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 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.
Kenya recorded 353 fraud cases in 2024, totalling KES 1.6T in losses.
Mobile banking fraud, with 146 cases, was the biggest threat, causing KES 810.7B in losses.
Card fraud had only 24 cases but resulted in KES 263.3B lost, showing its high risk. Computer fraud recorded 12 cases, leading to KES 203.4B in damages.
Identity theft saw 56 cases, costing banks and customers KES 199.1B.
Online banking fraud was the second most frequent (106 cases), but losses were relatively lower at KES 111.8B.
Internet scams had the fewest cases (9) but still caused KES 6.1B in losses.
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 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.
