Many people in the West have resources and opportunities available to them. However,
immigration rules have become more stringent in recent years, making it more and difficult
for business owners to make money. Today we doing a little paradigm shifting here. Africa
is the best place to do business. You can ask the Chinese, The African countries on
todays list are rich in opportunities for anyone looking to make some real cash. Todayon
ohAFRO we looking at 10 Countries Where you can make some real money.
SEYCHELES Those looking to make money as business owners
would find the Seychelles economy to be very attractive. The country has a human development
index of 0.801 and an average life expectancy of 73.7 years. Tourism has had a significant
impact on the country's economic growth, Tourism companies have only scratched the surface
of all the money you can make doing business in Seychels and the country's GDP has increased
by more than six times in less than five decades. It is one of the continent's most developed
countries, providing free education and health care to its citizens. Being an island country
the major natural resource of Seychelles is fish. There are over a 1000 different species
of fish ready to be sold on around the world. This is fisherman s dream come true If you
looking for new opportunities and haven't yet had the chance to travel abroad, you should
add Seychelles to your bucket list.
ALGERIA Algeria stands out not only as Africa's largest
country, but also as an oil-rich country in the north, with a human development index
of 0.759. This country has the world's tenth largest oil reserve, and its current unemployment
rate is 11.53 percent, down from a high of 20 percent in the previous two decades. In
addition, the country has the longest life expectancy of any of any African country..
Algeria has abundant natural resources including oil, gas, solar energy, iron, zinc, lead,
silicon, and helium. The country is classified as an upper middle-income country, mainly
due to its gigantic oil and gas resources. As a result of these factors, it is an excellent
choice for expats. This pretty much makes it the ideal environment for investors looking
forward to making some real cash.
LYBIA Lybia is a typical example of the saying,
at the end of every tunnel there is a light. Libya has a poor record when it comes to stability;
but this doesn t make it an area 51. A lot of businessmen and investors from other countries
are trooping to Libya to do business. Why you ask? Well, every business sector in Libya
is in urgent need of reconstruction and remodeling and consequently Libyas opportunities have
shot through the roof. Various international stores, supermarkets and food chains are already
thriving in Libya. Already, investors from the UK, France and Italy have majority holding
in many Libyan companies. Libya in the next 10 years will be offering investment opportunities
worth over 200billion dollars, so you might start planning on how to get some of that
money
GABON Gabon is a country that is well endowed with
natural resources. Not just any common natural resource. We talking about diamonds, gold,
and uranium manganese,.and a whole lot more.Minerals are so important to the country, Such that
its entire economy revolves around the mining industry.
Gabon has a population of over two million people. Despite being one of the least well-known
countries in western Africa, it has one of the world's highest urbanization rates. It
is also considered an upper-middle-income country because it is Africa's fifth-largest
oil producer. Due to the countries consistent production of oil and manganese, it has risen
and achieved strong economic stability over the last decade. Oil production accounts for
80% of the country's exports, 60% of its fiscal revenue, and 45 percent of GDP.
BOTSWANA Botswana is one of the world's largest diamond
producers, so it is safe to say that the mining industry has provided a lucrative opportunity
for businesses . The country has attracted mining companies as well as expats from around
the world. Healthcare is a worry for most expats willing to travel the continent but
you can somewhat trust Botswana s health system as being dependable, That is not to say you
shouldn t seek healthcare elsewhere when the need arises.
GHANA Ghana has seen significant growth in its transportation,
mining, telecommunications, and hydrocarbon industries over the last two decades. Most
expats see Ghana as a puzzle that requires time and patience to solve in order to make
good money, and we couldn't agree more. Aside from the hidden opportunities in Ghana, the
country is widely regarded as one of, if not the, safest country in Africa. Corruption
and instability indexes are relatively low. But the unreliability of water and electricity
should be kept in mind before relocating to the Ghana. Businesses that do not have access
to electricity should be fine. unless you intend to invest in a standby power supply.
KENYA Kenya is yet another attractive destination
for expats who think of making money in Africa, thanks to its cutting-edge information technology
infrastructure and attractive cosmopolitan districts. Kenya is a haven for coders, programmers
and architects. Nairobi, the country's capital, is regarded as a hub for organizations such
as the Rockefeller Foundation and General Electric. In addition to good infrastructure,
the country has stylish but affordable housing options. To add to that, the country's culture
is welcoming, and there are numerous opportunities available.
NIGERIA According to a survey conducted by Expat Insider,
expats in Nigeria are among the highest earners in the world, with some earning more than
$1 million per year. More than 12% of those who took part in the survey revealed that
they had earned more than $250,000 in A year. It is without doubt, Nigeria is one of the
highest-paying countries on the continent of Africa.. Nigerian expats are subjected
to a number of risks, including those posed by Boko Haram and kidnappers. Another factor
that may have an impact on this figure is the long working hours that are required as
well as the high cost of living in the country's two largest cities, Abuja and Lagos.
TANZANIA Tanzania has a sizable expat community, despite
the fact that more than a third of its population lives below the poverty line. Because the
country is the most populous in East Africa. Dar es Salaam, the capital city, is the primary
draw for expats due to its economic and social hub status. Tanzania offers several investment
opportunities in sectors ranging from tourism to mining and natural resources. For example,
the mining sector has attracted investors from South Africa, Canada, and Australia,
and the country is also becoming a gold producer. Oil and gas companies are also establishing
themselves and demonstrating tremendous potential for professionals. If you are an expat looking
for work in Tanzania, you may want to consider working for an NGO or international companies
SOUTH AFRICA What is best and the most ideal African country
to do business? Well it is South Africa. South Africa is one of the African countries that
have gladly embraced industrialization. It also takes pride in being home to the continent's
richest city; Cape Town, which offers the luxuries of urbanization, especially because
of its location. It lies between the iconic Table mountain and the ocean. South Africa
also takes pride in its rapidly-developing technology industry, as seen in Johannesburg,
which has set the record of being the economic capital of the continent since it is home
to most of the international mining companies. The rapid growth of Small and Medium Enterprises
is also a promising factor that an investor or expat would want to consider when relocating
to South Africa.
Do you agree with our list? Which other African country do you think is ideal for work travel
or business? leave us a comment down there, as usual I'm your host Murphy and I'll catch
you in the next video. PEACE!