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In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). GDP is the total value of goods and services produced by a country in a given year and is widely used as a measure of a country's economic performance.
We'll be looking at the latest available data from the International Monetary Fund (IMF) and ranking these countries based on their GDP per capita, which is the GDP divided by the population of the country.
From the oil-rich nations of Nigeria and Angola to the diamond mining powerhouse of Botswana, we'll be taking a closer look at what makes these countries the richest in Africa.
So, if you're interested in learning more about the economic powerhouses of the African continent and what makes them so successful, then this video is for you. Join us as we count down the top 10 richest countries in Africa by GDP.
Top 10 Richest Countries in Africa 2023 By GDP.
Africa has some of the most sought afrer natural resources in the entire world.
We have put together a list of the TOP TEN WEALTHIEST COUNTRIES ON THE CONTINENT OF AFRICA.
Grab your jet pack and lets zoom around the continent to check out the top ten countries on our list!
10 TANZANIA (GDP: $62,224 Billion)
We begin our list of the ten richest African countries with Tanzania, which boasts a a GDP of $62,224 billion during the year of 2020.
Known as the home of some of the continent’s most famous national parks and of course Kilimanjaro, the country comprises a lower-middle mixed income economy.
The country’s economy is largely based on agriculture, contributing almost 25% to GDP, and employing half of the workforce. Industries are a growing component of the economy, which accounts for almost 30% of GDP and includes mining, manufacturing, construction, electricity, natural gas, and water supply. The main exports include gold, coffee, cashew nuts, and cotton.
Tanzania has achieved a relatively high economic growth in recent years, with a 5,6% growth rate, but this shows no signs of slowing down.
The medium-term outlook is positive, which is supported by large infrastructure spending.
Tanzania does have a percentage of people living in poverty. Despite the poverty rate decreasing in recent years, the absolute number of people living in poverty has remained the same.
9 GHANA (GDP: $67,077 Billion)
Ghana is a nation in West Africa, and has an economy which is both diverse and rich in resources.
With a GDP of $67 Billion US Dollars, it easily makes our list coming in at the number nine spot.
The country of Ghana has the distinction of being the first in sub-Saharan Africa to break free from colonial rule. Ghana also proudly boasts the distinction of being the first to achieve the target of halving extreme poverty in an African nation.
8 ETHIOPIA (GDP: $91,166 Billion)
Found in the horn of Africa, the landlocked country of Ethiopia split by the Great Rift Valley is the eighth wealthiest country on the continent of Africa.
With archaeological finds dating back over 3 million years, this ancient land is famous for being the place where the coffee bean was first discovered! I know I am thankful for Ethiopia each and every morning!
The nation is the highest coffee and honey producer in Africa, making up a large portion of the country’s foreign exchange. Other Ethiopian exports include legumes, oily seeds, and cut flowers.
The GDP of $91,166 billion comprises agriculture, construction, manufacturing, tourism, food processing, resources and energy.
Agriculture is the region’s most promising resource, making up over 40% of the GDP, 60% of exports, and more than 80% of total employment.
Ethiopia’s economic growth has averaged 9.9% year-on-year for 10 years since 2008.
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Top 10 Richest Men in South Africa 2022 This video is about : Top 10 Richest PEOPLE in South Africa 2022 And their Net worth .
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Top 10 Richest footballers in Africa 2023 This video is about : Top 10 Richest footballers in Africa 2023
Who are the richest footballers in Africa 2023? Here is a list of the top 10 best and wealthiest African players of all time
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The 10 Wealthiest Countries in Africa of 2023.
It is very clear that Africa is the most resource-abundant and fastest-growing continent in the world. Every country in Africa has something to boast about, as a factor of economic and socio-cultural development.
For this reason, some of its countries have grown rapidly with increasing numbers of high-net-worth individuals, businesses, and expertise in various domains, that have made them very wealthy today.
Africa’s total investible wealth currently stands at 2 point 4 trillion dollars, and its millionaire population is expected to rise by 42 percent over the next ten years, according to the latest 20 23 Africa Wealth Report, published by Henley and Partners in collaboration with The New World Wealth.
When we talk about wealth, some countries in Africa are richer than others, looking at their Gross Domestic Product.
GDP is an instrument used to measure all of a country’s output, as well as its wealth status. It is a vital indicator of a country’s ability to provide its citizens with comfortable and fascinating standards of living.
Most eastern and southernmost countries of Africa have experienced significant economic growth over the past few decades, driven by factors you won’t want to miss out on as you watch this video.
Which are the top 10 wealthiest countries in Africa? How wealthy are they, and how do they go about it?
Take your time, sit comfortably, and watch this video till the end. Let us begin from the tenth position.
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Top 50 Richest Countries in Africa....
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15 Richest Families In South Africa.
South Africa is a country known for its diverse culture, stunning landscapes, and vibrant cities, but it is also home to some of the richest families in the world. These families have established themselves as leaders in various industries and have built vast empires that spanned the globe.
From mining and finance to real estate and technology, these families have built vast empires, established themselves as leaders in their respective fields, and created a legacy that is both impressive and inspiring.
In today’s video, we'll be exploring the 15 richest families in South Africa, taking a closer look at their history, businesses, and influence. We'll also delve into their wealth, and what sets them apart from the rest. Let’s dive right in!
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The Richest Black People in The World:https://www.youtube.com/watch?v=7OCAep3cCJw
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Richest men in South Africa This video is about : 12 Richest men in South Africa
Africa is a continent blessed with great minds, successful entrepreneurs, and career people. The wealthiest people on the continent do not have a single income stream. Instead, they have interests in multiple sectors. Discover the richest men in South Africa and how they made their wealth.
12. Adrian Gore
Adrian Gore founded Discovery Holdings, one of South Africa's leading medical insurers. His company is listed on the Johannesburg Stock Exchange, and he is worth about $480 million. Besides South Africa, it has operations in America and the United Kingdom. He has an 8% stake in the business and is the chief executive officer.
11. Raymond Ackerman
Raymond Ackerman is a South African businessman, who purchased the Pick 'n Pay supermarket group from its founder. He purchased four stores from Jack Goldin in the 1960s. Raymond Ackerman was chairman until he stepped down in 2010 due to age. Raymond Ackerman’s Pick N Pay Group, a supermarket chain has at least 870 stores in South Africa, Zimbabwe and Australia. Due to age, he no longer holds executive responsibilities at the business, but his family owns 48% of the establishment. Raymond Ackerman is a respected retailer with a net worth of $500 million.
10. Lauritz Dippenaar
Lauritz Dippenaar is a South African millionaire, businessman, investor, and banker who was the Chairman of FirstRand Financial Group. He is also well known for his philanthropic activities and runs a scholarship programme through his scholarship fund. Lauritz Dippenaar has a net worth of $610 million. He co-founded Rand Consolidated Investing with GT Ferreira and Paul Harris.
9. Jannie Mouton
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Top 10 Richest countries in Africa - Nigeria, South Africa, Kenya, Tanzania, Algeria, Egypt, Morocco, Ghana, Ethiopia and Ivory Coast Make up the List of the Top 10 Richest countries in Africa in 2023 according to world bank.
Africa as a continent, is growing at a very fast rate even though some countries are still left behind in terms of development.
Though some African countries are endowed with Natural resources, some do not have or have very little and in such cases human resources is the major economic factor.
Welcome to the African Informant. In this channel we discuss and showcase matters Africa, feel welcome to join the African community by hitting the subscribe button and turning on the notification bell.
0:00 - Intro
1:27 - Tanzania
2:23 - Ivory Coast
2:58 - Ghana
3:32 - Kenya
4:20 - Ethiopia
5:10 - Morocco
5:54 - Algeria
6:30 - Egypt
7:13 - South Africa
7:50 - Nigeria
8:26 - Outro
In this video you'll see a list Richest People In Africa 2023
Source: Forbes' Real-Time Billionaires 4/20/2023
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This video is about : Top 14 Richest People in Africa 2023.
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