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  • On 2020's World Chocolate Day, an annual celebration of chocolate, we look at the top 12 African countries with the highest chocolate export value in 2020 -- a combined $421.43m.
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    Since 2005, nationals from China, India, Saudi Arabia, Russia, Pakistan, and Nigeria have ranked among the top three recipients of UK study visas. China led the list from 2010 to 2020. In 19 years, over 1.46 million Chinese nationals (22.9% of the total) received study visas. India followed with 926.9k and Nigeria — which first entered the top three in 2020 — with 436.9k.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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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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  • 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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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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  • In 1994, the IBM Simon Personal Communicator, paved the way for a digital revolution. Fast forward to 2017, when smartphone shipments peaked at 1.57 billion units. However, the subsequent six-year period witnessed a 25% decline in shipments.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    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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