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The average gold production in Africa between 2010 and 2023 was 840.59 tonnes, reaching a record high of over 1,000 tonnes in 2023
Key Takeaways:
  • Africa's gold production grew steadily from 621.78 tonnes in 2010 to 1,003.98 tonnes in 2023.
  • The continent experienced an overall increase of 61.5% in gold output over the 14 years.
  • The continent saw consistent year-on-year growth, with only minor declines in 2020 and 2022.
  • 2023 marked the highest production level in more than a decade.
  • The average annual growth rate in gold mine production over the period was approximately 4%.

Africa led global gold production in 2023 with over 1,000 tonnes, contributing more than 27% of global output
Key Takeaways:
  • In 2023, Africa was the world’s leading gold-producing region, with a total output of 1,003.98 tonnes.
  • Asia followed with 661.30 tonnes, representing 18.1% of the world’s gold output.
  • The Commonwealth of Independent States (CIS) produced 570.90 tonnes, making up 15.7% of the global total.
  • North America and Central & South America contributed 485.17 tonnes and 542.13 tonnes, respectively.
  • Oceania was a key producer with 343.29 tonnes, or 9.4% of global output.
  • Europe contributed the least, producing only 39.30 tonnes, which is about 1.1% of the total.
  • Altogether, global gold production reached 3,646.07 tonnes in 2023.

Egypt accounts for one-third of over SDR 26 billion owed by Africa’s top 10 IMF debtors
Key Takeaways:
  • Egypt leads African nations in IMF debt, with SDR 8.63 billion in outstanding credit.
  • The combined debt of these 10 countries represents 24% of the IMF’s total outstanding credit globally.
  • East African nations, Kenya and Ethiopia, hold a combined SDR 4.5 billion in IMF credit.
  • West Africa is strongly represented with Côte d'Ivoire, Ghana, Senegal, and Cameroon owing more than SDR 7.4 billion collectively.

Five of Africa's top ten most profitable banks in 2024 are South African
Key takeaways:
  • Africa's ten most profitable banking institutions are concentrated in South Africa, Egypt, and Nigeria.
  • South African and Egyptian banks claim the first five positions among Africa's most profitable banks.
  • Nigeria's banking sector shows resilience, with three of its "FUGAZ" banks securing positions in the continental top ten.
  • The average profit after tax among Africa's top ten profitable banks reached $867 million.
  • The four most profitable banks in Africa each exceeded $1 billion in profit after tax.

Top ten African countries by arable land in hectares as of 2024
  • Nigeria leads Africa in total arable land with 36,872,000 hectares, more than twice that of Niger, the second-ranking country.
  • Niger ranks second with 17,700,000 hectares.
  • The Democratic Republic of Congo (DRC) ranks third with 13,680,000 hectares, revealing the role of Central Africa in agricultural land availability.
  • Other notable countries include Chad (5.3M hectares), Zambia (3.8M hectares), and Guinea (3.1M hectares).
  • The countries at the bottom of the top ten list, such as Congo (550,000 hectares), Liberia (500,000 hectares), and Mauritania (450,000 hectares), have relatively limited arable land compared to leading nations.

In February 2025, Samsung (29.80%) achieved the largest mobile market share to usage across Africa
Key takeaways:
  • In February 2025, Samsung and Apple dominate the mobile market in Africa.
  • Samsung leads with a 29.80% share of the continent's mobile market based on usage.
  • Apple ranks second with a 13.27% share, demonstrating resilience in markets sensitive to pricing.
  • Collectively, Chinese manufacturers hold more than 45% of the mobile market in Africa.
  • Brands under Transsion Holdings (Tecno, Infinix, Itel) together represent nearly 25% of the total market share based on usage.

South America experienced the highest crypto ownership growth at 116.5%, more than 2x in one year
  • South America led in growth, surging by 116.5%, signaling rapid adoption in emerging markets.
  • Europe and Oceania also saw explosive growth, with 60.3% and 114.3% increases, respectively.
  • Asia remained dominant, with the highest number of owners, growing to 326.8M in 2024.
  • Africa showed the slowest growth (8.5%), suggesting possible barriers like regulation or adoption hurdles.

Libya recorded the highest revenue-to-GDP ratio among African countries in 2022 with 85.78%
Key takeaways:
  • Libya's total revenue (85.78% of GDP) significantly surpassed all other African states.
  • Lesotho is noteworthy with the second-highest total revenue ratio at 48.12%.
  • Equatorial Guinea and Sao Tomé & Príncipe in Western Africa recorded total revenue of 30.79% and 25.38% respectively.
  • South Africa generated 27.74% of its GDP in revenue.
  • The top ten countries reported total revenue exceeding 28%.

Ethiopia leads with 36 million agricultural workers, despite Nigeria having the largest population
  • East Africa: Ethiopia leads with 36.2 million agricultural workers (27.3% of its 132.5 million population). Agriculture is vital to its economy. Tanzania follows with 19.2 million workers (approximately 28.8% of 66.6 million). Uganda has 23.4% of its 50 million population in agriculture, and Kenya employs 7.6 million workers (approximately 13.7% of 55.3 million), despite land degradation affecting 80% of its land.
  • West Africa: Nigeria has 26.8 million agricultural workers, but with a population of 232 million, it heavily depends on food imports as only 11.5% of its population work in the agriculture section. Ghana employs 5.5 million agricultural workers (16% of 34.4 million) and has strong potential for agricultural export growth, especially cocoa.
  • Central Africa: DR Congo has 18.6 million agricultural workers out of a population of 109.2 million.
  • Southern Africa: Mozambique has 9.9 million agricultural workers 29% of 34.6 million, while Madagascar employs 10.5 million (33% of 31.9 million). Agriculture is key to Madagascar’s economy but hindered by land issues, with women producing 80% of crops.
  • North Africa: Egypt has 5.7 million agricultural workers (5% of 116.5 million), and relies on irrigation due to limited arable land and high food imports.

North and Southern Africa grew their reserve in 2023, while West, East, and Central Africa saw declines
  • North Africa dominates with 53.8% of Africa’s total reserves.
  • West Africa holds 17.6%, despite economic challenges.
  • Southern Africa accounts for 20.3%, benefiting from strong reserves in South Africa.
  • East Africa lags behind with 4.4%, indicating lower reserve accumulation in the region.
  • Central Africa holds the smallest share at 4%, reflecting economic struggles and weak financial buffers.

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