Thursday, 12 December 2013

Top 10 Richest Nations In Africa By GDP and Growth Potential


So which are the top 10 richest countries in Africa? According to recent IMF research, there are quite a few entrants to this list. We're talking about countries like Kenya, Ghana and Ethiopia. Stick around to find out more about the top 10 richest African countries. 

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South Africa ($555 Billion)
The Country boasts massive mineral and agricultural wealth. Political stability has played a big role in keeping it on top of this list. 922TUMA8SPDP



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top 10 in africa






Egypt ($518 Billion) 
 Despite the recent political turmoil, the country holds strong as one of the top 10 richest nations in Africa. Better performance could be achieved if the country matures democratically.





                                                        
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Nigeria ($413 Billion)
The oil rich nation has mineral wealth to thank for its massive wealth. However, local conflicts pose a big threat to its future.





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 Algeria ($236 Billion)

Algeria has rich mineral and natural resources namely: petroleum, zinc, uranium and natural gas.




  

Morocco ($163 Billion)

 Morocco is rich in phosphates and boasts huge tracts of agriculturally productive land. Tourism is yet another of its major income earners that make Morocco one of the top 10 richest nations in Africa.


Angola ($116 Billion)

Most of Angola's wealth is from oil, gas and diamonds. With better governance and political stability the country can perform even better.


Tunisia ($101 Billion)

Talk of oil, natural gas, zinc, salt and agriculture. Tunisia has it all. Better economic performance is possible with more stability in governance and exploitation of tourism resources.



Ethiopia ($95 Billion)

The most promising resource in Ethiopia is agriculture.Insecurity, corruption and frequent wars in the south are the biggest threats facing this economy.


Kenya ($90 Billion)

 A fast rising East African country that recently discovered oil. Tourism and agriculture are the two biggest resources that power this economy.



Ghana ($75 Billion)

Endowed with abundant natural and mineral resources, Ghana sums up our list of the top 10 richest countries in Africa.



That is it for today. Hope you've enjoyed discovering the top 10 richest countries in Africa. Stick around for more, fresh content coming up. If you'd like to suggest some nice topics for us to write about, kindly mention that in your comment below. 














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