Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Search results for
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.

8 of 11 Best Movie awards at the AMVCA since inception have gone to Nigerian films
  • Between 2013 and 2025, Nigeria has dominated the Africa Magic Viewers’ Choice Awards (AMVCA), winning 8 out of 11 awards for Best Overall Movie.
  • Kenya, South Africa, and Ghana have each won the top prize once, highlighting Nigeria’s influence on African cinema.
  • This trend reflects both the scale and consistency of Nigeria’s film industry, Nollywood, which has outpaced its regional peers in terms of production volume, distribution, and local audience engagement.
  • While other countries show occasional excellence, Nigeria remains the cultural and commercial centre of African filmmaking.

Mauritius is the most peaceful African country among 47 countries ranked in 2025, with a score of 1.586
  • Mauritius leads Africa’s Peace Index with the lowest (best) score of 1.586, showing its stability and strong governance.
  • Southern Africa is well represented in the rankings with Mauritius, Botswana, Namibia, Madagascar, and Zambia in the top 10.
  • West Africa also performs strongly, represented by The Gambia, Sierra Leone, Ghana, Senegal, and Liberia.
  • The scores are tightly clustered (1.586–1.939), showing that Africa’s most peaceful states are relatively close in performance despite regional differences.

Ghana’s debt interest fell to $780 million in 2023 after peaking at a record $1.49 billion in 2022
  • 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.

Samsung leads Ghana’s smartphone market with 26.4% share, followed by Tecno (17.7%) and Apple (17.4%)
  • Samsung dominates with 26.42% of Ghana’s smartphone market, making it the clear leader.
  • Tecno (17.7%) and Apple (17.4%) are in a tight race for second place, separated by just 0.3 percentage points.
  • Infinix (10.5%) and Itel (5.2%) highlight the strong presence of Transsion Holdings brands in Ghana.
  • Global giants like Huawei (6.8%) and Xiaomi (2.5%) lag behind, showing Ghana’s preference for budget-friendly African-focused brands.

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.

Mauritius leads Africa with 63% millionaire growth while Nigeria declines by 47% over the last decade
  • 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.

Only 18 African countries have satellites in space, with Egypt and South Africa accounting for nearly one-third of the continent’s total
  • 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.

Nigeria tops Africa’s women’s football with 1,630.83 points and ranks 36th globally
  • Nigeria leads Africa with 1,630.83 points, ranked 36th globally, maintaining their long-standing supremacy in Africa's women’s football.
  • South Africa remains second, 165 points behind Nigeria, consolidating their position after consistent WAFCON performances.
  • North Africa's breakthrough is evident with Morocco at 3rd, driven by recent World Cup appearances and continental success.
  • There is tight competition in mid-table, with Zambia, Cameroon, and Ghana separated by less than 12 points.

Sierra Leone, Niger, and Ethiopia lead Africa’s shadow economies, with over 50% of each nation's GDP tied to informal activity
  • 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.

1 2 3 7

Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

A product of Techpoint Africa. All rights reserved