Business Insider South Africa

2 days ago | africa.businessinsider.com | Solomon Ekanem

This move positions Ethiopia as the newest member of Africa’s oil-exporting bloc, alongside established producers such as Nigeria, Angola, Algeria, and Libya, marking a historic milestone in the country’s economic development and energy aspirations.

3 days ago | africa.businessinsider.com | Solomon Ekanem

The initiative reflects Kyiv’s evolving foreign policy, which now extends beyond Europe into African geopolitics, as the war with Russia takes on a more global dimension. Speaking to Reuters, Maksym Subkh, Ukraine’s Special Representative for the Middle East and Africa, confirmed that Kyiv is prepared to train officers and personnel from Mauritania’s armed forces.

3 days ago | africa.businessinsider.com | Solomon Ekanem

The Russian Federation is set to inaugurate the mission between September and October 2025, marking a pivotal step in Moscow’s growing engagement with Africa’s youngest nation. This move signals Russia’s formal diplomatic entry into South Sudan and reflects its broader ambition to strengthen political, economic, and security ties across the continent.

3 days ago | africa.businessinsider.com | Solomon Ekanem

While the decision to close the Strait of Hormuz awaits final approval by Iran’s Supreme National Security Council, state broadcaster Press TV confirmed that the parliamentary vote to close the strait has already been passed. The move has heightened fears of a sharp spike in global energy prices and deepened geopolitical tensions, with Washington reportedly urging Beijing to intervene and help prevent escalation.

4 days ago | africa.businessinsider.com | Solomon Ekanem

The National Bank of Rwanda (NBR) says it will impose significant penalties on businesses and individuals who quote prices, issue invoices, or conduct trade in US dollar and other foreign currencies without official approval. The crackdown on foreign currency use in Rwanda prohibits displaying prices in foreign currencies on websites, accepting foreign currency payments from local customers, and referencing foreign currency values during domestic sales negotiations.