- Kenya has signed agreements for seven green projects, including geothermal generation plants, fertiliser production, and a renewable energy-powered data centre at the ongoing COP28 summit.
- The World Bank’s projection of Somalia’s economic growth in 2023 has been cut down from 3.6% to a revised 2.8%. This is due to several reasons. However, the World Bank placed a huge emphasis on Somalia's water system.
- AfDB's Adeshina and other African leaders, convening at this year's global climate change conference in Dubai, have emphasized the necessity for a more comprehensive global response to Africa's adaptation financing requirements.
- The foreign ministers of Burkina Faso, Mali, and Niger have proposed the establishment of a confederation as a step toward their long-term objective of uniting the West African neighbours within a federation.
- The Chairman of BUA Group, Abdulsamad Rabiu, has declined the nomination to become a member of the All Progressives Congress (APC)’s finance standing committee.
- A United Nations political mission in conflict-ridden Sudan will end on Sunday. The decision to close the mission was made by the U.N. Security Council on Friday, following a request from Sudan's acting foreign minister last month.
- Africa, the continent with the fastest-growing economy in the world, is poised for extraordinary growth. But several obstacles conceivably prevent the continent from reaching its fullest potential, not the least of which is the high cost of energy, particularly electricity.
- New findings published today by the World Health Organization (WHO) in its 2023 World Malaria Report have revealed that the number of malaria cases globally rose between 2019 (pre-pandemic) and 2022.
- In this article, we explore the vibrant economic landscape of East Africa, where a dynamic interplay of factors has propelled specific nations to the forefront of the region's economic growth.
- In recent years, the African continent has become a hotbed for entrepreneurial dynamism, with a surge in startups reshaping the economic landscape across the continent.
- On Thursday, President Joe Biden announced his plans to visit Angola in a trip that could mark the resurgence of U.S. involvement with Africa amidst global challenges.
- Despite Kenya's inflation, people in the country are using more cars now than they have in recent years, as indicated by the increase in the number of registered vehicles in the first nine months of 2023.
- The Federal Government of Nigeria, represented by the Minister of Solid Minerals Development, Mr. Dele Alake, and the United States, through Assistant Secretary for Energy and Natural Resources Geoffrey Pratt, have initiated discussions on financing mining projects in Nigeria.
- Ethiopia's economy experienced a huge blow following the grueling war in Tigray, the northernmost part of Ethiopia. As it stands, the region’s finance is in desperate need of restoration. Fortunately, some sources have disclosed that Ethiopia has successfully obtained a $1.5 billion debt relief.
- Jonathan Oppenheimer, the son of South African billionaire Nicky Oppenheimer, has taken full control of Nigeria's largest beverage can-maker, expressing confidence in the revival of Africa's largest economy.
- Burna Boy has emerged as the most streamed African artist in Sub Saharan-Africa (SSA) on Spotify for the second year in a row, according to Spotify Wrapped 2023, the annual data-led review of how people listened to music and podcasts on the platform.
- Given the implication of the cost of living, it is the number one factor most working-class individuals consider when making major personal and financial decisions. How cheap or expensive a city is determines the caliber of people it attracts. This is why most people sought after a city that…
- Strive Masiyiwa, Zimbabwe’s richest man and the founder of Econet Wireless Zimbabwe Limited, Strive Masiyiwa has taken a commendable step in advancing education for orphaned and vulnerable children in Zimbabwe.
- Verto, a fintech and payment solution founded in London has come to an agreement with the United Bank of Africa (UBA) to provide a platform for financial transactions for Kenyan entrepreneurs, small-scale businesses in the East African country, and corporations in over 190 countries.
- The African Development Bank granted Kenya a €73 million loan to aid Phase III of the Competitiveness and Economic Recovery Support Programme, with the funding extending through the fiscal year 2023-2024.
- The lawsuit against the highly contentious Ugandan-Tanzania oil project has been rejected by a regional court in East Africa. Since the project’s (Eacop) conception, several environmental and human rights groups have objected to its initiation. These organizations have emphasized the humanitarian…
- When compared to the same period in 2022, Tanzania's Foreign Direct Investments (FDI) more than doubled in Q3 of 2023. Between July and September of 2023, the East African nation received $1.05 billion in foreign direct investment (FDI) compared to $524.4 million in the same period the previous…
- Angolan billionaire Isabel dos Santos is fighting an application to freeze around £580 million ($736 million) of her assets. During a hearing at London's High Court on Wednesday, she stated that she is a target of Angola's "campaign of oppression,”
- In a recent interview with Business Insider Africa, Hassanein Hiridjee, the CEO of AXIAN Group, shed light on the key factors contributing to the company's success in navigating the complex African business landscape, with a particular focus on renewable energy, fintech, and telecoms.
- Climate change stands out as one of the most urgent global challenges, with Africa emerging as the most susceptible continent to its impacts across various climate scenarios.
- The Nigerian Government has announced its readiness to launch passport front offices in several key cities across the United Kingdom, such as Manchester, Birmingham, and Cardiff (Wales), within the next three months, starting in February 2024.
- In an exclusive interview with Business Insider Africa, Dr. Bhaskar Chakravorti, Dean of Global Business at Tufts Fletcher School, Shamina Singh, Founder and President of the Mastercard Center for Inclusive Growth, and Jordan Fabyanske, Chief Programme Officer at Dalberg Catalyst, along with Robin…
- Senegal's navy announced on Tuesday that the military has intercepted over three tonnes of cocaine from a ship anchored off the coast, marking one of the country's biggest drug hauls.
- Kenya's government has initiated an investigation into the Chinese corporation Huawei Technologies (Kenya) Ltd over a tax waiver case. The country’s parliamentary members are currently making inquiries into how the Chinese company managed to get a Ksh1.92 billion ($12.57 million) tax waiver from…
- The Labor ministry of Malawi disclosed on Monday that several of the country’s men have left for Israel, despite Israel’s ongoing conflict with Hamas, to work on desolate farms left empty because of the war. Israel and Hamas have been in a bloody conflict since October, and economic sectors in the…
- The Federal Government of Nigeria has approved the sum of N3.2 billion for the acquisition of modern scanners, aiming to streamline the manual bag-checking process at 5 major international airports in the country.
- Africa, with its stunning landscapes, isn't exactly the first place that pops into mind when you think about snow. Warmth, sunshine, and maybe some savannah adventures are all you think of.
- Nigeria’s GDP for Q3 2023, when compared to the same period in 2022 grew by 2.54% (year-on-year) in real terms. The 2023 Q3 GDP performance, when compared to Q2 of 2023 also experienced some growth, as Q2 recorded 2.51% growth. The oil sector and non-oil sector for Nigeria had different impacts on…
- It is virtually impossible to overstate the significance of low fuel prices in today's fast-paced economy. Affordably priced fuel is essential for the growth and development of any region, Africa included. This is why governments across the globe prioritize the regulation of energy costs. However…
- Zenith Bank, a leading Nigerian financial institution, is poised to make its mark in one of Europe's major markets: France, with plans to establish a presence in the European nation.
- The importance of Nigeria’s Agricultural sector cannot be overstated, given that it accounts for a third of the labor force in the country. This statistic is according to the inaugural Pricepally 2023 Stew Index Report, which details how much it costs to prepare one of Nigeria’s favorite condiments…
- Niger has initiated the operation of its mega solar power plant, mitigating the power shortages brought about by Nigeria’s exit from its power sector.
- Africa's healthcare systems are grappling with a severe shortage of African doctors due to the exodus of medical professionals leaving the continent in search for better career prospects and higher salaries in high-income countries of the Global North.
- Mozambique's government has endorsed a strategy to reduce the country's reliance on fossil fuels, estimating that its implementation by 2050 will incur a cost of $80 billion.
- A new report claims that mercenaries associated with the Wagner Group are reportedly making $10 million per month through their involvement in the ongoing conflict in Mali.