Addis Abeba — Kenya has overtaken Ethiopia as Eastern Africa’s largest economy measured by nominal gross domestic product (GDP) in US dollar terms, according to the International Monetary Fund’s (IMF) October 2026 World Economic Outlook (WEO), a shift largely attributed to exchange-rate movements rather than faster real economic growth. The IMF’s estimates show Ethiopia’s economy…
The FDA says contaminated lettuce has been removed from the market after nearly 13,000 linked cases. Published On 11 Sep 202611 Sep 2026 United States health authorities have officially declared the nation’s largest recorded outbreak of cyclosporiasis over, after contaminated iceberg lettuce sickened nearly 13,000 people across 21 states. The Centers for Disease Control and…
United Airlines is expanding to 10 new international destinations, including Okinawa, Japan, and Ibiza, Spain. Scott Kirby, the airline’s CEO, joins “CBS Mornings” with more.
The Global Environment Facility (GEF) says Africa remains the largest regional beneficiary of its funding, receiving about 30 per cent of available resources. The Global Environment Facility (GEF), a family of funds supporting environmental action globally, says African countries are the largest beneficiaries of its funding for sustainable environmental projects. Ulrich Apel, GEF Senior Environmental…
Jessica Erobomhan Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria’s fintech ecosystem has become one of the largest in Africa, noting that the country’s growing payment ecosystem continues to attract significant investment. Jaha spoke recently in Lagos at the 2026 Stakeholders’ Retreat of the House Committee on…
At least 132 people are dead and a state of emergency has been declared after Colombia was hit by one of its largest earthquakes in years. The death toll is likely to rise, with more feared trapped under collapsed buildings. The magnitude 7.4 quake struck at 07:34 (12:34 GMT) at a depth of 103km (64…
By Ayodeji Adegboyega | Business Insider Africa ZIMBABWE approved US$1.59 billion worth of new investment projects in the second quarter of 2026, with mining and manufacturing absorbing nearly 80% of the proposed capital as the southern African country intensifies its push to build an industrial economy around its vast mineral resources. The Zimbabwe Investment and…
Shareholders of Fidson Healthcare Plc have approved a dividend of N1.50 per 50 kobo ordinary share, amounting to N3.6 billion, at the company’s 27th Annual General Meeting held virtually. In a statement, it was noted that the approval comes against the backdrop of a year in which the Company achieved key milestones in its growth…
Addis Ababa — The U.S.-based Cable News Network (CNN) has spotlighted Ethiopia’s Grand Ethiopian Renaissance Dam (GERD) as one of Africa’s most remarkable engineering achievements. The media company also portrayed the project as a symbol of the country’s broader economic transformation and infrastructure-driven development strategy. In a feature on its Connecting Africa program, CNN journalist…
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
