Ethiopian Business Review

Between 1997 and 2008, average non-tax revenue has been increasing in Africa largely driven by the global commodity price boom. Nevertheless, especially after 2012, non-tax revenue declined sharply due to dropping commodity prices. Despite this, the non-tax revenue collected by African countries reached a staggering USD133 billion in 2017, which is much higher than the USD100 billion the continent reportedly loses annually in the form of illicit financial flows.

Published in Statistics
Read more... 0

Because of its 30pct per year growth since 2000, Africa is currently the second largest telecom market in the world, next to Asia. By the end of June 2018, the number of mobile subscriptions in Africa was 1.04 billion, up from the one billion subscriptions at the end of 2017. As a result, the continent’s mobile penetration rate reached 82Pct in 2018.

Published in Statistics
Read more... 0

African countries exported USD476.6 billion dollars of goods in2018, 12.8Pct higher than the 2017 average. The figure is however 11.3Pct lower than the aggregate export earnings of 2014. In comparison, global exports from all countries worldwide equaled USD19.2 trillion in 2018, of which Africa’s export represent an estimated 2.5Pct.

Published in Statistics
Read more... 0