Five of the top tep African countries with the largest gold reserves are North African

Half of the top 10 African countries with significant gold reserves come from North Africa, with Algeria leading with 174 tonnes. Egypt and South Africa come in second and third with 126 tonnes and 125 tonnes, respectively. Algeria, Egypt, South Africa, and Libya hold the most significant gold reserves.

Source:

Trading Economies

Period:

2023
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South Africa’s digital service imports still outweighed exports as of 2024, even after 300% growth since 2005
  • South Africa’s digital service imports consistently overshadowed export earnings, despite exports growing by over 300% since 2005.
  • South Africa exported $76.418 billion in digital services between 2005 and 2024.
  • Imports during the same period reached $113.67 billion.
  • The result was a trade deficit of $37.252 billion in over 20 years.
  • Exports rose from just $1.71 billion in 2005 to $7.05 billion in 2024.
Ghana recorded $53.00B in digital services imports against $49.1B in exports in 20 years
  • Ghana exported $49.11 billion in digital services between 2005 and 2024.
  • Digital services imports recorded during the same period was $53.00 billion.
  • Ghana recorded a $3.9 billion trade deficit across the two decades.
  • Exports grew from just $78 million in 2005 to $5.18 billion in 2024.
Since 2005, Egypt’s digital service imports have consistently exceeded exports, creating a $56b deficit
  • Egypt spends twice as much on digital services imports than it earns from exports, with $8.31b on imports and $4.03b from exports recorded in 2024.
  • Egypt exported $46.007 billion in digital services between 2005 and 2024.
  • Imports during the same period reached $101.98 billion.
  • The result was a trade deficit of $55.973 billion in over 20 years.
  • Export earnings rose from just $1.91 billion in 2005 to $4.03 billion in 2024.
Over the past 20 years, Morocco has maintained a consistent trade surplus in digital services, totaling $26.44 billion
  • Morocco recorded a total of $61.75 billion digital services trade exports and $35.31 billion imports, revealing a staggering $26.44 billion trade profit in 20 years.
  • Morocco has always been the leading country in Africa as far as digital services trade is concerned.
  • From 2005-2024, Morocco digital services exports have always outpaced imports.
  • Morocco digital export earnings have grown from $1.11b in 2005 to $6.74b in 2024, revealing over 500% growth in 20 years.
  • Imports during the same time-frame reached 3.17b from $780m in 2025.
Though Seychelles has one of the lowest numbers of millionaires, it has the highest share of millionaires (0.51% of its adult population)
  • South Africa has the highest number of millionaires in Africa at 41,100.
  • Egypt follows with 14,800 millionaires, making it the second largest hub.
  • Seychelles has the highest millionaire share of the adult population at 0.51%.
  • Mauritius is close behind with 0.45% of its adult population being millionaires.
  • Ethiopia has 2,400 millionaires, but their share is almost zero due to its large adult population.
Nigeria has paid $57.67 billion in external debt interest in 54 years, with payments rising 1,140% since 2009
  • Nigeria spent $57.67B on external debt interest from 1970 to 2023.
  • Payments were low initially but rose steadily as borrowing increased.
  • In the 1990s, interest payments fluctuated due to debt rescheduling and restructuring agreements.
  • In 2005, payments jumped to $5.31B following a strategic debt buyback that accelerated obligations.
  • Annual payments climbed 1,139.6%, from $0.31B to $3.79B, showing rising debt service costs.
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