LATEST
Top 10 Richest countries in Africa 2022
Published
6 years agoon
By
DelvinThis is a List Containing The Richest Countries in Africa 2022.
Agriculture, human resources and industry are the major pillars of the African economy. The continent boasts a wide range of natural resources. Nevertheless, the people of this region have continued to be exploited for decades and poverty has been a major calamity. The African economy is expected to reach a GDP of $ 29 trillion by 2050.
However, the disparity in income distribution is likely to deter the wealth distribution among the people of this region. As we speak, some African countries are among the poorest while others have the fastest growing economies in the world. The following is a description of the ten richest nations in Africa and the nature of their economies. All the figures are traceable from the 2017 International Monetary Fund data.
In this list, we will give you a quick glance of the Richest Countries in Africa.
10. Namibia ($11,528)
Namibia sits in Southern Africa. The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. The country is sparsely populated with a total population of roughly two million.
The cost of living is comparatively high. A significant quantity of goods consumed here is imported, hence highly priced. The country has a GDP of about $11,528.
9. Tunisia ($11,987)
Tunisia is located in North Africa. Much of the economy here depends on industries like oil, tourism, and automobile parts. The ’70s saw a period of unstructured expansion of Tunisia’s economy. Today, the per capita income of the nation is approximately $11,987.
8. Egypt ($12,994)
Cairo is the hub of Egypt’s economy. The Suez Canal’s proceeds, gas, tourism and agriculture are fundamental pillars of this economy. In spite of the plentiful natural resources and proximity to the sea, huge population, desertification and diminishing water levels of the Nile are the foremost factors intimidating the economy of this nation.
The penetrations of terrorist groups along with internal rebellions also damage the stability of the economy. The current per capita income is $12,994.
7. South Africa ($13,403)
South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. The economy here is mixed and has a relatively high GDP compared to other African countries. Conversely, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. However, South Africa is enlisted among the top 10 countries in the world for income inequality.
The economic disparity among South Africa’s population is primarily due to the apartheid regime in the country which ended in 1994. Gradual improvements in the country’s economy have occurred since then. Tourism is one of the biggest revenue generating industries here.
6. Algeria ($15,000)
Located in the Northern part of the continent is a country that goes by the name Algeria. The country has a population of over 40 million. The World Bank considers Algeria to be an upper middle country.
Conventionally, the state has played a pragmatic role in the economy of Algeria. However, in recent years, the economy has diversified. To date, unemployment rates remain high, especially among youth. The country’s economy relies greatly on gas and petroleum. A per capita of $15,000 means the nation is doing relatively well economically.
5. Botswana ($18,146)
Botswana sits in southern Africa. It is well known for its repute as a stable democracy. It has a population of around 2.1 million. The economy of Botswana grew very rapidly. It is well thought-out to be a middle-income country.
Metals and gemstones are vital to the economy of Botswana. They include resources such as uranium, gold, diamonds, copper, and, to a lesser extent, gold. A per capita of $18,146 places it fifth in the list.
4. Gabon ($19,266)
A Central African country, Gabon sits on the West African coast. The economy of Gabon revolves around oil. Nonetheless, over recent decades, oil production in Gabon has been declining.
Overspending on the part of the government has been cited as a major challenge. A low population of 1,475,000 and a high amount of oil revenue reveals the current position of the nation’s economy and a per capita of $ 19,266.
3. Mauritius ($21,628)
Mauritius is an island nation sitting on the Indian Ocean. All through its history, the country has been at times a Dutch colony, a French colony, and a British colony. It has enjoyed independence since 1968 with a population of roughly 1.3 million.
It is the third affluent country in Africa with a GDP per capita of $21,628. Mauritius’s economy deeply centers on tourism. The warm ocean water, beautiful beaches and pleasant climate are a crucial tourist attraction in Mauritius.
2. Seychelles ($28,172)
Seychelles is also an island located in the Indian Ocean. With a population of only 92,000, it has the tiniest population of any country in Africa. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172.
Seychelles is renowned as a highly developed country. However, income inequality is also rampant. The country’s economy is chiefly based on tourism, by a vast margin.
1. Equatorial Guinea ($34,865)
Equatorial Guinea is located in Central Africa. It has a somewhat small geographical region. Partly, the low population of the nation helps the GDP to remain relatively high. It comes in first place with a GDP per capita of $34,865.
Although this figure may appear to be high, on the UN’s Human Development Index, Equatorial Guinea ranks 136th. This is generally due to the incredible income inequality in the country. It is safe to say Equatorial Guinea tops the list in the Richest Countries in Africa 2022.
Top 10 Richest Countries in Africa 2022
1. Equatorial Guinea ($34,865)
2. Seychelles ($28,172)
3. Mauritius ($21,628)
4. Gabon ($19,266)
5. Botswana ($18,146)
6. Algeria ($15,000)
7. South Africa ($13,403)
8. Egypt ($12,994)
9. Tunisia ($11,987)
10. Namibia ($11,528)
LATEST
Powder Spring’s Very Own Geek Boy Troy Set to Release a Statement Jam “Keep Shining” on the 16th of April
Published
3 years agoon
2:02 amBy
DelvinGeek Boy Troy is your favorite boy from Powder Springs who dares to step out of the rap scene with his fresh hits that smell like a daisy- taking his listeners on a high premium sound that has all the qualities of a legend in the making! Dripped in an evocative and raw display of emotion, his tracks decorated with that tuneful hip-hop wave and dripping with lyrical authenticity and rap mastery always take a listener from the realm of one planet to the realm of another in majestic fashion. His unpredictability also affords him the pleasure of exploring and keeping his audience guessing about the style of flow his next tracks will adopt and this is a unique thing which means that he feeds off of the anticipation and intrigue from his fans to deliver world-class tunes that meet the high standards his audience has placed him with!
He just celebrated his birthday and crossed over to the 25 mark and to mark this special day, he is set to release a groovy vibe for all the Aries babies titled “Keep Shining” which will be officially dropped on the 16th of April 2022. Everything about this track pops and dazzles from the intro all the way to the outro with the cinematic silk of the percussive intro being waited at the by line and met with grandiose stun as Geek Boy Troy takes the moment all by himself and delivers a show-stopping rap performance that feels like it marks the arrival of a major rap talent!
Giving ode to the southern type of blend and mix that echoes through the strong and intense hip-hop instrumentation of heavy bass and laid-back yet intense rhythmic melodicism, Geek Boy Troy establishes himself as a quintessential Powder Springs MC with his witty bars that overflow with confidence and maturity. Like some Koby Bryant on the basketball court, Troy gives off an MVP performance which is simply a sensation for an artist his age.
There is melodious intrigue and allure in the percussion which can never be written off your memory and exactly what qualifies this track as the masterpiece art it is. With releases like “Keep Shining” making way to what promises to be a musical year; brace yourself for some Geek Boy Troy wondrousness!
Catch Up With Geek Boy Troy on:
LATEST
DV Beat’s Latin and Reggae Infused Dancehall Glamorous Track “The 1” Featuring ABeck Is Out Now!
Published
3 years agoon
12:36 amBy
Delvin
DV Beats is the creative genius producer behind enthralling tracks such as “Alza la Mano”, “Baile House”, “Beat That”, “Tambora – Original Mix” among other splendid tracks. He is not limited to any one type of genre and splits the lines of dancehall, reggaeton, Latin among other Caribbean influences. He currently resides in Florida but was born to a Puerto Rican father and Panamanian mother and he grew up listening to an extensive variety within the Caribbean/Latino realm of music, from salsa to reggae to dancehall to merengue and reggaeton. These sounds still influence his type of productions and even in his latest track “The 1” his first-ever collaboration as DV Beats which he featured ABeck is dancehall-inspired and an exceptionally produced track that will take listeners back to the dance floor in joyous fashion.
“The 1” is a funky mix of dancehall, reggaeton, Latin, and dance and the perfect fit for dancehall radio. The melody of this track sets the tone for this tune born in the Caribbean; it’s easy to see how the melodies of the island have inspired the reggaeton, dembow feel of the piece. This dancehall track is fun, bright, melodic, and uplifting with a great Latino and dance rhythm featuring the pulsating and infectious sounds of the snares, the sensational percussive elements, the sub-bass, the resounding 808’s, the hit samples, shakers, the guitar loops, kicks and snares, the sweeps and the extra rhythmic edge color and depth added by the tambourine loop and the intriguing sweeps.
Accompanying these extravagant melodies is his vocal drops that have been heightened with the reverb effect and the cleverly integrated delay. This is a proper cultural sound and DV Beats and ABeck really did some magic on it. The catchy lyrics veering on some melancholic gear gets consumed by the bright and bubbly rhythmicity.
“The 1” is now available on all major streaming platforms – follow the attached link to stream it, like, save as a favorite and share with your inner circle who get thrilled by dancehall tunes like these!
Catch Up With DV Beats on:
LATEST
Unbreakable and Unfazed; Recording Artist Aaron Night Seeks to Inspire Through His Groundbreaking Release “Through It All”
Published
3 years agoon
1:45 amBy
Delvin
Ever since he was young, Aaron Night knew that his passion lay in music and performed to anyone in his family who cared to listen including his not so impressed younger brothers but his mom always noticed and decided to nurture his talent by supporting and guiding him, including playing the guitar beside him during those family gatherings as Aaron sang his heart and soul out with voracious passion and showcased genuine love for music which seemed to flow through him like some electric current. Fast forward to the now recording artist going professionally by the name “Aaron Night” who decided to get into music full time by first taking time to learn from the best and gain some experience.
Aaron Night finds himself shattering the noise with his most recent string of releases. Debuting in 2021, “Flares”, penned by famed songwriter Ryan Tedder, quickly climbed Music Week’s UK Pop Charts Top #10 in no time while simultaneously hitting #11 in Germany’s Dance Charts. Topping out big names like Zara Larsson and Jason Derulo, Aaron has begun carving out his mark in the international market.
From this release “Through it all” you’ll get to experience an artist with limitless potential and you wouldn’t be able to differentiate this track from what you have been listening to on the radio. It is equally as magnificent and absorbing if not more! This song was inspired by a genuine narrative about his own experiences throughout the pandemic and how he eventually overcome his anxieties and energy-sucking monsters! This is a story of conquering our darkest fears and never looking back!
“Through it All” has a colorful melody with elegantly textured instruments starting with the acoustic guitar riffs that engage in a call and response motif with his mellifluous male vocals touching on every chord of the human heart. The gist of this track is found where the exuberant and rock-like percussion culminates a jamboree feel but also delivering a gloriously anthemic chorus that is catchy, melodious, and easily memorable.
Many of the modern arrangement and production techniques associated with the alternative pop and rock genre are here and are handled exceptionally well, from the energy building rises to the well-layered guitars bass sounds and the melodiously filtered rhythm to the heartwarming vocals that drive the track qualifying it as a radio-ready and radio-friendly tune that will undoubtedly appeal to the modern audiences.
He has started on a high note and things can only get better from here – “Through it all” is that track we did not know we needed and yet we do especially during these times where all sorts of atrocities are ganging up to try and weigh us down. Without further ado, let’s put our hands together for Aaron Night!
Catch Up With Aaron Night on:
Trending
- MUSIC3 months ago
Celebrated award-winning artist and disability rights advocate Lachi’s “Out Of The Dark” featuring Medusa, is such a powerful message backed by an equally powerful performance.
- MUSIC3 months ago
Representing Austin, Texas, Multitalented Artist and Rapper CJ Maxwell Returns With a Mainstream-Level Single “Where This Goes” Featuring Jenks.
- MUSIC3 months ago
Tzucasa Unveils “Miracle That You’re Here,” a Subtly Funky Rock Jam with a Memorable Soothing Appeal
- MUSIC3 months ago
London Rapper Bowza Set to Return with a Hopeful, Laid-Back, and Personal-Fueled Masterpiece, “A Better Place” Featuring Monz
- MUSIC3 months ago
Multitalented R&B songstress Alecia Hightower is set to release her new “STEPPING STONES” EP.
- MUSIC3 months ago
Indiana Rapper and Artist Samuel McDaniel’s Flow and Delivery in the Single “Dogma” Is as Epic and Attention-Grabbing as the Film That Inspired It!
- MUSIC2 months ago
Asheboro, NC Critically Acclaimed Artist Ty Bru Is Back With a Powerful Anthem Dubbed “Hand That Feed You” Featuring Tenacious and Ghostface Killah
- MUSIC2 months ago
Mansoor Returns With Something Original and Beautiful Dubbed “Let’s Rise,” a Masterclass in Country-Folk Innovation.
Pingback: Top 10 Poorest Countries in Africa 2019 | BITE?
Pingback: Who is the richest man in Africa? | Africa's Richest
Pingback: How Big is Africa? Is Africa Big Compared to other Countries | African Hype
Pingback: Harmonize Kushoto Kulia Lyrics and Download | African Hype
Pingback: Top 10 Richest Presidents in Africa 2019 | African Hype
Pingback: Beautiful African Women Photos | Where to Find them? | African hype