Mauritius is the fastest-growing hub with a 63% surge in millionaires, highlighting its rising financial services sector and favourable investment climate.
Rwanda (+48%) and Morocco (+40%) also show strong upward trends, driven by economic diversification and political stability.
Nigeria (-47%), Angola (-36%), and Algeria (-23%) recorded the steepest declines, reflecting oil dependence, currency challenges, and political instability.
Africa overall saw a -5% dip, showing that while select countries are thriving, the continent’s wealth distribution has shifted unevenly.
Egypt and South Africa dominate Africa’s space presence, with 14 and 13 satellites respectively, accounting for nearly one-third of the continent’s total.
Nigeria (7), Algeria (6), and Morocco (5) form the next tier, highlighting North and West Africa as emerging hubs in satellite development.
The majority of other African countries with satellites, including Rwanda, Ethiopia, Zimbabwe, Djibouti and Angola, have two satellites each.
Out of 54 African nations, only 18 have any satellites in orbit, underscoring the vast disparity in space investment and technological capacity across the continent.
Egypt’s GDP per capita grew from $1,366 in 2000 to $3,339 in 2024, a 144% increase over 25 years.
The economy peaked at $4,233 in 2022, marking the highest point in the series before a two-year decline.
Sustained growth was driven by the 2000s and 2010s, with resilience after the 2008 financial crisis and Arab Spring disruptions.
The dip after 2022 reflects external pressures, currency adjustments, and inflationary challenges, though per capita levels remain well above early 2000s baselines.
The United States remains the undisputed leader with 589 active rigs, accounting for nearly a third of all rigs worldwide in 2024.
Canada (162 rigs) and Iran (117 rigs) follow as the second and third highest contributors to global drilling activity.
Middle Eastern producers dominate the top 10, with Kuwait (80), UAE (73), Saudi Arabia (70), Iraq (62), and Oman (50) collectively operating 335 rigs.
Nigeria ranks 15th globally with 31 active rigs, making it one of only two African nations in the global top 20.
The top 10 countries account for over 75% of the world’s active rigs, reflecting the continued concentration of drilling infrastructure in a handful of key oil-producing regions.
