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New Canadian citizens from Egypt fell by 55%, from 2,557 in H1 2022 to 1,158 in H1 2025
  • The number of new Canadian citizens born in Egypt fell 9.8% in H1 2025, reaching 1,158, down from 1,284 in late 2024.
  • The steepest half-on-half fall came in H2 2024 (-37.3%), signalling the start of a more sustained slowdown.
  • Compared with the 2022 peak of 2,566, current levels are down 55%, marking a continuous decline since mid-2022.
  • Despite the multi-year decline, the smaller 9.8% decrease in H1 2025 suggests the rate of decline may be easing.

Over 26,000 Africans became Canadian citizens in H1 2025; one in four of these are Nigerians
  • Nigeria accounts for 25.9% of all new Canadian citizens of African origin, more than triple any other African country.
  • Morocco, Algeria, and Tunisia rank next, each contributing over 5% of total new citizens of African origin.
  • Countries like Eritrea, Ethiopia, and DR Congo show steady growth, reflecting widening migration links with Canada.
  • South Africa closes the top ten with 832 citizens (3.2%), indicating smaller but consistent migration flows.

South Africa leads Africa in travel and tourism competitiveness, ranking 55th worldwide
  • South Africa leads Africa on the 2024 Global Travel & Tourism Index, ranking 55th worldwide with a TTI score of 3.99.
  • Mauritius and Egypt follow closely, placing 57th and 61st globally, both scoring just below 4.0, showing strong competitiveness.
  • North Africa dominates the list, with Egypt, Morocco, and Tunisia all making the top 10, highlighting the region’s strategic tourism appeal.
  • Rwanda and Namibia stand out despite being ranked lower globally (93rd and 95th), reflecting progress in tourism development in smaller economies.

Togo emerges as Nigeria’s largest African trading partner in Q2 2025
  • Togo leads on both sides of trade, supplying ₦211.99B in imports and receiving ₦811.97B in exports, making it Nigeria’s strongest African partner by value.
  • South Africa ranks second, with imports of ₦115.15B and exports of ₦473.65B, reflecting deep bilateral trade ties.
  • Côte d’Ivoire also features prominently, sending ₦106.15B worth of goods to Nigeria while importing ₦408.97B, showing balanced engagement.
  • West Africa dominates Nigeria’s intra-African trade, with Togo, Côte d’Ivoire, and Ghana collectively accounting for a significant share of regional exports.

Africa secured just 1.5% of the US Skilled Worker (H-1B) Visas in 2024 — Nigeria tops the list
  • Nigeria ranked first in Africa, with 880 H-1B visas issued in FY 2024, far ahead of Ghana (499) and Egypt (364).
  • East and Southern Africa featured prominently, with Kenya (320), South Africa (208), and Zimbabwe (132) among the top 10.
  • North African representation was modest, with Morocco (78) and Egypt (364) being the only countries in the region on the list.
  • Despite these numbers, Africa’s collective total is marginal globally, especially compared to India’s ~150,000 issuances and China’s large volumes.
  • President Donald Trump’s $100,000 fee for new U.S. H-1B skilled worker visas will have limited impact on Africa, which has historically received only a small fraction of these visas.

South Africa led Africa’s bond market with $328.8 billion [in] volume and nearly 3,000 issuances
  • South Africa is the clear leader, recording a bond market volume of $328.8 billion and 2,952 issuances, far ahead of all other African economies.
  • Egypt and Morocco follow as strong contenders with bond volumes of $188.8 billion and $116.4 billion, respectively, though both trail South Africa by wide margins.
  • Côte d’Ivoire, Algeria, and Nigeria represent the mid-tier, each exceeding $65 billion, showing notable regional financial activity.
  • Smaller markets like Tunisia and Angola feature relatively lower volumes ($16.9 billion and $28.4 billion) but maintain significant issuance activity.

South Africa controlled nearly 70% of Africa's $63.6 billion insurance market as of 2023; Nigeria trailed with only 1.7%
  • South Africa led the continent with a massive 68.2% of Africa’s insurance market, far ahead of all others combined.
  • Morocco (8.7%), Egypt (4.0%), and Kenya (3.6%) were the next largest.
  • Major economies, such as Nigeria (1.7%) and Algeria (1.9%), played surprisingly small roles in insurance penetration.
  • “Others” refers to the rest of Africa, which held just 6.4%, indicating a heavy concentration in a few markets.

Egypt’s external debt interest payments hit a record $9.47 billion in 2023 after six-fold rise since 2016
  • From 1970 through the early 2000s, Egypt’s debt interest payments hovered mostly under $1.5 billion, with fluctuations tied to global oil shocks and debt rescheduling.
  • Payments remained relatively moderate, ranging between $0.7–$1.0 billion annually.
  • Following Egypt’s 2016 IMF programme and rising external borrowing, payments jumped dramatically, climbing from $1.53 billion in 2016 to $6.13 billion in 2022.
  • Interest payments hit an all-time high of $9.47 billion in 2023, underscoring the heavy burden of Egypt’s rapid debt accumulation and exposure to global financing costs.

Algeria leads Africa’s land mass rankings at 2.4 million km², more than 2× the size of Nigeria (924k km²)
  • Algeria is Africa’s largest country, covering 2.4 million km², slightly bigger than the Democratic Republic of Congo (2.3 million km²).
  • Sudan (1.9 million km²) and Libya (1.8 million km²) complete the top four, showing that North Africa dominates the list of largest territories.
  • Nigeria, Africa’s most populous nation, has a landmass of 923,800 km², placing it 14th in size, much smaller than its population ranking.
  • The smallest among the top 20 listed is South Sudan, with 619,700 km², less than one-third the size of Algeria.

South Africa hosts 41,100 millionaires, nearly six times Nigeria’s 7,200 millionaires
  • 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.

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