the list. This fuel’s…
Trump’s directive to deport millions of illegal immigrants, including those with removal orders, is expected to affect many African immigrants without legal status. ICE raids under Trump’s leadership has resulted in a significant number of arrests Over 41,000 African citizens have been placed on ICE’s Final Orders of Removal list Somalia, Mauritania, and Nigeria had…
President Donald Trump’s return to the political stage has reignited fears of mass deportations among immigrants in the United States. Business Insider Africa presents African countries that topped US immigration deportation list in 2024 The list is courtesy of The US ICE Annual Report 2024 African countries like Senegal, Mauritania, and Nigeria topped the list…
Oil marketers have announced that the landing cost of Premium Motor Spirit (petrol) stood at ₦922.65 per litre as of Friday. Landing cost of petrol in Nigeria has decreased to ₦922.65 per litre. Dangote Refinery faces challenges in matching the affordability of imported alternatives. Global crude oil prices are driving the recent increase in the…
Niger has leveled new charges against France, accusing the European country of deploying the trojan horse technique to destabilize the country. Niger accuses France of using Trojan horse technique to destabilize the country. France’s relationship with Niger worsened after a coup and attacks on the French embassy. France in the last 2 years has closed…
Ghana in 2024, hit a record-high trade surplus amounting to $5 billion, as a result of its gold trade. Ghana achieved a record-high trade surplus of $5 billion in 2024 due to its gold trade. Gold shipments from Ghana rose by more than 50% to $11.6 billion in 2024. The positive trade balance could help…
The African Development Bank (AfDB) has launched initiatives to alleviate the challenges faced by certain African countries grappling with the persistent crisis of hazardous chemicals. The AfDB has launched initiatives to address hazardous waste challenges in African countries The AfDB approved a $21.3 million initiative targeting hazardous chemicals in 11 Least Developed Countries (LDCs) in…
Cuba’s long-time African friend Namibia, has expressed concern over one of Donald Trump’s America-first-driven policies. Trump reverses decision to take Cuba off the list of states that promote terrorism and reintroduces Cuba Restricted List. SWAPO party of Namibia calls the action illegal and unjustifiable. Namibia reaffirms its unwavering support for Cuba and opposes the economic…
Nigerian universities continue to make important contributions to education, but there is still a lot of potential for growth and improvement on the international stage. Business Insider Africa presents top 10 best universities in Nigeria in 2025. The list is courtesy of Times Higher Education 2025. Nigerian universities continue to make important contributions to education, but…
Choosing a car brand involves making informed decisions amidst a multitude of technologies and design options presented by manufacturers. Business Insider Africa presents the 10 most valuable car brands in 2025 The ranking is courtesy Brand Finance Global 500 Report Toyota Motor Corporation leads with a valuation of $64.7 billion, followed by Mercedes-Benz and Hyundai…
Each year, the U.S. sends billions of dollars in foreign aid to promote global stability, national security, and economic interests. A big chunk of that money goes to Africa, funding programs that tackle health issues, food shortages, energy access, and economic growth. The U.S. State Department issued a ‘stop-work’ order on foreign assistance, halting existing…
Kenya’s escalating political tension has had a detrimental impact on its economy, prompting investors to withdraw their funds to mitigate potential losses. Escalating political tension in Kenya has caused foreign investors to withdraw a substantial amount of funds The stability of the Kenyan shilling failed to reassure investors, leading to a dramatic increase in capital…
Lakurawa is a new militant group which carries out attacks, targeting local communities in north-western Nigeria and across the border with Niger. A federal court in Nigeria has designated Lakurawa group as a terrorist organization. The military has been granted authority to deploy maximum force against the group in the northwest. Lakurawa carries out attacks…
In November 2024, Uganda disclosed that it was trying to ink a nuclear deal with Russia, given Russia’s nuclear expansion in Africa, in the last few years. Uganda is in talks with Russia to build a nuclear power plant. A memorandum of understanding for nuclear energy was signed between Uganda and Russian state enterprise Rosatom…
The Federal Government’s plans to restructure Value Added Tax (VAT) revenue-sharing in Nigeria have sparked both support and criticism. Plans to restructure VAT revenue-sharing in Nigeria has sparked both support and criticism The reform seeks to equitably distribute revenues and offer tax exemptions for small businesses and individuals Analysis shows significant disparities in the redistribution…
Gabon’s Council of Ministers announced on Wednesday that the country will hold presidential elections on April 12, 2025. There are concerns about the fairness of the election process, as an exception has been made for interim President General Brice Oligui Nguema to run for president. Gabon will hold presidential elections on April 12, 2025, ending…
Africa’s locally-made vehicle manufacturing industry is progressing, fueled by urbanization, a growing middle class, supportive policies, and expanded trade. Nigeria ventured into manufacturing military-grade vehicles through its Defense Industries Corporation (DICON) Nigeria has showcased military-grade vehicles to support the federal government’s efforts against insecurity Some indigenous companies – Imperium Industries, Proforce, Epail, and Innoson are…
In Africa, Egypt leads with 100 attack helicopters, ranking 7th globally. Following Egypt, Algeria comes in with 74 helicopters, placing it 9th globally. Business Insider Africa presents the top 5 African countries with the largest attack helicopters fleet in 2025. In Africa, Egypt leads the pack with 100 attack helicopters, ranking 7th globally. The list…
Nigerian-American billionaire Adebayo Ogunlesi recently experienced a significant spike in his net worth a few days after becoming a part of the Open AI team. Adebayo Ogunlesi’s net worth spiked from $1.7 billion to $2.3 billion after joining Open AI. His significant increase in wealth is attributed to his investment portfolio worth over $1.8 billion.…
Sensitive content that made its way online has resulted in a social media ban, in South Sudan, following a series of violent incidents. Social media ban imposed in South Sudan following release of sensitive content. Videos showing purported murders led to rioting and violent incidents. Mobile providers instructed to block access to Facebook, TikTok, and…
Skin bleaching has a long history in Africa, dating back to the transatlantic slave trade and European colonization. Skin bleaching has a long history in Africa, tied to transatlantic slave trade and European colonization Despite bans, skin bleaching remains a public health issue in Africa Skin bleaching prevalence in Africa ranges from 25% in Mali…
The Alliance of the Sahel States’ (AES) proposal to adopt biometric passports for member nations including Mali, Burkina Faso, and Niger may go into effect by the end of the month. The Sahel States’ Alliance plans to adopt biometric passports for member nations including Mali, Burkina Faso, and Niger by January 29, 2025. The introduction…
The mobile money industry has transformed financial services in Africa, granting millions access to financial inclusion and bridging the gap for the unbanked population. The mobile money industry has transformed financial services in Africa Sub-Saharan Africa accounted for a significant portion of global mobile money transactions, with USD 912 billion Four African countries emerged at…
Gold reserves play a vital role in African central banks’ foreign exchange reserves, providing a safety net during economic uncertainty. Gold reserves are crucial for African central banks’ foreign exchange reserves, providing a safety net during economic uncertainty Managing and securing gold reserves poses significant challenges, including the cost of storage and security Algeria, Libya,…
While it is common for many Nigerians to pursue higher education abroad, particularly in countries like the United States, the United Kingdom, and Canada, Nigerian universities also attract international students from across Africa and beyond. Business Insider Africa presents the list of universities in Nigeria with the highest percentage of international students. The list is…
Russia recently reiterated its intention to back the Central African Republic (CAR) in strengthening its national security. Russia reaffirms support for Central African Republic’s national security. Russian military experts have trained over 900 CAR military officers and troops in a year. President Touadera of CAR visited Moscow for talks with Russian President Putin to strengthen…
Ghana’s administrators have identified an unusual but potentially profitable addition to its economic sector: the selling of cannabis. Ghana is considering the sale of cannabis to boost its economy The Chamber of Cannabis Industry CEO, Mark Darko, believes that Ghana could potentially generate up to $1 billion in revenue from cannabis The country has adopted…
A combined force of 5,000 troops from Niger, Burkina Faso, and Mali will soon be deployed to address security challenges in the central Sahel region. 5,000 troops from Niger, Burkina Faso, and Mali will be deployed to address security challenges in central Sahel region. Violence in the region driven by conflict with Islamist groups, leading…
In contrast to having a large and well-organized active military force, which inadvertently improves a country’s security and regional influence, keeping a small active military force can expose serious weaknesses, particularly for some African countries. Business Insider Africa presents the top 10 African countries with the fewest number of battle-ready soldiers in 2025. This list…
Armoured Fighting Vehicles (AFVs), encompassing tanks, infantry fighting vehicles, and armoured personnel carriers, play critical roles in military strategies. Egypt leads Africa with the largest stock of combat tanks, securing the 12th position globally. Business Insider Africa presents the top 10 African countries with the most armoured fighting vehicles in 2025. The list is courtesy…
The $910 million appeal marks the most expensive humanitarian crisis in West and Central Africa, surpassing those in Chad, Mali, Burkina Faso, and Niger, according to UN documents. United Nations to launch a $910 million appeal for humanitarian crisis in northeastern Nigeria. Nigeria’s crisis is the most expensive in West and Central Africa, surpassing other…
The cost of diesel last year fluctuated greatly throughout Africa, with certain African countries seeing costs as low as $0.031 per liter and others experiencing highs of $2 per liter. A similar pattern seems to be developing when 2025 gets underway. Business Insider Africa presents the top 10 African countries with the lowest diesel prices…
The Nigerian government is expanding its refinery network with the recent approval for the establishment of a 10,000-barrel refinery in Delta State. Nigerian government approves the establishment of a 10,000-barrel refinery in Delta State Approval given to MRO Energy Limited for the construction of the refinery in Delta State Nigeria aims to increase domestic refining…
The Kenyan government has announced plans to open its borders to African travelers with a visa-free policy as part of its efforts to enhance openness and integration.. Kenya plans to open its borders to African travelers to enhance integration within the continent Currently, only five African nations offer visa-free travel to citizens of other African…
Within Africa, the University of Cape Town (South Africa) emerges as the top-ranked institution, solidifying its reputation as a leader in higher education on the continent. Business Insider presents the top 10 best universities in Africa in 2025. The list is courtesy of Times Higher Education World University Rankings 2025. University of Cape Town (South…
Portugal has listed Nigeria alongside the United States as one of the countries it aims to get its supply of liquified natural gas (LNG) from. Portugal aims to get LNG supply from Nigeria and the United States due to shortage from the Russian market. Nigeria’s LNG trade is on an upward trajectory, producing 2.5 trillion…
President Donald Trump recently announced his intention to end “birthright citizenship,” a policy granting automatic American citizenship to anyone born on U.S. soil. President Trump aims to end birthright citizenship in the U.S Legal challenges have been filed by the American Civil Liberties Union and others against Trump’s decision The U.S. and Canada are among…
While households bear the brunt of expensive housing in many African countries, the ripple effects are typically extensive, having considerable influence on the overall economy. Business Insider Africa presents the top 10 African countries with the most expensive rent at the start of 2025. This list is courtesy of data from Numbeo. Nigeria ranks number…
Countries like Niger, Burundi, and Chad have maintained low unemployment rates, thanks to policies that prioritize key sectors like agriculture and tourism, foster entrepreneurship, and support the informal economy, which provides livelihoods for millions. Business Insider Africa presents the top 10 African countries with the lowest unemployment rate. The list is courtesy of Statista. Countries…
President Donald Trump’s recent executive order has sparked concerns about the potential impact on African countries that heavily rely on U.S. humanitarian aid. Trump’s executive order raises concerns about the impact on African countries Long-term implications could leave African nations struggling to maintain essential services African nations may turn to alternative sources like China for…
Zambia’s economic recovery now hinges on the performance of its mining sector, following severe droughts that hindered economic growth. Zambia is pinning its economic recovery on its mining sector due to drought hindering growth. The finance minister predicts a mining industry revival by 2025 with increasing copper production. The government has lowered its 2024 growth…
African sovereign wealth funds (SWFs) continue to play a critical role in shaping the continent’s economic landscape, as nations seek ways to diversify their economies. Sovereign Wealth Funds (SWFs) are playing a critical role in shaping Africa’s economic landscape Global sovereign wealth fund stood at $13 trillion as of January 2025, with China, UAE, and…
As the calendar rolls to 2025, several African countries are confronted with the long-term ramifications of borrowing from the International Monetary Fund (IMF). Business Insider Africa presents the top 10 African countries with the highest debt to the IMF at the start of 2025. This list is courtesy of data from the International Monetary Fund.…
Nigeria has moved to strengthen its mining sector by seeking financial and technical support from France to improve geological data exploration. Nigeria has signed an agreement with France to improve geological data exploration in its mining sector France has agreed to fund the geological data exploration efforts of the Nigerian Geological Survey Agency (NGSA) The…
Nigeria has emerged as the leading destination for oil and gas investments in Africa in 2024, according to a new report. Nigeria leads as the top destination for oil and gas investments in Africa in 2024 Nigeria accounted for three out of four Final Investment Decisions announced by global oil and gas majors Total Final…
Algeria had the highest life expectancy at birth in Africa as of 2023, . A newborn infant was expected to live over 77 years in the country. Cabo Verde, Tunisia, and Mauritius followed, with a life expectancy between 77 and 75 years. Business Insider Africa presents 10 African countries with the highest life expectancy. The…
As presently constituted, jobs in Uganda, particularly in the informal sector are being taken away from the locals by illegal immigrants. Jobs in Uganda, especially in the informal sector, are being taken by illegal immigrants, according to Auditor General Edward Akol. The number of work permits issued in Uganda increased by 26% from 2020 to…
Climate tech attracted 32% of the total tech funding in Africa last year. However, this represents a decline compared to 2023. Dotun Olowoporoku, Managing Partner at Ventures Platform—a VC firm that has backed over 90 startups across Africa, including climate tech enterprises—stresses the importance of adopting climate-resilient business models. Climate change is no longer a…
The African Continental Free Trade Area (AfCFTA) has begun to be instrumental between Nigeria and Kenya. Kenya received its first shipment from Nigeria under the African Continental Free Trade Area. The shipment included synthetic filaments made by Lucky Fibres Limited, a division of the Tolaram Group. The move is seen as an African triumph and…
Dangote has clarified that the recent hike in the ex-depot price of Premium Motor Spirit (PMS) is a result of the significant rise in global crude oil prices. Dangote Refinery confirmed that it has absorbed about 50% of the cost increases resulting from fluctuations in the international oil market. Dangote clarifies that the increase in…
The African Development Bank (AfDB) warns that if things don’t change soon, about 100 million young Africans could be jobless by 2030. Business Insider Africa presents 10 African countries with the highest unemployment rate. In 2024, the youth unemployment rate in Africa is projected at around 11 per cent, The list is courtesy of Statista.…
Over the weekend, Nigeria officially became the ninth member of the BRICS group of nations as a partner country. Nigeria becomes the ninth member of the BRICS group of nations as a partner country. Nigeria aims to form strategic partnerships with other BRICS countries. Nigeria’s membership will focus on trade, investment, energy security, infrastructure development,…
Despite the challenges posed by the harsh business terrain of 2024, several Nigerian companies have emerged as the most valuable firms in the country. Several Nigerian companies have emerged as the most valuable firms in the country These firms thrived due to innovation, strategic leadership, and a deep understanding of the Nigerian and African markets…
Recent reports have indicated that the West African country of Togo could be joining the Alliance of the Sahel States (AES). Togo is considering joining the Alliance of the Sahel Region (AES). Togolese Minister of Foreign Affairs, Robert Dussey, expressed openness to the idea. Togo’s potential integration into the AES may lead to its withdrawal…
According to Global Firepower (GFP), South Africa leads Africa in the number of serviceable airports with 575, ranking 13th globally, followed by Kenya with 370 airports at 18th, and the Democratic Republic of Congo (DRC) with 272 airports at 24th. Business Insider Africa presents the top 10 African countries with the most serviceable airports in…
Nigeria has officially become the second African nation and the ninth member to join the BRICS group as a partner country. Nigeria becomes the second African nation and ninth member of the BRICS group as a partner country Brazil, as the current BRICS chair, officially announced Nigeria’s admission as a partner country Nigeria joins Belarus,…
Africa’s growing tourism industry is hindered by internal conflicts and terrorism, leading to various travel warnings against visiting the continent. Business Insider Africa presents the most dangerous African countries to visit in 2025 The list is courtesy of CEO World Magazine Ethiopia, DR Congo, CAR are among the countries classified as high-risk destinations The looming…
Africa’s wealthiest nations have not been immune to inflation’s bite. Countries like South Africa, Egypt, Nigeria and Kenya—the continent’s largest economies—continue to wrestle with rising costs of living. Business Insider Africa presents the top 10 largest economies in Africa and their inflation rates. Countries like South Africa, Egypt, Nigeria and Kenya—the continent’s largest economies—continue to…
Helicopters play a vital role in aviation transport, particularly for short-distance travel and transporting individuals and cargo. Business Insider Africa presents the seven most expensive private helicopters in the world The list is courtesy of Robb Report Different helicopters, like the S-92® and Bell 525 ‘Relentless‘, offer advanced safety features, impressive speeds, and luxurious interiors…
The $20 billion Dangote refinery is set to hit its maximum refining capacity in the coming months. Dangote refinery to reach 650,000bpd capacity by June this year. Plans to resolve local crude deficit by importing oil from outside Nigeria. Debacle with NNPC hindered local production of premium motor spirits (petrol). Officials at the Dangote refinery…
Recent data indicates that U.S. companies are increasingly relying on skilled foreign workers, particularly in the tech sector. H-1B visa issuance in the U.S. has been steadily increasing, with a significant rise in 2024 The program aims to address talent shortages and drive business growth, technological advancements, and increased productivity Top tech companies, including Amazon,…
Sudanese leader and army chief, Abdel Fattah al-Burhan is set to face U.S. sanctions following accusations of human rights abuse. Sudanese leader, Abdel Fattah al-Burhan to face U.S. sanctions for human rights abuse The sanctions are linked to ongoing conflict and political instability in Sudan under al-Burhan’s leadership Sudanese Armed Forces accused of targeting civilians,…
This series of setbacks presents a challenge for Namibia’s aspirations of becoming a major crude oil producer. Chevron’s exploration well Kapana 1X in Namibia’s Orange Basin did not yield commercial hydrocarbon reserves. Namibia has potential for oil production, with major companies like TotalEnergies and Shell discovering an estimated 2.6 billion barrels of oil in the…
The way we look at human output is set to change significantly in the coming years, specifically from 2025 to 2030, and in Africa, this is projected to be more prevalent. Business Insider Africa presents the top 5 African countries where skilled professionals are facing the highest risks. This list is courtesy of The Future…
Tanzania’s agriculture, tourism, and industrial sectors have drawn interest from several Japanese companies. Japanese companies showing interest in Tanzania’s agriculture, tourism, and industrial sectors. 20 investment companies from Japan touring Tanzania for potential collaborations. Total Japanese investment in Tanzania is $11.4 million across 24 projects in the past 12 years. Twenty investment companies are currently…
Nigerian petroleum marketers are increasingly aligning with the Dangote Refinery in response to a rise in depot fuel prices. Nigerian petroleum marketers are turning to Dangote Petroleum Refinery due to rising depot fuel prices Depot price of Premium Motor Spirit (PMS) rose by 4.7% due to global crude oil cost surge to $80 per barrel…
For 2024 the world’s busiest airports collectively handled over 411 million passengers. In Africa, Cairo International Airport handled 18,712,227 passengers in 2024—a significant 46% increase from its 2019 figures and an 11% rise compared to 2023. Business Insider Africa presents the busiest airports in Africa in 2024. The list is courtesy of OAG’s Global Airline…
The Rwandan government has officially announced its first oil discovery, identifying 13 reservoirs within Lake Kivu, a natural border with the Democratic Republic of Congo. Rwanda has officially announced its first oil discovery in Lake Kivu Rwanda currently heavily relies on agricultural and mineral exports, plus its thriving tourism industry With this oil discovery, Rwanda…
Chinese companies, many of which are state-backed, have become the largest investors in the Democratic Republic of Congo in recent years. The Democratic Republic of Congo wants to diversify its mining industry and reduce reliance on Chinese investment. It is seeking new mining investors from Saudi Arabia, the European Union, and India. Chinese companies have…
Transportation, particularly air travel, is key to global connectivity, with major international airports driving the movement of people and goods. Business Insider Africa presents the worlds busiest international airports in 2024 The list is courtesy of OAG Dubai International Airport (DXB) maintained its position as the World’s Busiest International Airport in 2024 with 60.2 million…
In an article published on January 6 by Russia in Global Affairs, Russia reaffirmed its commitment to helping African nations achieve genuine independence. Russia has reaffirmed commitment to helping African nations achieve genuine independence The Kremlin supports the idea of Pan-Africanism and the role of the African Union in enhancing Africa’s voice and influence in…
Members of Zimbabwe’s ruling party are motioning to extend the legal term of the president of the country, Emmerson Mnangagwa. Zimbabwe’s ruling party is seeking to extend president Emmerson Mnangagwa’s term beyond 2028. There is a move to modify Zimbabwe’s Constitution to allow Mnangagwa to continue in office after 2028. President Mnangagwa has previously refused…
The Kenyan deal with the United Arab Emirates (UAE) which has been in the works since 2022, was finally inked on Tuesday, 14th of January, 2025. Kenya and United Arab Emirates signed the Comprehensive Economic Partnership Agreement (CEPA) to boost trade and economic cooperation. The agreement aims to strengthen the UAE’s position as a major…
The president of the Central African Republic (CAR), Faustin-Archange Touadera, has embarked on a three-day visit to Moscow for talks that will foster his country’s relationship with Russia, according to the Kremlin. President of CAR visiting Moscow for talks with Russia CAR was the French colony of Ubangi-Shari until it became independent in 1960 Touadera…
The Central African Republic has the highest fuel price in Africa at $1.718 per litre, followed by Senegal at $1.546 per litre, and Zimbabwe at $1.480 per litre. Business Insider Africa presents the top 10 African countries with the highest fuel prices at the start of 2025. This list is courtesy of GlobalPetrolPrices.com. Central African…
Nigeria, Africa’s leading oil producer, is set for growth, driven by ongoing reforms and a strong emphasis on rehabilitating its state-owned refineries. Nigeria’s refineries are projected to consume a substantial share of its crude oil production in H1 2025 The Dangote Refinery will receive the largest share of crude oil at 550,000 barrels per day…
Low-traffic African cities are shining examples of productivity and a better standard of living. Business Insider Africa presents the top 5 major African cities with the best traffic situation. This list is courtesy of Numbeo. Durban ranks number 1 on the list. Efficient traffic flow has a favorable impact on cities. Time saved by avoiding…
TikTok is facing the possibility of being banned from app stores in the United States by January 19 unless the Supreme Court or President-elect Donald Trump intervenes and delays this decision. TikTok faces possible ban from US app stores by January 19 Multiple countries have already banned TikTok due to data privacy, national security, and…
Africa’s complex security landscape, marked by internal conflicts, terrorism, and insurgency, necessitates a strategic rethink of defense budgets. Business Insider Africa presents the top 10 African countries with the highest defense budget in 2025 The list is courtesy of Global Firepower Countries like Egypt, Algeria, and Morocco have high defense budgets to focus on advanced…
Steve Bannon, the former chief strategist for Donald Trump, has publicly criticised Elon Musk over his influence in U.S. politics, suggesting he should “go back to South Africa.” Steve Bannon has criticized Elon Musk over his influence in U.S. politics Bannon accused Musk of promoting ‘techno-feudalism’ and favoring Silicon Valley founders over American workers Bannon…
Major firms in Nigeria have dumped the nation’s power-generating companies over the constant power outages associated with the national grid. Major firms in Nigeria have abandoned their power distribution companies due to constant power outages The recurring grid collapses are attributed to ageing facilities, lack of maintenance, and vandalization of power facilities Dangote Industries, 249…
Some of Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Zenith Bank topped other banks with a market value of N1.47 trillion and shares valued at N46.85. Guaranty Trust Holding Company PLC recorded a market cap of…
While 2025 is still very early, so far there hasn’t been much positive movement in the fortunes of Africa’s richest billionaires. Positive movement in the fortunes of Africa’s richest billionaires remains scarce. Only four of the 10 richest people on Bloomberg’s billionaire index have a positive year-to-date change. African billionaires on the daily index have…
Egypt, Algeria, and Angola have maintained their rankings, each making additions to their military aircraft fleets. Egypt expanded its fleet by 13 aircraft, Algeria by 3, and Angola by 1. Business Insider Africa presents 10 African countries with the largest military aircraft fleet in 2025. Egypt is the most formidable military air fleet on the…
The aviation industry continues to prioritize airline safety, emphasizing its commitment to protecting the lives of passengers, crew, and cargo. Business Insider Africa presents the world’s top 10 safest airlines in 2025 The ranking is courtesy of AirlineRatings Recent tragic incidents, including fatal crashes in December 2024, have raised public concern and intensified scrutiny of…
The U.S., the largest economy globally, showcases unparalleled industrial prowess, diversified sectors, and global reach. In contrast, Africa’s economies, while collectively significant, vary widely in size and development. Business Insider Africa presents how U.S. state GDPs compare to 10 wealthiest African countries. California’s $3.9 trillion economy—the largest of any U.S. state—not only dwarfs every African…
Fuel price in Africa may increase in the coming days owing to a spike in the cost of Brent, the global benchmark for crude. Fuel prices in Africa may increase due to a spike in the cost of Brent, the global benchmark for crude. New sanctions on Russian oil producers by the American president, Joe…
In a remarkable move, billionaires Bill Gates and Jeff Bezos have joined forces to invest in mining ventures targeting rare metals across Africa. Bill Gates and Jeff Bezos are investing in mining ventures targeting rare metals in Africa KoBold, a US mining startup supported by Gates and Bezos, secured $537 million in funding African countries…
The strength of a military, particularly in Africa, is influenced by a variety of factors, including personnel, equipment, strategic alliances, and geopolitical positioning. Business Insider Africa presents African countries with the strongest military power in 2025 The ranking is courtesy of Global Firepower Index Top-ranked African nations in the ranking at the start of 2025…
Tensions between Ethiopia and Somalia had been mounting following reports of an agreement earlier in 2024 between Ethiopia and Somaliland. Ethiopia and Somalia has pledged to restore and strengthen bilateral relations. Tensions between Ethiopia and Somalia had been mounting following reports of an agreement earlier in 2024 between Ethiopia and Somaliland. The agreement was formalized…
The East African nation of Kenya and the Arab state of Iran attempt to deepen their ties through religious exchange programs and peace efforts. Kenya and Iran aim to deepen ties through religious exchange programs and peace efforts. 22 agreements have been signed to strengthen diplomatic ties across sectors like education, health, infrastructure, and agriculture.…
A high cost of living index can affect a country’s global perception. African countries such as South Africa and Kenya, which draw considerable tourist and expatriate communities, may risk losing their appeal if living expenses grow without a corresponding increase in quality. Business Insider Africa presents the top 10 African countries with the highest cost…
In a bid to save costs, the new president of Ghana, John Mahama, has trimmed down his government’s ministries. President John Mahama has reduced the number of government ministries in Ghana to save costs. The new administration will work with 23 ministries instead of the previous 30. This cost-cutting strategy is part of an austerity…
The African Union Commission (AUC) chairperson elections are heating up, with candidates ramping up their efforts to secure support. The AU Commission chairperson elections are scheduled for February 2025 at the 38th AU Summit Candidates from the East African bloc are contending for the AUC chairperson position The role of AUC chairperson is critical for…
Considering the overhaul of its mining industry, Mali is expected to collect 750 billion CFA francs ($1.2 billion) in the first quarter of 2025. Mali is expected to collect 750 billion CFA francs ($1.2 billion) in the first quarter of 2025 from its mining industry overhaul. The military government in Mali decided to restructure the…
This achievement edges out Egypt, the continent’s former tourism leader, which set a new record with 15.7 million arrivals in the same year. Morocco becomes Africa’s most visited destination with 17.4 million visitors in 2024. Morocco’s achievement edges out Egypt, the former tourism leader with 15.7 million arrivals in 2024. Morocco’s tourism sees a 20%…
Chinese Foreign Minister, Wang Yi arrived in Nigeria on January 8, 2025, for a diplomatic visit aimed at furthering China-Nigeria relations. Chinese Foreign Minister, Wang Yi visited Nigeria and other African nations to strengthen partnership and cooperation The visit emphasizes China’s commitment to economic development, trade, and political cooperation in Africa Yi’s visit to Nigeria…
The son of Uganda’s president, Muhoozi Kainerugaba, recently announced his departure from the social media platform X. Muhoozi Kainerugaba, the son of Uganda’s president, has left the social media platform X. He had previously sent out a controversial tweet threatening his father’s political rival, Bobbi Wine. Speculations have arisen about Muhoozi’s intentions to succeed his…
Nigeria’s oil industry is poised for growth as petroleum marketers prepare to launch a new 50,000 barrels per day (bpd) refinery. Nigeria’s oil industry is set for growth with the launch of a new 50,000 bpd refinery Nigeria is making significant progress in rehabilitating government-owned refineries and promoting modular refineries The agreement to establish a…
Africa’s rapidly urbanizing ecosystem is a tale of two cities, one brimming with potential and the other congested with traffic. Business Insider Africa presents the top 10 African cities with the most crippling traffic congestion in 2025. This list is courtesy of data from Numbeo. Lagos ranks number 1 globally. Long traffic bottlenecks continue to…
Across Africa, many countries face the challenge of holding passports that rank low on global mobility indexes. Somalia has the least powerful passport in Africa, allowing access to only 35 countries and ranking 102nd globally. Business Insider Africa presents the top 10 least powerful passports in Africa in 2025. The list is courtesy of Henley…
A low GDP forecast is a critical indicator of potential challenges ahead. This projection for African countries in 2025 signals deterring engagement in industries such as manufacturing, services, technology, and infrastructure. Business Insider Africa presents the top 10 African countries projected to have the lowest GDP growth in 2025. This list is courtesy of a…
An armed attack on Chad’s presidential complex has raised alarm and sparked fears of a potential coup attempt. Armed attack at Chad’s presidential complex sparked fears of a potential coup attempt 19 people were killed in the fighting, with 18 being members of the terrorist gang Chad has been ruled by the Deby family for…
In 2025, low rent is more than a financial comfort; it is a lifeline for millions of people residing in African cities. Business Insider Africa presents the top 5 African cities with the least expensive rent at the start of 2025. This list is courtesy of Numbeo. Alexandria ranks number 1 on the list. As…
A recent survey shows improved customer service in SME banking as financial institutions in Ghana and Nigeria seek long-term relationships with expanding businesses. SME banking customer service in Africa has shown some significant improvements KPMG’s 2024 Banking Survey highlights progress and challenges in SME, corporate, and retail banking. In 2024, Nigeria and Ghana saw modest…
Last year, South Africa dominated the top spots, holding the top five positions for the highest crime rates. In the latest rankings, six cities from South Africa still feature prominently, reflecting the ongoing security challenges faced by the country. Business Insider Africa presents the top 10 African cities with the highest crime index at the…
African Startups made significant strides in 2024, with many ventures successfully securing funding to drive their growth and expansion. African Startup ecosystem made significant progress in 2024 Two African start-ups achieved ‘unicorn’ status with valuations of $1 billion or more 10 Startups accounted for 51% of the total funding in 2024 This progress was achieved…
There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil discovery in Namibia, deeming the project commercially unviable. Shell announces a $400 million write-down for an offshore oil discovery in Namibia. Total Energies…
In 2023, despite submitting half as many Schengen visa applications as those from Asia, African applicants were twice as likely to be rejected, with rates 14 percentage points higher than Asian applicants. Business Insider Africa presents top 10 African countries with the highest Schengen visa rejection rates. This list is courtesy of Henley and Partners. Six…
Citizenship by Investment (CBI) programs provide a pathway for individuals to acquire citizenship in a country by making substantial financial contributions to its economy. CBI programs offer a pathway to acquire citizenship through financial contributions Some countries offer these options to attract foreign investment and boost economic growth Egypt and Mauritius have recently introduced citizenship…
The UK government has launched its new Electronic Travel Authorization (ETA) system, altering how visitors from certain countries enter the UK. UK launches Electronic Travel Authorization (ETA) system on January 8, 2025 Travelers from specific countries including three African countries need ETA for UK visits ETA launched in two phases: first phase on January 8,…
Some of the continent’s busiest airlines, such as Ethiopian Airlines and Kenya Airways, strive to maintain reliability but are not immune to disruptions. Kenya Airways ranked highest for cancellations, with 2,263 flights cancelled out of 46,578 total flights. Business Insider Africa presents the top 5 African airlines with the most flight cancellations in 2024. The…
The human metapneumovirus (HMPV), though not a newly discovered virus, is gaining attention in Africa as nations brace for illnesses reminiscent of the COVID-19 scare. HMPV, a respiratory virus, is gaining attention in Africa amid rising cases in China Unlike COVID-19, there is no vaccine or specific antiviral treatment for HMPV African nations and global…
Seychelles holds the title of the strongest passport in Africa for 2025, granting its holders visa-free or visa-on-arrival access to 156 countries, ranking 25th globally. Business Insider Africa presents the top 10 most powerful passports in Africa in 2025. The list is courtesy of Henley & Partners’ passport index. In Africa, Seychelles holds the title…
John Dramani Mahama was inaugurated for a second term as Ghana’s president on Tuesday in a ceremony held in the capital city, Accra. The 66-year-old opposition leader secured a decisive victory in the December 7 presidential election, marking a political comeback in Ghana, the world’s second-largest cocoa producer. More than 20 presidents and heads of…
Algeria has leveled serious accusations against France, alleging the European country’s covert involvement in its affairs. Tensions between Algeria and France worsen. France’s support of Morocco over Western Sahara leads to withdrawal of Algerian ambassador. Algeria condemns French interference and colonial legacy. For years now, several African countries in West Africa have pushed back on…
Kenya, along with Nigeria, Egypt, and South Africa—collectively known as Africa’s “Big Four”—continued to dominate the venture funding landscape in 2024. However, there was a noticeable decline in the amount of funding raised compared to previous years. Business Insider Africa presents the top 10 African countries with the highest tech funding in 2024. The list…
Senegal and Chad have criticized French President Macron’s remarks suggesting African countries are ungrateful for France’s security role in the continent. Macron claimed African nations owe their sovereignty to the presence of French forces Senegal and Chad criticized French President Macron’s remarks about Africa’s gratitude for France’s security role Several African nations have terminated security…
Global Finance has recognized top-performing banks in the foreign exchange market with the GW Platt Foreign Exchange Bank Awards 2025. Global Finance recognizes top-performing banks in the foreign exchange market Winners in global, regional, and country categories chosen based on objective and subjective criteria Standard Bank emerged the regional winner (Africa) for the best foreign…
South African cities continue to dominate the top five rankings for African cities, much like in the previous year. Business Insider Africa presents the top 5 African cities with the best quality of life index at the start of 2025 The list is courtesy of Numbeo. South African cities continue to dominate the top five…
The disparity in wealth, income, and economic well-being has led to widening prosperity gaps in African countries. Business Insider Africa presents African countries with increasing prosperity gaps The list is courtesy the World Bank’s Poverty, Prosperity, and Planet Report Prosperity Gap varies from 1.7 in Europe and Central Asia, to over 12 in Sub-Saharan Africa…
Maintaining a healthy current account balance has become more important than ever in 2025 as some African countries continue to struggle with the combined weight of local developmental issues and global economic uncertainties. Business Insider Africa presents the top 10 African countries projected to be the highest earners in 2025. This list is courtesy of…
The standoff in Mali, coupled with threats by Burkina Faso’s military junta to revoke mining permits and the seizure of a French-operated uranium site in Niger, has raised concerns among Western mining companies. Barrick Gold may halt operations in Mali due to restrictions on gold shipments. Threats by Burkina Faso’s military junta and the seizure…
For decades, Russia and Africa have shared a strong and mutually beneficial relationship, based on common historical ties, economic partnerships, and military alliances. Business Insider Africa presents the top Russian air defense systems used in Africa. The weapons systems mentioned are from a report by Sputnik. Russia and Africa have enjoyed key military alliances for…
Data from a report by the International Trade Centre revealed that the loss from Nigeria’s unrealized export potential is sitting at a whopping N4.6 trillion ($3 billion). Nigeria’s unrealized export potential is at N4.6 trillion ($3 billion Top unexploited products include urea, cocoa, cashew nuts, and electric energy Challenges affecting export revenue include product quality,…
In recent years, Russia has demonstrated a marked increase in its interest in Africa’s nuclear sector. Rosatom, Russia’s state-owned nuclear corporation, holds about 70% of the global export market for new nuclear power plants Russia is increasingly interested in Africa’s nuclear power sector for strategic, economic, and geopolitical reasons African nations like Burkina Faso, Zimbabwe,…
It is impossible to overestimate the importance of affordable rent as African cities continue to expand. It is fundamental to sustainable development and economic resilience. Business Insider Africa presents the top 5 African cities with the most expensive rent at the start of 2025. This list is courtesy of Numbeo. Lagos ranks number 1 on…
The prevalence and types of crimes vary widely across African countries. According to the Numbeo Crime Index, South Africa is Africa’s most crime-affected country, with a crime index score of 74.7. Business Insider Africa presents the top 10 African countries with the highest crime index at the start of 2025 This list is courtesy of…
One of South Africa’s premier cities Johannesburg, which is tagged the richest city in Africa has enumerated a $12 billion infrastructure objective. Johannesburg aims to fix $12 billion worth of infrastructure issues. The city council examined the deficit and identified long-overdue repairs for water, electricity, and road systems. Frequent power outages and water shortages have…
The son of Uganda’s president, Muhoozi Kainerugaba, recently made a distasteful remark about the leader of the country’s ruling opposition, Bobi Wine. Muhoozi Kainerugaba, son of Uganda’s president, made a distasteful remark about the leader of the ruling opposition, Bobi Wine. He stated in a tweet that he wanted to behead the country’s most prominent…
The aspiration to migrate from Africa to more developed regions is often driven by migrants’ desire to increase income and enhance overall living standards. Business Insider Africa presents African countries with the highest-earning migrant population in the US The list is courtesy of the U.S census bureau African immigrants in the U.S. have high annual…
The departure of wealthy individuals from South Africa has created a significant gap in government revenue for a country heavily reliant on taxes. Loss of R3 billion in collectable taxes due to departure of 38,000 taxpayers in South Africa Significant portion of South Africa’s revenue comes from personal income tax, corporate income tax, and value-added…
The departure of wealthy individuals from South Africa has created a significant gap in government revenue for a country heavily reliant on taxes. Loss of R3 billion in collectable taxes due to departure of 38,000 taxpayers in South Africa Significant portion of South Africa’s revenue comes from personal income tax, corporate income tax, and value-added…
With the start of 2025, the growing cost of living in some African cities remains a major issue for residents and citizens. Business Insider Africa presents the top 10 African cities with the highest cost of living in 2025. This list is courtesy of Numbeo’s updated data. Harare ranks number 1 on the list. Cities…
US President, Joe Biden, through the White House, has named a delegation to attend the inauguration of Ghana’s President-elect, John Dramani Mahama in Accra, Ghana. US President Joe Biden has designated a delegation to attend the inauguration of Ghana’s President-elect, John Dramani Mahama The delegation will be led by Shalanda D. Young, Director of the…
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…
Africa’s diversity shines brighter than ever, attracting tourists and investors from around the globe as the continent continues to thrive as a travel destination in 2025 Business Insider Africa presents Africa’s top travel destinations for 2025 The list is courtesy of Travel and Tour World (TTW) Exceptional nations which include South Africa, Mauritius, Egypt among…
Africa’s stock markets are becoming a big part of the continent’s growth story. The Ghana Stock Exchange Composite Index surged by 56% in local currency terms—the highest since 2013. The Ghana Stock Exchange Composite Index surged by 56% in local currency terms—the highest since 2013. In the first nine months of 2024, Ghana’s GDP grew…
A high Real GDP growth prediction for African countries in 2025 has significant benefits for its economy, inhabitants, and the continent as a whole. Business Insider Africa presents the top 10 African countries projected to have the highest GDP growth in 2025. This list is courtesy of a report from the IMF. South Sudan ranks…
Cyberattacks are a growing concern in Africa, with many countries facing significant threats to their digital security. Cyber attacks are a growing concern in Africa The financial sector is the second most targeted after government establishments Various organizations in Africa, such as Eneo, Airtel, MTN, Bank of Uganda, and Telecom Namibia, were subject to cyber…
As 2025 begins, it is important to note that some of the economic challenges several African countries faced last year are set to spill over to the new year, particularly with regards to inflation. Business Insider Africa presents the Top 10 African countries projected to have the highest inflation hikes in 2025. This list is…
Ivory Coast’s president has announced that French troops will withdraw from the country, ending a decades-long military presence. Ivory Coast’s president announced the withdrawal of French troops from the country. This aligns with similar decisions by other West African leaders regarding French troops. France has been expelled from at least four West African nations since…
Zimbabwe has officially abolished the death penalty, nearly 20 years after its last execution. With this move, Zimbabwe has become the 127th country in the world to abolish the death penalty. Zimbabwe has officially abolished the death penalty after nearly 20 years since its last execution. President Emmerson Mnangagwa signed the law to eliminate capital…
The most industrious people in Africa, begin the new year with fresh financial goals, hoping to outperform the previous year’s achievements. Business Insider Africa presents the top 5 richest Africans at the start of 2025. This list is courtesy of Bloomberg’s real-time billionaires index. Dangote ranks number 1 on the list. As the new year…
Kenyan President William Ruto and Nigerian President Bola Ahmed Tinubu have been named among the five 2024 finalists for the Organized Crime and Corruption Reporting Project (OCCRP) “Person of the Year” award. Kenyan President William Ruto and Nigerian President Bola Ahmed Tinubu are finalists for OCCRP’s ‘Person of the Year’ award Ruto received over 40,000…
Over the past year, some African nations have improved the performance of their currencies against the US dollar while others continue to face challenges. The report rated the performance of various African currencies against the US dollar. Some African nations strengthened their currencies, while others faced worsening exchange rates in 2024 Nigeria’s Naira and Malawi’s…
A low SDG 9 rating indicates poor infrastructure, limited industrialization, and low innovation, all of which impede economic success, especially in African countries. Business Insider Africa presents the top 10 African countries with the worst infrastructure and least innovation. This list is courtesy of a report by the Mo Ibrahim Foundation. South Sudan ranks number…
With a rapidly growing population and rising demand for power, the energy transition is a lifeline, offering the promise of sustainable development and resilience against the mounting impacts of climate change. Business Insider Africa presents the top 10 African countries in the global energy transition index (ETI). The list is courtesy of the Statista. In…
For governments dealing with economic difficulties, the International Monetary Fund (IMF) is often a go-to source for stabilizing economies and spurring growth. Nonetheless, keeping their IMF debt low benefits African countries strategically. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF at the end of 2024. This list…
When laws are applied consistently, they build trust, ensure fairness, and provide a solid foundation for peace, innovation, and growth. The Democratic Republic of Congo ranks the lowest in Africa on the World Justice Project’s Rule of Law Index, with an overall score of 0.34. Business Insider Africa presents the top 10 least lawful countries…
The U.S. travel advisory system serves as a vital tool for informing and protecting American citizens traveling abroad. The U.S. travel advisory system warns American citizens traveling abroad based on safety concerns and risk factors Terrorism, crime, civil conflicts, and weak law enforcement contribute to the heightened risks for travelers in these countries As of…
The methods of electricity generation across Africa are heavily skewed toward fossil fuels, with natural gas making up 42% of production and coal contributing another 26%. Business Insider Africa presents the top 10 African countries with the highest electricity generation. The list is courtesy of the International Energy Agency: IEA. South Africa emerged as the…
In 2024, African business leaders made significant contributions to the continent’s economy, driving job creation and leaving lasting legacies. African business leaders made significant contributions to the continent’s economy in 2024 Key businesses that shaped Africa in 2024 include Nigerian-based Flutterwave and Access Bank 23 individuals were recognized for their outstanding contributions to business in…
The idea of “quality of life” refers to the factors that cities liveable, pleasant, and profitable. Business Insider Africa presents the top 10 cities with the best quality of life at the end of 2024. This list is courtesy of Numbeo. The Hague (Den Haag) ranks number 1 on the list. Fostering a good quality…
A high SDG 9 ranking for African countries indicates significant progress in infrastructure, industrialization, and innovation, all critical to long-term development and global competitiveness. Business Insider Africa presents the top 10 African countries with the best infrastructure and most innovation. This list is courtesy of a report by the Mo Ibrahim Foundation. South Africa ranks…
An essential component of every flourishing city is safety. The safest cities in the world typically boasts cohesiveness, economic expansion, and a high standard of living for its citizens. Business Insider Africa presents the top 10 safest cities in the world at the end of 2024. This list is courtesy of Numbeo. Abu Dhabi ranks…
Nigeria has solidified its position as a premier oil producer, supplying its crude to several countries globally. Nigeria is one of Africa’s major crude oil exporters, supplying high-quality crude globally Nigeria’s crude oil production averaged 1.5 million barrels per day in 2024 despite challenges US, France, Spain emerged top buyers of Nigeria’s crude in 2024…
Poor quality of life in cities may have far-reaching implications, hurting not just inhabitants’ well-being but also the city’s economic prospects, social stability, and environmental sustainability. Business Insider Africa presents the top 10 cities with the lowest quality of life at the end of 2024. This list is courtesy of Numbeo. Lagos ranks number 1…
China and Nigeria first established the currency-swap agreement in April 2018 for an initial three-year term, addressing dollar shortages in the country. China and Nigeria extended their 15 billion yuan currency-swap agreement. The agreement aims to boost trade and investment ties between the two countries. It is valid for three years and may be renewed…
Passengers from Nigerian airports experienced some of the highest rates of flight delays and cancellations in the first half of 2024. Flight delays in Nigerian airports were mostly experienced by travelers in H1, 2024 The NCAA reported significant delays and cancellations for both domestic and international flights Delta Airlines, Cronos, and Turkish Airlines had the…
The diplomatic row between Nigeria and the military junta in Niger has attracted the attention of the regional bloc, ECOWAS. ECOWAS supports Nigeria in diplomatic row with Niger over accusations of destabilization Niger’s military leader accused Nigeria of colluding with France to destabilize Niger Republic Nigeria has dismissed the accusations of sabotage emphasizing its support…
Concerns about international students are rising within the US university community as Trump’s inauguration nears US universities are warning international students to return to campus before Trump’s administration Concerns arise from the possibility of Trump reviving travel bans More than a dozen schools have issued advisories amid uncertainty surrounding Trump’s plans US universities are warning…
In Africa, the principles of strong institutions, effective policing, and robust judicial systems are essential for fostering progress and prosperity. Rwanda leads the continent with an impressive score of 0.85, setting the benchmark for order and security. Business Insider Africa presents the top 10 African countries with the best order and security in 2024. The…
Airpower is one of the most important variables in deciding how battles turn out in contemporary warfare, and a robust attack helicopter fleet significantly bolsters the airforce of any given region. Business Insider Africa presents the top 10 countries with the highest number of attack helicopters in 2024. This list is courtesy of Global FirePower.…
Fireworks have become an integral part of festive celebrations across the world, including Christmas, New Year’s Eve, and national holidays. Fireworks displays are a key determinant of the festive period China is the leading exporter of fireworks globally, dominating the global market The United States is the largest importer of fireworks, with over 120,000 metric…
Athletes of African descent continue to make huge strides internationally, earning enormous paychecks and solidifying their places among sport’s most influential people. Business Insider Africa presents the highest-paid athletes of African descent in 2024. This list is courtesy of Forbes. Giannis ranks number 1 on this list. The influence of these players extends beyond their…
Across Africa, pursuing lawful governance is a testament to resilience, with some countries holding the rule of law in high esteem, even in the face of unique challenges. Rwanda, ranked first in Africa with an overall score of 0.63, sets a strong example in governance and justice. Business Insider Africa presents the top 10 most…
The year 2025 could pose greater financial challenges for Nigerians as the NCC approves a tariff increase for mobile network operators. The NCC has approved a 40% tariff increase for mobile network operators in Nigeria starting January 2025 Over the years, Telecom operators have pushed for tariff hikes The tariff hike aims to address rising…
Africa has long been a significant contributor to global football, consistently producing a wealth of exceptional footballers. African football players have been making significant contributions to global football Mohamed Salah and Sadio Mané are among the top 10 highest-paid footballers globally, representing Africa Notable African stars like Riyad Mahrez and Kalidou Koulibaly are also earning…
Nigeria tops the list of African countries with the highest Christmas spending, with households averaging $309 on celebrations, including meals, gifts, and decorations. Business Insider Africa presents the 5 African countries with the highest Christmas spending in 2024. The list is courtesy of WorldRemit. Nigeria tops the list of African countries with the highest Christmas…
Tanzania has scrapped all charges on card payments to encourage a shift towards digital transactions. Tanzania has removed charges on card payments to promote digital transactions The initiative aims to drive the country towards a cash-lite economy Digital payments are increasingly popular in Tanzania, with 48.4% of the population utilizing digital platforms The country’s central…
By May 2025, the tenure of African Development Bank (AfDB) President Prof. Akinwumi Adesina will come to an end, and a new President will be elected. The tenure of AfDB President, Prof. Akinwumi Adesina will end in May 2025 Several candidates have expressed interest in succeeding Adesina Candidates from South Africa, Algeria, Senegal, Zambia, and…
The West African nation aims to raise as much as 121.3 billion CFA francs ($192.3 million) by offering up to 23.1 million shares. Benin plans to sell up to 40% of its stake in Banque Internationale pour l’Industrie et le Commerce (BIIC) through an IPO. The IPO aims to raise as much as 121.3 billion…
The high cost of petrol in oil producing countries result from a mix of market forces, policies, and economic factors. High cost of PMS in oil-producing countries is influenced by market forces, policies, and economic factors Richer countries generally have higher petrol prices, while poorer and oil-producing countries have lower prices Libya had the lowest…
Countries with advanced digital ecosystems benefit from smoother transitions to automation and other high-tech solutions, while less developed regions face mounting challenges in catching up. Business Insider Africa presents Africa’s most digitally competitive countries in 2024. The list is courtesy of IMD World Digital Competitiveness Ranking. The report evaluated 67 economies, with Ghana, Nigeria, and…
Some African economies are projected to be among the world’s largest economies in 2075. These countries can leverage their youthful populations and natural resources to drive economic growth. Business Insider Africa presents a list of African countries among the world’s largest economies in 2075. The list is courtesy of Goldman Sachs. Emerging economies are striving…
The Alliance of the Sahel States (AES), comprising Mali, Burkina Faso, and Niger, the three breakaway ECOWAS countries are now on high alert. The Alliance of the Sahel States (AES) consisting of Mali, Burkina Faso, and Niger, is on high alert due to tension with ECOWAS. Recent developments, including accusations of collaboration with foreign powers…
A strong defense budget is essential to national security and sovereignty. Beyond the primary objective of guaranteeing a nation’s security and readiness, a sizable military budget may have important positive effects on the economy, society, and geopolitics. Business Insider Africa presents the top 10 countries with the most expensive militaries. This list is courtesy of…
The U.S Department of State has announced plans to impose visa restrictions on multiple individuals responsible for the ongoing conflict in South Sudan. The U.S. plans to impose visa restrictions on individuals involved in the conflict in South Sudan The country’s election delay to December 2026 raises concerns about its democratic transition. The U.S. sanctions…
Billionaires worldwide had a phenomenal year in 2024, collectively adding over $700 billion to their wealth. Billionaires collectively added over $700 billion to their wealth in 2024 Tech industry leaders and US citizens dominated the top 10 billionaires list for biggest gainers Notable names on the list include Elon Musk, Mark Zuckerberg, Larry Page, and…
Nigeria, Niger’s neighbor, is being suspected and accused of sabotaging a pipeline in Niger. Niger accuses Nigeria of sabotaging a pipeline in Niger. Niger alleges that Nigeria is providing support to destabilize Niger. Nigeria denies the allegations and refutes any connection to the terrorist organization responsible for the attack. The government of Niger recently levied…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed rumours that the Old Port Harcourt Refinery, re-streamed two months ago, has ceased operations. NNPC dismisses rumors of Old Port Harcourt Refinery ceasing operations. Refinery remains fully operational with ongoing loading operations. NNPC’s CEO invites sceptics to tour refineries to verify operational status and clarifies…
Diesel remains a critical energy source for many African countries, especially in regions where alternative energy solutions are still underutilized. Business Insider Africa presents the top 10 African countries with the lowest cost of diesel at the end of 2024. This list is courtesy of GlobalPetrolPrices. CAR is number 1 on the list. Diesel costs…
A high cost of living presents significant challenges for both people and society, even while economic expansion can open up new opportunities. Business Insider Africa presents the top 10 countries with the highest cost of living in 2024. This list is courtesy of Numbeo. Switzerland ranks number 1 on this list. This problem has wide-ranging…
Forbes has unveiled its inaugural list of the 50 wealthiest Black Americans for 2024, highlighting three industry leaders of African origin among the honorees. Forbes released its inaugural ForbesBLK50 list of the 50 wealthiest Black Americans for 2024 Three Nigerians, Wemimo Abbey, Tope Awotona, and Adebayo Ogunlesi, are highlighted for their remarkable contributions The list…
Globally, workplace routines vary significantly, with some countries offering conducive environments and shorter working hours. Business Insider Africa presents the African countries with the longest and shortest hours worked per week The list is courtesy of the Visual Capitalist and the ILO Wholesale and retail trade sector leads in long work hours In other climes,…
When it comes to festive spending, decorations hold a special place in the hearts of many. In 2022, Cameroonians spent just over half of their holiday budget—an impressive 50%—on decorations, far surpassing other African nations. Business Insider Africa presents the 5 African countries that spent the most on Christmas decorations. The list is courtesy of…
Despite recent challenges, Sub-Saharan Africa witnessed a surge in investment deals in 2023, driven by strong interest in the region’s valuable commodities. Sub-Saharan Africa witnessed a surge in investment deals in 2023, driven by interest in valuable commodities Energy and mining sectors, particularly oil and gas and solid minerals, were hotspots for deal-making activity KPMG…
Strategy consulting can be a huge investment for small-to-medium enterprises (SMEs). When investing in consulting SME business leaders — often boards, senior executives, or management — bring in an external company like ours to offer an outside, expert perspective on their business growth gaps and opportunities. Strategy consultants usually have considerable industry knowledge and are…
The bad news is that leadership and conflict go hand-in-hand. The great news is that as a leader you can address conflict in a way that does not destroy team morale, employee engagement, healthy partnerships or your organization. “Everything rises and falls on leadership.” (John Maxwell) # [bctt tweet=”The bad news is that leadership &…
Whether you are a solo-preneur, or a growing small-to-medium business, you may need support at one time or another and consider working with freelancers. Hiring full-time staff can be costly, and you likely do not need support all the time. Freelancers can provide cost-effective expertise that can help you increase the performance and productivity of…
Service-based businesses often struggle to find the right pricing strategy that gives them a competitive edge in their market. Pricing for products is a little more straight forward. To make a profit you need to work out the cost of buying or making the product, and charge more than it cost to make it. Services…
Despite rapid advancement in smart gadgets and apps that should help us get more done in less time, entrepreneurs are still seeking ways to increase efficiency and productivity for themselves and their teams. Gone are the days of fewer choices and quicker decisions. Simplicity has become complicated and we may have gotten ourselves into a …
ScaleUp Africa is a dynamic women-led B2B Enterprise Education and Development Organisation offering advisory and growth support services to SMEs through Corporate Partnerships and Professional Networks of Venture Investors,Foundations, DFIs, Corporations and post-incubation, youth/women-led Small Businesses in Africa and the Diaspora. Late last year, The Radical Leap Company founder, Noreen Makosewe, talked to Amma Gyampo,…
Most small-business owners do not consider themselves investors. However, the sweat-equity and financial investment that goes into launching and growing a business should qualify all parties involved as investors. Taking an idea from concept to launch, then driving it further to growth is no walk in the park even for the most seasoned business leader.…
In my early leadership years I worried that vulnerability would hurt business. The perception I had back then was that effective leaders were stoic – enduring pain or hardship without showing feelings or complaining. What made the idea all the more ingrained was the harshness with which women in leadership positions, particularly black women or women…
As the world comes to terms with the aftermath of the full impact of COVID-19, it’s safe to say that the way we interact, work and do business has changed permanently for the foreseeable future. In addition to adhering to new standards of interaction when doing business, compulsory lockdowns across the globe have forced majority…
In today’s globalized world, characterized by the ever-increasing trans-boundary flow of people and goods, the further spread of epidemics and pandemics is even greater. Infectious diseases spread more quickly than they ever have before, as evidenced by SARS, Ebola, Zika and bird flu outbreaks with the largest in the 21st century being COVID-19 which has…
Business is diverse with multiple moving parts. Therefore, different aspects of business require different types of coaching. As the global market shifts rapidly catalysed by COVID-19 and lockdowns, business leaders are seeking coaches who are specialists as opposed to generalists. For example, where one coach might be highly experienced in business growth or public speaking,…
Executive coaching has evolved immensely over the years. A once sceptically-viewed practice, it is fast becoming the go-to tool used by leaders globally to boost personal excellence, elevate performance, prepare for change and take leaps to success. As the fourth industrial revolution redefines the global economic landscape, it is clear to us at The Radical Leap…
“Mobilising Ghana Beyond Aid” We had the opportunity of attending the Ghana Investment & Opportunities Summit in London, organised by the Ghana High Commission UK in partnership with the Ghana Investments Promotion Centre (GIPC). The event took place at London Hilton on Park Lane and was aptly themed: “Mobilising for Ghana Beyond Aid”. Keynote speakers included His…
As partners of iSpace Foundation in delivering the Unlocking Women and Technology (UWAT), we are pleased to share that the programme received the Google Diversity and Inclusion Award 2018. The award was handed to Josiah K. Eyison, co-founder of iSpace Foundation and lead partner of the programme. UWAT focuses on empowering women to innovate through technology. Now…
At TRLC, we help brands and business leaders start-up, scale-up or streamline for growth and profitability. Occasionally, we use our industry knowledge and expertise to support non-profits and social impact organisations that work with startups. On May 26th we supported Foundervine on day 2 of their 3-day startup hackathon, StartUp54. Foundervine is a UK-based social enterprise that has created a…
On May 16th we were at the Africa Tech Summit in London hosted by Andrew Fassnidge of AppsAfrica.com. #ATSLDN was a convention of professionals, tech experts and investors from across the world with keynotes, breakout sessions and roundtables focused on growth opportunities in the tech ecosystem across Africa. Two keynotes that stood out were How Blockchain Can Transform…
