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Ghana joins France and the UK to back Morocco against Algeria

2 days ago | africa.businessinsider.com | Chinedu Okafor

Similar to the United Kingdom, Ghana stated on Thursday that the Moroccan autonomy plan is the sole basis for settling the Western Sahara dispute within the framework of the UN. Ghana considers the autonomy plan "as the only realistic and sustainable basis to a mutually agreed solution to the issue," said a joint statement issued after talks between Ghana's foreign minister, Samuel Okudzeto Ablakwa, and his Moroccan counterpart, Nasser Bourita, in Rabat.
Top 10 African countries with the lowest GDP growth in 2025 compared to last year

2 days ago | africa.businessinsider.com | Chinedu Okafor

Numerous obstacles and drawbacks for the continent's growth trajectory are presented by this declining tendency. These nations have the potential to influence trade patterns and regional integration by serving as pillars of stability and economic power in their respective areas.
5 Nigerian children have been counted among the 35 Nigerians deported from Ireland

3 days ago | africa.businessinsider.com | Chinedu Okafor

Immigration officials confirmed that the five children and nine women were among were deported, given that they were among the family members of the deportees, as per a statement from the Garda National Immigration Bureau (GNIB), which led the operation “Ireland has a rules-based immigration system. It is important that those rules are robust and enforced.
Bill Gates hints at how Africa is becoming the 'most interesting continent' this century

3 days ago | africa.businessinsider.com | Chinedu Okafor

When asked what he would do differently in the next 20 years concerning his efforts in Africa, given that over the last 25 years, the American billionaire was stated to have helped Africa achieve some great things, Bill Gates alluded to Africa’s young population. “The amazing thing about Africa, and I show people this slide all the time, is that it is a very young continent. The portion of children born in Africa is going to be over half during this century.
Top 5 major African cities with the lowest purchasing power mid-way into 2025

3 days ago | africa.businessinsider.com | Chinedu Okafor

While some cities are seeing an increase in their consumer power, others are suffering from the negative effects of inhabitants' declining purchasing power. Many urban people in cities like Lagos, Harare, and Kinshasa are unable to buy basic products and services due to economic issues exacerbated by inflation, weak currencies, and slow wage growth. The consequences are extensive and extremely worrisome.
Nigerians would need to pay more for Netflix despite diminishing purchasing power

3 days ago | africa.businessinsider.com | Chinedu Okafor

The Basic plan now costs ₦4,000, up from ₦3,500, and the Mobile plan is now ₦2,500, up from ₦2,200. This new adjustment comes after previous increases in July 2024, further pinching customers in a country dealing with economic contraction and rising inflation.
Oldest NATO states

4 days ago | africa.businessinsider.com | Chinedu Okafor

Since its inception in 1949, NATO has evolved into a complex alliance that shapes global norms, enables interoperability, and allows member countries to project collective strength diplomatically and militarily. NATO nations coordinate defense policies, standardize equipment, and carry out coordinated actions. This interoperability is crucial during crises, allowing forces from different countries to work effortlessly together.
Internet usage in Nigeria dips as tariff cost spikes

4 days ago | africa.businessinsider.com | Chinedu Okafor

According to recent data given by the Nigerian Communications Commission, total internet usage decreased from 1,000,930.60 terabytes in January to 983,283.43 terabytes in April, marking a 1.76 percent fall over the three months. The dip in data usage is a result of the NCC’s decision to increase data tariffs by 50%.
Top 5 African cities with the highest purchasing power mid-way into 2025

4 days ago | africa.businessinsider.com | Chinedu Okafor

People's entire quality of life greatly increases when they can afford good housing, healthcare, education, transportation, and leisure. Families are better equipped to invest in their children's futures, afford healthier lifestyles, and break free from the cycles of poverty and dependency in African cities with high purchasing power. Residents with high purchasing power have more money to spend, which directly stimulates local businesses.
From disruptors to dominators: Moniepoint moves to buy Kenyan bank

5 days ago | africa.businessinsider.com | Chinedu Okafor

While Moniepoint's acquisition of 78% of the Nairobi-based financial institution has been approved by the Competition Authority of Kenya (CAK), the deal is yet to be finalized. In a statement shared with Techpoint Africa, Moniepoint noted that “regulatory approval has been received from the Competition Authority of Kenya for a potential transaction with Sumac Microfinance Bank.