Victor Oluwole <strong>Head and Editor at Business Insider Africa</strong>Victor has over 5 years of experience writing, reporting, and documenting the major happenings in Africa’s business landscape. He is in charge of the editorial and commercial direction for Business Insider Africa, with a driven interest to produce original stories and exclusive interviews that intellectually stimulate the pan-African audience. Articles written by the author Moniepoint reaches African unicorn status with $110 million funding boost Moniepoint Inc has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora. Coca‑Cola is planning to invest $1 billion to support long-term, sustainable growth in Nigeria Coca-Cola Hellenic Bottling Company has announced plans to invest an additional US $1 billion (<strong>N1,639,450,000,000.00</strong>) in Nigeria over the next five (5) years to further capture growth opportunities in the country's beverage market. Top 10 African countries rich people consider for citizenship A second citizenship can open the door to better safety, security, education, and health outcomes. As some countries adopt sweeping changes to immigration laws, global citizens may seek to prioritise countries which honour the freedom of movement. Jacob Zuma’s daughter becomes the 16th wife of Eswatini's King Jacob Zuma’s daughter, Nomcebo Zuma, is officially the 16th wife of the <a href="https://africa.businessinsider.com/lifestyle/these-3-wealthy-african-kings-are-worth-dollar63-billion/89262c2">King of Eswatini, formerly Swaziland</a>, following a traditional ceremony on Monday night. #EndbadGovernance: Nigeria police may seek military intervention to end violent protests The Nigerian police are on red alert and may soon seek military intervention to maintain order following a wave of violent protests that have erupted in several major cities across Nigeria. Ghana's traditional leaders urge President to act on Anti-LGBTQI bill or face God's wrath The traditional leaders cited concerns over divine retribution if the bill is not enacted, following the delays in transmitting the bill to the President for assent. MTN Nigeria reports ₦519.1 billion loss in first half of 2024 MTN Nigeria reported a substantial loss after tax of ₦519.1 billion in the first half of 2024, largely due to challenging macroeconomic conditions in Nigeria, including record-high inflation and a weaker naira. Police in Ghana ban youths from protesting high cost of living crisis The youth-led demonstrations planned to be held between July 31 and August 6 were intended to address a range of pressing issues and concerns that resonate deeply with many citizens President Museveni defends Uganda against foreign sanctions, says "nobody can threaten us" This declaration comes in the wake of sanctions imposed by the United Kingdom and the United States on Uganda’s Speaker of Parliament, Anita Among, and ministers Uganda borrows another $500 million loan, this time from South Korea The agreement, announced on Thursday, was signed by Uganda's finance minister, Matia Kasaija, and South Korea's Minister of Foreign Affairs, Cho Tae-Yul, during the Korea-Africa summit in Seoul. Chinese language gains popularity in Ugandan schools At the "Chinese Bridge" language proficiency competition in Kampala, Uganda, on June 2, 2024, Hilda Ayebare said, "All our students should learn Chinese because most of the jobs or opportunities come when you know at least two foreign languages." Top 10 African countries producing Palm Oil Here are the top 10 African countries producing palm oil, according to data from the United States Department of Agriculture: Nigeria, Cote d'Ivoire, Cameroon Top 10 best universities in Sub-Saharan Africa Despite South Africa having the most institutions in the top 10 (four), Nigeria is the most-represented nation overall, with 37 ranked institutions, led by Covenant University in seventh place. The ranking includes 88 institutions from 20 countries, including Nigeria, Ghana, Rwanda, Mauritius, Kenya and Mozambique. Ivory Coast ranks as the best-rated sovereign in Sub-Saharan Africa - report According to the index, the yield on Ivory Coast’s debt maturing in 2028 fell 13 basis points to 7.09% on Monday, the lowest since April 15. South Africa’s dollar debt due in 2030 traded at a yield of 6.9%, down from over 8.5% in October. Egypt responds to the death of Iranian President Raisi: The enemy of my enemy is my friend The Egyptian government expressed sincere condolences to Iran for the tragic death of President Ebrahim Raisi and other senior officials in a helicopter crash. Presidential Spokesman Ahmed Fahmy conveyed President Abdel Fattah al-Sisi's support and solidarity during this difficult time. China dethrones USA as the most influential global power in Africa: Report China has dethroned the United States of America (USA) as its approval ratings in the region rose six percentage points, from 52% in 2022 to 58% in 2023, two points ahead of the U.S. According to the report, <a href="https://africa.businessinsider.com/local/careers/china-is-fast-becoming-a-top-destination-for-african-students-who-want-to-study/898pd8h">China recorded its highest leadership approval rating</a> in Africa in a decade, while <a href="https://africa.businessinsider.com/local/leade... List of the smartest African Cities in 2024 the latest index identified Cairo as the smartest city in Africa in 2024. But what other African cities were included in our ranking? Here are the top 10 smart cities in Africa, according to the 2024 Smart City Index Top 10 African countries with the highest military expenditure According to the report data, a surge of military coups, the Russia-Ukrain war, and tensions in the wider region drove up military spending in Africa last year. Nigeria dethroned by Libya as Africa's largest oil producer, says OPEC Libya recorded 1.236 million barrels per day (bpd) of crude production in March, up from 1.173 million bpd recorded in February. Nigeria recorded an output of 1.23 million barrels per day in March 2024, compared to 1.32 bpd in February 2024. Kenya becomes the second African country after Nigeria to recall J&J children's cough syrup over safety concerns laboratory tests on the cough syrup - Benylin Paediatric showed a high level of diethylene glycol, which has been linked to the deaths of dozens of children in Gambia, Uzbekistan and Cameroon since 2022 
