Adekunle Agbetiloye

<ul><li>Business Insider Africa presents the happiest cities in Africa in 2024.</li><li>The list is courtesy of <a href="https://happy-city-index.com/">Happy City Index</a>.</li><li> Only four African countries made it onto the list, with three hailing from South Africa.</li></ul>

Human happiness is influenced by a variety of factors, including a sense of security, family relationships, and the fulfilment of dreams. However, the environment we live in, specifically, our cities, also plays a crucial role in shaping our overall happiness. Investments in urban development that foster interpersonal relationships and implement inclusive social policies are vital in this equation.

The <a href="https://happy-city-index.com/">Happy City Index</a>, developed by researchers at the Institute for Quality of Life, reveals that happiness is influenced by a range of interconnected factors. Released annually, this index aims to objectively assess what matters most to city dwellers and evaluate their sense of happiness. By analyzing objective data, utilizing open information, and conducting resident interviews (quantitative research), researchers identify and evaluate cities across 24 different areas of activity. These areas are categorized into five key domains: Citizens, Governance, Environment, Economy, and Mobility.

<a href="https://africa.businessinsider.com/local/lifestyle/top-10-happiest-african-countries-in-2024-according-to-the-un/smb23y9">DON'T MISS THIS: Top 10 happiest African countries in 2024 according to the UN </a>

From extensive research, one key insight emerges: it is impossible to pinpoint a single city that can be universally regarded as the best at ensuring the long-term happiness of its citizens. The concept of a "happy city" varies significantly among different demographics.

Rather than identifying a singular leader in urban happiness, it is more equitable to recognize a group of cities dedicated to cultivating and enhancing happiness. These cities prioritize education, inclusive policies, a robust economy, mobility, environmental protection, and access to green spaces.

Per the index, only four African countries made it onto the list, with three hailing from South Africa.

<h3>Below are the happiest cities in Africa in 2024:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">City</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">index</th><th colspan="null" rowspan="null">Global rank</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Capetown</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">1285,2</td><td colspan="null" rowspan="null">200</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">Victoria</td><td colspan="null" rowspan="null">Seychelles</td><td colspan="null" rowspan="null">1276,8</td><td colspan="null" rowspan="null">207</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Durban</td><td colspan="null" rowspan="null">Republic of South Africa</td><td colspan="null" rowspan="null">1243,2</td><td colspan="null" rowspan="null">225</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Johannesburg</td><td colspan="null" rowspan="null">Republic of South Africa</td><td colspan="null" rowspan="null">1195,2</td><td colspan="null" rowspan="null">250</td></tr></table>

Business Insider Africa presents the happiest cities in Africa in 2024.

Happiest cities in Africa in 2024

<ul><li>Business Insider Africa presents the top 10 banks in Africa in 2024.</li><li>The list is courtesy of <a href="https://african.business/2024/09/finance-services/africas-top-100-banks-2024-going-global#:~:text=South%20Africa's%20banking%20giant%20Standard,for%20the%20last%20four%20years.">African Business Magazine</a>.</li><li>South Africa’s Standard Bank Group has consistently held the title of Africa's top bank year after year.</li></ul>

African banks are taking a lead in drawing together the continent’s economies, and increasingly operate across borders.

The biggest banks continue to be the winners, both at working across different jurisdictions and at adopting new technology and adapting to it, and their healthy finances and global networks ensure they are likely to feature in Africa’s Top 100 Banks 2024.

<a href="https://africa.businessinsider.com/local/markets/top-10-african-countries-and-their-contribution-to-africas-gdp/7ndpb3k#:~:text=As%20of%202023%2C%20Egypt%20held,in%20third%20place%20with%2012.50%25.&amp;text=Business%20Insider%20Africa%20presents%20the,list%20is%20courtesy%20of%20IMF.">DON'T MISS THIS: Top 10 African countries and their contribution to Africa’s GDP </a>

South Africa’s Standard Bank Group has consistently held the title of Africa's top bank year after year, while the National Bank of Egypt has maintained second place for the past four years. Standard Bank also dominates when it comes to net profit or loss, with a strong rise to $2.7bn profit, up 18% on the year before.

Although the gap between the two has narrowed slightly, Standard Bank still holds a significant lead with Tier 1 capital of $12.5 billion, making it over two-thirds larger than its competitor, which has $7.5 billion in Tier 1 capital.

Morocco’s Attijariwafa Bank has risen three spots to claim third place after its Tier 1 capital, the key measure in the annual ranking, saw a solid 12% increase, reaching $6 billion.

Notably, Africa’s other major banks have seen their core operating capital shrink compared to the 2023 rankings. The dramatic decline of Nigeria’s naira against the US dollar (USD) has impacted this year’s rankings, as banks report their figures in local currency.

<a href="https://africa.businessinsider.com/local/markets/top-10-african-countries-with-the-highest-gdp-growth-rate-in-2024/bb58kg9">DON'T MISS THIS: Top 10 African countries with the highest GDP growth rate in 2024</a>

Nigeria’s leading bank by Tier 1 ranking is FBN Holdings (First Bank of Nigeria), which is currently ranked 15th, a drop of one spot, with a capital of $1.9 billion. It’s closely followed by Access Bank in 16th place and Zenith Bank in 17th, which has fallen from last year’s top position for Nigerian banks, where it was ranked 12th.

<h3>Below are the top 10 banks in Africa in 2024, according to African Business Magazine:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Bank name</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">Date</th><th colspan="null" rowspan="null">Tier One Capital (USD millions)</th><th colspan="null" rowspan="null">Total Assets (USD millions)</th><th colspan="null" rowspan="null">Net Profit/Loss (USD millions)</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Standard Bank Group</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">December 31, 2023</td><td colspan="null" rowspan="null">13</td><td colspan="null" rowspan="null">167</td><td colspan="null" rowspan="null">3</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">National Bank of Egypt</td><td colspan="null" rowspan="null">Egypt</td><td colspan="null" rowspan="null">June 30, 2023</td><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">155</td><td colspan="null" rowspan="null">588</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Attijariwafa Bank</td><td colspan="null" rowspan="null">Morocco</td><td colspan="null" rowspan="null">December 31, 2023</td><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">67</td><td colspan="null" rowspan="null">916</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Absa Bank</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">December 31, 2023</td><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">83</td><td colspan="null" rowspan="null">455</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Banque Centrale Populaire</td><td colspan="null" rowspan="null">Morocco</td><td colspan="null" rowspan="null">December 31, 2023</td><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">53</td><td colspan="null" rowspan="null">418</td></tr><tr><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">Banque Misr</td><td colspan="null" rowspan="null">Egypt</td><td colspan="null" rowspan="null">December 31, 2022</td><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">104</td><td colspan="null" rowspan="null">1</td></tr><tr><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">FirstRand</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">June 30, 2023</td><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">88</td><td colspan="null" rowspan="null">1</td></tr><tr><td colspan="null" rowspan="null">8</td><td colspan="null" rowspan="null">Nedbank</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">December 31, 2023</td><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">67</td><td colspan="null" rowspan="null">641</td></tr><tr><td colspan="null" rowspan="null">9</td><td colspan="null" rowspan="null">Banque Extérieure d'Algérie</td><td colspan="null" rowspan="null">Algeria</td><td colspan="null" rowspan="null">December 31, 2022</td><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">34</td><td colspan="null" rowspan="null">318</td></tr><tr><td colspan="null" rowspan="null">10</td><td colspan="null" rowspan="null">Bank of Africa - BMCE Group</td><td colspan="null" rowspan="null">Morocco</td><td colspan="null" rowspan="null">December 31, 2023</td><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">39</td><td colspan="null" rowspan="null">412</td></tr></table>

Business Insider Africa presents the top 10 banks in Africa in 2024.

Top 10 banks in Africa in 2024

<ul><li>Business Insider Africa presents the top 5 African countries with the largest attack helicopters fleet.</li><li>In Africa, Egypt leads the pack with 100 attack helicopters, ranking 7th globally.</li><li>The list is courtesy of Global Firepower.</li></ul>

African countries vary significantly in terms of military strength and warfare capabilities. In previous articles, Business Insider Africa has explored various aspects of military power, from the nations with the strongest forces to those with the largest defence budgets.

Algeria, for example, holds the top spot for the highest defence budget in Africa in 2024, ranking 22nd globally. Morocco and Egypt follow closely, with global rankings of 29th and 35th, respectively.

<a href="https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-defence-budget-in-2024/t73yqxb">DON'T MISS THIS: 10 African countries with the highest defence budget in 2024</a>

On the other hand, Egypt is ranked as the most powerful military force on the continent, holding the 15th position globally. Algeria and South Africa come in second and third in Africa.

In its military report rankings, <a href="https://www.globalfirepower.com/aircraft-helicopters-attack.php">Global Firepower</a> indicates that these countries differ even in the size of their attack helicopter fleets.

According to the report, attack helicopters are specialized military assets typically used by the army or air force to provide firepower and close air support (CAS) for ground troops.

These helicopters are designed to destroy armoured vehicles and engage enemy positions, making them critical tools in battlefield operations. The most well-known models include the Boeing AH-64 Apache, Eurocopter Tiger, and Kamov Ka-52 Alligator/Mi-28 Havoc.

<a href="https://africa.businessinsider.com/local/leaders/10-african-countries-with-the-strongest-military-power-in-2024/rfgehk2">DON'T MISS THIS: 10 African countries with the strongest military power in 2024</a>

In Africa, Egypt leads the pack with 100 attack helicopters, ranking 7th globally. Following Egypt, Algeria comes in with 75 helicopters, placing it 9th globally.

Sudan also has a noteworthy presence, with 35 helicopters, putting it at 19th globally. These rankings show just how much these countries are investing in building strong, capable air forces to boost their military strength.

<h3>Below are the the top 5 African countries with the largest attack helicopter fleets:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">Attack helicopter fleet</th><th colspan="null" rowspan="null">Global rank</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Egypt</td><td colspan="null" rowspan="null">100</td><td colspan="null" rowspan="null">7th</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">Algeria</td><td colspan="null" rowspan="null">75</td><td colspan="null" rowspan="null">9th</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Sudan</td><td colspan="null" rowspan="null">35</td><td colspan="null" rowspan="null">19th</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Angola</td><td colspan="null" rowspan="null">15</td><td colspan="null" rowspan="null">40th</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Nigeria</td><td colspan="null" rowspan="null">15</td><td colspan="null" rowspan="null">42nd</td></tr></table>

Top 5 African countries with the largest attack helicopter fleets

Business Insider Africa presents the top 5 African countries with the largest attack helicopters fleet.

<ul><li>Business Insider Africa presents the 5 major factors driving positive perceptions of the U.S in Africa.</li><li>The list is courtesy of&nbsp;<a href="https://ichikowitzfoundation.com/storage/reports/September2024/GSLcmLTnruHzhTrIuDOV.pdf">2024 African Youth Survey</a>.</li><li>Nearly two-in-five African youth (38%) now view the US’s influence as ‘very positive.’</li></ul>

Despite the fluctuating influence of foreign powers in Africa over recent years, the United States has managed to stabilize its presence in 2024, with 70% of African youth recognizing its impact.

This follows a dip from 78% in 2020 to 69% in 2022. While China leads slightly at 76%, the U.S. remains a key player in the region, with young Africans viewing it as one of the most significant external forces.

<a href="https://africa.businessinsider.com/local/markets/5-major-factors-driving-positive-perceptions-of-china-in-africa/kfe2qgn">DON'T MISS THIS: 5 major factors driving positive perceptions of China in Africa </a>

Looking ahead, there is an expectation among African youth that American political and business leaders like Joe Biden, Donald Trump, Bill Gates, Elon Musk, and Mark Zuckerburg, will be among the most impactful foreign leaders in Africa in the next five years.&nbsp;

Though positive perceptions of U.S. influence have climbed from 75% in 2022 to 79% in 2024, they still lag behind the high of 87% in 2020.

Nonetheless, nearly two-in-five African youth (38%) now view the US’s influence as ‘very positive’, primarily citing the provision of important loans and economic support.

Among the 21% of youth who hold a negative perception of U.S. involvement, concerns are primarily focused on the extraction of natural resources without fair compensation or benefit to local communities (36%).

<a href="https://africa.businessinsider.com/local/markets/10-african-currencies-that-have-chinese-funded-projects-on-them/93e5gwf">DON'T MISS THIS:10 African currencies that have Chinese-funded projects on them </a>

Additionally, nearly a third are wary of U.S. interference in their domestic affairs (32%), while others see American investments as a form of economic colonialism (31%). Scepticism also stems from a belief that the U.S. lacks respect for local values and traditions (31%) and that American loans could burden their countries with long-term repayment challenges (29%).

<h3>Below are the 5 major factors driving positive perceptions of the U.S in Africa:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Perception drivers</th><th colspan="null" rowspan="null">Perception %</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Loans &amp; economic support</td><td colspan="null" rowspan="null">41%</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">Employment opportunities</td><td colspan="null" rowspan="null">33%</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Infrastructure development</td><td colspan="null" rowspan="null">33%</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Workforce training and development</td><td colspan="null" rowspan="null">30%</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Exportation of goods</td><td colspan="null" rowspan="null">27%</td></tr></table>

5 major factors driving positive perceptions of the U.S in Africa

Business Insider Africa presents the 5 major factors driving positive perceptions of the U.S in Africa.

5 major factors shaping positive views of America in Africa

<ul><li>Business Insider Africa presents 5 factors driving positive perceptions of China in Africa.</li><li>The list is courtesy of&nbsp;<a href="https://ichikowitzfoundation.com/storage/reports/September2024/GSLcmLTnruHzhTrIuDOV.pdf">2024 African Youth Survey</a>.</li><li>Nearly all youth in Rwanda and Chad feel positively about China’s influence (both at 96%), followed closely by Kenya (95%) and Nigeria (93%).</li></ul>

Seven in ten Africans express concern about the influence of foreign powers, with China and the US being perceived as the most influential. Interestingly, many view this influence positively, according to <a href="https://ichikowitzfoundation.com/storage/reports/September2024/GSLcmLTnruHzhTrIuDOV.pdf">2024 African Youth Survey</a>.

The survey commissioned by the Johannesburg-based Ichikowitz Family Foundation surveyed 5,604 people between the ages of 18 and 24 in Botswana, Cameroon, Chad, the Republic of the Congo, Ivory Coast, Ethiopia, Gabon, Ghana, Kenya, Malawi, Namibia, Nigeria, Rwanda, South Africa, Tanzania and Zambia.

African youth still see China as the biggest international player in their countries, but its perceived influence is on the decline. Back in 2020, 83% of young people felt China had a strong influence, but that number dropped to 79% in 2022 and then to 76% in 2024.

This shift mirrors broader trends, like China's slowing economic growth, the fallout from the COVID-19 pandemic, ongoing US-China trade tensions, changing patterns in China's investments, and rising concerns about debt. All these factors are reshaping the economic and political relationship between China and African nations.

Despite the overall decline in perceived influence, positive sentiments among African youth regarding China’s impact on their countries have risen from 78% in 2022 to 82% in 2024.

Nearly all youth in Rwanda and Chad feel positively about China’s influence (both at 96%), followed closely by Kenya (95%) and Nigeria (93%).

Below are 5 major factors driving positive perceptions of China in Africa:

<h3>1) Chinese products affordability - 41%</h3>

One of the key drivers behind positive perceptions of China is the affordability of Chinese products, cited by 41% of respondents. China's ability to produce a wide range of goods at lower prices has made everyday items accessible to many in developing countries.

From electronics to clothing and household goods, the influx of affordable Chinese products has impacted consumer markets. This affordability allows individuals and families to stretch their purchasing power.

<a href="https://africa.businessinsider.com/local/markets/10-african-currencies-that-have-chinese-funded-projects-on-them/93e5gwf">DON'T MISS THIS: 10 African currencies that have Chinese-funded projects on them</a>

<h3>2) Infrastructure development - 40%</h3>

China-infrastructure-development-in-Africa

China’s investments in infrastructure development, noted by 40% of respondents, are another major factor contributing to its positive image.

<a href="https://africa.businessinsider.com/local/leaders/african-leaders-arrive-in-china-for-the-third-belt-and-road-forum/hw0935s">China’s Belt and Road Initiative</a> (BRI), often dubbed the New Silk Road, is one of the most ambitious infrastructure ventures ever undertaken, and its impact is felt deeply on the continent. This initiative has facilitated the construction of projects, including power plants, railways, highways, ports, and telecommunications infrastructure across the region.

While China's massive infrastructure investments hold the potential to usher in a new era of trade and economic growth for African economies, there are concerns among sceptics that China might be laying a debt trap for borrowing governments.

<a href="https://africa.businessinsider.com/local/lifestyle/10-african-countries-with-the-highest-debt-to-china/6zkd9nf">DON'T MISS THIS: 10 African countries with the highest debt to China</a>

<h3>3) Loans &amp; economic support - 35%</h3>

Provision of loans and economic support is also a major driver of favourable views toward China, with 35% recognizing this contribution.

In many developing nations, <a href="https://africa.businessinsider.com/local/markets/chinas-lending-to-africa-sees-first-increase-in-seven-years/6zy33ns">China's financial assistance</a> has been a lifeline, offering funds for large-scale projects that might otherwise be unattainable.

While African countries have gained a lot from these loans, there are growing worries about the long-term costs—like rising debt and threats to economic independence.

<h3>4) Employment opportunities - 30%</h3>

China's role in creating employment opportunities in host countries is also a notable factor, with 30% acknowledging this benefit.

Chinese companies operating abroad often hire local labour for construction projects, manufacturing plants, and retail enterprises. This employment generation contributes to unemployment rate reduction and provides skill development for local workers.

However, there are also concerns about labour practices and working conditions.

<h3>5) Exportation of goods - 22%</h3>

Lastly, 22% of respondents viewed China positively as providing a market for their country’s exports.

Over the last 20 years, China has become sub-Saharan Africa’s&nbsp;<a href="https://www.weforum.org/agenda/2024/06/why-strong-regional-value-chains-will-be-vital-to-the-next-chapter-of-china-and-africas-economic-relationship/">largest bilateral trading partner</a>. Around 20% of the region’s exports now go to China and about 16% of Africa’s imports come from China, according to the International Monetary Fund (IMF). In 2023, this relationship reached a record total trade volume of <a href="https://www.scmp.com/news/china/diplomacy/article/3250552/china-africa-trade-hit-282-billion-2023-africas-trade-deficit-widens-commodity-prices-key-factor">$282 billion</a>.

5 factors driving positive perceptions of China in Africa

Seven in ten Africans express concern about the influence of foreign powers, with China and the US being perceived as the most influential. Interestingly, many view this influence positively.

5 major factors driving positive perceptions of China in Africa

<ul><li>Business Insider Africa presents the top 10 African countries that hold the most powerful passport.</li><li>The list is courtesy of <a href="https://www.henleyglobal.com/passport-index/ranking">Henley Passport Index</a>.</li><li>Seychelles holds the most powerful passport in Africa, offering visa-free access to 151 countries.</li></ul>

Have you ever thought about why a strong passport is so important? A strong passport allows citizens to travel without the burden of applying for visas.

The benefits of a strong passport are clear: easier access to more destinations, smoother travel experiences, and even better chances of avoiding long queues at border control.&nbsp;

It also reflects the global standing and diplomatic strength of a country, often opening doors to better opportunities abroad.

<a href="https://africa.businessinsider.com/local/lifestyle/10-african-countries-with-the-strongest-passports-mid-way-into-2024/z60n08h">DON'T MISS THIS: 10 African countries with the strongest passports mid-way into 2024 </a>

The latest <a href="https://www.henleyglobal.com/passport-index/ranking">Henley Passport Index</a> has revealed the countries with the most powerful passports in the world.&nbsp;

The Henley Passport Index is based on exclusive data from the International Air Transport Association (IATA) – the largest, most accurate travel information database – and enhanced by Henley &amp; Partners’ research team.&nbsp;

The index includes 199 different passports and 227 different travel destinations. Updated monthly, the Henley Passport Index is the most robust and reliable index of its kind.

According to the latest update, citizens from countries with powerful passports, like Singapore, France and Germany, can visit several countries without the need for a visa.&nbsp;

<a href="https://africa.businessinsider.com/local/lifestyle/top-10-african-countries-with-the-highest-freedom-of-expression-in-2024/d2rjse3">DON'T MISS THIS: Top 10 African countries with the highest freedom of expression in 2024 </a>

In Africa, Seychelles holds the most powerful passport, offering visa-free access to 151 countries and ranking 24th globally.

Mauritius follows closely with visa-free access to 150 countries, ranking 28th worldwide, while South Africa's passport provides access to 106 countries, placing it 47th globally.

<h3>Below are the top 10 African countries that hold the most powerful passport:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">Visa-Free Destinations</th><th colspan="null" rowspan="null">Global rank</th></tr><tr><td colspan="null" rowspan="null">1.</td><td colspan="null" rowspan="null">Seychelles</td><td colspan="null" rowspan="null">151</td><td colspan="null" rowspan="null">24th</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">Mauritius</td><td colspan="null" rowspan="null">150</td><td colspan="null" rowspan="null">28th</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">106</td><td colspan="null" rowspan="null">47th</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Botswana</td><td colspan="null" rowspan="null">88</td><td colspan="null" rowspan="null">56th</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Namibia</td><td colspan="null" rowspan="null">81</td><td colspan="null" rowspan="null">61st</td></tr><tr><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">Lesotho</td><td colspan="null" rowspan="null">79</td><td colspan="null" rowspan="null">63rd</td></tr><tr><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">Eswatini</td><td colspan="null" rowspan="null">77</td><td colspan="null" rowspan="null">64th</td></tr><tr><td colspan="null" rowspan="null">8</td><td colspan="null" rowspan="null">Kenya</td><td colspan="null" rowspan="null">75</td><td colspan="null" rowspan="null">66th</td></tr><tr><td colspan="null" rowspan="null">9</td><td colspan="null" rowspan="null">Malawi</td><td colspan="null" rowspan="null">75</td><td colspan="null" rowspan="null">66th</td></tr><tr><td colspan="null" rowspan="null">10</td><td colspan="null" rowspan="null">Tanzania</td><td colspan="null" rowspan="null">73</td><td colspan="null" rowspan="null">67th</td></tr></table>

10 least powerful African passports in 2024

Business Insider Africa presents the top 10 African countries that hold the most powerful passport.

Top 10 African countries that hold the most powerful passport

<ul><li>Business Insider Africa presents the top low cost airlines in Africa in 2024.</li><li>The introduction of low-cost airlines (LCCs) has offers more affordable options for travellers.&nbsp;</li><li>The list is courtesy of <a href="https://skytraxratings.com/airlines?types=low_cost&amp;regions=africa#google_vignette">Skytrax</a>.</li></ul>

Air travel, celebrated for its convenience and speed, has become increasingly important in Africa, a continent known for its vast distances and challenging terrains.

However, steep prices have historically hindered many people from accessing this mode of transport. The introduction of low-cost airlines (LCCs) has begun to change this landscape, offering more affordable options for travellers.

<a href="https://africa.businessinsider.com/local/lifestyle/10-best-performing-airlines-in-africa-2024/tfc7b21#:~:text=airport%20and%20onboard.-,Ethiopian%20Airlines%20won%20the%20best%20airline%20on%20the%20continent%20for,been%20pivotal%20to%20our%20success.">DON'T MISS THIS: 10 best performing airlines in Africa 2024</a>

These airlines charge varying prices for their services, with some managing to offer significantly lower fares. Below are the top low-cost airlines in Africa according to <a href="https://skytraxratings.com/airlines?types=low_cost&amp;regions=africa#google_vignette">Skytrax</a>.

Fastjet, an African budget airline, commenced operations in 2012. Presently, it provides flights from Harare, Bulawayo, and Victoria Falls to Johannesburg in South Africa, as well as from Victoria Falls to Kruger Nelspruit Mpumalanga in South Africa. Since its inception, Fastjet has transported more than 3.5 million passengers, solidifying its reputation as a dependable African airline.

FlySafair took flight in October 2014, yet its parent company, Safair, boasts a remarkable 50-year legacy. This low-cost South African airline is headquartered in Johannesburg, South Africa. The company boasts a fleet of 22 aircraft, comprising five B734 classics and the remaining as B738 NGs.

Editor's Note: This article has been updated with the latest information. After further research, Kulula and Mango airlines have been removed from the list because they have ceased operations.

Top African airlines offering low-cost flights in 2024

Business Insider Africa presents the top low cost airlines in Africa in 2024.

<ul><li>Business Insider Africa presents 10 African countries with the lowest number of internet users in 2024.</li><li>The list is courtesy of&nbsp;<a href="https://www.statista.com/statistics/505883/number-of-internet-users-in-african-countries/">DataReportal</a>.</li><li>Burkina Faso and Benin both have a relatively low number of internet users, with 4.69 million each.</li></ul>

In an earlier report, we noted that the internet is now an important part of our everyday lives, and it has greatly changed how we communicate, work, learn, and get information. We have seen it spur economic growth, open up new opportunities, and connect people worldwide.

<a href="https://africa.businessinsider.com/local/lifestyle/10-african-countries-with-the-highest-number-of-internet-users-in-2024/mjrgvbr">DON'T MISS THIS: 10 African countries with the highest number of internet users in 2024</a>

Because of this, the number of internet users around the world keeps climbing, driven by factors like the increasing availability of affordable devices, improved connectivity, and the proliferation of digital services.

Despite Africa's rapid strides in technology and innovation, a huge portion of the population is not connected to the internet

Africa is home to some of the fastest-growing tech hubs in the world, yet it also has one of the lowest internet penetration rates globally, particularly in rural areas where connectivity is sparse or nonexistent.

According to <a href="https://www.statista.com/statistics/505883/number-of-internet-users-in-african-countries/">DataReportal</a>, Burkina Faso and Benin both have a relatively low number of internet users, with 4.69 million each. Rwanda follows closely with 4.91 million users.

<a href="https://africa.businessinsider.com/local/lifestyle/5-african-cities-with-the-best-quality-of-life-mid-2024/hfh9bjl">DON'T MISS THIS: 5 African cities with the best quality of life mid 2024</a>

But there has also been commendable progress in expanding internet infrastructure. As of January 2024, Nigeria had over 103 million internet users, the highest number in Africa, according to data from&nbsp;<a href="https://www.statista.com/statistics/505883/number-of-internet-users-in-african-countries/">DataReportal</a>. Egypt followed with more than 82 million users.

A notable trend across leading digital markets in Africa is that the majority of web traffic comes from mobile devices. In Nigeria, which has one of the largest numbers of internet users globally, 86.2 per cent of web traffic is generated via smartphones, while only about 13.3 per cent comes from PCs.

<h3>Below are the 10 African countries with the lowest number of internet users in 2024:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">Number of internet users</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Burkina Faso</td><td colspan="null" rowspan="null">4.69 million</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">Benin</td><td colspan="null" rowspan="null">4.69 million</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Rwanda</td><td colspan="null" rowspan="null">4.91 million</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Zimbabwe</td><td colspan="null" rowspan="null">5.48 million</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Libya</td><td colspan="null" rowspan="null">6.13 million</td></tr><tr><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">Zambia</td><td colspan="null" rowspan="null">6.51 million</td></tr><tr><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">Mozambique</td><td colspan="null" rowspan="null">7.96 million</td></tr><tr><td colspan="null" rowspan="null">8</td><td colspan="null" rowspan="null">Mali</td><td colspan="null" rowspan="null">7.82 million</td></tr><tr><td colspan="null" rowspan="null">9</td><td colspan="null" rowspan="null">Tunisia</td><td colspan="null" rowspan="null">9.86 million</td></tr><tr><td colspan="null" rowspan="null">10</td><td colspan="null" rowspan="null">Senegal</td><td colspan="null" rowspan="null">10.79 million</td></tr></table>

10 African countries with the lowest number of internet users in 2024

Business Insider Africa presents 10 African countries with the lowest number of internet users in 2024.

<ul><li>Business Insider Africa presents the 10 African countries with the highest FDI in 2023.</li><li>The list is courtesy of UNCTAD.</li><li>Egypt attracted the highest FDI in 2023, bringing in $9.841 billion.</li></ul>

FDI involves investment from one country into business interests in another, typically through establishing business operations, acquiring business assets, or owning stakes in foreign companies.

According to the World Investment Report 2024 released by the United Nations Trade and Development (UNCTAD), global FDI dropped by 2% to $1.3 trillion in 2023 amidst the economic slowdown and rising geopolitical tensions.

<a href="https://africa.businessinsider.com/local/lifestyle/10-most-stable-countries-in-africa/zhxm2sz">DON'T MISS THIS: 10 most stable countries in Africa </a>

The report noted that issues related to crises, protectionist policies and regional realignments were responsible for the disruptions currently affecting the smooth running of economies across the world.

However, the distribution of investment varies across different countries, with certain nations emerging as more favoured destinations due to the specific advantages they offer.

In Africa, Egypt attracted the highest FDI in 2023, bringing in $9.841 billion, although this was a significant decrease from the $11.4 billion recorded in 2022. Similarly, South Africa saw a drop in FDI, with $5.2 billion in 2023 compared to $9.2 billion in 2022. Nigeria, Africa's most populous country and once its largest economy, saw $1.873 billion in FDI.

An analysis of the largest investors also showed that European investors took the lead as the largest holders of FDI stock in Africa, with the United Kingdom topping the list ($60 billion), followed by France ($54 billion) and the Netherlands ($54 billion).

<h3>Below are the top 10 African countries with the highest foreign direct investments:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">2023</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Egypt</td><td colspan="null" rowspan="null">US$9.841 billion</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">South Africa</td><td colspan="null" rowspan="null">US$5.2 billion</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Ethiopia</td><td colspan="null" rowspan="null">US$3.263 billion</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Uganda</td><td colspan="null" rowspan="null">US$2.886 billion</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Senegal</td><td colspan="null" rowspan="null">US$2.641 billion</td></tr><tr><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">Mozambique</td><td colspan="null" rowspan="null">US$2.509 billion</td></tr><tr><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">Namibia</td><td colspan="null" rowspan="null">US$2.345 billion</td></tr><tr><td colspan="null" rowspan="null">8</td><td colspan="null" rowspan="null">Nigeria</td><td colspan="null" rowspan="null">US$1.873 billion</td></tr><tr><td colspan="null" rowspan="null">9</td><td colspan="null" rowspan="null">Côte d'Ivoire</td><td colspan="null" rowspan="null">US$1.753 billion</td></tr><tr><td colspan="null" rowspan="null">10</td><td colspan="null" rowspan="null">Dr Congo</td><td colspan="null" rowspan="null">US$1.635 billion</td></tr></table>

African countries with the highest foreign direct investments

Analysts have often used Foreign Direct Investments (FDI) as a measure to track the growth of a country's economy as it portrays convenience and trust for aspiring investors.

Top 10 African countries with the highest foreign direct investment

<ul><li>Kenyan President William Ruto has sacked almost his entire cabinet except for the foreign minister due to widespread anti-government protests</li><li>The protests were triggered by proposed tax increases that Ruto later rescinded, leading to the largest crisis of his two-year presidency</li><li>Ruto also fired the attorney general but clarified that the office of the deputy president would remain unaffected.</li></ul>

Kenyan President William Ruto has fired almost his entire cabinet following widespread anti-government protests in the country last month.

These protests, led by youth groups and triggered by proposed tax increases that Ruto later rescinded, represent the largest crisis of his two-year presidency.

The unrest led to clashes with police, resulting in at least 39 deaths, and included a brief occupation of parliament by demonstrators last month.

Ruto stated in a televised address to the nation that he was also firing the attorney general of the East African country but clarified that the office of the deputy president would remain unaffected.

"I will immediately engage in extensive consultations across different sectors and political formations and other Kenyans, both in public and private, to set up a broad-based government,"

"During this process, the operations of government will continue uninterrupted under the guidance of principal secretaries and other relevant officials. I will be announcing additional measures and steps in due course,"

“Even with the progress we’ve made, I’m acutely aware that the people of&nbsp;Kenya&nbsp;have very high expectations of me, and they believe that this administration can undertake the most extensive transformation in our nation’s history,” Ruto said in the address.

The new administration, he said, would help him develop "radical programmes" to deal with the country's huge debt burden, increase job opportunities, eliminate government waste and "slay the dragon of&nbsp;corruption."

Last week, Ruto suggested a combination of <a href="https://africa.businessinsider.com/local/lifestyle/kenyas-ruto-removes-budget-for-first-ladys-office-dissolves-40-agencies/0epfgng">spending cuts</a> and increased borrowing to address the approximately $2.7 billion budget deficit resulting from the cancellation of the tax hikes.

Kenya’s Ruto fires almost entire cabinet after protests

Kenyan President William Ruto on Thursday sacked his entire cabinet except for the foreign minister following widespread anti-government protests.

Kenya’s Ruto sacks almost entire cabinet after protests

<ul><li>Business Insider Africa presents the 10 most expensive African cities for international workers in 2024.</li><li>The list is courtesy of Mercer.</li><li>African cities that placed highest in the global Cost of Living City Ranking are Bangui (14, up 12 places), Djibouti (18) and N'Djamena (21)</li></ul>

The concept of a "global village" is more relevant than ever, with professionals moving across countries for career opportunities, lifestyle changes, and personal growth.

<a href="https://africa.businessinsider.com/local/lifestyle/top-10-most-productive-countries-in-africa/2p6f211">DON'T MISS THIS: Top 10 most productive countries in Africa </a>

However, the economic conditions in these host countries differ, often impacting the cost of living for expatriates. Some cities, due to their unique economic landscapes, are notoriously more expensive than others for international workers.

According to <a href="https://www.mercer.com/insights/total-rewards/talent-mobility-insights/cost-of-living/">Mercer’s annual Cost of Living City Ranking</a> report, inflation and exchange-rate fluctuations have directly impacted the pay and savings of globally mobile employees. Additionally, increased economic and geopolitical volatility, along with local conflicts and emergencies, have driven up costs in housing, utilities, local taxes, and education.

This year’s ranking methodology encompassed 226 cities across five continents. It assessed the comparative costs of over 200 items in each location — from housing and transportation to food, clothing, household goods and entertainment.

<a href="https://africa.businessinsider.com/local/lifestyle/10-most-peaceful-african-countries-in-2024/l9625de">DON'T MISS THIS:&nbsp;10 most peaceful African countries in 2024 </a>

To ensure consistency in city-ranking comparisons, New York City was utilized as the base city and currency movements were measured against the US dollar.&nbsp;

African cities that placed highest in the global Cost of Living City Ranking are Bangui (14, up 12 places), Djibouti (18) and N'Djamena (21)

<h3>Below are the top 10 most expensive cities in Africa for international workers in 2024:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">City</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">Global Rank</th><th colspan="null" rowspan="null">Change</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">BANGUI</td><td colspan="null" rowspan="null">CENTRAL AFRICAN REPUBLIC</td><td colspan="null" rowspan="null">14</td><td colspan="null" rowspan="null">12</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">DJIBOUTI</td><td colspan="null" rowspan="null">DJIBOUTI</td><td colspan="null" rowspan="null">18</td><td colspan="null" rowspan="null">18</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">N'DJAMENA</td><td colspan="null" rowspan="null">CHAD</td><td colspan="null" rowspan="null">21</td><td colspan="null" rowspan="null">19</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">CONAKRY</td><td colspan="null" rowspan="null">GUINEA REPUBLIC</td><td colspan="null" rowspan="null">26</td><td colspan="null" rowspan="null">13</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">DAKAR</td><td colspan="null" rowspan="null">SENEGAL</td><td colspan="null" rowspan="null">39</td><td colspan="null" rowspan="null">27</td></tr><tr><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">LIBREVILLE</td><td colspan="null" rowspan="null">GABON</td><td colspan="null" rowspan="null">45</td><td colspan="null" rowspan="null">7</td></tr><tr><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">DOUALA</td><td colspan="null" rowspan="null">CAMEROON</td><td colspan="null" rowspan="null">63</td><td colspan="null" rowspan="null">18</td></tr><tr><td colspan="null" rowspan="null">8</td><td colspan="null" rowspan="null">VICTORIA</td><td colspan="null" rowspan="null">SEYCHELLES</td><td colspan="null" rowspan="null">64</td><td colspan="null" rowspan="null">-22</td></tr><tr><td colspan="null" rowspan="null">9</td><td colspan="null" rowspan="null">BRAZZAVILLE</td><td colspan="null" rowspan="null">THE REPUBLIC OF CONGO</td><td colspan="null" rowspan="null">74</td><td colspan="null" rowspan="null">10</td></tr><tr><td colspan="null" rowspan="null">10</td><td colspan="null" rowspan="null">KINSHASA</td><td colspan="null" rowspan="null">THE DEMOCRATIC REPUBLIC OF THE CONGO</td><td colspan="null" rowspan="null">79</td><td colspan="null" rowspan="null">-47</td></tr></table>

10 most expensive African cities for international workers in 2024

Business Insider Africa presents the top 10 most expensive cities in Africa for international workers

<ul><li>Business Insider Africa presents the top most punctual African airlines</li><li>South Africa's Safair had an impressive on-time arrival rate of 92.36%.</li><li>The list is courtesy of Cirium.</li></ul>

Safair claimed the second spot on the list with an impressive on-time arrival rate of 92.36%, while Kenya Airways secured the tenth position with a commendable 71.86% on-time arrival rate.

Cirium defines "on-time" as arriving within 14 minutes and 59 seconds of the airline's scheduled arrival time. The carriers also have to meet specific capacity and network requirements to be considered a "global" airline.

In the MEA rankings was Oman Air (WY), claiming the top spot with an outstanding on-time arrival rate of 92.53%. Commendably, Oman and Safair were the only airlines in the report to secure an on-time arrival rate of more than 90%.

Cirium's other 2023 winners in the MEA region include Royal Jordanian with an on-time arrival rate of 87.51%, Qatar Airways at 85.11%, Etihad Airways achieving 82.90%, Saudia with 89.21%, Middle East Airlines at 79.15%, Emirates at 78.48%, and Kuwait Airways with a rate of 73.18%.

Cirium not only based its winner on punctuality but also the "complexity of its operations and capacity to provide more benefit to passengers and airports," Cirium CEO Jeremy Bowen stated.

Avianca Airlines of Colombia earned the title of the world's most punctual global airline, boasting an on-time arrival rate of&nbsp;<a href="https://africa.businessinsider.com/transportation/the-5-best-airlines-in-the-world-for-on-time-performance/3dh2qy4">85.73%</a>. The data used for the evaluation is sourced from over 600 different sources.

<h3>What you should know about the most on-time African airlines of 2023:</h3>

Both Safair from South Africa and Kenya Airways were among the <a href="https://africa.businessinsider.com/local/lifestyle/10-best-performing-airlines-in-africa-2023/44ecc07">10 best-performing airlines in Africa in 2023</a>, according to a separate report by Skytrax.

<ul><li>On-time ranking:&nbsp;2</li><li>On-time arrival: 92.36%</li><li>Tracked flight: 88.81%</li><li>Completion factor: 99.91%</li><li>Total flights 55,444</li></ul>

<ul><li>On-time ranking: 10</li><li>On-time arrival: 71.86%</li><li>Tracked flight: 86.13%</li><li>Completion Factor: 98.09%</li><li>Total flights: 41, 905</li></ul>

Kenya Airways, also known by its IATA code KQ, has been proudly representing Kenya since its establishment in 1977. The airline boasts a fleet of more than 40 aircraft, including Boeing and Embraer jets, ensuring safe and comfortable journeys for its passengers.

Top most punctual African airlines  in 2023

Business Insider Africa presents the top most punctual African airlines in 2023South Africa's Safair was on the list with an impressive on-time arrival rate of 92.36%.

Most punctual African airlines

<ul><li>Business Insider Africa presents 10 African countries with the highest money laundering risk.</li><li>Almost two-thirds of African countries fall into the high-risk category, with an overall risk score of 6.54.</li><li>The list is courtesy of Afrobarometer.</li></ul>

Defined as the process of concealing the origins of illegally obtained money, typically through transfers involving foreign banks or legitimate businesses, money laundering poses a grave threat to the socioeconomic fabric of countries, <a href="https://africa.businessinsider.com/local/markets/see-why-nigeria-has-warned-against-doing-business-with-cameroon-croatia-and-vietnam/2qhjnb9">including those in Africa</a>.

Africa's economic landscape, characterised by a spectrum ranging from thriving economies to those grappling with poverty, provides <a href="https://africa.businessinsider.com/local/markets/uganda-to-be-blacklisted-if-its-money-laundering-problem-remains-unresolved/t0nqlwz">fertile ground for money launderers</a>.&nbsp;

Disparities in wealth and development, coupled with the absence of robust enforcement mechanisms create an environment where financial crimes can flourish.&nbsp;

Globalisation, and rapid technological advances, have also ushered in new dimensions to money laundering on the continent. Cybercrime, digital currencies, and online platforms provide sophisticated channels for criminals to exploit the financial systems of African nations.

A recent report by the International Centre for Asset Recovery (ICAR) at the Basel Institute of Governance assessed the world's risk of money laundering. Basel AML Index gives risk scores based on data from 15 publicly available sources, such as the Financial Action Task Force (FATF), the World Bank, and the World Economic Forum.&nbsp;

Per the report, almost two-thirds of African countries fall into the high-risk category, with an overall risk score of 6.54.

<h3>Below are 10 African countries with the highest money laundering risk:</h3>

<table><tr><th colspan="null" rowspan="null">Rank</th><th colspan="null" rowspan="null">Country</th><th colspan="null" rowspan="null">Overall score</th><th colspan="null" rowspan="null">Global rank</th></tr><tr><td colspan="null" rowspan="null">1</td><td colspan="null" rowspan="null">Chad</td><td colspan="null" rowspan="null">8.14</td><td colspan="null" rowspan="null">2</td></tr><tr><td colspan="null" rowspan="null">2</td><td colspan="null" rowspan="null">Democratic Republic of the Congo</td><td colspan="null" rowspan="null">8.10</td><td colspan="null" rowspan="null">4</td></tr><tr><td colspan="null" rowspan="null">3</td><td colspan="null" rowspan="null">Republic of the Congo</td><td colspan="null" rowspan="null">7.91</td><td colspan="null" rowspan="null">5</td></tr><tr><td colspan="null" rowspan="null">4</td><td colspan="null" rowspan="null">Mozambique</td><td colspan="null" rowspan="null">7.88</td><td colspan="null" rowspan="null">6</td></tr><tr><td colspan="null" rowspan="null">5</td><td colspan="null" rowspan="null">Gabon</td><td colspan="null" rowspan="null">7.73</td><td colspan="null" rowspan="null">7</td></tr><tr><td colspan="null" rowspan="null">6</td><td colspan="null" rowspan="null">Guinea-Bissau</td><td colspan="null" rowspan="null">7.69</td><td colspan="null" rowspan="null">8</td></tr><tr><td colspan="null" rowspan="null">7</td><td colspan="null" rowspan="null">Madagascar</td><td colspan="null" rowspan="null">7.43</td><td colspan="null" rowspan="null">11</td></tr><tr><td colspan="null" rowspan="null">8</td><td colspan="null" rowspan="null">Algeria</td><td colspan="null" rowspan="null">7.22</td><td colspan="null" rowspan="null">12</td></tr><tr><td colspan="null" rowspan="null">9</td><td colspan="null" rowspan="null">Liberia</td><td colspan="null" rowspan="null">7.17</td><td colspan="null" rowspan="null">13</td></tr><tr><td colspan="null" rowspan="null">10</td><td colspan="null" rowspan="null">Sierra Leone</td><td colspan="null" rowspan="null">7.09</td><td colspan="null" rowspan="null">14</td></tr></table>

Business Insider Africa presents 10 African countries with the highest money laundering risk.

10 African countries with the highest money laundering risk

<ul><li>Business Insider Africa presents top 8 automobile manufacturers in Africa.</li><li>Although still nascent, Africa’s car manufacturing is growing, with more companies getting closer to their local customers.</li><li>Countries like South Africa, Nigeria, and Kenya are expected to experience positive growth due to the growing focus on improving local production and discouraging imports.&nbsp;</li></ul>

Africa imports four times more automotive products than it exports, with automotive imports worth US$52 billion in 2020 and exports worth only US$13 billion in 2020.

However, some local automotive entrepreneurs have been making giant strides to flip the script.

Although still nascent, Africa’s car manufacturing is growing, with more companies getting closer to their local customers. And it is not just happening by chance; it is a well-thought move. These manufacturers are designing cars that can tackle rugged terrains, survive harsh climates, and cater to diverse communities across the continent.

Commendably, as these manufacturers work hard to meet the demands of local markets, they are also gaining international recognition for their quality and innovation. They are turning heads globally and showing that Africa is more than just a consumer of foreign-made vehicles.

According to Mordor Intelligence, several large countries like <a href="https://africa.businessinsider.com/local/markets/south-african-made-mercedes-benz-export-to-europe-at-risk-amidst-global-ev-shift/yft6v25">South Africa</a>, Nigeria, and Kenya are expected to experience positive growth due to the growing focus on improving local production and discouraging imports.

<h3>Below are eight cars made in Africa by African manufacturers:</h3>

Adekunle Agbetiloye

Articles written by the author

Happiest cities in Africa in 2024

Top 10 banks in Africa in 2024

Top 5 African countries with the largest attack helicopter fleets

5 major factors shaping positive views of America in Africa

5 major factors driving positive perceptions of China in Africa

Top 10 African countries that hold the most powerful passport

Top African airlines offering low-cost flights in 2024

10 African countries with the lowest number of internet users in 2024

Top 10 African countries with the highest foreign direct investment

Kenya’s Ruto sacks almost entire cabinet after protests

10 most expensive African cities for international workers in 2024

Most punctual African airlines

10 African countries with the highest money laundering risk

Top automobile manufacturers in Africa

10 African countries that consume the most fuel daily

10 smallest African countries by land mass

Top 10 most fragile countries in Africa

10 largest African countries by land mass

5 best English speaking countries in Africa