Business Insider Africa
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Meghan Markle's outfit choice during Nigeria visit
Meghan Markle, the Duchess of Sussex, is under scrutiny for her choice of attire, which has garnered attention online after her three-day trip to Nigeria. The Duchess of Sussex during her Nigeria visit wore a backless, beige maxi dress named “Windsor” by designer Heidi Merrick, causing a stir among observers and social media commentators. Meghan Markle's choice of attire during her visit to Nigeria sparked controversy.She wore a backless, beige maxi dress named 'Windsor' by designer Heidi Merrick, paired with gold jewelry and a traditional wooden beaded necklace.Critics perceived her choice of...
Business Insider Africa
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IMF tells Nigerian government to stop electricity and fuel subsidy
The International Monetary Fund has again urged the Nigerian government to eliminate subsidies for fuel and electricity once the social protection scheme has been enhanced. The International Monetary Fund has again urged the Nigerian government to eliminate subsidies for fuel and electricity once the social protection scheme has been enhanced.The IMF projected that the implicit fuel subsidy could reach as high as N8.4 trillion in 2024.The IMF projects that the electricity subsidy paid to customers under Bands B, C, D, and E is expected to reach N540 billion by the end of 2024.According to a re...
Business Insider Africa
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10 African countries that have the lowest number of airlines in 2024
Africa's aviation ecosystem is a thriving industry with several airlines, with operations ranging from large-scale to modest. While some countries boast a multitude of carriers, others find themselves with fewer options. Business Insider Africa presents 10 African countries that have the lowest number of airlines in 2024.The list is based on the data from Planespotters.net.African airlines and aviation companies have been investing heavily in expanding their fleets and networks.While road networks and water transportation may face limitations, especially in regions with abundant water or landl...
Business Insider Africa
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Mauritius considering partnership with Russia
The Island country of Mauritius is looking to join the list of African countries partnering with Russia. The country, according to reports seems eager to leverage its partnership with the Eastern superpower, which paid off last year. This comes at a time when Russia's influence across the continent appears to be on a meteoric rise. Mauritius is seeking to partner with Russia, as Russia's influence in Africa is growingMauritius's ambassador to Russia praised Russia's contribution to his country's growthMauritius plans to initiate the use of Russian Mir payment cardsIn April 2023, Mauritius’s am...
Business Insider Africa
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Dangote ranks as 6th richest manufacturing billionaire in the world
Africa’s richest man, Aliko Dangote, has ranked 6th on the list of the richest manufacturing billionaires in the world. Africa’s richest man, Aliko Dangote, has ranked 6th on the list of the richest manufacturing billionaires in the world.With a net worth of $14.3 billion, Dangote is the founder of Dangote Cement, thelargest cement producer in sub-Saharan Africa.Dangote describes manufacturing as one of the potent ways of lifting people out of poverty through the creation of gainful employment.With a net worth of $14.3 billion, Dangote is the founder of Dangote Cement, thelargest cement produc...
Business Insider Africa
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Here’s the African city ranked as the second-best city in the world in 2024
An unparalleled rate of urbanization is changing economies, communities, and landscapes throughout the African continent. African cities are developing quickly due to several triggers including infrastructural investment, economic growth, and population increase. The continent's course has changed significantly as a result of this development, which offers its citizens a better standard of life. Cape Town ranked 2nd best city globally by Time Out, according to a survey.The survey highlights residents' happiness, with 100% finding the city attractive.Cape Town's vibrant culture scene tops the g...
Business Insider Africa
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American Express: Nigeria Expansion and Strategic Partnerships
In an engaging and detailed interview, Mohammed Badi, President of Global Network Services at American Express, alongside Briana Wilsey, Vice President and General Manager of Global Network Services EMEA at American Express, shared their strategic insights and plans for American Express, particularly focusing on their expansion in Africa with a special emphasis on Nigeria. American Express is focusing on expanding its presence in Africa, particularly in NigeriaThe company plans to increase its presence in Africa, with a current operation in 30 countries and a goal to expand to 42 countries in ...
Business Insider Africa
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Nigeria’s government is considering taking its sight off low-income earners
The subject of tax in Nigeria has taken an interesting turn with the new suggestion from the fiscal policy and tax reforms committee. For over a year now, there has been debate on whether to tax Nigeria’s informal sector or not. There has also been a discussion surrounding the feasibility of such an initiative. A new proposed tax relief aims to support the growth of Nigeria's informal sector.Targeted tax measures to focus on middle-class, wealthy, and top earners.There were calls for cooperation to ensure fair and effective implementation of new tax policies.A report seen in the Nigerian newsp...
Business Insider Africa
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Major internet outages reported across Africa again
On Sunday, a significant internet disruption was observed across East and South Africa due to a submarine cable cut. On Sunday, a significant internet disruption was observed across East and South Africa due to a submarine cable cut.Internet users in Kenya, Tanzania, Rwanda, and Uganda are experiencing poor connectivity.In March, parts of West and Southern Africa also faced a similar outage.Internet users in Kenya, Tanzania, Rwanda, and Uganda are experiencing poor connectivity, with service providers across East Africa acknowledging the issue. Industry expert Ben Roberts informed the BBC that...
Business Insider Africa
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Egypt snubs Israel, refusing to cooperate for aid supply
As reported by Egypt’s state-affiliated Alqahera News satellite TV, the North African country of Egypt has refused to cooperate with Israel on the flow of supplies into Gaza from the Rafah border owing to Israel’s “unacceptable escalation”. A senior official was cited for this information. The official noted that Egypt was unhappy with how Israel handled the situation. Egypt refuses cooperation with Israel on Gaza supply flow, citing unacceptable escalation.Israel's control of the Rafah border prompts Egypt to halt supply coordination, blaming Israel for conflict escalation.Tensions rise as Eg...
Business Insider Africa
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