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  • With an average growth rate of 10.51%, the number of active Internet subscribers in Zimbabwe increased from 3.95 million in 2012 to 11.24 million in 2023. In contrast, the number of new mobile subscribers increased by just 2.36 million over 12 years.

    In the same time, the population and active mobile subscribers of the southern African nation grew at average rates of 2.10% and 1.82%, respectively.

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    What fields were Nigerian students in the US enroled in during the 2022/2023 academic year?

    Science, Technology, Engineering, and Mathematics (STEM) fields took centre stage, collectively constituting a substantial 61% of the Nigerian student body.

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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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  • 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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  • 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
  • North Africa dominates with 53.8% of Africa’s total reserves.
  • West Africa holds 17.6%, despite economic challenges.
  • Southern Africa accounts for 20.3%, benefiting from strong reserves in South Africa.
  • East Africa lags behind with 4.4%, indicating lower reserve accumulation in the region.
  • Central Africa holds the smallest share at 4%, reflecting economic struggles and weak financial buffers.
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  • Libya leads Africa’s reserves with $92.4B, followed by Algeria ($81.2B) and South Africa ($62.5B).
  • Morocco $36.3B reserve places it fourth among African nations.
  • Egypt’s holds $33.1B, maintaining a strong reserve position.
  • Angola ($13.9B), Tunisia ($9.24B), Kenya ($7.34B), Mauritius ($7.25B), and DR Congo ($5.1B) round out the top 10.
  • Libya and Algeria’s strong reserves highlight North Africa’s dominance in the Black continent reserve.
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  • In 2013, Africa’s total reserves stood at $560 billion, the highest recorded in the past decade.
  • A steady decline followed, with reserves dropping to $402 billion by 2016.
  • A moderate recovery began in 2017 at $426 billion, stabilising around $400 billion in recent years.
  • As of 2022, Africa’s total reserves were estimated at $397 billion.
  • Despite fluctuations, Africa’s reserves have hovered around $400 billion since 2019.
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  • Africa ranks 5th globally in total reserves. The continent’s $375B in reserves lags behind most regions, surpassing only Oceania.
  • Asia leads with $8.24T, over half of global reserves, maintaining the strongest reserve and continent buffer driven by China, Japan, and India.
  • Europe holds nearly five times Africa’s reserves, with $3.68T.
  • South America’s $590B reserves is 57% more than Africa’s.
  • Oceania remains the lowest with $84.8B.
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  • The mobility score improved dramatically from 42 in 2015 to 56 in 2023, highlighting a significant enhancement in travel freedom for Nigerian passport holders.
  • A sharp decline occurred in 2020, dropping to 44, likely reflecting global travel disruptions due to the COVID-19 pandemic.
  • Post-pandemic recovery is evident in the score rebounding to 48 in 2021 and surging to 54 by 2022, surpassing pre-pandemic levels.
  • The overall trend shows a steady upward trajectory from 2017 onward, suggesting successful diplomatic and policy initiatives aimed at expanding visa-free travel.
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