Business Brief
By Business Insider Africa

From the Editor

For years, questions about representation, fairness and influence have shaped debates around global institutions.

Across Africa, some governments have argued that international bodies do not always apply the same standards to every country, while supporters maintain that these institutions remain essential to global cooperation and accountability. Niger’s decision to leave the International Criminal Court reflects those wider tensions.

Whether one agrees with the move or not, it highlights a broader trend of countries reassessing long-standing international relationships and seeking greater control over how they engage with the global system.

Victor Inusa
Victor Inusa,
Newsletter Editor.

Today’s Must Read

Military-led African state becomes the third country to exit the International Criminal Court

Presidential Palace, Niamey, Niger. (Photo Credit: Wikipedia)

Niger has formally withdrawn from the International Criminal Court after submitting a notice to the United Nations, citing concerns over what it described as selective justice and misuse of the court.

The move completes an exit process announced last year alongside Mali and Burkina Faso. The three countries, which also left ECOWAS and formed the Alliance of the Sahel States, have accused the ICC of acting as a “neo-colonial” tool against weaker nations.

The decision reflects long-standing criticism from some African governments that the court focuses disproportionately on African cases while overlooking crimes elsewhere. Read more…

The Big 3

(Photo Credit: Drilling Manual)

🇨🇮 U.S. oil firm strikes crude in one of Africa’s fastest-rising oil frontier

Murphy Oil has made an offshore oil discovery in Côte d’Ivoire after two earlier wells failed to reach commercial thresholds. The Bubale-1X well encountered about 30 metres of net oil pay, with early assessments indicating high-quality light crude.

The company plans further appraisal work later this year as Côte d’Ivoire continues efforts to expand oil production and attract more investment into its offshore sector. Read more…

🇩🇿 Africa’s second most powerful military set to soon receive formidable Chinese fighter jets

Algeria is considering the purchase of Chinese J-10C fighter jets and KJ-500 early warning aircraft as it looks to modernise its air force. If completed, the deal would make Algeria the first African country to operate both platforms.

The move would also help diversify its defence suppliers and reduce reliance on Russian military systems amid ongoing pressure on Moscow’s defence industry. Read more…

🇱🇾 Africa’s largest oil reserve holder hits 12-year high as output reaches 1.49 million barrels a day

Libya’s crude and condensate production has risen to nearly 1.49 million barrels per day, its highest level since 2013 and close to the country’s target of 1.5 million. The increase comes as international energy companies return to the sector and new exploration blocks are awarded.

Despite ongoing political and operational challenges, Libya continues efforts to raise output and attract investment. Read more…

Quote Of The Day

If your actions inspire others to dream more, learn more, do more and become more, you are a leader.

John Quincy Adams

Listicles

(Photo Credit: Pixabay)

Top 10 African countries with the lowest diesel prices in June 2026

The global average diesel price declined slightly this month to $1.54 per liter. Across Africa, lower diesel prices help reduce transport, food, and manufacturing costs, curbing inflation and boosting industry competitiveness while easing pressure on households and businesses.

S/N Country Diesel Price per Liter (USD)
1 🇲🇱 Libya Global Rank: 3rd
$0.024
2 🇩🇿 Algeria Global Rank: 4th
$0.233
3 🇪🇬 Egypt Global Rank: 7th
$0.409
4 🇸🇩 Sudan Global Rank: 13th
$0.656
5 🇹🇳 Tunisia Global Rank: 16th
$0.757
6 🇦🇴 Angola Global Rank: 17th
$0.823
7 🇬🇦 Gabon Global Rank: 26th
$1.017
8 🇳🇪 Niger Global Rank: 33rd
$1.094
9 🇨🇩 DR Congo Global Rank: 36th
$1.136
10 🇪🇹 Ethiopia Global Rank: 37th
$1.139

Source: GlobalPetrolPrices

Geopolitics & Power

(Photo Credit: Getty Images)

🇰🇪 $13m U.S.-funded Ebola facility put on hold as Kenya bows to court order

Kenya ordered an immediate halt to constructing a $13 million U.S.-funded Ebola quarantine facility. The stop came after a court found Health Minister Aden Duale in contempt for ignoring an earlier suspension.

Located at Laikipia Air Base, the site was meant to house Americans exposed to Ebola in the DRC. Local residents protested the project over community risks and a lack of consultation. Read more…

Global Trends, African Impact

(Photo Credit: Shutterstock)

🇦🇺 Australia’s $1.15 billion rare earths bet strengthens market for Africa’s next major mine

Australia’s confirmed $1.15 billion loan for the Eneabba refinery directly strengthens Malawi’s Kangankunde project, which is set to become Africa's next producing rare earth mine. Under a 15-year deal, the Malawian mine will supply 6,000 tonnes of concentrate annually to cover 10% of the refinery's needs.

This arrangement secures vital processing capacity while supporting Western efforts to build alternative supply chains and reduce dependence on China's mineral processing dominance. Read more…

Executive Trivia

(Photo Credit: Unsplash/Rocker Sta)

Which African airline currently operates the largest fleet on the continent?

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Did You Know?

(AI Generated Illustration)

Brazil is the most successful nation in FIFA World Cup history, having won the prestigious tournament a record five times (1958, 1962, 1970, 1994, and 2002). Known globally as the Seleção, Brazil also holds the unique distinction of being the only country to have qualified and played in every single World Cup tournament since its inception in 1930.

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