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  • Per Africa Wealth Report 2024, South Africa maintained its position as the country with the most millionaires in Africa in 2023.

    The country has 2.4x the number of millionaires as Egypt and 4.6x the figure of Nigeria.

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    Average-time-spent-on-social-media-daily-by-countries.

    Nigeria ranks 5th globally in average daily social media usage, with users spending about 3 hours and 23 minutes each day on social media. This places the country among the world's most active social media users. Kenya and South Africa also feature prominently, ranking 1st and 2nd globally, with 3 hours and 43 minutes and 3 hours and 37 minutes, respectively. For those interested in in-depth analysis or professional content support on topics like these, consider working with the bester Ghostwriter, who can assist in creating well-researched and impactful content. This highlights Africa's significant presence among the world's most active social media users. This highlights Africa's significant presence among the world's most active social media users.

    Note: This is based on users aged 16-64 from 233 countries and territories.

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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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    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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  • 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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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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  • When Olusegun Obasanjo took office in 1999, the exchange rate was ₦97 to $1; it was ₦128 under Yar'Adua in 2007. During Jonathan's tenure in 2010 it was ₦151 while it was ₦199 when Buhari was in office.

    Despite efforts to let market forces decide the rate, the naira continues to weaken. Will the current administration turn things around soon?

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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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.

    See more

Other Insights
  • Egypt had the highest total remittance inflows across all years in the dataset.
  • Nigeria was consistently among the top 3 recipients every year, topping the chart for 13 years.
  • Morocco and Ghana showed strong, stable inflows throughout the 2000–2023 period.
  • Kenya and Senegal experienced some of the fastest remittance growth from 2000 to recent years.
  • Rwanda had high percentage growth, though starting from a small base.
  • A noticeable dip occurred in 2020 for most countries, likely linked to COVID-19 — followed by recovery in 2021 and 2022.
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Key takeaways:

  • Kano State received the highest individual allocation, totalling ₦1.43 billion, which accounts for 6% of the overall disbursement.
  • The North-West region received the largest regional share, with ₦7.16 billion of the total NHIA Gateway Fund.
  • The South-West received the smallest regional allocation, amounting to nearly 10% of the total.
  • The top ten recipient states collectively received ₦10.07 billion, representing 42.1% of the entire fund.
  • The Southern regions collectively received 42% of total disbursement.
  • The total NHIA Gateway Fund disbursed in 2024 amounted to ₦23.92 billion.
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Key Takeaways:

  • Kaduna led national corn production on average, contributing 8% of total output, between 450,000 and 947,000 metric tons.
  • Niger, Gombe, Borno, Plateau, and Taraba followed closely, each accounting for 5–6% of the total output on average.
  • Corn production is heavily concentrated in the North-Central and North-East regions.
  • Kaduna and Niger together accounted for 14% of Nigeria’s corn output on average.
  • The top 10 corn-producing states, all located in northern Nigeria, on average contributed 47% of the national total.
  • Southern states such as Osun and Ondo contributed modest but notable shares, each representing 3% of national production on average.
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Key takeaways:

  • Kano State received the highest allocation, totalling ₦2.67 billion, which accounts for 5.9% of the entire fund.
  • Nine out of the top ten recipient states are located in Northern Nigeria.
  • Enugu is the sole Southern state to appear among the top ten beneficiaries.
  • The top ten states collectively received ₦16.94 billion, representing 37.3% of the total fund disbursed.
  • In total, ₦45.43 billion was disbursed to all 36 states and the FCT in 2024.
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Key Takeaways:

  • Cameroon’s IMF debt decreased from SDR 70.6 million in 2016 to SDR 49.1 million in 2017—a 30% reduction.
  • From 2018 onwards, the country experienced steady increases in outstanding debt.
  • After an initial 30% reduction from 2016 to 2017, debt skyrocketed by 380% in just one year (2017-2018).
  • By March 2025, Cameroon’s outstanding debt had reached SDR 1.18 billion, representing a staggering SDR 1.13 billion increase from its 2017 level.
  • Although the pace of accumulation has moderated in recent years, the overall debt trend remains upward.
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Key Takeaways:

  • The Democratic Republic of Congo (DRC) reduced its external debt significantly from SDR 263 million in 2016 to SDR 69.3 million by 2019.
  • A sharp reversal occurred in 2020, with debt surging by 327% within a single year, from SDR 69.3 million in 2019 to SDR 296.2 million.
  • Over the decade from 2016 to 2025, the country’s debt increased by 580%, reaching SDR 1.79 billion by March 2025.
  • From 2020 to 2025, the DRC has accumulated over SDR 1.49 billion in new debt.
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  • Gold hit its trough at $1,985/oz in February 2024, marking the low before an uninterrupted rally.
  • After a spring consolidation, gold surged past $2,500/oz in September 2024 (peaking then at $2,546), signaling broadening investor demand.
  • The metal first cracked the $3,000/oz threshold in March 2025 when it reached $3,026, underscoring accelerating momentum.
  • That rally culminated in a new record of $3,323/oz in April 2025, a 67.5% gain from the February 2024 low.
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Global internet usage overview
  • A staggering 96.3% of users access the internet via mobile devices, making smartphones the most important digital tools in the world today.
  • While 82.7% of the global urban population is online, only 47.4% of the rural population has access. That’s a huge gap that reflects deep inequalities in infrastructure and digital opportunity.
  • Spending 6 hours and 38 minutes online every day isn’t just scrolling time; it’s a shift in how humans live, learn, and earn. It’s equivalent to more than 100 full days online per year per person.
  • Although mobile dominates, 61.5% of users still access the internet through computers, proving that traditional devices still matter for work, school, or content creation.
  • While 70% of men use the internet, 65.7% of women do. This gap may seem small, but on a global scale, it represents millions of women without access to tools for learning, income, and visibility.
  • With billions spending almost 7 hours daily online, the internet is where decisions are made, opinions are formed, and lives are influenced.
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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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  • Asia added 413 GW in one year, marking the most significant renewable energy expansion globally.
  • Asia’s 2024 renewable capacity is larger than the combined totals of all other regions indicated.
  • Europe reached 850 GW of installed capacity in 2024, consolidating its position as the second-largest renewable energy region.
  • North America’s renewable energy grew by 8.7% to 572 GW.
  • Oceania recorded a 12.9% growth rate, one of the highest relative increases despite its small base.
  • The Middle East achieved 10.8% growth, reflecting increased investments in solar and wind energy.
  • Africa’s renewable energy grew modestly to 70 GW.
  • Central America & the Caribbean recorded no growth, staying at 19 GW, making it the only stagnant region in 2024.
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  • Egypt has been the lead source of African scholars in the US in the last 24 years.
  • Of the African scholars in the US as of the 2023/24 academic session, 20% were Egyptians.
  • The country remains a pivotal actor in building transcontinental academic bridges and contributing to global knowledge exchange.
  • Egypt’s visibility in the US scholarly ecosystem reinforces its role as a regional academic hub.
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  • Mauritius, with a median age of 38 years, has the oldest population in Africa.
  • The Central African Republic has the youngest population, with a median age of 14 years.
  • Nigeria’s median age of 18 years reflects the dominance of youth in its population.
  • Older populations tend to signal lower fertility rates.
  • Younger populations highlight higher fertility rates and greater demand for education and jobs.
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  • US imports from Africa grew 23.9% year-on-year to $23.4 billion in H1 2025.
  • South Africa drove much of the growth, with exports surging 52.2% to $9.5 billion.
  • Nigeria recorded a 12.1% decline in exports to the US, falling to $2.8 billion.
  • Algeria also posted a contraction, with exports dropping 13.5% to $1.1 billion.
  • Egypt’s exports increased 14.8%.
  • Other African countries collectively expanded exports by 23.5% to $8.6 billion.
  • Africa’s trade growth with the US continues despite tariff barriers, showing resilience.
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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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  • Johannesburg is home to the highest number of millionaires in Africa, with 11,700 individuals.
  • Six out of the top ten wealthiest African cities are located in South Africa.
  • Cairo leads North Africa with 6,800 millionaires, showing its dominance as a financial hub.
  • Nairobi has 4,200 millionaires, making it East Africa’s wealthiest city.
  • Lagos, with 3,600 millionaires, remains West Africa’s wealthiest city.
  • Lifestyle regions, such as the Cape Winelands and the Garden Route, feature prominently, reflecting the importance of property and lifestyle economies.
  • Casablanca, with 2,900 millionaires, underscores Morocco’s rising appeal as a North African wealth centre.
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