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Browsing: Largest economies in Africa
Africa has unlimited opportunities as it’s rich in natural resources such as arable land, water, oil, natural gas, minerals, forests and wildlife.
The continent is home to some of the fastest-growing economies in the world.
According to the World Economic Forum, Africa has a fast-growing youth population with urbanisation expected to drive over 50% of Africans to cities by 2050.
The youthful population constitutes a formidable market.
List of best African countries to invest in according to Africa Business Insider.
- Nigeria
The West African country is the most populous country in the continent with over 216 million people.
In 2021, Nigeria’s Gross Domestic Product (GDP) stood at $514 billion (Sh and was ranked as the largest economy according to Statista.
Nigeria’s National Bureau of Statistics stated that the country’s GDP expanded by 4.03% in quarter three of 2021.
Nigeria has rich natural resources with its agriculture, natural gas, and crude …