﻿Top 10 most developed countries in Africa. Africa has become more industrialized in recent
decades which accounts for most African countries development and economic growth.
Though the continent is thriving not all countries are developing at the same rate. Here are Africa’s
top 10 most developed countries. Welcome viewers to an exciting video previewed by ThinkRich Media.
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out on any of our new videos 10 | TANZANIA
Known as home to some of the continent’s famous national parks and of course Mount Kilimanjaro,
Tanzania has a lower-middle mixed income economy. The country’s economy is largely based on
agriculture and employing half of the workforce. Industries are a growing component of the economy
including mining, manufacturing, construction, electricity, natural gas, and water supply.
9 | GHANA The West African country
has an economy that is both diverse and rich in resources. Ghana’s abundant natural resources are
helping to feel an economic boom. The country was the first in sub-Saharan Africa to break free from
colonial rule as well as the first to achieve the target of halving extreme poverty. The nation has
attracted foreign investment due to its economic growth and overall positive business environment.
8 | ETHIOPIA Found in the horn of Africa, the
landlocked country of Ethiopia is famous for being the place where the coffee bean first originated.
The nation is the highest coffee and honey producer in Africa, making up a large portion
of the country’s foreign exchange. Agriculture is the nation’s most promising resource.
Ethiopia’s economic growth has averaged 9.9% and has begun to attract foreign investment. The
country’s poverty level fell to 31% by 2015 and it intends to be a middle-income economy by 2025.
7 | ANGOLA Angola is a country with
one of the biggest reserves of raw materials in Africa. Angola’s economy is built on oil,
with large reserves of natural gas and oil. The production and export of crude oil contributes
significantly to foreign exchange. Most of nation’s revenue in the export sector comes
from the sale of crude oil. Agriculture is also an important sector for the economy going forward.
6 | KENYA Kenya, well known for its vast landscapes
and wildlife is a nation with stable living conditions, an established coffee and tea sector.
Its rapidly growing agricultural sector is the wealthiest in southeast and central Africa.
Kenya’s economy is not built around the oil sector like so many other African countries
but still experiences diverse positive growth. It is one of the fastest growing economies in
Sub-Saharan Africa, as a result of positive investor confidence, a stable political climate
and service sector, a good macroeconomic environment, and a clear business agenda.
5 | MOROCCO Morocco, a country found in the North
of Africa has a versatile and stable economy, experiencing growth in a number of industries
over the last decade. It is the second-richest non-oil-producing African country. The country’s
economy is driven by mining and manufacturing. Morocco relies heavily on its agriculture and
is the third largest producer of phosphorus in the world. The country has benefited greatly from its
diversified exports, not limited to electrical equipment, vehicles, and vehicle parts.
4 | ALGERIA The largest country
on the African continent, Algeria can boast of a significant economy and available infrastructure.
The county achieved a 20% reduction in poverty in the last 2 decades. The country has abundant
crude oil reserves and recent discovery of more crude oil reserves have boosted this rapidly
growing industrial country. Algeria is also one of the largest suppliers of Ammonia in Africa.
3 | EGYPT This ancient country loss the crown of
richest African country when the economy suffered severely and foreign exchange reserves tumbled
following the 2011 revolution during the Arab uprising. The economy has improved and stabilized
over the last decade. The country has seen a reduction in unemployment levels, an improvement
in foreign exchange reserves, higher export of goods and services, and a bolstered tourism
sector all contributing to its development. Egypt has diversified its economy away from just raw
material exports in recent years and over half of the GDP now comes from service based employment.
2 | SOUTH AFRICA South Africa has a highly developed economy,
advanced infrastructure and is considered one of the fastest-developing countries in the world.
Also called the rainbow city, South Africa is one of the countries in Africa with multiple sources
of revenue which include mining, manufacturing, financial services, and tourism. It has abundant
natural resources and raw materials and exports the likes of gold, diamonds, platinum, coal,
and iron ore. It is one of the world’s largest exporters of these commodities, particularly gold
and platinum. The country is known worldwide world as a major tourist destination.
1 | NIGERIA Nigeria, with a
population of over 200 million citizens, makes up an essential part of the African economy.
Nigeria holds the position of the richest country in Africa. The country’s economy is mainly driven
by finance, transport, infrastructure, tourism, and an abundance of crude oil.
Nigeria has an abundance of raw materials and natural resources, contributing to its wealth.
These resources include coal, limestone, zinc, lead, tin, natural gas, niobium,
and iron ore. Nigeria has sufficient fertile land for agriculture, producing cocoa and rubber.
Nigeria is the largest consumer retailer in Africa due to its large population.
These countries were selected based on their GDPs which is what helps to distinguish developing
countries from developed ones. If you feel any country was left out let us know in the comment
section. Thanks for watching and feel free to leave a comment if you feel any city has
been left out. I hope you enjoyed the video and if you did please don’t forget to give
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