Africa is the Second Largest and populous continent, the continent has many richest and poorest countries, most of them are poorest in the world. The Continent has more than a billion people, many people depending on Agriculture and small scale industries. Africa remains the under developed and poorest continent, only a few Countries have Good GDP, Equatorial Guinea is the Richest Country on GDP per Capital.
South Africa, the country economically rich in Africa with more than $500 billion of Gross Domestic Value. African Countries have fair reserves of Cobalt, Platinum, Gold, Chromium, Tantalite, Manganese, Uranium and Diamond that makes its income fair.
Africa is definitely home to thriving economies and this extensive and detailed report released, buttresses the fact.
Africais one of the most stunning continents in the whole world. There’s so much to see and do, you’ll be spoilt for choice. This article will help you to discover the best African countries to visit.
There are 54 countries in Africa, so planning your vacation can be tricky if you don’t know where you want to go. Vibrant cities, small rural villages and breathtaking scenery
Scroll through to read about the top 15 wealthiest cities in Africa:
GDP: $594.257 Billion.
Foreign Exchange Reserve: $40.560 Billion
despite being Africa's largest economy, Nigeria doesn't fit well among the richest African Countries. Meanwhile, this is attributed to the Country's long years of corruption and bad government which makes it difficult for many Nigerians to Maintain and enjoy a favorable standard of living. In view of its enormous mineral potentials, Nigeria has been regarded as Africa's biggest oil producer. Therefore the country's economy is majorly dependent on the oil sector with little concentration and several other key sectors.
- South Africa:
GDP per capital: $341.216 Billion
Foreign exchange reserve; $50.501 Billion
South Africa, a country on the southernmost tip of the African continent, marked by several distinct ecosystems. Inland safari destination Kruger National Park is populated by big game. South Africa is the second richest country in Africa and one of the fastest developing nation in the world. it is endowed with lots of natural resources including gold, diamond, platinum to name a few. it is classified as a middle emerging market and unlike most other countries in Africa that depends on a single source for revenue, South Africa is diversified. The country's stock exchange rated the 18th Largest in the world. The Western Cape offers beaches, lush winelands around Stellenbosch and Paarl, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain. South Africa is one of the Wealthiest African country because of its Total Wealth:$48 billion with GDP of $341.216 billion. Foreign Exchange Reserve: $50.501 Billion. Major Sectors: Basic materials, manufacturing and financial services.
GDP per capital: $22.416 Billion
Foreign exchange reserve: $2 Billion
Zambia is a gorgeous country which has so much to see. If you’re a nature lover, there’s so excuse for missing out on this one. Zambia is home to Victoria Falls, the largest waterfall in the whole world. For thrill seekers, take a micro light over them for the view of a lifetime.
If you get there at the right time of the year, take a dip in the famous Devil’s Pool. Experience the beautiful views from your own personal pool. For something a little more thrilling, try white-water rafting down the Zambezi. But make sure you watch out for crocs!
Zambia is also home to incredible wildlife. Keep your eyes peeled for hippos, giraffe and hundreds of beautiful birds.
GDP: $275.748 Billion.
Foreign Exchange Reserve; $38.210 Billion
Over the years, Egypt has maintained its stance among the largest African economies in terms of GDP; it is Africa's third largest economy. The position it maintains just behind Nigeria and South Africa. Egypt is undoubtedly one of the most developed nations across the African continent. despite being one of Africa's most populous country, Egypt maintains its sustainable.
- Casablanca, Morocco:
Total Wealth: $114.7 Billion
Foreign Exchange Reserve; $22.97 Billion
Located in Northern Africa, Morocco has so much to offer. Bustling cities, quiet seaside villages and snowy mountains, Morocco has it all. It’s a melting pot of cultures. With elements of European, Arabic and Berber influences to find on every corner. Get a taste of delicious Moroccan cuisine and your taste buds will be in heaven. Tagine dishes are the food of the gods! Casablanca is a port city and commercial hub in western Morocco, fronting the Atlantic Ocean. The city's French colonial legacy is seen in its downtown Mauresque architecture, a blend of Moorish style and European art deco.
GDP per capital: $10.27 billion
Namibia is another country in Africa where you can spot the Big Five wild animals. The Etosha National Park is the best place to go if seeing them is the main goal of your African vacation.
For an authentic, raw experience, opt to stay in guesthouses. This gives you the chance to live like the locals as well as interact with them on a deeper level. Make sure to visit the Okahandja craft market for some of the best handmade items you’ll ever see. Here, people from all across Namibia come together to sell their wares. They make for great souvenirs so make sure to get your hands on something! You may recognize the Namib Desert sand dunes from the movie “Max Max: Fury Road.” They are some of the highest sand dunes in the world, so try climbing them or take a hot air balloon over them!
- Equatorial Guinea:
GDP per capital: $26.147 Billion
foreign exchange reserve: $2 Billion
one of the African countries with small land areas and meagre population estimates. it is been considered one of the richest African country because of its GDP (PPP) per capital is of $40.718.8 Billions, its population is estimated below 1 million inhabitants and as an East African territory, it borders upon Gabon and Cameroon. Despites the certainty that it experiences a high incidence of corruption.
GDP per capital: $9.991billion
The island nation of Madagascar is the fourth largest island in the world. The landscapes here are so rich and diverse; there are lots to see here. With deserts, beaches, and rain-forests in plenty, you will have plenty to do here. Fun fact: You can find 5% of all plant and animal species in the world only in Madagascar! To experience trees which are over 800 years old, take a trip to the Avenue of the Baobabs. You will feel humbled to walk amongst them and it’s a great place to reconnect with nature. The UNESCO World Heritage site of Ambohimanga is perfect for history buffs. It is a fortified Royal settlement which is easy to get to and well worth a visit.
GDP $51 Billion
Ethiopia is among the non-oil producing African countries with the fastest growing economies and has managed to sustain a high single digit annual growth rate since 2004 and is estimated to expand by 11.3 percent in the 2012/13 budget year.
Agriculture contributes to almost half of Ethiopia’s GDP and offers about 85% of all employment in the country. Ethiopia's GDP stood at $103.1 Billion as at 2012. The government has invested in ways to privatize and restructure her policies which are beginning to attract foreign investments in the country. However, its GDP has dropped a lot to $51 billion considering previous years.
GDP: $20.664 billion
with the declining state of oil production in Gabon, it is still one of the highest producers of oil in Sub-Saharan Africa. Over the last forty years, the country has been quite dependent on oil to sustain its economy. But more recently, it is trying to diversify and branch out into many other areas so as to have a diversified economy.
GDP: $23.053 Billion
Foreign exchange reserve $3 Billion
Uganda most certainly has come a long way from its economic turmoil. It is on record that the 2009/10 fiscal year of Uganda was declared with the poverty rate of 24.5% but this figure reduced to 22.2% in 2012/13 fiscal year. as at then , Gdp growth was estimated at 5.2 percent in the same period. This was mainly achieved through stringent fiscal discipline and proper management of the country's resources by the government.
GDP: $48.14 Billion
Foreign Exchange Rate: $2.89 Billion
The economy of Cameroon has come a long way from what it used to be, even though the people are still largely farmers, the country's natural resources are being put to very good use in improving the lives of the citizens. The Southern rain-forest has vast timber reserves, estimated to cover 37% of Cameroon's total land area.
GDP: $53.40 Billion
Foreign Exchange Reserve:$9.698 Billion
The Capital, Nairobi is a regional commercial hub. The economy of Kenya is the largest by GDP in South east and Central Africa. Agriculture is a major employer; the country traditionally exports tea and coffee and has more recently begun to export fresh flowers to Europe.
Kenya is a member of the East African Community compared to other African countries, Kenya enjoys relatively highly political and social stability.
GDP: $50 Billion
Foreign Exchange Reserve: $7.308 Billion
Ghana'sgrowing economy is largely achieved through years of sound management, positively competitive business environment, and sustained reductions in poverty levels. Ghana's economy is built on a diverse and rich resource base, not only relying on natural resource s(Gold, cocoa, timber, bauxite and more recently, crude oil) which it has in abundance but on.
GDP: $129.785 billion.
Angola is a Southern African nation whose varied terrain encompasses tropical Atlantic beaches, a labyrinthine system of rivers and Sub-Saharan desert that extends across the border into Namibia. The country's colonial history is reflected in its Portuguese-influenced cuisine and its landmarks including Fortaleza de São Miguel, a fortress built by the Portuguese in 1576 to defend the capital, Luanda.
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