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  • 23 African countries are in one phase or the other in launching a digital currency
    Senegal's cancellation of its experiment with an eCFA in 2016 makes Nigeria's eNaira the only active Central Bank Digital Currency (CBDC) in Africa. Half of the countries in Africa are currently not doing anything about CBDC, while a larger share of the other half is currently in the research phase.
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    Nigerian states and the FCT generated ₦1.92 trillion in internal revenue in 2022, ₦29.8 billion (1.57%) more than in 2021, with Lagos State accounting for 34% of the IGR in 2022. Here are the revenues collected by Nigeria's states in 2022.
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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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    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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  • 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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    Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

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  • Argentina, Egypt, and Ukraine were the IMF’s top three debtors as of June 26, 2024, accounting for $51 billion (46%) of the total debt. Egypt, Angola, and Kenya occupy the top three spots in Africa on the IMF’s debtors’ list.

    As of December 2023, Kenya's public debt stood at Ksh11.14 trillion (approximately $76.8 billion). By June 2024, its debt to the IMF had increased by 245% from $744 million in August 2020.

    This increase has coincided with protests in Kenya, where citizens opposed a proposed finance bill aiming to raise additional taxes to reduce the budget deficit and state borrowing.

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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
Share of private capital deals (volume) in Francophone Africa, by Sector, 2012 – 2024 H1
  • Between 2020–2024 H1, 40.58% and 50.91% of deal volume went to consumer staples and consumer discretionary respectively, showing that everyday goods and lifestyle products are fast becoming investment magnets.
  • The utilities sector deal volume exploded in recent years, jumping from 21.62% in 2016–2019 to 70.27% in 2020–2024 H1, an indication that basic infrastructure services like energy, water, and power are now central to investment strategies.
  • 78.57% of all deal volume in the information technology sector happened in the most recent period, suggesting that digital solutions and tech platforms are increasingly being backed by private capital.
  • The industrials sector also bounced back, with 46% of its deal volume coming in the 2020–2024 period.
  • Energy sector investment dropped from 66.67% to 33.33%, and real estate recorded no new deals after 2015.
  • Health care remained consistent across all three periods, securing exactly 33.33% of the deal volume each time, highlighting its stability, even if not standout growth.
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  • Nigeria’s currency has undergone 10 key shifts; from note introductions to redesigns and a digital launch.
  • Between 1999 and 2005, four new notes; ₦100 to ₦1,000, were introduced in response to inflation.
  • The ₦200, ₦500 & ₦1,000 notes, which dominate in circulation by value, were revamped with high-security features.
  • In 2021, Nigeria launched the eNaira, making it the first African country with a Central Bank Digital Currency.
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  • Rashidi Yekini remains Nigeria’s all-time top scorer with 40 goals in 58 appearances — a record that has stood for over two decades.
  • Victor Osimhen now ranks 2nd, overtaking Segun Odegbami by scoring 26 goals in just 40 matches.
  • Segun Odegbami, now 3rd, recorded 23 goals in 46 appearances during his time with the national team.
  • Among the top scorers, Osimhen has the best goals-per-game ratio, scoring 0.65 goals per game, compared to Yekini’s 0.69 and Odegbami’s 0.50.
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Key Takeaways:

  • South Africa’s outstanding debt to the International Monetary Fund (IMF) decreased from SDR 3.05 billion in March 2023 to SDR 762.8 million by March 2025.
  • The debt level remained unchanged at SDR 3.05 billion through the first three quarters of 2023.
  • Starting in December 2023, South Africa began making consistent quarterly repayments of SDR 381.4 million.
  • This trend demonstrates steady progress in debt reduction and a strengthened commitment to fiscal discipline.
  • The country is potentially on track for full repayment of its debt by the end of 2025.
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Key Takeaways:

  • Between 2016 and 2020, Kenya's debt to the International Monetary Fund (IMF) declined steadily by 59%, from SDR 609.8 million to SDR 249.9 million.
  • This downward trend reversed dramatically after 2020, with public debt rising to SDR 3.02 billion by March 2025.
  • The most significant annual increase occurred between 2020 and 2021, when debt jumped by 178%.
  • The lowest recorded debt level during the study period was in 2020, at the height of the COVID-19 pandemic, when it fell to approximately SDR 250 million.
  • Kenya’s IMF debt grew more than elevenfold (1,109%) from its 2020 low to its 2025 peak.
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Key Takeaways:

  • Soybeans topped the US' agricultural exports in 2024, followed by corn and beef.
  • The top 10 agricultural commodities made up 56.6% of the total value of the US' agricultural exports.
  • Plant-based exports (soybeans, corn, tree nuts, soybean meal, wheat) contributed over 34% of the total agricultural export value.
  • The combined value of the top 10 exports exceeded $99.73 billion.
  • Animal proteins (beef, pork, and poultry) together represented 13.9% of total US agricultural exports.
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  • Over 36% of candidates earned a Second Class Lower.
  • One in every 27 candidates achieved a First Class Honours.
  • More than 16% secured a Second Class Upper.
  • 181 candidates were absent for the exam, roughly 2.5% of the total.
  • 327 candidates earned a Conditional Pass, requiring further requirements for full qualification.
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  • The Netherlands led with 18.6% of South Africa’s citrus exports in 2023.
  • The U.S. accounted for 5.8% of South Africa’s citrus exports, a small share compared to Europe and UAE.
  • South African citrus exports to the U.S. in 2023 was valued at $141 million.
  • Other markets, like the UK and UAE, played a larger role in South Africa’s citrus trade.
  • Market diversity may reduce the impact of the trending U.S. tariff on South Africa’s overall citrus export.
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  • Djibouti’s inflation reached a peak in 2022, with 5.18%, the highest in the past decade.
  • The lowest inflation rate occurred in 2015, with a negative value of -0.85%.
  • From 2014 to 2023, Djibouti experienced fluctuating inflation, with increases in 2016, 2019, and 2022.
  • Between 2022 and 2023, inflation decreased from 5.18% to 1.50%.
  • The year 2018 saw the lowest inflation among positive rates, with a modest 0.15%.
  • The overall trend shows periodic inflation spikes, particularly in 2016, 2019, and 2022, while other years maintained relatively stable or lower inflation.
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  • The total number of out-of-school children in primary education in Lesotho rose to 96,388 in 2023, an increase of 40,511 from 2015.
  • The number of children out of school in 2021 saw a sharp rise to 92,290, up from 69,906 in 2020.
  • The gender gap remained relatively stable, with more boys than girls out of school each year.
  • The overall trend shows a steady increase in the total number of children out of school, especially in the past five years.
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Key Takeaways:

  • Petroleum products (crude oil and other oil products) dominated Nigeria's export landscape in 2024, accounting for 88.26% of total export value.
  • Agricultural exports contributed 5.73% to export value, despite Nigeria's significant agricultural potential.
  • The manufacturing sector made up just 2.95% of the total export value.
  • Nigeria’s total export value reached ₦77.44 trillion in 2024 from ₦35.96 trillion in 2023.
  • Non-oil sectors collectively made up less than 12% of export value.
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Key Takeaways:

  • Crude oil remains Nigeria’s largest export, while refined petroleum products lead imports.
  • Natural gas ranks as the second-largest export, contributing 9.71% of the total export value.
  • The top five imported products account for 32.28% of Nigeria’s global imports.
  • The top ten exports represent over 95% of Nigeria’s total export value.
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  • The USA leads the suppliers with 1.40 million barrels/day, making it the largest single contributor to the EU’s crude oil imports in 2024.
  • Norway and Kazakhstan follow closely, delivering 1.10M and 1.05M b/d respectively, together accounting for over 24% of the EU’s total imports.
  • Nigeria ranks 7th, contributing 0.54M b/d, which is 5.9% of total EU crude oil imports, ahead of Brazil and the UK.
  • The top 6 suppliers (USA to Iraq) delivered 5.45 million b/d in total, representing nearly 60% of the EU’s crude oil demand.
  • The rest of the world, not listed among the top 10, contributed 2.24M b/d, underscoring the EU’s diversified sourcing strategy.
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  • Chrome dominates the global browser market with a 66% share, handling two-third of all web traffic across devices.
  • Safari follows distantly at 17%, trailing Chrome by a wide margin of 49% points.
  • Edge, Firefox, Samsung Internet, and Opera combined account for only 12% of the market, showing limited competition.
  • Other lesser-known browsers collectively hold a 5% share, indicating minimal impact from emerging or alternative players.
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  • WISPI measures how well police and internal security systems serve the public through capacity, process, legitimacy, and outcomes.
  • The 2023 index ranked 125 countries and territories using 12 indicators.
  • A score of 1 signals strong trust and safety. A score of 0 signals failure and abuse.
  • Sub-Saharan Africa had the lowest average score at 0.369 across 33 countries.
  • Finland, Norway, Singapore, Netherlands, and Denmark topped the index with high trust and low crime.
  • Venezuela, Uganda, DRC, Nigeria, and Madagascar ranked lowest due to bribery, underreporting, and weak outcomes.
  • In Nigeria, just 0.05% of thefts were reported and 81% of survey respondents admitted to paying a police officer bribe.
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  • The US led global barley beer output for 41 straight years (1961–2001).
  • China has topped production every year since 2002—21 years and counting.
  • The US produced 1.28 billion tonnes in 62 years—about 3.88 trillion bottles of 33cl beer.
  • Nigeria rose from 53rd place in 1961 to 13th in 2014, before sliding to 22nd by 2022.
  • Global beer leadership now reflects shifts in demand from Western to Asian markets.
  • Beer output trends mirror broader changes in economic power and population growth.
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  • In 2023, international students made up 5.9% of total US higher education enrollment.
  • This is the highest share ever recorded since tracking began in 1948.
  • The share has grown steadily from 1.1% in 1948 to nearly 6% today.
  • Peak growth occurred from the late 1970s through the 2010s.
  • The total enrollment base in 2023 was 18.9 million, down from the 2011 peak of 21.2 million.
  • International student share remained resilient even as overall enrollment declined post-2010.
  • The 2020 dip (4.6%) resulted from the COVID disruption, but recovery was swift.
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Global active Twitter users by region as of January 2025
  • North America leads globally with 115M active users, making up 19.6% of global Twitter users.
  • Eastern Asia follows with 102M users, representing 17.4% of the global share.
  • Nigeria alone has 7.57M users, accounting for a significant part of West Africa’s 9.9M global share.
  • South-Eastern Asia is the third-largest region with 73.5M users, reflecting strong adoption in nations like Indonesia and the Philippines.
  • Western Europe (52.2M) and Western Asia (50M) show high engagement in politically and economically active regions.
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