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  • Only 8% of South Sudan's population had access to electricity as of 2021, representing Africa's lowest percentage. Although eight countries boasted between 90% and 100% access to electricity, more than 50% of the population of 24 other countries were without electricity.

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    Nigeria's debt burden has been a growing concern, with data revealing that for every $1 billion external loan repaid in the past decade, approximately $3 billion was borrowed. Here, we look at how the country has managed its external debt in the past ten years.
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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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    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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  • Every Nigerian president since 1999 left office with a higher dollar to naira exchange rate than when they took office. Will President Tinubu's tenure be the exception?

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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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  • 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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  • 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.

    See more

Other Insights

In 2023, Morocco led Africa’s phone export market with $192.2 million, making up 0.07% of the global total, followed by South Africa at $85.9 million, with a global share of 0.03%.

Though Tunisia, Mauritius, and Kenya contributed smaller shares, Tunisia’s remarkable 5,456% growth stands out, positioning it for greater involvement in the global market.

However, Mauritius and Kenya faced declines of -38% and -52%.

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In 2023, the global mobile phone export market totalled $271.42 billion, with China dominating by accounting for $137 billion (50.5%) of total exports.

Vietnam, Hong Kong, and India complete the top four, accounting for 11.8%, 9.7%, and 5.3% of the total, respectively.

Six Asian countries and regions make up four-fifths of global mobile phone export value in 2023, showcasing the region's dominance in the industry.

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With rising global cyber threats, Kenya, one of Africa's Tier 1 cybersecurity countries (ITU classification), has recorded 2.76 billion cyber threats in the first nine months of 2024.

After a dramatic spike in Q4 2023 (+943%), cyber threats have dropped by 49% in Q3 2024 but remained significantly higher than five quarters ago. Threats rose again in Q2 (+17%) and then dropped in Q3 (-42%).

This surge in attacks led to a recent major breach, where a government agency’s data was sold on the dark web, highlighting the urgent need for stronger security measures.

What actions can Kenya and other countries take to improve their cybersecurity?

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Global Airlines' revenue from 2019-2024

The International Civil Aviation Day is celebrated every year on December 7. Global Airlines experienced over 100% revenue growth from 2020 to 2023, with passenger revenue, the primary driver of this growth.

Cargo revenue has also contributed significantly to the overall increase. This shows the industry is recovering strongly from the pandemic. Notably, cargo revenue has experienced consistent growth since 2019; even during the COVID-19 pandemic, cargo revenue grew from $101b in 2019 to $140b in 2020.

The airline industry's future looks bright, with continued growth expected in the coming years as forecasted in 2024.

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Births by women aged 15 to 19 (1950-2100)

In many communities across Africa, young girls face societal pressures that often cut short their education and lead to early motherhood. Teenage births have consistently risen since 1950 but are projected to peak at 6.86 million in 2029, after which a gradual decline is expected. This projection, from the United Nations Population Division, offers hope for progress as efforts to empower young women and improve access to education and healthcare take root.

Note: Data for teenage births refers to women aged 15 to 19.

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Top 23 most powerful countries by strength index in 2024

South Africa is rising on the global stage, showcasing its growing influence as it secures its spot as the only African country among the world's top 23 superpowers.

The United States leads with a strength index of 0.89, followed closely by China at 0.80. While traditional powers like Germany and Japan hold their ground, South Africa proudly stands among the top 23 superpowers with a strength index of 0.1. This is the only African country that made the top 23, coming 22nd on the list.

The ranking is based on analysis from Ray Dalio's Great Powers Index 2024. Dalio assessed each nation's strength based on a wide range of metrics, including education, innovation and technology, cost competitiveness, economic output, and military strength.

Note: The Eurozone, ranked third on the list, was removed as it cannot be considered a single country.

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Known for its Elephant Cement brand, Lafarge Africa is on its way to reaching its highest annual revenue in the past decade, with its 2024 9-month revenue outperforming full-year revenues for 2023.

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Lafarge Africa's journey over six decades is a tale of growth, transformation, and significant milestones. From its roots as WAPCO in 1959 to its current position, the company’s evolution continues, with an acquisition by Huaxin Cement in 2024, pending regulatory approval.

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Public officials in Nigeria directly requested 54% of all bribes in 2023

In 2023, 54% of bribes in Nigeria were directly solicited by public officials, while 23% involved subtle hints or indirect demands. Bribes were commonly exchanged in specific locations, with 36% occurring in the homes of public officials and 35% on the streets. These patterns highlight widespread and deeply entrenched corruption across different spheres of interaction.

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Top 31 countries based on the 2024 English Proficiency Index

Nigeria occupies the 30th spot globally in the English Proficiency Index, achieving a score of 557, just behind Kenya (581) and South Africa (594). As one of Africa's linguistic leaders, this ranking highlights Nigeria’s strength in English proficiency, a vital skill driving communication, business, and education across the continent.

This data comes from the EF English Proficiency Index, which aggregated the test results of 2.2m adults from 113 countries and regions. Countries where English is the primary native spoken language are not included in this ranking. Ranks are determined by each country’s average score in the EF Standard English Test (EF SET).

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GDP per capita Nigeria and Africa (2010-2029)
 

Over the years, many African countries, including Nigeria, have experienced economic turbulence caused by fluctuating global markets and domestic challenges. However, amidst these challenges, there’s hope as IMF economic forecasts point toward growth.

According to the IMF, GDP per capita in Nigeria and Africa is projected to increase from 2025 after years of stagnation and decline. Nigeria’s GDP per capita fell sharply from $2,197 in 2022 to $877 in 2024. Encouragingly, growth is expected with projections of $1,047 for Nigeria by 2029, signaling a slow but steady improvement in living standards.

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Fatalities caused by the 50 worst terrorist attacks in 2022

In 2022, the top 50 terrorist attacks claimed 2,088 lives across 11 countries, with African nations significantly affected. Seven of these nations are African, and together they account for over half of the fatalities. Mali alone recorded 421 deaths, Burkina Faso recorded 317 deaths, while Nigeria and Somalia saw 212 and 200 lives lost, respectively.

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E-commerce payments method in Nigeria (transaction value %), 2023 and 2027
  • Digital wallets are the fastest-growing e-commerce payment method in Nigeria, set to double from 11% in 2023 to 22% by 2027.
  • A2A transfers remain the dominant payment method, slightly increasing from 32% to 34%, showing continued reliance on direct bank-to-bank transfers.
  • Cash-on-delivery is becoming less relevant, dropping from 15% in 2023 to just 9% in 2027, signaling a shift away from cash-based transactions.
  • Both debit card and credit card payments are declining, with debit cards dropping from 19% to 16% and credit cards falling from 15% to 12%, suggesting a changing balance in card preferences.
  • Prepaid cards and buy now, pay later (BNPL) solutions remain relatively small players in the Nigerian e-commerce space, with minimal growth.
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Nigeria's Value Added Tax collections by sector (Q1-Q2 2024)
  • Three sectors, Manufacturing, ICT, and Mining & Quarrying, accounted for 58.8% of total VAT revenue in the first half of 2024.
  • Manufacturing alone contributed 24.8% of VAT, making it the highest-paying sector.
  • Nigeria’s digital economy is thriving, with ICT generating 17.6% of VAT revenue, signaling the growth of telecom, data services, and digital platforms.
  • The extractive industry remains vital, with Mining & Quarrying contributing 16.4% of total VAT collection.
  • Finance & Insurance (10.2%) and Public Administration & Defence (9.7%) also made significant contributions to Nigeria’s VAT revenue.
  • Despite contributions from 21 sectors, VAT revenue is still heavily reliant on a few key industries, highlighting the need for a broader tax base.
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Nigeria's public debt stock (2017 - 2024)
  • External debt has nearly doubled as in 2017, it stood at 26.64%, but by 2024, it had risen to 46.96%.
  • Domestic debt has dropped from 73.36% in 2017 to 53.04% in 2024, showing a decline.
  • Nigeria’s increasing reliance on external loans suggests a strategic shift in public debt financing.
  • Unlike other years, domestic debt share slightly increased in 2023, rising to 60.74%, before external debt rebounded in 2024.
  • A rising share of external debt means higher exposure to foreign exchange risks and global market conditions.
  • If the trend continues, Nigeria’s external and domestic debt may soon be equal, reducing the traditional dominance of domestic borrowing.
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  • Nigeria remains the largest forest owner in West Africa, despite a steady decline in forest area from 217,902.5 km² in 2019 to 213,003.5 km² in 2022.
  • Ghana is the only top forest-owning country with increasing forest area, growing from 79,784.8 km² in 2019 to 80,001.6 km² in 2022.
  • Liberia, Senegal, and Burkina Faso all experienced gradual declines in forest area over the period.
  • Burkina Faso has the smallest forest area among these countries, with 61,164 km² in 2022.
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  • Apple leads the global market with $3.863 trillion market capitalisation, followed closely by Nvidia at $3.355 trillion and Microsoft at $3.200 trillion.
  • Tesla ($1.385T) remains the most valuable automobile company, far ahead of traditional car manufacturers.
  • The highest-ranked non-tech company, Saudi Aramco, stands at $1.805 trillion.
  • Other trillion-dollar companies span industries such as finance (Berkshire Hathaway – $0.984T) and media (Meta – $1.514T).
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  • Nigeria’s agricultural GDP reached ₦19.3 billion in 2023, showing minimal growth.
  • From 2013 to 2023, agriculture played a key role in Nigeria’s economic growth, averaging 24.43% of the total annual GDP.
  • Agriculture's share in the total GDP in 2020 (25.90%) dropped to 24.76% in 2023.
  • Post-pandemic recovery in the agricultural sector has been robust, with consistent growth from ₦18.3 billion in 2020 to ₦19.3 billion in 2023.
  • Agriculture remains a critical driver of Nigeria’s economy, ensuring food security and supporting livelihoods across the country.
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