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A Snapshot of Wealth in Africa

The continent of Africa contains more than 50 countries, but just five account for more than half of total wealth on the continent: South Africa, Egypt, Nigeria, Morocco, and Kenya. Despite recent setbacks in Africa’s largest economies, wealth creation has been strong in a number of areas, and total private wealth is now estimated toContinue reading “A Snapshot of Wealth in Africa”

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AfCFTA could boost African incomes by 9%, says World Bank report

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes. Charles Dietz Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct investment (FDI) that would boost incomesContinue reading “AfCFTA could boost African incomes by 9%, says World Bank report”

Only 9 African countries print their currency domestically.

In a continent of about 54 countries, 9 have the capacity to print their own currencies or mint their own coins. Nigeria, Morocco, Kenya, Algeria, South Africa, the Democratic Republic of Congo, Egypt, Sudan, and Zimbabwe are the only countries that have set up private companies and state-owned enterprises printing banknotes. Out of the remainingContinue reading “Only 9 African countries print their currency domestically.”

Most Populated Cities In Africa (2022)

Africa has a Population of close to 1.4 Billion people with Nigeria as the most populous Nation with over 200 million People. Here is a list of Africa’s most populous cities 1. Lagos🇳🇬 21 million people2. Cairo🇪🇬 20.4 million people3 Kinshasa🇨🇩 13.3 million people4. Luanda🇦🇴 6.5 million people 5. Nairobi🇰🇪 6.5 million people 6. Mogadishu🇸🇴Continue reading “Most Populated Cities In Africa (2022)”

Top 30 Companies in Sub-Sahara Africa

Here are the Top 30 companies in Sub-Saharan Africa by market capitialization as of January 2022. According to the monthly market report by AfricanFinancials. 1) MTN Group – $23.4 billion 🇿🇦 South Africa2) Safaricom – $13 billion 🇰🇪 Kenya3) Dangote Cement – $10.7 billion 🇳🇬 Nigeria4) MTN Nigeria – $9.7 billion 🇳🇬 Nigeria5) Airtel AfricaContinue reading “Top 30 Companies in Sub-Sahara Africa”

ECOWAS REBUKES MALI OVER APPROVAL OF 5YRS INTERIM TENURE FOR MILITARY GOVERNMENT

Military regimes an aberration in sub-region, says ECOWAS mediator to Mali , Jonathan Nigeria’s former President and Chair of the Economic Community of West African States (ECOWAS) Council of the Wise (CoW), Dr. Goodluck Jonathan, has said the sub-region would not accept the five-year transition period proposed by the military government in Mali because itContinue reading “ECOWAS REBUKES MALI OVER APPROVAL OF 5YRS INTERIM TENURE FOR MILITARY GOVERNMENT”

Africa on the Horizon

Countries in Africa that can rule the world forever when they come together as one kingdom 1 Nigeria 🇳🇬 2 Ethiopia 🇪🇹 3 Democratic Republic of the Congo 4 Egypt 🇪🇬 5 South Africa 🇿🇦 6 Tanzania 🇹🇿 7 Kenya 🇰🇪 8 Uganda 🇺🇬 9 Algeria 🇩🇿 10 Sudan 🇸🇩 11 Morocco 🇲🇦 12 MozambiqueContinue reading “Africa on the Horizon”

WHO nods the Production of Vaccines in Africa

The World Health Organization (WHO) has announced that six African countries have been granted technology to develop mRNA vaccines to address the continent’s scarcity of Covid-19 vaccines. Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia have been chosen as the first recipients of technology from the World Health Organization’s global mRNA vaccine hub. The ideaContinue reading “WHO nods the Production of Vaccines in Africa”

Religious Countries in Africa

Most Religious Countries in Africa.(percentage of religious people%)1 Somalia 🇸🇴 (99.8)– Islam 99% 2 Niger 🇳🇪 (99.7)– Islam 99.3%– Christianity 0.3%– Animism 0.2% 3 Ethiopia 🇪🇹 (99.3)– 67.3% Christianity—43.8% EthiopianOrthodoxy—22.8% P’ent’ay—0.7% Catholicism31.3% Islam0.6% Traditionalfaiths 4 Malawi 🇲🇼 (99)82.3% Christianity—58.5% Protestantism—17.2% Catholicism—6.6% Other Christian13.8% Islam2.1% None1.2% Traditional faiths 5 Mauritania 🇲🇷 (98.5)– Islam 98% 6 DjiboutiContinue reading “Religious Countries in Africa”