Ethiopia - Intelpoint

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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.

Comoros stands out with a corporate tax rate of 50%, the highest on the continent and far above the regional norm.
Chad and Equatorial Guinea follow at 35%, while Morocco and Cameroon set rates at 33%.
A broad cluster of 17 African countries, including Nigeria, Ethiopia, Kenya, and South Sudan, hold steady at the 30% rate.
All other African economies not listed apply corporate tax rates below 30%.

Sudan sits at the bottom with an average speed of 4.02 mbps, far below the continental average.
The Central African Republic follows closely at 4.08 mbps, making Central Africa a weak spot for digital connectivity.
Somalia, despite topping the list, averaged only 6.64 mbps, showing even the “fastest among the slowest” remains well behind global standards.
The concentration of slow speeds in East and Central Africa points to persistent infrastructure and investment gaps.

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 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.

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.

Estimates place Sierra Leone at the top, with about 64.5% of its GDP tied to the shadow economy.
Niger (56.3%) and Ethiopia (50.2%) are the only other nations where over half of economic activity is informal.
Even larger economies like Nigeria (30.0%) are estimated to have nearly a third of their GDP in unrecorded transactions.
Across the listed countries, estimates range from 28.1% to 64.5%, revealing deep but varied informality in African economies.

Ethiopia recorded a total of $46.43 billion in foreign direct investment between 1990 and 2024.
Its annual FDI inflows surged from just $10 million in 1990 to $3.98 billion in 2024, reflecting massive investor interest over time.
The country experienced three major FDI booms in 1997–2004, 2011–2014, and 2015–2016, driven by policy reforms and industrial expansion.
After a pandemic-era dip in 2020, Ethiopia rebounded strongly in 2021 with $4.26 billion in inflows, maintaining high investment momentum through 2024

Key Takeaways:

India is projected to remain the world’s most populous country in 2054, reaching 1.69 billion, an increase of 246 million from 2024.
China’s population is expected to decline to 1.22 billion by 2054, marking a 14.1% decrease.
Nigeria is projected to rise to 5th place globally, with a population of 374 million, a 62% increase from 2024.
The United States remains the only high-income country in the top five, with a projected population of 384 million.
Pakistan is expected to climb from 5th to 3rd place, adding 138 million people by 2054.
Three African countries (Nigeria, Ethiopia, and the Democratic Republic of the Congo) are expected to rank among the top 10 most populous nations.
Russia is projected to see a population decline of 6.9%.

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