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  • Nigeria's Federal Account Allocation Committee shared ₦1.85 trillion among 36 states between January and June 2023. Here is the revenue allocation by geopolitical zone in H1 2023.
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    While many living in Nigeria have already experienced the effects of the fuel subsidy removal on their daily expenses, this chart presents a clearer picture of reality. Will the prices of food items continue to rise? Is there hope of some respite soon?

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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.

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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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    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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  • GSM subscribers in Nigeria only recorded three year-on-year drops in the past 11 years

    As of March 2024, there were 219m subscribers in Nigeria's GSM market which is dominated by three players each with over 20% market share. More than 40 mobile virtual network operators (MVNOs) have been licensed to date, all of whom will rely on the infrastructure of the country's four mobile network operators to offer their services.

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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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  • 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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Other Insights
 
  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Egypt and South Africa dominate Africa’s space presence, with 14 and 13 satellites respectively, accounting for nearly one-third of the continent’s total.
  • Nigeria (7), Algeria (6), and Morocco (5) form the next tier, highlighting North and West Africa as emerging hubs in satellite development.
  • The majority of other African countries with satellites, including Rwanda, Ethiopia, Zimbabwe, Djibouti and Angola, have two satellites each.
  • Out of 54 African nations, only 18 have any satellites in orbit, underscoring the vast disparity in space investment and technological capacity across the continent.
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  • 446 Ghanaian scholars are in the US as of the 2023/24 academic session, making up 9.5% of the total number of African scholars in the US.
  • In the 2000/01 academic session, Ghana was the 7th leading source of African scholars with only 75 Ghanaian scholars in the US.
  • Nearly 1 in African scholars in the US is a Ghanaian.
  • Ghana scholarly population in the US have grown by 497%.
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  • Black River, Mauritius, saw the fastest growth in millionaires: more than 105% over 10 years, adding about 560 new millionaires.
  • Marrakech, Morocco, grew by 67%, gaining roughly 680 millionaires from tourism and luxury real estate.
  • Whale Coast, South Africa, added around 600 millionaires with 50% growth, driven by lifestyle migration.
  • Cape Winelands, South Africa, gained about 1,100 millionaires, growing 42% over the decade.
  • Cape Town grew more modestly at 33%, but had the largest absolute gain—over 2,100 millionaires—reaching 8,500 total.
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  • US imports from Africa jumped 24% to $23.4 billion in H1 2025 despite tariffs.
  • Egypt led gains, doubling its surplus with the US to $2.73 billion.
  • Nigeria swung into a $576 million surplus, reversing last year’s deficit.
  • South Africa’s deficit with the US nearly doubled to $6.32 billion, dragging the overall balance.
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  • Africa’s population grew by 580.4%, from 228M in 1950 to 1.6B in 2025, making it the fastest-growing continent.
  • Asia remains the most populated continent, reaching 4.8B people in 2025, up from 1.4B in 1950.
  • Europe’s growth has been the slowest, at just 35.6%, rising from 549M to 744M.
  • Latin America & the Caribbean grew by 298%, from 168M to 668M.
  • North America more than doubled its population, growing by 130.7% from 168M to 388M.
  • Oceania saw a 270% increase, though it remains the least populated continent at 47M people.
  • Africa’s population is now more than double Europe’s, a major demographic shift compared to 1950.
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  • Morocco’s GDP per capita has shown a fluctuating pattern in the last 25 years, with periods of steady growth and also fall.
  • The years 2003–2008 stand out as a high-growth phase, with GDP per capita rising rapidly from $1,941.9 to $3,183.2.
  • In 2021, a dramatic 15.9% rebound took GDP per capita up to $3,785.9.
  • In 2024, nominal GDP per capita stood at $3,993.4.
  • The last 25 years depict a more than twofold increase in Morocco’s GDP per capita, moving from $1,499.1 to $3,993.4.
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  • The number of new Canadian citizens born in Egypt fell 9.8% in H1 2025, reaching 1,158, down from 1,284 in late 2024.
  • The steepest half-on-half fall came in H2 2024 (-37.3%), signalling the start of a more sustained slowdown.
  • Compared with the 2022 peak of 2,566, current levels are down 55%, marking a continuous decline since mid-2022.
  • Despite the multi-year decline, the smaller 9.8% decrease in H1 2025 suggests the rate of decline may be easing.
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  • H1 2025 recorded 832 new Canadian citizens of South African origin, down 23.7% from H2 2024 (1,091).
  • The first half of 2024 marked the highest level of approvals (1,514) in the past four years.
  • H1 2025 is 24% below H1 2022’s 1,089, the second lowest number in the period.
  • The data shows average half-on-half change of ±19%, reflecting strong fluctuations in migration and processing patterns.
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  • Algeria’s naturalisation figures in Canada showed major volatility, swinging between sharp increases and declines across half-year periods.
  • The number of new citizens peaked at 3,429 in H2 2023, representing a 69.1% surge from the preceding half year.
  • Following the 2023 peak, figures fell by 18.8% in H1 2024 and another 8.3% in H1 2025, showing a sustained downward correction.
  • Between H1 2022 (2,559) and H1 2025 (1,831), naturalisations dropped by roughly 28%, suggesting reduced inflow or slower application approvals among Algerian residents.
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  • Nigeria dominates with ₦339.6b, contributing over 70% of GTCO’s total profit after tax in Africa.
  • Ghana (₦61.9b) and Côte d’Ivoire (₦28.2b) followed as the strongest non-Nigerian subsidiaries.
  • Tanzania (₦46m) and Uganda (₦505m) contributed negligible profits compared to peers.
  • GTCO subsidiaries across Africa collectively generated around ₦476b profit after tax in the first half of 2025.
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  • The seven North-Western states collectively owed about ₦223.4 billion in domestic debt as of Q2 2025, according to DMO data.
  • Kano State ranked highest with ₦56.9 billion, accounting for roughly 25% of the zone’s total debt.
  • Jigawa remains the least indebted in the region and in the entire country, with only ₦852 million.
  • Moderate debt spread: While Kano, Zamfara, and Sokoto carried the largest debt loads, the remaining states maintained relatively conservative borrowing patterns.
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  • The six North Central states collectively hold ₦449.4 billion in domestic debt as of Q2 2025, according to DMO data.
  • Kogi and Nasarawa lead in fiscal control with ₦18.8 billion and ₦23.9 billion, respectively
  • Both states record the lowest debt profiles in the region. Niger State’s ₦141.5 billion debt makes it the region’s most indebted, accounting for nearly one-third of the total.
  • The debt gap between Kogi (lowest) and Niger (highest) stands at over ₦123 billion, highlighting stark differences in fiscal management and borrowing capacity across the zone.
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