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Jumia Group has recorded $1 billion in losses since its IPO in 2019. The eCommerce giant also recorded its highest yearly loss in 2019. In recent years, Jumia Group has shut down some of its businesses across Africa, thus recording its lowest loss over seven years in 2023.

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.

Top 15 African countries by number of medical doctors per 10,000 people as of 2022: Only 7 African nations meet the World Health Organization (WHO)'s recommended doctor-to-population ratio! #HealthcareAfrica #Africa

📢 New Report: The Nigerian Workplace Report. Powered by AltSchool Africa, the report x-rays how people in Nigeria work from the perspectives of the employees and human resources professionals, and many other things. Get the report here workplace2024.intelpoint.co

Between 2000 and 2021, electricity supply in West Africa varied significantly across countries. Cape Verde experienced the most instability, with fluctuations between 2981.5 and 7692.9 kWh/person, while Ghana, Benin, Nigeria, and Mali also showed inconsistent supply. In

Over the past nine years, petrol prices in Nigeria have experienced a dramatic and relentless rise, climbing from ₦109.60 per liter in January 2016 to ₦1,189.12 per litre in December 2024, a staggering 984.96% increase. While the early years saw moderate fluctuations, the trend

Nestlé Nigeria’s financial position has suffered a dramatic reversal. After a strong ₦49 billion naira profit in 2022, the company suffered a ₦79.5 billion naira loss in 2023, marking a 262% decline in just one year. The situation worsened in 2024, with losses more than

In Q1 2025, Nigeria continued its strong trade momentum with a total nominal trade volume of ₦36 trillion. Exports rose slightly to a new peak of ₦20.6 trillion, while imports declined quarter-on-quarter to ₦15.4 trillion. The result was a solid ₦5.17 trillion surplus, the

South Africa stands out in Africa for how well it handles trade. With the continent’s highest LPI score (3.7) as of 2023, it means goods clear customs faster, move on better infrastructure like roads and ports, and reach their destination on time. All these are thanks to stronger

The 2025 FIFA Club World Cup features a clear continental disparity: Europe dominates with 12 entries: Real Madrid, Chelsea, FC Porto, FC Salzburg, Juventus, Manchester City, Borussia Dortmund, Benfica, Inter Milan, Bayern Munich, Atlético de Madrid and Paris Saint-Germain, while

Forty-eight countries are projected to reach their population peak between 2025 and 2054, signalling major demographic shifts in various regions. Brazil is expected to lead this group, reaching a peak population of approximately 219 million by 2042. Vietnam and Iran follow, with

There's no better investment than Agriculture. Especially at a critical point in our nation where food security is topical. Investing in Agric is your best decision Presco is now a Trillion naira company. The share currently is sold at over N110. #FridayFarmingFact

In Q1 2025, Lagos State reinforced its reputation as Nigeria’s VAT powerhouse, contributing ₦819.62 billion in Value Added Tax. This figure alone accounts for a substantial portion of the country’s total state-level VAT, surpassing the next state, Rivers, by a margin of over

FIFA uses a revised Elo rating system, adopted in 2018, to rank teams based on match results, opponent strength, and match importance. A win against a high-ranking team in a competitive fixture (like a World Cup qualifier) yields more points than beating a lower-ranked team in a