According to a recently published report, there seems to be a preference for specific vehicles for car burglars in Kenya. Business Insider Africa presents the top 5 most stolen cars in Kenya. Toyotas are the most stolen cars in Kenya during the period under review. Car theft saw a 28% decrease in Kenya in 2024.…
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During a recent interview, it was revealed that Africa loses an enormous sum of money while conducting trade in foreign currencies, notably the US dollar. Africa loses substantial money in foreign currency trade, notably with the US dollar. Reliance on foreign currencies increases transaction costs, trade settlement delays, and currency rate instability. Trading with non-African…
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Given the complications the Dangote Refinery faces in sourcing crude locally, the organization has turned to Equatorial Guinea to buy crude. Dangote Refinery faces challenges in sourcing crude locally. The refinery has turned to Equatorial Guinea to buy crude. The Nigerian National Petroleum Company (NNPC) Limited has halted its naira-for-crude deal with local refineries. The…
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The Trump administration is reportedly considering broad travel ban for citizens of multiple countries, including African countries, as part of a new ban, according to sources familiar with the matter. Business Insider Africa presents the African countries considered for Trump’s potential new travel ban. Of 41 countries on the list categorized into three groups, 15…
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The US is expelling South Africa’s ambassador to Washington, with Secretary of State Marco Rubio describing him as a “race-baiting politician” with strong anti-Trump sentiments. The US is expelling South Africa’s ambassador to Washington, accusing him of being a ‘race-baiting politician’ with strong anti-Trump sentiments. South Africa’s presidency described the decision as ‘regrettable’ and stated…
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Nigeria recorded an impressive rise in its foreign trade value in 2024, reaching a total of ₦138.03 trillion, marking a 106.56% increase compared to ₦66.83 trillion in 2023, according to the National Bureau of Statistics (NBS). The sharp growth was underpinned by a robust export performance and favourable trade balances with several global partners. Nigeria’s…
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