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The Ghana economy is emerging as a digital-based mixed economy with the focus on manufacturing and export of digital technology goods similar to that of Taiwan. Morocco achieved independence from being a French protectorate in 1956. Kenya is known for its wildlife reserves and national parks. It is the 6th richest country in Africa with a GDP per capita of $15,000. Kenya remains in the bottom group of the Human Development Index and is an emerging market. 1. Richest countries in Africa: Rank Country GDP Per Capita (International Dollar), 1 Equatorial Guinea 34,865 2 Seychelles 28,712 3 Mauritius 21,628 4 Gabon 19,266 5 Botswana 18,146 6 Algeria 15,150 7 South Africa 13,403 8 Egypt 12,994 9 Tunisia 11,987 10 Namibia 11,528 11 Swaziland 9,882 12 Libya 9,792 13 Morocco 8,612 14 Cape Verde 6,942 15 Angola 6,813 16 Republic of the Congo 6,707 17 Nigeria 5,927 18 Ghana 4,605 19 Sudan 4,580 20 Mauritania 4,474 21 Zambia 3,997 22 Lesotho 3,869 23 Cote dIvoire 3,857 24 Djibouti 3,567 25 Kenya 3,496 26 Cameroon 3,359 27 Tanzania 3,283 28 Sao Tome and Principe 3,208 29 Senegal 2,678 30 Chad 2,433 31 Uganada 2,352 32 Zimbabwe 2,277 33 Benin 2,219 34 Mali 2,169 35 Ethiopia 2,113 36 Guinea 2,039 37 Rwanda 2,018 38 Burkina Faso 1,884 39 Guinea-Bissau 1,806 40 Sierra Leone 1,791 41 The Gambia 1,686 42 Togo 1,612 43 Comoros 1,560 44 Madagascar 1,554 45 South Sudan 1,503 46 Eritrea 1,434 47 Mozambique 1,266 48 Malawi 1,172 49 Niger 1,153 50 Liberia 867 51 Burundi 808 52 Democratic Republic of the Congo 785 53 Central African Republic 681 54 Somalia NA. Although in terms of purchasing power parity, South Africa comes seventh in Africa, due its large population, unemployment which extends to a quarter of the population, and poverty. Most of the countries including SA in the continent are in fact developing the sector as many people keep venturing into the industry. The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes.The list has been published since 2015. It is often called the Giant of Africa because of its large economy and its population of 186 million, which makes it the most populous country in Africa and the seventh most populous in the world. Almost 80 percent of the population belongs to the native African ancestry speaking several ethnic languages, nine of which have official recognition. Today, the per capita income in Tunisia is $11,987, Africas 9th highest. Its capital is Rabat, and its largest city is the port city of Casablanca. Yet it stands very low in Human Development Index at 152. However, due to its huge population, the GDP per capita is one of the lowest in the world. In case you wish to update the content with the latest figures, you can do so in the comments section. Diamonds and oil account for 60% of Angolas economy. It comes in first place with a GDP per capita of $34,865. Pastor Ray Macaulay South Africa $28 million. The list above shows the listing of African countries in terms of nominal GDP. Two Nigerians maintained the first and second positions, with only one woman making the top 10 list while businessmen make up the whole list of 10 richest people in Africa. The democratic political system of Ghana has helped grow its economic prosperity. There was no significant difference in the positions but there was a magnificent drop in their net worth. Morocco is a member of the African Union and Arab League. The United States is Nigerias largest foreign investor, and the International Monetary Fund (IMF) projects an economic growth rate of 8-11 %. Ali Bongo Ondimba ($1 billion) Gabon. Ethiopia also has the fourth most powerful military in Africa and the 51st in the world. Top 10 Richest South African Celebrities 2019. Ethiopia is where the remains of the first human existence in the world have been found. Top 10 Richest Musicians In South Africa 2019 Africa as a continent has been contributing eminently to the development of the music industries in order to add more value to the entertainment world. Heres a list of the top 10 richest men in Africa below with information on their profile, business investments, and their net worth. It is expected that the African economy will reach a GDP of $29 trillion by 2050. It has Burkina Faso in the north, Ivory Coast in the west, and Togo in the east. Algeria gained independence from France in 1962. List of the Top 10 Richest Women in Africa. It can be nominal GDP, PPP GDP, Per Capita GDP and many other such figures. The World Bank refers to Mauritius as an upper middle income economy. The main industries of the country are mining, manufacturing, agriculture, and tourism. The List Nassef Sawiris Mike Adenuga Johann Rupert Issad Rebrab Abdulsamad Rabiu Naguib Sawiris Patrice Motsepe Die Antwoord. It has over 500 ethnic groups speaking over 500 languages; although the official language is English. It is the largest country in Southern Africa and the 25th largest country in the world. Isabel dos Santos (Net Worth $2.3 billion) The princess as she is fondly called is the first child of former president of Angola, president Jose Eduardo dos Santos and the richest black African woman. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. Its capital is Abuja, and it has 36 states. Morocco bears the official name as the Kingdom of Morocco, and it is located in Northwest Africa. Here is a list of top 10 wealthiest countries of Africa as of 2019 ranked according to their nominal GDPs. Lesotho Rich List: Top Richest Politicians from Lesotho in 2019 Lesotho is geographically surrounded by South Africa and economically integrated with it. It spans the northeast of Africa and southwest of Asia by a land bridge formed by the Sinai Peninsula. It has a higher GDP per capita, as compared to other countries of Africa, which stands at around $11,800. The country earlier had the policy of Apartheid which was repealed in the 1990s. Angola is a member of the UN, OPEC, and African Union. Algeria is officially known as the Peoples Democratic Republic of Algeria and is located in North Africa on the Mediterranean coast. It continues to be a member of the Commonwealth of Nations. The data has been collated from several sources including that from the IMF. Now, Ethiopia is one of the fastest growing economies in the world, and the fastest-growing non-oil-dependent African economy with a GDP growth rate of around 10%. Since per capita norms are based on the number of population counties with the same GDP may be ranked differently depending on their population. Seychelles is characterized as a highly developed country. The list of the richest men in Africa was released by Forbes magazine in January 2020. It also has several UNESCO World Heritage Sites in Africa. Pastor Tshifhiwa Irene is ranked among the top 10 richest pastors in Africa. Algeria is a member of the UN, OPEC, the African Union, and the Arab League. The country is sparsely populated, with a population of around 2 million. There you have it on The Richest Kings in Africa and their net worth 2020. The pillars for Namibias economy are tourism, manufacturing, agriculture and mining. Christoeffel Wiese was South Africas third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. The continent has numerous soccer clubs that play in various leagues. WENDY APPELBAUM Top 10 Richest Women In Africa. Uhuru Kenyatta ($500 million) Kenya. Its capital is Cairo. She was the only daughter of Appelbaum. Top 10 richest countries in Africa (Updated 2019) 1. Mike Adenuga, owner of Globalcom, Nigerias third-largest mobile phone network, and an oil exploration 3. It exports tea, coffee, and flowers to Europe. The Republic of Kenya lies on the Equator and has its borders with Uganda to the west, Ethiopia to the north, Somalia to the north-east and Tanzania to the south. These are the richest countries in Africa according to GDP per capita. The mainland Tanganyika and the Zanzibar Archipelago became independent in 1961 and merged to form the United Republic of Tanzania in 1964. So, the main effort is there to upgrade the private sectors in Tanzania. Below are the top ten that rate highest in the Laaad Dridi is the current manager after joining the team in June 2019. It is the third richest country in Africa with a GDP per capita of $21,628. It is the worlds 20th largest economy with about $500 billion nominal GDP. The country has been ranked as the top African Country of the Future based on its economic potential, infrastructure, and business friendliness. Angola has a booming economy due to its oil revenues. Top 10 richest football clubs in Africa. South Africa has the United States, Germany, China, Japan, the United Kingdom and Spain as its principal trading countries. Again, it is important to note that income inequality is not taken into consideration when per capita GDP is reported. Egypt, officially known as the Arab Republic of Egypt, is a transcontinental country. Rest of the population comprises of Whites and Europeans, Indians, and multi-racial. Top 10 richest musicians in Africa 2019. His primary businesses include cement, sugar and flour. It is partly this low population that helps the GDP to remain relatively high. Furthermore, there is a monopoly over many commodities, which also further escalates this cost. Mike Adenuga. On the south, it has the Atlantic Ocean and the Indian Ocean on the west and east, respectively. Kenyas economy is the largest in eastern and central Africa. 2020 Bizna Digital Services | All rights reserved. Currently, a number of African countries are among the poorest while others have some of the fastest growing economies in the world. A Central African country, Gabon is located on the west African coast and is bordered by Equatorial Guinea, Cameroon, and the Republic of the Congo. The economy of Botswana grew very quickly. SHARES. Tourism is one of the most important sectors after the phosphate industry, and Morocco plans to increase the revenues to 20% of the GDP by increasing the tourist footfall to 20 million, according to its Vision 2020 program. It also has several other mineral reserves. Teodoro Obiang Nguema Mbasogo ($600 million) Equatorial Guinea. Although this number may appear to be high, on the UNs Human Development Index, Equatorial Guinea ranks 136th. More than 68% of Tanzanians live below the poverty line of $1.90 a day. Tanzanias population of about 57 million is made of several ethnic, linguistic, and religious groups who speak more than 100 different dialects. 1. Namibia sits in Southern Africa. Here is the list of the top 10 richest people in Tanzania 2019. Top 10 Richest Presidents in Africa 2019. Its capital and largest city in Addis Ababa. Egypt is a transcontinental country with territories stretching from Africas northeast corner to Asias southwest corner across the Sinai Peninsula. The economic disparity among South Africas population is primarily a result of the apartheid regime in the country which ended in 1994. There is a constitutional monarchy with an elected parliament in Morocco, and the predominant religion is Islam Morocco has a mountainous interior, deserts and a long coastline along the Atlantic Ocean and the Mediterranean Sea. Namibia. By. South Africa is enlisted among the top 10 countries in the world for income inequality. It ranks fourth on this list with an average GDP of $19,266. Die Antwoord is an incredible group of rappers that took the industry by storm in 2009. However, many of its residents continue to live in poverty. The Wealth Record. Like any other field of activity, music can bring generous incomes if you become a true master. It also ranks high as a safest tax haven due to its tax-friendly policies. Germany, US, Japan, and China are the biggest trade partners of South Africa outside of Africa. South Africa is known to be one of the most developed countries in Africa and with development comes so many opportunities and riches. The top richest rappers in South Africa include some of the best musicians worldwide, and here are the richest three rappers among them. It is a hot tourist destination with several world heritage sites and beautiful beaches. The full name of his organization is Rhema Bible Church. Top 10 richest The history of Egypt is one of the oldest and dates back to the 6th century BC. Top 20 Richest Men In Africa 2020 {Net Worth} By S. Olawale May 19, 2020 Richest 1 Comment In this post, we list the current wealthiest African billionaires, the top 20 richest men in Africa, and their net worth as well as what they do and how they made the journey to the top. All figures are from the 2017 International Monetary Fund data. Aliko Dangote. Nigeria is committed to ending poverty by 2030. Nominal GDP in billion dollars (estimated) = 408.61. To date, unemployment rates remain high, especially among youth. Ghana has an abundance of petroleum and natural gas, the fifth and sixth largest in Africa, which it exports to its advantage. South Africa is the most popular tourist destination, and its economy has gained a lot by promoting tourism. 1. Nigeria is the founder member of the African Union and a member of the United Nations, the Commonwealth of Nations and OPEC. It is actually made up of around 115 small islands. Agriculture accounts for 15% of the GDP and employs about 40% of the population. The Nigerian Stock Exchange is the second largest in Africa, after South Africa. It has also made its mark on the world athletic scene and rugby. Since 2001, Angola has become a stable republic. Though the country is rich in resources, the people of the country have been exploited for decades and are poverty stricken. Tanzania also ranks as one having the most number of poor. Nominal GDP is the fairest among these parameters as considering the Per Capita figures may lead to an erroneous conclusion. Modified date: April 22, 2020. Gradual improvements in the countrys economy have occurred since then. Table of Contents Copyright 2020-2021 - TheWealthRecord.com, eBay Net Worth 2020, Wiki, Revenue, Founders, Pepsi Net Worth 2020, Wiki, Revenue, Founders, Coca-Cola Net Worth 2020, Wiki, Revenue, Founders, Netflix Net Worth 2020, Wiki, Revenue, Founders, Target Net Worth 2020, Wiki, Revenue, Founders. It is considered to be a middle-income country. Many goods that are consumed within the country are imported, which contributes to their high costs. The country has a mixed economy and is the second largest after Nigeria. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. The Republic of South Africa, popularly known as South Africa, lies in the southernmost part of Africa. Read Richest Footballer in Ghana. The countrys economy relies greatly on hydrocarbons (petroleum and natural gas). The economy of Egypt depends on agriculture, tourism, natural gas, and petroleum imports, as well as revenues from the Suez Canal. This site uses Akismet to reduce spam. Aliko Dangote (Net Worth $10.6 Billion) Aliko Dangote is a 61-year-old Nigerian entrepreneur. There are many private sectors that make a huge development in this country and benefited it as well. The country has a population of over 40 million. After agriculture, tourism is the second-largest source of revenue and foreign exchange. Seychelles. Richest countries in Africa: Seychelles is also an island country found in the Indian Ocean. The population measures at around 1,222,245. It completely surrounds Lesotho. A large number of Egyptians also work abroad. Namibia $11,528. Overtaking South Africa in 2015, Nigeria became Africas largest economy. Source of Wealth: Cement, Sugar, Flour. Tourism, telecoms, IT and textile are high-growth industries. Nigeria is the most populous nation in Africa with 201 million people. In 1957, Ghana gained independence from the British. Forbes: Top 10 Richest People in Africa, 2019 1. According to the World Bank, Nigeria is an emerging market. 10 Although agriculture used to play an important role in the countrys economy, its important has shrunken. However, cost of living in Namibia remains relatively high. The Republic of Ghana is located in West Africa, north of the Gulf of Guinea and the Atlantic Ocean. 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