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  • Nigeria’s electricity distribution companies (DISCOs) generated ₦1.07 trillion revenue in 2023 — double 2020's amount and 3.8x that of 2015. From 2015 to 2023, revenue has grown from ₦279b to ₦1.07t, while customer base has increased by over 5m, from 7m to 12.1m.

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    Bitcoin has seen remarkable growth since 2010. Starting from a high of just $0.5 in 2010, it reached an all-time high of $73.7k in March 2024.

    It recorded new peaks in 2011, 2013, 2017, 2020, 2021, and recently in 2024.

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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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    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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  • 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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    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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  • The African countries with the highest life expectancies as of 2023 are: Algeria - 77 years, Tunisia - 77 years, Cape Verde - 77 years, Mauritius - 76 years.

    The African countries with the lowest life expectancies: Central African Republic - 55 years, Lesotho - 55 years, Nigeria - 54 years, Chad - 54 years.

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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
 
  • India produced 25.4 million metric tonnes of ginger since 1961 — more than any other country by far.
  • India’s 2021 harvest of 2.22 million tonnes is the highest single-year output ever recorded.
  • Nigeria is now the second-largest global producer, but its total output (10.1 million tonnes) is less than half of India’s.
  • Global ginger production is highly volatile, with year-on-year changes fluctuating by an average of nearly 10%.
  • Just five countries — India, China, Nigeria, Nepal, and Indonesia — account for the vast majority of global output.
  • Production has expanded over time, but remains concentrated in Asia and parts of Africa.
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  • Angola and Ethiopia account for the highest debt service-to-GDP ratios in Africa, both exceeding 67%.
  • East Africa dominates the high debt-servicing bracket, with five countries among the top ten most burdened.
  • Algeria has the lowest debt service-to-GDP ratio on the continent at just 0.10%.
  • There’s a wide gap between the top and bottom debt service burdens, reflecting divergent fiscal paths across Africa.
  • Low debt servicing doesn’t automatically mean economic strength—it may reflect limited borrowing capacity.
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  • Algeria’s debt service per GDP dropped from 0.77% in 2009 to a projected 0.09% in 2025.
  • The country’s debt service per GDP declined at a -11.9% CAGR from 2009–2025.
  • A high of 0.73% occurred in 2012 before the consistent decline resumed.
  • By 2015, the country's debt service fell to 0.27%, showing progress in reduction.
  • The lowest point is forecast for 2025, at 0.09% of GDP.
  • Algeria’s debt burden is among the lowest in Africa, contrasting with the rising trend in many other nations.
  • This low debt service level allows for greater fiscal flexibility in public spending and investment.
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  • Nigeria's debt service per GDP rose from 0.9% in 2009 to a projected 15.1% in 2025.
  • Overall CAGR from 2009 to 2025 is 17.8%.
  • President Muhammadu Buhari’s tenure saw the fastest growth (29.1% CAGR).
  • Under President Goodluck Jonathan, growth was slower (6.5% CAGR).
  • President Bola Ahmed Tinubu’s term so far shows a 27.6% CAGR.
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  • Debt service in Angola hit 68.3% of GDP in 2024.
  • Even with a projected fall to 67.7% in 2025, the debt burden remains high.
  • Between 2009 and 2025, the debt service ratio grew at a CAGR of 11.2%.
  • The ratio stayed below 15% from 2009 to 2014 before surging to 41.9% in 2016.
  • Angola has faced multiple spikes above 50% since 2019, showing recurring debt strain.
  • The sharp drop to 31.2% in 2022 was short-lived, followed by a steep increase.
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  • Africa’s population in H1 2025 stood at 1.51 billion.
  • Eastern Africa is the most populous region with 500.7M people (33.0%).
  • Western Africa follows with 456.3M (30.1%).
  • Together, Eastern and Western Africa account for over 63% of Africa’s total population.
  • Southern Africa is the least populous with 73.1M (4.8%).
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  • Africa’s largest net migration gain was in 1985, with +328K people.
  • The continent faced its steepest loss in 2010, with -998K.
  • 2020 was a standout year in recent decades with +248K net gain.
  • The 2024 net migration figure of -644K is the third-largest loss since 1955.
  • Despite a partial recovery in 2025 to -378K, losses still outweigh gains.
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  • Africa’s share of the global population has more than doubled, from 9.3% in 1955 to an estimated 18.8% in 2025.
  • The most rapid growth has occurred since 2000, increasing from 13.5% to 18.8% over 26 years.
  • Between 1980 and 2000, Africa’s share rose modestly from 10.9% to 13.5%.
  • The most significant 20-year gain occurred between 2000 and 2020, with an increase of 4 percentage points.
  • Population growth in Africa contrasts with stagnation or decline in many other parts of the world.
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  • Nigeria leads Africa with 1,630.83 points, ranked 36th globally, maintaining their long-standing supremacy in Africa's women’s football.
  • South Africa remains second, 165 points behind Nigeria, consolidating their position after consistent WAFCON performances.
  • North Africa's breakthrough is evident with Morocco at 3rd, driven by recent World Cup appearances and continental success.
  • There is tight competition in mid-table, with Zambia, Cameroon, and Ghana separated by less than 12 points.
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  • Nigeria’s D’Tigress leads Africa with 640.1 points, holding 8th place in the world rankings.
  • Mali sits in second with 343.7 points, more than 290 points behind Nigeria.
  • Senegal, Mozambique, and Cameroon complete Africa’s top five, all ranked within the global top 40.
  • South Sudan enters the continental top 10 at 10th, while ranking 55th globally.
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  • The USA dominates the rankings with 880.9 points, holding a significant lead over second-placed Australia (719.6).
  • France and China follow closely in 3rd and 4th, separated by just 6.5 points.
  • Nigeria’s D’Tigress ranks 8th globally with 640.1 points, the highest for any African nation.
  • Brazil and Serbia round out the top 10, both under 640 points.
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  • Nigeria led with 78.9 Mtoe, accounting for over 22% of Africa’s total oil output.
  • Algeria (59.3 Mtoe) and Angola (57.4 Mtoe) followed closely; the three top producers together supplied] 56% of the continent’s oil.
  • Africa’s total oil production was 345.5 Mtoe, just 7.6% of the global total (4,542.7 Mtoe).
  • The top 5 producers accounted for over 80% of Africa’s oil.
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  • In 2023, the total number of African-born immigrants in the US was about 2.79 million.
  • Western Africa is the largest source region, contributing 1.08 million immigrants (39%), led by Nigeria (476k).
  • Eastern Africa is the second-largest source (28%), dominated by Ethiopia (278.2k).
  • Northern Africa accounts for 17%, mainly from Egypt (225.7k).
  • Central Africa contributes 8%, with Cameroon (90.7k) as the top country.
  • Southern Africa is smaller at 5%, almost entirely from South Africa (133.4k).
  • Five countries—Nigeria, Ethiopia, Egypt, Cameroon, and South Africa—together make up nearly half of all African-born immigrants in the US.
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  • Food prices rose roughly 13.9% from January to August 2025, according to the rebased Consumer Price Index (CPI) from the National Bureau of Statistics.
  • Month-on-month inflation for food fluctuated, with some months seeing sharper increases than others.
  • Using January as a baseline, the purchasing power of money for food declined steadily, meaning households need more naira to buy the same items.
  • Food carries a large weight in the CPI basket, making it a major driver of overall inflation and cost-of-living increases.
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  • Kenya’s microfinance assets grew by just 1.62% between 2014 and 2024.
  • The sector peaked in 2019 at KSh 76.4B, before entering a steady decline.
  • 2023 (-8.8%) and 2024 (-9.8%) posted the steepest year-on-year declines.
  • The sector recorded only two notable growth spikes: 2015 (+21.9%) and 2019 (+7.9%).
  • Overall, the trend from 2020 onward shows persistent contraction in asset value.
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  • Kenya’s insurance sector PAT grew by 143% between 2017 and 2024.
  • The lowest point came in 2020, with profits dropping 57.7% to KSh 6.4B.
  • A sharp rebound followed, with profits rising steadily each year from 2021 to 2024.
  • The strongest yearly growth was in 2019, with a 108% surge in profits.
  • By 2024, PAT stood at KSh 33.1B, the highest in the seven-year period.
  • Profits more than quadrupled from 2020 (KSh 6.4B) to 2024 (KSh 33.1B).
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  • Gross premium income in Kenya’s insurance sector grew by 89.1% between 2017 and 2024.
  • Premiums rose from KSh 209.0B in 2017 to KSh 395.3B in 2024.
  • The most substantial annual growth occurred in 2023 at 17.6%.
  • 2021 also recorded a significant rise of 16.6% growth.
  • The slowest growth was observed in 2020, at just 2.3%, likely reflecting the impact of the pandemic.
  • Despite fluctuations, the sector has maintained an upward growth trajectory across the 7 years.
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  • Kenya’s insurance assets more than doubled in seven years, from KSh 591B in 2017 to KSh 1.2T in 2024.
  • This represents a 109.4% growth over the period.
  • The sector recorded positive growth every single year, with no declines.
  • The most substantial growth occurred in 2024, at 17%.
  • Asset growth averaged between 7.5% and 12.5% annually until the surge in 2024.
  • 2023 marked the first time assets crossed the KSh 1 trillion mark.
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