Facts in Q&A format

Africa’s top five fastest growing economies, which are projected to grow by more than 5.5% on average in 2023-2024, are Rwanda (7.9%), Côte d'Ivoire (7.1%), Benin (6.4%), Ethiopia (6.0%), and Tanzania (5.6%). ...

While there are several ways to compare various nations' wealth, a commonly used method is to evaluate each country's gross domestic product (GDP). GDP is a measure of a country's overall economic activity. It represents the total value at current prices of final goods and services produced within a...

Sub-Saharan Africa’s public debt has increased steadily for more than a decade. Domestic government debt has increased from 15% of GDP in 2010 to 30% in 2020. In 2020, sub-Saharan Africa had a total external debt stock of US$702.4 billion, compared to US$380.9 billion in 2012. ...

Nigeria is West Africa’s largest recipient of foreign direct investment (FDI). The country saw its flows double to US$4.8 billion in 2021, mainly because of a resurgence in investments in the oil and gas sectors. ...

Equatorial Guinea (8% of its GDP), the Democratic Republic of the Congo (10.6 % of its GDP) and Botswana (23.2 % of its GDP) have the lowest external debt, according to the latest statistics from the International Monetary Fund. ...

Cabo Verde (159.2 % of its GDP), Eritrea (151.9% of its GDP) and Mozambique (102% of its GDP) have the highest debt, according to the latest statistics from the International Monetary Fund. ...

Africa had a projected unemployment rate of 8% in 2022, affecting an estimated 41.9 million people. North Africa's unemployment rate was estimated at 12.6% in 2022, compared to 7.2% for sub-Saharan Africa in the same year. ...

West Africa accounted for 42.9% of Afreximbank loans in the first half of 2022. The major beneficiaries of this support were the financial services and oil and gas sectors. The bank has stepped in to fill the financing gap created in the oil and gas sector following the withdrawal of international b...

Bitcoin is a decentralised digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Core ...