Resources like diamonds, sugar, gold, uranium, silver, oil, and petroleum famously make Africa and investments in Africa very lucrative. Oil being an invaluable commodity, its production puts countries like Nigeria and Egypt at the top in terms of Gross Domestic Product (GDP). Despite the social and political issues the continent faces, there’s no doubt that it’s on track to see an abundance of opportunities to grow in the coming years. This marks the third time IT News Africa has compiled a list ranking Africa’s top 10 largest economies by GDP – in 2018, 2020, and now in 2021. In those three years, there have been certain changes to the top economies in Africa but the first place and the second and third places remain with three notable countries.
SOURCE: IT NEWS AFRICA
More Stories
Trends for African Students Seeking Education Abroad
Floods and Landslides Batter Madagascar
Anyone Interested in East Africa’s Dynamic Urbanisation Process should have this Book
Filling the Gap in Locally Grown Techpreneurs
South Africa has Signed an Agreement to Reintroduce Dozens of Cheetahs in India
Enhancing Trust and Security in Digital Africa
Energy Giant Eni Signed an $8 billion Gas Deal with Libya’s State-run National Oil Corporation
Expectations of the Pope’s Visit to Africa
The First Muslim to Helm South Africa’s Biggest Metropolis
The First Africa Vegan Restaurant Week
Lagos Rising: Meet the African Designers Who are Ushering in a New Guard of Fashion
My Life in Food: Idris Elba on African Cuisine and Cooking with his Mum