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  • The United States of America dominated the 2020 Olympic Games, winning a total of 113 medals followed by China with 88. No African country is in the top ten by the number of medals won.

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    Lagos led Nigerian states with ₦815.9 billion in Internally Generated Revenue for 2023, followed by the FCT with ₦211.1 billion.

    Despite only a 25% growth, Lagos’ IGR confirms its economic dominance. The FCT, meanwhile, recorded an impressive 70% increase.

    Ebonyi, though with lower revenue, achieved an astonishing 148% growth.

    Taraba generated the least revenue, increasing by 6%.

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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • Nigeria's exports amounted to ₦35.9 trillion in 2023, with the Netherlands its top destination accounting for ₦4.5 trillion, followed by Spain with ₦3.3 trillion. India and the United States were also top destinations. Here are Nigeria's top export destinations in 2023.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

    See more
Other Insights
 

Since launching in 2007, the iPhone has been a key part of Apple's revenue stream. Apple's 2021 annual report shows that net sales for iPhones accounted for over half of the company's total net sales for the year.

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Apple recorded $191b in net sales from iPhones in 2021, a 39% increase from its 2020 figures. Apple attributed the increase to new iPhone models launched in Q1 and Q4 2021 and a favourable mix of iPhone sales. Here are Apple's iPhone net sales over the years:
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African startups raised $831 million in Q1 2023, about half of what was raised in the same quarter of the previous year. Financial Services startups accounted for 70% of the total amount raised in the quarter.

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African startups raised $831 million in Q1 2023, about half of what was raised in the same quarter of the previous year.

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As of March 2022, South Africa was still MultiChoice Group's biggest market, with 41.28% of its customer base, while its other African markets accounted for 58.72%. Here’s the share of MultiChoice’s subscriber base.

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Alibaba made $1.17 trillion in sales in 2020, larger than what Amazon and Walmart did in the same period, making the Chinese company the biggest eCommerce in the world.
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Jumia Group's quarterly active customers recorded steady growth for five consecutive quarters between Q1 2019 and Q2 2020. It also recorded growth in orders for three consecutive quarters in the same period. Jumia recorded its biggest percentage drop in active customers in Q4 2020.
The eCommerce giant's biggest order volume was recorded in Q4 2021 with 11.3 million, followed by 10.3 million in Q2 2022. Q4 2021 and Q2 2022 were the only times that Jumia's order volume hit 8 figures in a quarter since Q1 2019.

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Founders of Millionaire West African Startups (MWAS) were predominantly male-dominated, as 90.2% of MWAS founders are male. Get the West African Startup Decade Report to learn more.

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From the initial ₦555 million commitment in the 2016 national budget, Nigeria Air (the national carrier) has received ₦8.957 billion in budgetary allocation as of 2023, with the past four years accounting for more than 80% of the allocation received.

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World AIDS Day is celebrated on December 1 every year as a day dedicated to raising awareness about the AIDS epidemic caused by the spread of HIV infection. In 2020, there were an estimated 37.6 million people infected with HIV globally, and 27.4 million people living with HIV receiving treatment.

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In 2020, there were an estimated 37.6 million people infected with HIV globally, and 27.4 million people living with HIV receiving treatment. Since the peak in 2004, as of 2020, the number of AIDS-related deaths globally has declined by 65.5%.

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According to the AfrAsia Bank Africa Wealth Report 2021, the total private wealth —  assets held by individuals — in Africa as of December 2020 had decreased by approximately 9% from 2019. Here is the total private wealth held by individuals in Africa from 2010 to 2020.
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Countries-globally-with-the-fastestslowest-median-internet-download-speed-via-mobile-connections-2024
  • With a median mobile download speed of 441.89 Mbps, the UAE is in a league of its own, setting a high benchmark for digital infrastructure globally.
  • At just 18.91 Mbps, Nigeria ranks 102nd, only narrowly ahead of countries like Ecuador and Libya. This means the digital experience for most Nigerians is significantly slower than the global average.
  • The difference between the fastest and slowest countries spans over 400 Mbps, showing a growing divide in how nations can participate in digital economies.
  • Countries like Denmark, South Korea, Norway, and the Netherlands continue to show strong mobile connection.
  • It's notable that Qatar and Kuwait, alongside the UAE, are not just energy-rich but also leaders in mobile connectivity.
  • Several African nations, Nigeria, Libya, and Mozambique, feature among the slowest, highlighting the urgent need for investment in faster, more reliable mobile networks across the continent.
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Estimated number of deaths averted by tuberculosis treatment in each region between 2010 - 2023
  • Africa not only had high tuberculosis treatment success for people without HIV (5.9M lives saved), but also for 5.1M people with HIV.
  • With over 19 million people without HIV and 910,000 with HIV treated, South-East Asia leads in numbers.
  • TB treatment saved 10 million lives in the Western Pacific region.
  • Globally, 41 million out of 47.8 million lives saved were of people without HIV, showing that TB remains a major health threat even outside HIV-affected populations.
  • With just 1.2M lives saved each, both Europe and the Americas had relatively low numbers.
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Internet Adoption by Region (as % of Total Population), Jan 2025
  • With a 98% adoption rate, Northern Europe leads the world in digital inclusion.
  • Eastern Africa (29%), Middle Africa (34%), and Western Africa (43%) have the lowest adoption rates.
  • Southern and Eastern Europe boast over 90% adoption, proving that even outside the wealthiest nations, high connectivity is achievable.
  • While Eastern Asia (79%) and South-Eastern Asia (78%) show strong progress, Southern Asia lags behind at 54%.
  • Oceania maintains a solid 78% adoption rate, quietly outperforming many regions.
  • With 70% adoption, the Caribbean outperforms parts of Asia and Africa.
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Key Takeaways:
  • Cocoa products, including paste, butter, and beans dominated the US' agricultural imports from Sub-Saharan Africa in 2024, making up nearly one-third of the total.
  • Other major import categories included coffee, seafood, oilseed meals, and tree nuts, rounding out the top six.
  • The top 10 agricultural imports accounted for 74% of all the US' agricultural imports from the region.
  • Each of the top 10 products had an import value exceeding $120 million.
  • From SSA, Côte d'Ivoire and Ghana were the leading suppliers of cocoa products to the US in 2024.
  • The top three products together represented 41% of the total agricultural imports from the region.
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Key Takeaways:
  • Nigeria’s outstanding debt to the IMF has reduced from SDR 2.45 billion in March 2023 to SDR 306.81 million by March 2025.
  • The country has maintained a consistent quarterly repayment pattern, averaging SDR 306.8 million.
  • This steady repayment trend reflects Nigeria’s commitment to managing its external obligations.
  • At the current repayment rate, Nigeria is positioned to fully clear its IMF obligations by mid-2025.
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Key Takeaways:
  • Despite recent gains, Oando Plc's earnings before tax have declined by 222% over the past decade.
  • Major losses occurred in 2019 and 2020, with a rebound in 2021 and 2023.
  • The company demonstrated remarkable resilience by recovering to ₦103 billion profit in 2023.
  • The earnings before tax in 2024 fell by 54% from 2023.
  • The year-on-year growth rate from 2015 to 2024 was shown to be negative despite recording ₦47.8 billion in 2024, as against -₦39.1 billion in 2015.
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