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  • Singaporean passport holders can travel visa-free to 192 countries and territories, making the country first in Henley & Partners' Global Passport Ranking for 2023. Of the top 15 most powerful passports, 12 are European. Here are the most powerful passports in 2023.

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    Nigeria's GDP increased in Q2 2023, with certain sectors prospering and others failing. Utility industries made significant gains that helped economic growth.
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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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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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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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    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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  • Voice is still king for Airtel Africa, accounting for the largest share of its revenue between 2019 and 2023. However, the revenue from data and Airtel Money, its mobile money services have more than doubled within this period. Revenue from voice and others didn't record a sharp increase unlike data and Airtel Money.

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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

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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According to data from the National Bureau of Statistics, Oyo State has the highest cost of 12.5kg of cooking gas as of October 2021.

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Top ten cocoa-producing countries in the world in 2020

In 2020, 5.2 million metric tons of cocoa were produced globally, with four African countries — Ivory Coast, Ghana, Nigeria, and Cameroon — accounting for 68% of the produce.

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Share of investments (deal volume) in tech-enabled firms in Francophone Africa, 2015 – 2024 H1
  • The breakthrough year for tech in Francophone Africa was 2021, with 71% of deal volume going to tech-enabled firms, an all-time high.
  • The growth of tech began slowly, from 0% in 2015 to just 12% in 2017, showing how recent the tech surge is.
  • Between 2018 and 2020, tech’s share gradually rose from 15% to 27%, setting the stage for the explosive growth of 2021.
  • Post-2021, tech dominance slightly softened—holding 52% in 2022, 50% in 2023, and 63% in 2024 H1, suggesting a more balanced diversification.
  • The last year traditional sectors led in deal volume was 2020, accounting for 73%, right before tech flipped the narrative.
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Total volume of private capital exits in Francophone Africa, 2012 – 2024 H1
  • The peak year was 2019 with 13 exits, marking the most successful exit year since tracking began in 2012.
  • Zero exits occurred in 2020, likely reflecting the impact of the COVID-19 pandemic on exit strategies and deal closures.
  • The years 2021 and 2022 saw a rebound, with 11 and 10 exits respectively, suggesting a recovery in investor confidence post-pandemic.
  • Slower exit activity was recorded in 2023 and early 2024, with 6 and 3 exits, respectively (2024 is as of H1).
  • From 2012 to 2016, annual exits ranged between 3 and 4, except for a spike in 2013 with 10 exits.
  • The overall average exit volume is low, with fewer than 7 exits per year on average across the 12 years.
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Total volume of private capital deals in Francophone Africa, by sector, 2012 – 2024 H1
  • The consumer staples sector attracted the highest private capital volume with 69 deals.
  • The financial sector shows strong traction, especially as digital finance and fintechs continue to open access to banking services in underserved markets.
  • Fifty-five deals in the consumer discretionary category suggest investors are interested in rising middle-class consumption, retail, and lifestyle-driven spending patterns.
  • At 50 deals, industrials, including manufacturing and infrastructure, remain a backbone for private capital.
  • Healthcare (24 deals) and utilities (37 deals) reflect increasing investor focus on sectors with long-term impact and scalable public value.
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Private capital deal value in the top 5 Francophone African countries, 2012 – 2024 H1
  • With $1.2B in deal value (25%), Côte d’Ivoire stands far ahead, signalling strong investor confidence.
  • At $697M (14.5%), Senegal is proving itself as a rising investment star.
  • Despite being a small economy, Rwanda drew $166M (3.5%).
  • DR Congo attracted $143M (3.0%), a modest share relative to its size.
  • Twenty-four Francophone African countries collectively received 47.4% ($2.3B) of the deal value, suggesting huge untapped or underserved markets across Francophone Africa.
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Key takeaways:
  • Manufactured goods accounted for 44.2% of Nigeria’s total imports.
  • Petroleum products (excluding crude oil) made up 38% of the import value.
  • Raw materials represented 11% of the total import value.
  • Agricultural imports contributed 6.2% to the overall import value.
  • The total import value stood at ₦60.59 trillion in 2024, from ₦30.86 trillion in 2023.
  • The energy resources sector made a negligible amount in import value, while no record was made for the crude oil sector.
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  • Nigeria’s MMR dropped by just 13% in 23 years — from 1,136 to 993
  • The country never left the global top 10 between 2000 and 2023
  • Nigeria became number one by 2021 and still leads
  • Sierra Leone dropped by 78%, from 1,603 to 354
  • South Sudan dropped by 58%, despite conflict
  • Africa dominated the list, with nearly all top 10 countries coming from the region
  • Nigeria accounted for 29% of global maternal deaths in 2023
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