Business Insider South Africa

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

Recent reports indicate that Nigeria has repaid the $3.4 billion emergency loan secured from the International Monetary Fund (IMF) in 2020, with the final installment paid ahead of time on April 30, 2025. This, alongside the fact that Ghana’s debt-to-GDP ratio likely fell to 54% in January 2025, down from 61.8% at the end of December 2024.

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

On Wednesday, France's foreign ministry summoned Algeria's chargé d'affaires to notify him that passport holding Algerian diplomats without visas would be removed from French soil. The French foreign ministry tagged the move; a forceful response to Algeria's "unjustified" decision.

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

Gross Domestic Product (GDP) per capita percentage increase yearly is one of the most important indices of a country's economic health and average quality of life for its citizens. While GDP quantifies the entire value of goods and services generated inside a country, GDP per capita divides that amount by the population, providing a more accurate picture of individual economic well-being.

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

These artifacts, which span millennia of Egyptian civilization, were delivered to Egyptian officials in New York in early May 2024. Earlier in the month, the office of Manhattan District Attorney Alvin L. Bragg stated that eleven antiques altogether valued at $1.4 million had been restituted to Egyptian officials. The Manhattan DA's office has returned 27 goods totaling over $6.5 million to the Egyptian government since 2022.

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

Strategic infrastructure initiatives, international alliances, and regulatory reforms are helping to establish the country as a vital energy center in southern Africa. Partnerships with other oil-producing African countries As recently reported, Mozambique's state-owned company, Petromoc, following in the footsteps of Aliko Dangote, has decided to establish an oil refinery.