African statistics

  The concept of minimum wage is a reoccurring theme for social scholars in the world. It has become a tool to measure prosperity and happiness in the world. It can be defined as the minimum compensation for employees set by the state. The idea of minimum wage is to make sure that workers are properly compensated for their work.   In Africa however, minimum wage have been growing steadily as more African countries move from a lower income economy to a middle income economy.  Calculation for minimum wage can be complicated because of the way it is interpreted in different countries. For example, some countries have no mandated minimum wage for workers but may deem it necessary to introduce minimum wage for employees in a particular sector of the economy like in the case of Zimbabwe that has no minimum wage except for mine workers.  They method for calculating minimum wage is salary or allowance gotten before the deduction of taxes, levies or welfare payment. An...

       The airports international Council recently released its list of busiest airport in the world. The ACI as it's fondly called, releases the list of busiest airport in the world every year. The agency's definition of busiest airport is the amount of passengers enplaned plus passengers deplaned plus direct and transit passengers. The agency compiled it's list using passenger traffic data from 1,144 airports around the world.  The focus of this article is on the busiest airport in Africa. The ACI data obtained by Stanstats showed that African countries have experienced year over year growth in passenger air traffic and we're well above historical figures. The data also showed that the top ten busiest airport in Africa accounted for more than 100 million passenger traffic in Africa and that air travels increased by more than 10 percent in Africa. Here is the top ten busiest airport in Africa. O.R TAMBO INTERNATIONAL AIRPORT:  The south African...

 Since the discovery of oil in Africa last century,the question on everybody's mind is when it is going to finish. The answer to that question is rooted in the complex nature of fossil fuels. With the recent clamour by developed countries in the world to cut down on the use of fossil fuels and move to clean energy because of climate change makes it even more complicated to answer.  However, oil production has dropped in Africa because of slow economic growth in the world, drop in oil prices and OPEC's decision to cut production has a created a greater uncertainty over the future of fossil fuels in Africa and the world at large.   Stanstats decided to profile the African countries with largest proven oil reserves from different sources that include OPEC, CIA, World factbook, oil companies etc. According to our methodology, proven reserves are those quantities of petroleum which by analysis or engineering data are deemed economical. Proven oil reserves may include oil r...

    Currencies are legal tenders. A strong currency means a higher or a stronger spending power of a country. Since the introduction of currency in Africa in the 20th century, it has become the medium for the Exchange of goods and services. In Africa, having a strong currency is a form of pride for individual countries. A strong currency could mean strong and prosperous economy. Although, recent analysis shows that strong currencies does not necessarily mean a wealthy economy.     Let's take a look at the top 5 strongest currencies in Africa. 1.LIBYAN DINAR:$1=1.37 Libyan dinar The title for the most valuable or strongest currency in Africa goes to the Libyan dinar. The currency is the 7th most valuable currency in the world according to recent exchange rates. Despite the Arab spring that plunged the country into crisis,they steady supply of oil in the country has kept the currency standing. 2.TUNISIAN DINAR:$1=2.07 Tunisian dinar The second most valuable curre...

 The purpose of this article is to highlight the level of unemployment in Africa and show the African countries that are mostly affected. Unemployment can be defined as an economic condition in which individuals that are actively seeking jobs are un-hired while unemployment rate is the number of unemployed persons divided by the total labour force.                          International labour organization (ILO)  recently released report on unemployment showed that in 2015 alone 197.1 million people in the world were unemployed and is expected to rise by 2.3 million people next year.    Unemployment rate in Africa is around 8 percent. Recent surveys shows that unemployment rate is getting high in oil producing countries in Africa due to drop in oil prices. The ILO report also showed that job quality in Africa is still very low and that vulnerable employment in sub saharan Africa alone stands at 70 pe...

  Natural gas has become one of the most important source of energy in Africa and in the world at large. The fossil fuel has become a major source of energy for cooking and electricity generation in Africa. Natural gas can be found in deep underground formations or associated with other hydrocarbon reservoirs in coal beds.                           On the world stage, a natural gas production statistics released by international energy agency showed that natural gas production was at four trillion cubic meters annually.Gas production in the world declined in 2009 only to rebound by 4.4 percent in 2010.    However, in Africa, the top ten largest natural gas producers in Africa produced 199,561,000,000 cubic meters of natural gas combined. The report also showed that gas production has declined generally in Africa, for example gas production in Libya declined from 12 billion cubic meters in 2013 to 7 billio...

  Life expectancy has become an important tool to measure human development in today's world. Life expectancy can be described as the average number of years to be lived by a group of people born in the same year. It can also be described as a measure of overall quality of life in country.     A WHO report on life expectancy shows that the average life expectancy is 71.0 years, 68 years for men and 73 years for female. The report showed that women  live longer than men generally. The report also showed that developed countries have higher life expectancy than developing and undeveloped countries.      However, our main focus for this article is Africa. The report showed that African countries have lower life expectancy compared to the rest of the world. North African countries live longer than sub saharan countries and women also live longer than men in Africa. Some of the factors for lower life expectancy in Africa include diseases like HIV, p...