Fashion - Intelpoint

South Africa dominates with 41,100 millionaires, accounting for more than 1 in 3 African millionaires, far ahead of any other nation.
Egypt (14,800) and Morocco (7,500) round out the top three, highlighting North Africa’s wealth concentration.
Nigeria (7,200) and Kenya (6,800) confirm West and East Africa’s growing wealth hubs, though still far below South Africa.
Mauritius (4,800) and Seychelles (500) rank surprisingly high relative to population size, showing their role as finance and wealth management hubs.

Africa’s goat population grew from 94 million in 1961 to 522 million in 2023 — more than a fivefold increase.
The continent’s share of the world’s goats rose from 27% in 1961 to 46% in 2023.
Nigeria leads with nearly 89 million goats in 2023, holding the top spot since 1998.
Ethiopia, Chad, Sudan, Niger, and Mali consistently rank among the largest goat producers.
Around 70% of Africa’s goats are concentrated in the top ten countries each year.

South Africa’s digital service imports consistently overshadowed export earnings, despite exports growing by over 300% since 2005.
South Africa exported $76.418 billion in digital services between 2005 and 2024.
Imports during the same period reached $113.67 billion.
The result was a trade deficit of $37.252 billion in over 20 years.
Exports rose from just $1.71 billion in 2005 to $7.05 billion in 2024.

Egypt spends twice as much on digital services imports than it earns from exports, with $8.31b on imports and $4.03b from exports recorded in 2024.
Egypt exported $46.007 billion in digital services between 2005 and 2024.
Imports during the same period reached $101.98 billion.
The result was a trade deficit of $55.973 billion in over 20 years.
Export earnings rose from just $1.91 billion in 2005 to $4.03 billion in 2024.

Morocco recorded a total of $61.75 billion digital services trade exports and $35.31 billion imports, revealing a staggering $26.44 billion trade profit in 20 years.
Morocco has always been the leading country in Africa as far as digital services trade is concerned.
From 2005-2024, Morocco digital services exports have always outpaced imports.
Morocco digital export earnings have grown from $1.11b in 2005 to $6.74b in 2024, revealing over 500% growth in 20 years.
Imports during the same time-frame reached 3.17b from $780m in 2025.

South Africa has the highest number of millionaires in Africa at 41,100.
Egypt follows with 14,800 millionaires, making it the second largest hub.
Seychelles has the highest millionaire share of the adult population at 0.51%.
Mauritius is close behind with 0.45% of its adult population being millionaires.
Ethiopia has 2,400 millionaires, but their share is almost zero due to its large adult population.

Nigeria spent $57.67B on external debt interest from 1970 to 2023.
Payments were low initially but rose steadily as borrowing increased.
In the 1990s, interest payments fluctuated due to debt rescheduling and restructuring agreements.
In 2005, payments jumped to $5.31B following a strategic debt buyback that accelerated obligations.
Annual payments climbed 1,139.6%, from $0.31B to $3.79B, showing rising debt service costs.

Ghana’s debt interest payments remained below $200 million for nearly three decades, reflecting relatively low external borrowing.
From 2000 to 2010, payments rose moderately, reaching $300 million by 2010 as Ghana’s borrowing needs expanded.
Interest payments accelerated sharply, surpassing $1 billion in 2017 and peaking at $1.49 billion in 2022.
After years of growth, payments plunged to $780 million in 2023, suggesting debt restructuring, payment relief, or reduced new borrowing.

Johannesburg is home to the highest number of millionaires in Africa, with 11,700 individuals.
Six out of the top ten wealthiest African cities are located in South Africa.
Cairo leads North Africa with 6,800 millionaires, showing its dominance as a financial hub.
Nairobi has 4,200 millionaires, making it East Africa’s wealthiest city.
Lagos, with 3,600 millionaires, remains West Africa’s wealthiest city.
Lifestyle regions, such as the Cape Winelands and the Garden Route, feature prominently, reflecting the importance of property and lifestyle economies.
Casablanca, with 2,900 millionaires, underscores Morocco’s rising appeal as a North African wealth centre.

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