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How Indonesia, Malaysia, Thailand, and Colombia overtook Nigeria in palm oil production

Nigeria was once a global leader in palm oil production, but it has been overtaken by Malaysia, Indonesia, Thailand, and Colombia. Indonesia, in particular, has seen a 34,018% increase in production since 1961, reaching 49.7 million tonnes by 2021.

Egypt accounted for 43% of Africa's crude steel production in 2023

In 2023, Egypt, South Africa, Algeria, and Morocco dominated Africa's steel industry, accounting for 88% of the continent's production. Egypt led the charge, contributing 43% of Africa's total steel output. Despite this, Africa's 23.92 million tonnes only make up 1.26% of global production.

South Africa's export value in 2023 was almost double Nigeria's

In 2023, South Africa led Africa's exports with a value of $110.7 billion, nearly double Nigeria's $60.7 billion. Key exports include gems, vehicles, and mineral fuels. The top 15 African exporters contribute 84% to the continent's trade, with South Africa, Nigeria, Algeria, Morocco, and Egypt leading with a combined 52%.

Five African countries accounted for 61% of the continent's daily oil consumption in 2022

In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d). Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).

As of June 26, 2024, 95 countries owed the IMF $111.6 billion

Argentina, Egypt, and Ukraine were the IMF’s top three debtors as of June 26, 2024, accounting for $51 billion (46%) of the total debt. Egypt, Angola, and Kenya occupy the top three spots in Africa on the IMF’s debtors’ list. As of December 2023, Kenya's public debt stood at Ksh11.14 trillion (approximately $76.8 billion). By June 2024, its debt to the IMF had increased by 245% from $744 million in August 2020. This increase has coincided with protests in Kenya, where citizens opposed a proposed finance bill aiming to raise additional taxes to reduce the budget deficit and state borrowing.

Only 3 African countries had 100% access to electricity as of 2021

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.

Chad and Nigeria had the lowest life expectancies in Africa as of 2023

The African countries with the highest life expectancies as of 2023 are: Algeria - 77 years, Tunisia - 77 years, Cape Verde - 77 years, Mauritius - 76 years. The African countries with the lowest life expectancies: Central African Republic - 55 years, Lesotho - 55 years, Nigeria - 54 years, Chad - 54 years.

Top African countries by the economic impact of the six-hour Facebook, Instagram, and WhatsApp outage on October 4, 2021

The massive six-hour outage that took down Facebook, Instagram, and WhatsApp on October 4, 2021, is estimated to have cost Nigeria more than any other African country. Here are the top 20 most affected African countries.

Top African countries by individuals' private wealth as of December 2020

South Africans held more private wealth than people in Egypt, Nigeria, and Morocco combined. Africa's most populous country and home to the continent's richest man, Nigeria, ranked third after Egypt. Here are the top African countries by private wealth held as of December 2020.

Top 10 African countries by maritime merchandise trade in 2020

According to UNCTAD, most developing countries move more than 80% of their internationally-traded goods by sea. In Africa, Nigeria had the most maritime merchandise trade in 2020.

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