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Comoros imposed Africa’s highest corporate tax at 50%, while most countries stayed at or below 30%
  • 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%.

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.

Mobile banking fraud cases increased by 87.2% to 146, the highest in 2024
  • Total fraud cases in Kenyan banks rose from 173 in 2023 to 353 in 2024.
  • Mobile banking fraud cases jumped by 87.2% to 146, making it the most common fraud type.
  • Online banking fraud recorded the steepest rise, growing by 457.9% to 106 cases.
  • Identity theft increased by 51.4%, reaching 56 reported cases in 2024.
  • Internet scams increased by 28.6%, totalling 9 cases in 2024.

With 146 cases, mobile banking fraud resulted in the highest loss of KES 810.7B
  • 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.

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 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.

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.

Liberia tops Africa in political diversity with highest ENPP of 6.44
  • Liberia leads with an ENPP of 6.44, showing the strongest balance of party influence in Africa.
  • Morocco (5.68) and Tanzania (5.64) follow closely, reflecting vibrant multiparty political systems.
  • East Africa is well represented, with both Tanzania and Kenya among the top five.
  • Malawi’s ENPP of 5.19 highlights its robust political competition despite its smaller size.
  • Countries such as Gambia, Benin, and Comoros maintain a healthy level of party competitiveness, underscoring diversity beyond larger nations.

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