Malawi experienced a significant increase in remittance inflow from $747k in 2000 to $263.4 million in 2023, with the highest growth rate in 2003. The most substantial value gain occurred in 2018. Nigeria, Egypt, and Morocco have been leading Africa's remittance receipts, contributing 67% of the continent's total inflows since 2000. In 2023, African nations received $94.78 billion, with Egypt, Nigeria, and Morocco at the forefront.

Jumia Group experienced significant growth in active customers and order volumes between Q1 2019 and Q2 2020, with a notable peak in Q4 2021. Despite a 13% year-over-year increase in orders, the company faced substantial losses in Q2 2021, marking a 105% increase from the previous quarter. The data highlights Jumia's fluctuating performance in the e-commerce sector, particularly in West Africa.

In Nigeria, POS transactions have surged dramatically, reaching nearly 10 billion in 2023, as ATM usage declines due to cash shortages. This shift marks a significant change in financial service usage. In 2023, 66% of fraud cases were committed using social engineering, with mobile channels being the most common platform for fraud. In H1 2024, GTCO led Nigerian banks with a 223% profit increase, followed by Zenith Bank and Jaiz Bank, while UBA experienced a profit decline.

Airtel Africa, a leading telecommunications company in sub-Saharan Africa, experienced a decline in the share of revenue from voice services, dropping from 60.97% in 2019 to 46.16% in 2023, while data revenue increased from 21.74% to 33.11% over the same period. Despite a slight drop in profit after tax, the company saw growth in customer numbers and infrastructure. Nigeria remains Airtel Africa's largest market, contributing 39.3% of its revenue and holding a significant share of the telephony and internet subscriber market.

MultiChoice Group's revenue from Nigeria declined by 31% in 2024 compared to 2023, with Nigeria's share of the group's Rest of Africa subscription revenue decreasing from 44% to 35%. Conversely, South Africa's contribution to the group's subscription revenue increased from 56.2% to 58.4% during the same period, solidifying its position as the company's largest market. Nigeria's overall revenue share also fell from 18.7% to 13.9%.

Tanzania saw a significant increase in internet subscriptions from 9.31 million in 2013 to 39.3 million by June 2024, with mobile wireless subscriptions making up 99.75% of the total. Safaricom in Kenya has grown its subscriber base from 10.2 million in 2008 to 44.7 million in 2024, maintaining a strong market position. In Nigeria, internet subscribers grew by 4.3% from March 2023 to March 2024, with Nasarawa leading in new subscriptions. The GSMA's Mobile Connectivity Index 2023 shows South Africa leading in Africa, with only four African countries surpassing the global average score.

Over 4,000 people were interviewed across Nigeria's six geopolitical zones for the Nigerian Financial Services Market report, produced in partnership with Moniepoint. The North Central, North-West, and South-West regions each accounted for a little over one-fifth of the people who own mobile money or bank accounts. The South West has the highest number of people without mobile money or bank accounts, while the South South and North East have significant portions of the population unaware of mobile money. Southern zones show higher neobank awareness, and the South South has the highest ratio of people without banking facilities in their communities.

Nigerian Fintech startups have been the most funded in the startup space over the past five years, with a peak of over $1.01 billion raised in 2021, marking the highest funding in 14 years. However, funding for the sector has decreased since the 2021 raise.

Revenue from voice remains the largest contributor to Airtel Africa's revenue between 2019 and 2023, but its share has steadily declined from 60.97% in 2018 to 46.16% in 2023. Meanwhile, the share of revenue from data and Airtel Mobile has been on a steady rise since 2020.

Nigeria's crude oil exports reached a record high of ₦29 trillion in 2023, accounting for 81% of the country's export value and marking a significant increase over three consecutive years since 2021. Despite a 36% decline in 2020, exports surged by 53% in 2021, 46% in 2022, and 37% in 2023. Concurrently, Nigeria experienced a dramatic 226% increase in petrol pump prices from ₦189 to ₦617 between May and July 2023, following the removal of petrol subsidies. The Petroleum Industry Bill, passed in July 2021, is anticipated to bring transformative changes to the oil and gas sector. Nigeria's oil production saw a decrease from 2.1 million barrels per day in 2019 to 1.798 million barrels per day in 2020.