Question 1

In 2024, which North African country led the continent in attracting foreign direct investment (FDI), largely due to a significant real estate megaproject?

Accepted Answer

Egypt

Question 2

Despite a general downturn in global venture capital funding in 2024, which African region emerged as the leading recipient of VC funding, accounting for a substantial portion of the total?

Accepted Answer

East Africa

Question 3

Which sector experienced a near doubling in value of foreign direct investment in Africa in 2024, driven by expanding digital economies and increasing demand for mobile connectivity?

Accepted Answer

Telecommunications

Question 4

In 2024, Africa's tourism sector surpassed pre-pandemic levels, welcoming approximately how many international arrivals?

Accepted Answer

74 million

Question 5

The 2024 State of the Climate in Africa report highlighted the significant economic toll of climate change on the continent, estimated at over how much in losses, primarily from agricultural production and infrastructure damage?

Accepted Answer

$10 billion

Question 6

In 2024, African manufacturing value added experienced a notable decline, largely attributed to currency depreciation against the US dollar. Which of these countries saw a significant currency-related decrease in its manufacturing value added, despite potentially flat or marginal growth in real output?

Accepted Answer

Ghana

Question 7

Which of the following African countries was highlighted as the leading country in Africa with the highest ICT Development Index score in 2024?

Accepted Answer

Libya

Question 8

In 2024, venture capital funding in Africa saw a significant drop. What alternative financing method saw an increase in usage by startups as an alternative to traditional VC funding?

Accepted Answer

Venture Debt

Question 9

Africa's mining industry in 2024 is significantly influenced by the global push for electrification. Which battery mineral, of which Africa holds over 70% of the world's reserves, is crucial for this transition?

Accepted Answer

Cobalt

Question 10

According to the 2024 Africa Consumer Outlook report, what are the primary challenges faced by producers in Sub-Saharan Africa, leading to squeezed profit margins?

Accepted Answer

Increased input prices, supply chain disruptions, and currency depreciation

Question 11

In 2024, foreign direct investment in Africa reached a record $97 billion. Which region within Africa was at the forefront of this foreign investment rise?

Accepted Answer

North Africa

Question 12

The African Continental Free Trade Area (AfCFTA) is a key initiative for regional integration. Which of the following is a projected outcome of the AfCFTA integration, alongside infrastructure upgrades and pro-investment reforms, on trade and tourism?

Accepted Answer

Improved trade and mobility

Question 13

In 2024, the African tech venture capital market experienced a near-flat performance compared to 2023. Which sectors attracted the largest share of deals and capital within this ecosystem during this period?

Accepted Answer

Fintech and Digital Banks

Question 14

Which African country, experiencing one of the worst droughts in decades in 2024, significantly affected its hydroelectric power generation due to critically low water levels in Lake Kariba?

Accepted Answer

Zambia

Question 15

In 2024, South Africa's manufacturing value added expanded, primarily attributable to factors other than currency depreciation. Which of these factors was a key reason for this expansion?

Accepted Answer

Stronger chemical and automotive exports

Question 16

Africa's digital economy is rapidly expanding. By 2025, it is projected that digital wallets and mobile money services will process over how much in transactions across Africa?

Accepted Answer

$500 billion

Question 17

In 2024, Africa's contribution to global manufacturing value added (MVA) was approximately what percentage?

Accepted Answer

2.0%

Question 18

The 2024 EY Africa Attractiveness Report highlighted key sectors driving foreign direct investment. Which sector accounted for half of all FDI in 2023, with notable projects like Mauritania's green hydrogen initiative?

Accepted Answer

Renewable Energy

Question 19

In 2024, Africa's venture capital ecosystem experienced a significant contraction in both deal volume and value compared to global markets. However, which type of African investors formed the single largest group of active VC participants on the continent for the first time?

Accepted Answer

African investors

Question 20

Which of the following is a significant challenge for Africa's mining sector in 2024, as it seeks to capitalize on its mineral endowments amidst global insecurity and oscillating commodity prices?

Accepted Answer

Risk of value extraction and insufficient investment

Africa's Shifting Economic Tides: FDI Surges, Tech Ecosystem Evolves, and Climate Challenges Intensify

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