• Internally Generated Revenue (IGR) accounted for 61% of Lagos State’s Q1 2025 receipts.
• VAT was the second-largest funding source, contributing 22%.
• Loans made up 8% of total inflows for the quarter.
• Opening balance accounted for 4%, indicating a moderate carryover from the previous year.

• South Africa has doubled from 317,000 units in 1999 to approximately 600,000 units in 2024.
•  Major peaks were recorded in 2006 (588K), 2016 (616K), and 2018 (632K), while noticeable declines occurred in 2009 (374K) and 2020 (447K), reflecting global economic shocks.
• South Africa remains one of the leading vehicle producers in Africa, manufacturing a wide mix of passenger cars, light commercial vehicles (LCVs), trucks, and buses/coaches.
• The industry plays a critical role in exports, employment, and industrial development, making South Africa an automotive hub on the continent.

• China built 31.3M vehicles in 2024, more than the U.S. and Japan combined, and over one-third of global output.
• The U.S. and Japan are still major players, but each produced less than half of China’s volume.
• India, rising with 6.0M vehicles, is cementing its place as a global automotive powerhouse.
• Europe’s strength: Germany leads with 4.1M units, supported by Spain, France, and the Czech Republic.
• Brazil, Thailand, and Turkey demonstrate strong regional growth.

Africa’s contribution:

• South Africa (21st, 0.59M units) is the continent’s top producer.
• Morocco (23rd, 0.56M units) follows closely. Combined, they reflect Africa’s small but developing presence in the global auto industry.

• Algeria is Africa’s largest country, covering 2.4 million km², slightly bigger than the Democratic Republic of Congo (2.3 million km²).
• Sudan (1.9 million km²) and Libya (1.8 million km²) complete the top four, showing that North Africa dominates the list of largest territories.
• Nigeria, Africa’s most populous nation, has a landmass of 923,800 km², placing it 14th in size, much smaller than its population ranking.
• The smallest among the top 20 listed is South Sudan, with 619,700 km², less than one-third the size of Algeria.

• Samsung dominates with 26.42% of Ghana’s smartphone market, making it the clear leader.
• Tecno (17.7%) and Apple (17.4%) are in a tight race for second place, separated by just 0.3 percentage points.
• Infinix (10.5%) and Itel (5.2%) highlight the strong presence of Transsion Holdings brands in Ghana.
• Global giants like Huawei (6.8%) and Xiaomi (2.5%) lag behind, showing Ghana’s preference for budget-friendly African-focused brands.

• Seychelles is the tiniest country in Africa, covering only 452 km², smaller than the size of some global cities.
• Island nations dominate the smallest group, with Seychelles, Comoros, Mauritius, and Cape Verde all under 5,000 km² each.
• Gambia is the smallest mainland country, spanning 10,700 km², surrounded almost entirely by Senegal except its Atlantic coast.
• Only 10 African countries have land areas under 30,000 km², with most being among the continent’s most densely populated.

• South Africa dominates with 41,100 millionaires, accounting for more than 1 in 3 African millionaires, far ahead of any other nation.
• Egypt (14,800) and Morocco (7,500) round out the top three, highlighting North Africa’s wealth concentration.
• Nigeria (7,200) and Kenya (6,800) confirm West and East Africa’s growing wealth hubs, though still far below South Africa.
• Mauritius (4,800) and Seychelles (500) rank surprisingly high relative to population size, showing their role as finance and wealth management hubs.

• Samsung controls more than half of the South African smartphone market, more than all other brands combined.
• Apple holds 17.61%, less than half of Samsung’s share, but remains the clear premium alternative.
• Despite global challenges, Huawei captures 10.03%, placing third in the market.
• Honor, Xiaomi, and Oppo collectively hold approximately 11.6%, while smaller brands like Tecno, Itel, and Nokia struggle below 2% each.

• Mauritius is the fastest-growing hub with a 63% surge in millionaires, highlighting its rising financial services sector and favourable investment climate.
• Rwanda (+48%) and Morocco (+40%) also show strong upward trends, driven by economic diversification and political stability.
• Nigeria (-47%), Angola (-36%), and Algeria (-23%) recorded the steepest declines, reflecting oil dependence, currency challenges, and political instability.
• Africa overall saw a -5% dip, showing that while select countries are thriving, the continent’s wealth distribution has shifted unevenly.

• Russia is the volume leader with 37.3M carats, nearly 1.5× Botswana’s 25.1M carats.
• Botswana punches above its weight: though producing 33% fewer carats than Russia, its output value almost matches Russia's due to higher value per carat price.
• Eight of the top 10 producers are African (Botswana, Angola, DR Congo, South Africa, Zimbabwe, Namibia, Sierra Leone, Lesotho).
• Low-volume producers like Namibia (2.4M ct → $1.2B) highlight how smaller deposits can yield high-value diamonds.

• Cape Verde attracted no foreign direct investment during the early 1990s, signalling limited investor interest at the time.
• FDI inflows skyrocketed from $130M in 2006 to an all-time high of $170M in 2008, before stabilising above $100M for most of the 2010s.
• The country experienced large swings, ranging from a high of $150M (2014) to lows of $50M (2020).
• Despite recovering to $130M in 2023, inflows dropped sharply to $60M in 2024, the weakest figure in over a decade.

• Aliko Dangote of Nigeria is the richest Black billionaire globally, with more than double the wealth of the next African on the list.
• Six of the top 10 billionaires are American, led by David Steward ($11.4B) and Robert F. Smith ($10.8B).
• Nigeria is the only African country with multiple names: Dangote ($23.9B), Mike Adenuga ($6.8B), and Abdulsamad Rabiu ($5.1B).
• Fortunes span industries from cement, oil, and telecoms in Africa to tech, investment, sports, and entertainment in the US.