- Despite the challenges posed by the ongoing funding winter, Kenya has maintained a strong position relative to its peers in the African startup ecosystem.
- Moniepoint Inc has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora.
- The content creation and social media influencing space has grown exponentially, now worth $250 billion. Creators have evolved from just entertaining, to earning millions directly from social media platforms as seen in the latest Forbes top creators' ranking.
- With regard to variables such as taxes, subsidies, and governmental regulations, diesel costs differ significantly between African countries. Significant disparities in diesel prices result from how well an administration manages the opportunities and challenges unique to its energy market.
- It goes without saying that the primary source of energy for residents of the West African country of Nigeria, is electricity. While not an ideal figure, a little over 50% of households are connected to the national grid.
- As the world recovers from the disruptions of recent years, business travel is making a steady comeback. By 2032, Lagos, Nigeria's commercial capital is predicted to have the largest share of business travel spending in the world.
- Vasundhara Oswal, the daughter of Swiss-Indian billionaire Pankaj Oswal, has been released on bail after three weeks but will remain in Uganda to face legal battles in connection to a missing person’s case.
- Tech companies have overtaken broadcast platforms as the most valuable media brands in the 2024 Brand Finance media ranking. Major broadcast media operators, such as Disney, Fox, and NBC lost out in the ranking as tech companies dominated the top ten positions.
- Displaced persons and refugees cross Africa's Sahel and lake chad region are set to benefit from a relief fund raised through the King Salman Humanitarian Aid and Relief Centre (KSrelief). The fund was made possible via donors who raised over USD 1.1 billion to support displace persons in five…
- South African grocery retailer Pick n Pay (PIKJ.J) will exit Nigeria by selling its 51% stake in a joint venture as part of its strategy to restructure outside its home market.
- Dangote Cement Plc has made commitment to Nigeria’s clean energy future with an investment of over $280 million (₦460 billion) in compressed natural gas (CNG) technology and infrastructure.
- A new report shows that more people are now accessing the internet via mobile devices. By the end of 2023, the number of people accessing mobile internet had risen to 4.6 billion. In several African countries, the growth was no different, however a sizable number of people still lack access to the…
- The idea of ruling in perpetuity has been rampant in Africa’s democratic history. While some countries have been exemplary in upholding constitutional terms, others still linger in the prospect of consolidating power for as long as possible. Zimbabwe’s president, Emmerson Mnangagwa, has noted that…
- The 2024 Ibrahim Index of African Governance (IIAG) reveals that Africa's overall governance performance has seen minimal improvement over the past decade.
- The controversial joint oil project between Tanzania, Uganda, and external stakeholders, the East African Crude Oil Pipeline (EACOP), seem to be facing some financing challenges. As a result, its two primary foreign stakeholders, China National Offshore Oil Corporation (CNOOC), and TotalEnergies,…
- The Ghanaian foreign affairs minister, Hon. Shirley Ayorkor Botchwey, has been elected as the seventh Secretary-General of the Commonwealth. Her selection was confirmed during the 2024 Commonwealth Heads of Government Meeting (CHOGM) in Apia, Samoa.
- The Ghanaian foreign affairs minister, Hon. Shirley Ayorkor Botchwey, has been elected as the seventh Secretary-General of the Commonwealth. Her selection was confirmed during the 2024 Commonwealth Heads of Government Meeting (CHOGM) in Apia, Samoa.
- A Kenyan court has halted a $736 million government deal with India’s Adani Group to build and operate high-voltage power transmission lines. The Adani Group, founded by Indian billionaire Gautam Adani, has recently faced increased scrutiny in Kenya.
- Real GDP growth is frequently a highly reliable gauge of a nation's economic well-being. For some African countries, this index indicates a growing prospect, while others can't necessarily boast of the same. Simply put, the real GDP index oftentimes precisely illustrates the difficulties that many…
- Senegal has been removed from the global “dirty money” grey list, likely boosting investor confidence after recent negative news triggered a selloff of its eurobonds.
- African countries that depend on commodity exports for their economic growth have been advised by the International Monetary Fund (IMF), to reform their economies to tackle the uneven regional economic growth.
- Africa’s fashion scene has moved beyond “up-and-coming” and is now advancing rapidly, carving out a distinctive presence worldwide. Seychelles tops the list as Africa's most fashionable country, ranking 58th globally.
- The Kenyan sugar market has remained unstable with shop prices remaining high amid the increased production and high import of the commodity. This comes amid initial projections indicating a cut in the cost of the product.
- Together with local authorities in Haiti, Kenyan police officers sent to the Caribbean nation to combat gang violence have seen recent progress in curbing gang activity there.
- The International Monetary Fund (IMF)is set to pay Egypt a visit. The visit which is concerning an $8 billion loan will be led by Kristalina Georgieva, the director of the global lender. This is despite the fact that Egypt’s economy is projected to keep growing.
- The informal sector report 2024 recently released by Jobberman highlights the contribution of the country's informal sector as four sectors emerge the highest employers of labour. The report further provides an in-depth analysis of Nigeria's informal sector, showcasing its strengths, weaknesses,…
- Among the top 10 countries projected to drive future global population growth, five are in Africa and four are in Asia. Interestingly, while Africa’s population continues to grow, many high-income countries are either shrinking or starting to see a decline.
- Currently, South Africa is the only African member of BRICS. However, the BRICS alliance officially announced the addition of 13 new nations, including three African countries, as partner countries during the BRICS summit.
- Even the most experienced drivers may find driving in some nations including some African countries to be a daunting experience. The stress of driving these roads can easily transform a straightforward trip into a nerve-racking struggle. Reasons for this sometimes include unfamiliar road layouts,…
- Several African countries are battling a rising malware crisis. Business Insider Africa chats with Prasanna Kumar Burri, the Group Chief Information Officer of Dangote Group, at GITEX Global about the pressing cybersecurity challenges facing Africa's manufacturing and industrial sectors and…
- Several African countries are battling a rising malware crisis. Business Insider Africa chats with Prasanna Kumar Burri, the Group Chief Information Officer of Dangote Group, at GITEX Global about the pressing cybersecurity challenges facing Africa's manufacturing and industrial sectors and…
- The 2024 Ibrahim Index of African Governance (IIAG) report, the biennial dataset which assesses governance performance and trends in the 54 African countries has been released. The report covers the progress made by African countries over the past decade from 2014, to 2023.
- South African Airways (SSA) appears to be in a pickle due to its stuck R1 billion in Zimbabwe. The airline stated that it is still attempting to recover the funds from its neighboring Southern African country.
- Dangote refinery has begun selling Premium Motor Spirit, popularly called petrol directly to marketers. Sources claim that the transactions between the refinery and marketers have been favorable hence the reason why the dealings have commenced.
- The U.S. Department of State has partnered with the Nigerian government to launch a joint task force to combat illicit finance and cryptocurrency transaction. This collaboration aims to improve Nigeria's capabilities in investigating and prosecuting cybercrime by sharing expertise and resources.
- Nigeria's cabinet has approved a borrowing plan of $618 million to purchase six Italian-made M-346 attack jets along with ammunition for the country's air force.
- The Ethiopian prime minister Abiy Ahmed Ali recently aired his opinion on the influence the BRICS group of nations can exert to augment a fairer world order. He made his sentiments known at the ongoing BRICS summit. Ethiopia officially joined the BRICS group of nations on January, 1st, 2024.
- African countries with low fuel prices offer a lower cost of living, relieving economic hardships. Despite challenges, some African countries maintain affordable fuel prices, helping to reduce the cost of essentials like food and power for their inhabitants.
- Having a proper knowledge of workplace safety and the specific hazards in the high-risk industry is crucial for employees hoping to make the best out of their career. Workplace safety evaluation is however, complex due to industry-specific oversight and varying national laws.
- Idrissa Akuna Elba’s affiliation and constant fondness for Africa should come as no surprise, given the actor’s direct ancestry. Simply referred to as Idris Elba, the British actor’s father hails from Sierra Leone while his mother is of Ghanaian descent. As a result, this A list actor has been very…
- The tale of life is defined by its uncertain nature. No one truly knows for how long they will live, and while the destination is inevitable, the timing remains a profound mystery.
- The Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering since his detention in April, 2024.
- Forbes has announced the winners of the first Verified Air Travel Awards 2024, to celebrate the best airline and airport experiences. The awards highlight a range of categories from fine airport dining and lavish lounges, to top-of-the-line first-class suites and in-flight cocktail bars.
