Fact of the Day

Johannesburg, South Africa. Credit: sothebysrealty.com

Fact of the Day: Johannesburg, South Africa is the #1 tourist destination in Africa for the 4th year in a row

South Africa’s major urban cities remain the most visited in the African continent, attracting millions of tourists, boosting local tourism and injecting billions of dollars into the economy.

Africa Digital Market Outlook

Fact of the Day: Africa to pass 1 billion mobile subscriptions by end of 2016, says Ovum (Infographic)

Africa is expected to cross 1 billion mobile subscriptions in the fourth quarter of 2016, reaching 1.02 billion by year-end, according to global advisory firm Ovum.

World Scrabble champion Wellington Jighere, 33, (right) is one of Nigeria's many masters. His strategy: "When you are expecting me to do the traditional thing, I will just choose to do something that is uncharacteristic."

Fact of the Day: Nigeria is the number one scrabble nation in the world (Audio)

Nigeria is the English-speaking world’s Scrabble superpower. Africa’s most populous nation is home not only to the global Scrabble champion, but team Nigeria ranks as the world’s top Scrabble playing nation — ahead of the U.S. in second place.

African internet traffic to grow six-fold by 2020

Fact of the Day: African internet traffic to grow six-fold by 2020

Africa’s internet traffic will grow six-fold by 2020, when the Middle East and Africa internet traffic will be equivalent to 527 times the volume of the region’s in 2005.

Fatma Samoura, newly-appointed FIFA Secretary General

Fact of the Day: FIFA's new Secretary General is the first African and first woman to hold the job

FIFA, the governing body of world soccer, appointed Senegal’s Fatma Samoura as its new secretary general.

In partnership with mobile money platform M-PESA, KCB disburses one loan every eight seconds.

Fact of the Day: Kenyan bank KCB disburses one loan every eight seconds

Bid farewell to long lines at the teller window. Brick and mortar bank branches will soon be going the way of the dinosaur.

African internet capacity growth continues to lead world

Fact of the Day: Africa's internet capacity growth was the fastest in the world over the past five years (Infographics)

Worldwide international Internet capacity growth continues to slow, falling from 41 percent in 2011 to 31 percent in 2015.

The Sheraton Hotel Addis Ababa, Club Room

Fact of the Day: Addis Ababa has Africa's highest hotel room rates

A price survey of international-grade hotels in select major African cities, produced by hospitality research firm STR Global, ahead of theAfrica Hotel Investment Forum (AHIF), taking place at the end of September, has revealed that Addis Ababa is the most expensive place for a good night’s sleep.

An opulent wedding for nearly a thousand guests was held at the banquet hall of a private housing estate in Lagos, Nigeria. Guests wear matching outfits and hats chosen by the bride’s family. Credit: nationalgeographic.com

Fact of the Day: Nigeria will have 3rd largest population in the world by 2050 (Infographics)

New population forecasts from the United Nations point to a new world order in 2050.

Malvina Goldfeld, Head, Business Development, Sub-Saharan Africa, PayPal

Fact of the Day: Nigeria is PayPal's second largest market in Africa, says Malvina Goldfeld, Head, Business Development, Sub-Saharan Africa, PayPal

Nigeria is PayPal’s second largest market in Africa, says Malvina Goldfeld, PayPal’s Head of Business Development in Sub-Saharan Africa.

How Nigeria became the world's dual SIM-card superpower

Fact of the Day: Nigeria is the largest market in the world for multi-SIM phone use

It’s the juggle of every Nigerian professional: all those mobile handsets. And then comes the struggle: For consistent phone reception. There’s little consumers can do about the state of their network’s coverage but there is a market solution to the inconvenience of carrying more than one phone: dual-SIM phones.

M-PESA

Fact of the Day: Mobile money service M-PESA is Kenya's top brand

Mobile money payment service M-PESA has been voted as Kenya’s leading brand in the Top 20 super brands in Kenya survey.

Vans at Idumota Market in Lagos Island, Nigeria

Fact of the Day: Nigeria is the world's most-watched frontier market

Nigeria has consolidated its position as the most-watched frontier market in the latest WSJ Frontiers/FSG Frontier Market Sentiment Index as an increasing proportion of multinationals put the country on their watch list for potential future investment.

Mobile phones

Fact of the Day: Sub-Saharan Africa mobile penetration to reach 79% by 2020. Mobile broadband connections to increase 4x by 2016

The mobile penetration in sub-Saharan Africa (SSA) region is expected to increase from 52 percent in 2012 to 79 percent in 2020, according to a new study.

Emperor Mansa Musa of Mali

Fact of the Day: With a jaw-dropping net worth of $400B, Emperor Mansa Musa of Mali was the world's richest man. Ever

Emperor Mansa Musa of Mali amassed a jaw-dropping $400B during his reign from 1312 to 1337, making him the wealthiest man ever, outranking the Rothschilds ($350B), the Rockefellers ($340B), and Bill Gates ($81.2B).

Brand Africa 100 - 2014

Fact of the Day: MTN is the most valuable brand in Africa - Brand Africa announces top 100 brands in Africa for 2014

The annual ranking of the most admired and most valuable brands in sub-Sahara Africa, Brand Africa 100, was announced earlier today at the Nairobi Securities Exchange, in Nairobi, the capital of Kenya.

South Africa's economic hub Johannesburg will retain its title as Africa's most visited city for the second year in a row, a study shows

Fact of the Day: Johannesburg is Africa's most visited city for second year in a row

South Africa’s economic hub Johannesburg will retain its title as Africa’s most visited city for the second year in a row, a study has shown.

Nigerian Children

Fact of the Day: Nigeria’s population is expected to surpass that of the United States by 2050

Nigeria’s population is expected to surpass that of the United States by 2050, according to the United Nations.

African Boys

Fact of the Day: Africa's population is set to double to 2.4B by 2050

Africa’s population, which currently stands at 1.1B, is set to more than double to 2.4B by 2050.

Dangote Cement

Fact of the Day: Dangote Cement is Nigeria's largest company by market capitalization

With a market capitalization of 4.1T Naira ($25.3B), Dangote Cement is the largest company traded on the Nigerian Stock Exchange (NSE).

The True Size of Africa

Fact of the Day: Africa's landmass is significantly larger than that of India, China, North America, and Western Europe combined

With an area of 11.67M square miles (30.22M square kilometers), Africa’s landmass is significantly larger than that of India, China, North America, and Western Europe combined.

Equity Bank

Fact of the Day: Kenya's Equity Bank is Africa's largest bank by customer base

With a customer base in excess of 8.7 million, Equity Bank is the largest bank in Africa by customer base.