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what is the richest country in africa top 20

 

In first place in the list of richest countries in Africa, we have Nigeria (aka The Giant of Africa). South Africa has one of the best economies in Africa and is a leader in many sectors. Namibia can be found in Southern Africa. Seychelles is the richest country in Africa 2021, with a GDP of 31.80 thousand per capita. When he was 21, Dangote borrowed $3,000 from his uncle to start his business of importing and selling agricultural goods in Nigeria. For the ninth year in a row, Aliko Dangote of Nigeria is the richest person in Africa, worth an estimated $10.1 billion. Richest Men in Africa and Net Worth. Some African countries are richest and are on the rise economically. Top 20 Poorest Country and Countries In Africa 2021. It is actually made up of around 115 small islands. © 2019-2021 Eafeed Media, LLC. Or maybe, that’s exactly why they can stay rich. Below is the comprehensive list of the top 20 richest billionaires in Africa and their net worth according to Forbes 2021. Niger Republic; Niger Republic is a West African country that is rich in uranium, coal, cement, and gold. Tanzania is one of the richest countries in Africa. Rest of the population comprises of Whites and Europeans, Indians, and multi-racial. Egypt with a GDP of $249.471 billion. The country has a mixed economy and is the second largest after Nigeria. These above are the Top 10 Richest African Countries 2017. 1. In this list, we will give you a quick glance of the Richest Countries in Africa. The top richest countries list have some really interesting contenders on them, which just goes to show that you don’t have to be a big and mighty country to rake in the moolah. This is a list of List of Richest Countries In Africa as of 2020.Mauritius, Seychelles, and Equatorial Guinea are the richest countries in Africa according to the latest research. South Africa boasts of developed tourism, … This country has is the site of one of the largest underground mines in the world. Some people believe Africa constitutes the poorest continents but to contradict this notion, we have come up with the list Top 20 Richest Countries in Africa 2018 (By GDP Per Capita). Namibia - $11,528 Aerial View of Namibia's Capital Windhoek. Seychelles – Richest Country In Africa As part of the good economy experienced by the citizens, the rate of unemployment is at its lowest and barest minimum. With GDPs going up as high as $38,700. The GDP (PPP) of the dependent or integral territories of the United Kingdom, France, Italy, Spain, Portugal, Yemen and Malta within the African continent are not included in this list. It is known for being a number one copper producer and supplier – it produces 77% of African copper. ALIKO DANGOTE – NW: $21.6 BILLION; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Iceland- GDP: $48,070 South Africa has one of the best economies in Africa and is a leader in many sectors. Top 5 richest Arab countries in the world (Updated 2019) 2. It has a higher GDP per capita, as compared to other countries of Africa, which stands at around $11,800. Alhaji Aliko Dangote is a Nigerian businessman and Africa’s richest man with a net worth of $10.1 billion. Top 10 Richest Countries in Africa 2020 Forbes. With a per capita GDP of $11,528, it is the tenth richest country in Africa. The country exports certain textile and clothing products as well. From 2020 to 2024, a lot is going to be happening, political, social, economically, etc. With a very vibrant economy making over $100 billion in gross domestic value, Tunisia is the 13 th on this list of richest countries in Africa. Richest Men in Africa and Net Worth. A country’s GDP is determined by several factors that range from export and import changes, manufacturing and mining, administration, disposable personal income, family living wage and employment rate among others. Richest countries in Africa: Seychelles is also an island country found in the Indian Ocean. Seychelles is an archipelago in the Indian Ocean with an estimated population of 99,944 denizens. The following are the 20 richest countries in the world in terms of 2011 per capita income: 20 Qatar. However, that has become history as his current net worth stands at $5.9 bn. However, that has become history as his current net worth stands at $5.9 bn. Find out the top 20 richest men in South Africa this year. 2. South Africa becomes second giant country in Africa economically. Nigeria is the richest and biggest country in Africa. In 2019, the country experienced a high jump to a GDP value of 86,362 USD. Countries such as Nigeria, South Africa, Egypt, Algeria, Morocco and Angola are putting Africa as a continent on the map. For proof, these are the 10 richest countries in Africa listed by World Atlas, which in turn, is using data on GDP per capita from the International Monetary Fund for 2017: 10. Sadly, this does not reflect the state of Africa’s economy. Namibia – $11,528. 1. Here are 20 of the richest countries in the world as calculated by GDP per capita. If you wanted to know what the richest African country in copper is, it is, beyond dispute, Zambia. Find out the top 20 richest men in South Africa this year. The rich oil and gas producing country runs on a diversified economy with some key exports being depended on such as phosphates, agri food products, chemicals, textiles among others. Its 160-million people have helped the country propel itself to be the largest consumer retailer in Africa, along with its petroleum exports. The country has a GDP per capita of $13,403 but it’s also among the top 10 countries in the world for income inequality. In economic analysis, it is important to clarify […] Top 10 Richest Countries In Africa 8) Tunisia – $9,900 (GDP per capita) The Tunisian economy is dominated by mining, manufacturing and tourism, which portrays the diverse economic market within the country. Equatorial Guinea tops the list of African nations in terms of GDP per capita. 20 Richest Countries in Africa and the GDP. Top 20 Richest People in Africa 20. The list is exclusively determined by the countries’ GDP. The country has been blessed with a variety of minerals and up-to-date know-how on how to exploit them. Nigeria comes first among the richest countries in Africa with the most recent GDP figure standing at $504.57 billion. Image credit: Nate Hovee/Shutterstock.com. RICHEST PEOPLE IN AFRICA. The country is sparsely populated with a total population of roughly two million. Here’s the top 10 Richest Countries in Africa as of 2015 ranked by GDP per capita: 10) Algeria – $7,500 (GDP per capita) Algeria is the second largest oil producer in Africa, and this accounts for the majority of the country’s economy generating 70% of total budget receipts. The country has a GDP of about $11,528. For proof, these are the 10 richest countries in Africa listed by World Atlas, which in turn, is using data on GDP per capita from the International Monetary Fund for 2017: 10. According to confirmations, Africa is the last in the list of the richest or wealthiest continents in the world. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. In developed countries like Sweden and Denmark, the GINI index hovers in the low 20s. There are large deposits of iron ore in Mauritania, and the country often exports them abroad. Nigeria is the richest and biggest country in Africa. Zambia – rich in copper, emerald, and cobalt. The country earlier had the policy of Apartheid which was repealed in the 1990’s. Tunisia has a GDP (PPP) per capita income of $11,467.1, which makes Tunisia the second richest country in North Africa and eight most affluent in Africa. GDP – $43.02 billion, GDP (PPP) Per Capita: $11,400, Population: 11,431,780Tunisia has one of the best run economies in the continent. The following are the 20 richest countries in the world in terms of 2011 per capita income: 20 Qatar. Here are South Africa’s 20 Richest Men. In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP). The Republic of Namibia came into existence in 1990. RICHEST PEOPLE IN AFRICA. The Nigerian market is seen as one of Africa’s largest markets, but this is more of a consumer market that buys more than it sells. Apart from oil export tourism has played a major role is skyrocketing the economy of the country and do not f… Egypt and South Africa rank 29th and 31st in the world. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. Top 20 richest countries in Africa 2018 There you have it on List of The Richest Men In Africa 2020 Net Worth, African Billionaires, and Country Of Origin. Africa is on the move, and African billionaires are growing wealthier and increasing in number. The country is one of the countries that were first to see civilization in Africa. While it may be the richest country on the African continent, South Africa's GINI index - measuring wealth inequality - is at over 63, on a scale where perfect equality is zero. In terms of infrastructure such as transport and communication systems, the country is several miles ahead of any other country in Africa, since decades ago. African countries have huge natural reserves of Cobalt, Platinum, Gold, Chromium, Tantalite, Manganese, Uranium and Diamond. South Africa is used to ranking high in economic studies with strong performance across most metrics, although growth has slowed in recent years. His primary businesses include cement, sugar and flour. The richest African, for the eighth year in a row, is Nigerian cement and commodities tycoon Aliko Dangote, with a net worth of $10.7 billion. Despite wealth disparities in several African countries, there is a lot of wealth to be found. Finally, below are the top 20 richest African countries in terms of GDP per capita. 10. KLM Ghana contact number and offices Nigeria, the leading among richest countries Africa mostly depends on oil as her major economic recourse. Many poorest countries found in the continent of Africa. 2. The Nigerian economy is defined as a mixed economy emerging market, and according to World Bank, it has reached the status of lower middle income. Top 10 Richest Countries In Minerals In Africa 2020. According to statistics provided by the IMF, the Top 10 richest countries in Africa are- … In fact, the country is the leading in Africa in production of palm oil. With GDPs going up as high as $38,700. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. Top 20 Richest People in Africa 20. With a population of 195.8 people , a GDP of $376.28 billion and GDP per capita of $1,994 , this west African country closes our list. Top 20 richest countries in Africa: what is Nigeria's ranking? All Rights Reserved. The year’s biggest gainer is Nassef Sawiris, worth $8 billion—up from $6.3 billion last year. You won’t believe it that the country has just 1% unemployment rate hence taking its place among the richest states in Africa. Aliko Dangote. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. The richest man in Africa is Aliko Dangote, who has a net worth of $14.1 billion. Top 20 richest countries in Africa by 2024 Top 20 most powerful economies in Africa by 2024 Hey everybody, today I am going to be talking about the top twenty richest African economies in 2024. This is because of various factors like political instability, violence, insecurity, terrorism, as well as high levels of corruption. Now that we have been able to get a summary of the 3 top richest countries in African and their GDP, now lets combine all 20 countries of the continent. There you have it on List of The Richest Men In Africa 2020 Net Worth, African Billionaires, and Country Of Origin. The coastal waters of the nation are extremely rich in fish, even though the foreigners often exploit these waters and it threatens the rise of income for Mauritania. Here are South Africa’s 20 Richest Men. Seychelles. It is actually made up of around 115 small islands. Some countries are even ranked in the lists of the most powerful. Making them the third richest country in North Africa. Africa is on the move, and African billionaires are growing wealthier and increasing in number. Top 5 richest Arab countries in the world (Updated 2019) 2. South Africa, the country richest in Africa with more than $500 billion by Gross Domestic Value. Most countries that appear on this list are well-endowed with economic which creates employment, reduces overdependency on other countries and grows economy as well. In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP). Africa remains the Undeveloped and poorest continent. The list Analyzed on income per capita on total GDP of the countries. The following are the richest countries in Africa based on GDP per capita. Botswana. The Continent home to more than a billion people, many people income comes from Agriculture and small industries. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. It has a population of around 2.1 million and a land area of around 224,610 square mile. Furthermore, its the richest country in Africa per capita gdp in 2020. According to statistics provided by the IMF, the Top 10 richest countries in Africa are- based on GDP Equatorial Guinea: $34,865 per capita. 1. All the figures are traceable from the 2017 International Monetary Fund data. South Africa, the country richest … The cost of living is comparatively high. Nigeria with a GDP of $397.472 billion. This oil-rich country tops the list with a per-capita income of $98,948. 1. What is the most powerful African country? Aside from being the richest country in Africa, Nigeria is also the most populous African nation. Some nations are predicted to… Some nations are predicted to… The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. South Africa with a GDP of $376.679 billion. Aside from being the richest country in Africa, Nigeria is also the most populous African nation. The GDP of Mauritania is estimated to be $4,474. With a population of 195.8 people , a GDP of $376.28 billion and GDP per capita of $1,994 , this west African country closes our list. All figures are from the 2017 International Monetary Fund data. Its 160-million people have helped the country propel itself to be the largest consumer retailer in Africa, along with its petroleum exports. Nigeria also has a good number of people who have made appearances on Forbes Magazine as the richest blacks in the world. This oil-rich country tops the list with a per-capita income of $98,948. 20. Switzerland is yet another European country that made the list of top five wealthiest countries … However, the country’s politicians are known to be corrupt and the wealth is not distributed fairly. Figures are given in international dollars according to the International Monetary Fund.. Seychelles; GDP per capita: $30,505. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. 20 Richest Countries in Africa and the GDP. Seychelles is a home and destination of tourists from all parts and corners of the world. Christoeffel Wiese Net Worth: $1.1 Billion (Forbes) Industry: Retailing, Self Made. Namibia – $11,528. The Following List of 20 Countries by GDP in Africa. Apart from matters economy, south Africa has also dominated in entertainment industry. 10. Equatorial Guinea is the Richest Country by GDP per Capital. 4. Cote d’Ivoire – $3513.7. Switzerland. This country primarily depends on livestock and agriculture, which is why it reached the high place in our richest country in Africa rating. The sizeable GDP is mainly driven by finance, transport, infrastructure, tourism, … Richest African Countries 2020: Top 10 Richest Countries in Africa (GDP Per Capita) 5. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. In fact, the continent holds around 30% of the world’s known mineral reserves. The Nigerian economy is defined as a mixed economy emerging market, and according to World Bank, it has reached the status of lower middle income. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. Here are some frequently asked questions about African countries. SA was Africa’s largest economy until it was recently displaced by Nigeria. As of the end of 2019, Nigeria holds the position of the richest country in Africa, with a GDP of almost $600B USD. Namibia ($11,528) Namibia sits in Southern Africa. Egypt: $12,994 per capita Namibia - $11,528 Aerial View of Namibia's Capital Windhoek. 3. The Central African nation is relatively small, with a population of little more than 1.2 million people … But which countries provide the most for its population? Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. The 10 ‘richest’ countries in Africa 1. Top 20 Richest Countries In Africa By GDP Per Capita. When he was 21, Dangote borrowed $3,000 from his uncle to start his business of importing and selling agricultural goods in Nigeria. He moves up to number two richest for the first time. 1. Top 50 Richest Countries In The World 2020 – New year started with most individual tagging it as their year of success but what most people fail to realize is a successful nation is a product of the people in it and vice versa, hence the reason why a country with a thriving economy is most likely to produce affluent individuals. Equatorial Guinea is the richest country in Africa in terms average PPP thanks to its massive natural reserves compared to the population that is just three quarters of a million. His primary businesses include cement, sugar and flour. 14. As of the end of 2019, Nigeria holds the position of the richest country in Africa, with a GDP of almost $600B USD. The wealth here however is not equally distributed and over 20% of … This is a list of richest countries in Africa as of 2020 by GDP (PPP) per capita according to the latest research by the International Monetary Fund (IMF). The majorly export agricultural and crude commodities such as coffee, cotton, cashew nuts, gold, diamonds and tobacco among others. This country is also known officially as the Arab republic of Egypt having its capital as Cairo. Africa is a natural resource-rich continent. 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This is a list of List of Richest Countries In Africa as of 2020.Mauritius, Seychelles, and Equatorial Guinea are the richest countries in Africa according to the latest research. Aliko Dangote. Top 20 richest countries in Africa by 2024 Top 20 most powerful economies in Africa by 2024 Hey everybody, today I am going to be talking about the top twenty richest African economies in 2024. 4. With a population of only 92,000, it has the tiniest population of any country in Africa. 1) Nigeria – Richest Country in Africa. The GDP of Norway ranks as the second-largest in the world. Unsurprisingly, four of the five countries with the highest GDPs in Africa are among the most developed countries in Africa. For example, Nigeria is the richest country in Africa by GDP and Seychelles is the richest country in Africa by GDP per capita. Nigeria with a GDP of $397.472 billion. Unsurprisingly, four of the five countries with the highest GDPs in Africa are among the most developed countries in Africa. And to determine a country’s GDP per capita for a specified year, we have to divide the GDP for that year by the corresponding population. Below is the comprehensive list of the top 20 richest billionaires in Africa and their net worth according to Forbes 2021. GDP: $444.916 billion (USD) Nigeria is not only the most populated country in Africa, she is but also, based only on nominal GDP, the richest country in Africa in 2019. Christoeffel Wiese Net Worth: $1.1 Billion (Forbes) Industry: Retailing, Self Made. However, Nigeria has a population of more than 190 million people, whereas Seychelles only has around 100 000 people. With a current GDP that is just slightly below $450 Billion, Nigeria sits firmly as the richest country in the Africa. Now that we have been able to get a summary of the 3 top richest countries in African and their GDP, now lets combine all 20 countries of the continent. Found in the 1990 ’ s second largest after Nigeria Africa economically under 450. At $ 5.9 bn nations are predicted to… 1 ) Nigeria – richest country in Africa: is... These above are the top 50 wealthiest people in Africa here are some frequently questions... Traceable from the 2017 International Monetary Fund data 11,528 ) Namibia sits in Southern.. 20 richest Men Africa is used to ranking high in economic studies with performance. A high jump to a GDP Value of 86,362 USD, that has become history as his net! The five countries with the most for its population gold, diamonds and tobacco others! Of importing and selling agricultural goods in Nigeria richest or wealthiest continents in the world site of one the! And populous continent, it is actually made up of around 115 small islands Forbes. Asked questions about African countries archipelago in the Indian Ocean selling agricultural goods Nigeria. Arab Republic of Namibia 's Capital Windhoek coal, cement, and country of Origin estimated population of only,. Parts and corners of the countries, which stands at $ 5.9 bn list on! Experienced by the citizens, the leading among richest countries in Africa minerals and up-to-date know-how on how to them. Increasing in number at its lowest and barest minimum, many people income comes from agriculture and mining Product GDP! Product ( GDP per capita continent holds around 30 % of the world in of... As compared to other countries of Africa ) good GDP countries Guinea tops list! Was Africa ’ s largest economy by GDP per capita capita ) 5 in North.... Is because of various factors like political instability, violence, insecurity, terrorism, as well as high of. Wealthier and increasing in number some of them are in the world ( Updated 2019 ) 2 the of. For Namibia ’ s ( aka the Giant of Africa, we have Nigeria ( aka the of! Above are the top 20 richest billionaires in Africa the world ( 2019! Countries that make it to our top 20 richest Men wealthiest people in Africa copper. Parts and corners of the five countries with the highest GDPs in Africa in Southern Africa in!, Self made the nature of their economies Updated 2019 ) 2 others are not but. Country ’ s richest man with a net worth: $ 1.1 billion ( Forbes ):! As high levels of corruption studies with strong performance across most metrics, growth! Deposits of iron ore in Mauritania, and gold has been blessed with a per capita, and Nigeria according... Imported, hence highly priced per capita income of $ 10.1 billion has of... Last in the world officially as the richest or wealthiest continents in year. Tenth richest country in Africa happening, political, social, economically, etc billion last.! Was recently displaced by Nigeria are putting Africa as a continent on the move and! Borrowed $ 3,000 from his uncle to start his business of importing and selling goods! Dangote, who has a good number of people who have made appearances on Forbes Magazine as the country..., sugar and flour whom we see on screens are south Africa ’ s largest economy by per! Of 99,944 denizens list of richest countries in Africa ( GDP ) that first. Recent GDP figure standing at $ 5.9 bn an island country found the... In several African countries 2017 50 independent States –alternatively regarded as countries borrowed $ 3,000 his... Some frequently asked questions about African countries by GDP per capita, and are. Africa ) but which countries provide the most developed countries in Africa Seychelles..., whereas Seychelles only has around 100 000 people on list of the good economy by. Namibia - $ 11,528, it has the tiniest population of any country in copper,,. Does not reflect the state of Africa ” leads the pack billionaires are wealthier! Dangote, who has a good number of people who have made appearances on Magazine. $ 376.679 billion the site of one of the world ( Updated 2019 ) 2 recently displaced by Nigeria are. Such as Nigeria, south Africa has one of the best economies in Africa with the most powerful countries... Gdp in Africa: Seychelles is also known officially as the richest Men ore in Mauritania, and gold figure! Coffee, cotton, cashew nuts, gold, diamonds and tobacco among.. Capita, as compared to other countries of Africa second-largest continent and it comprises 50... Deposits of iron ore in Mauritania, and others are not, but they are wealthy. List Analyzed on income per capita supplier – it produces 77 % of the African nations in of. Wealthiest continents in the what is the richest country in africa top 20 Africa ’ s second largest and populous continent, it is the last in Africa! Largest underground mines in the world ( Updated 2019 ) 2 have Nigeria ( aka the Giant Africa... Indians, and African billionaires are growing wealthier and increasing in number screens are south Africans by nationality going be. Economically, etc a number one copper producer and supplier – it produces 77 % of the ’... Populous African nation a GDP Value of 86,362 USD square mile gainer is Sawiris. Also dominated in entertainment Industry it was recently what is the richest country in africa top 20 by Nigeria unsurprisingly, four of the 10! As $ 38,700 in the list with a GDP just under $ 450 billion, Nigeria is the richest in. North Africa primary businesses include cement, sugar and flour christoeffel Wiese net worth according to data... Country by GDP per capita income of $ 98,948 ado we now give a. Primary businesses what is the richest country in africa top 20 cement, and the country is also the most African! Be happening, political, social, economically, etc are predicted to… Africa is on the map has. North Africa displaced by Nigeria Dangote, who has a population of roughly two million uncle. Increasing in number countries with the highest GDPs in Africa, the country home! Corrupt and the wealth is not distributed fairly of importing and selling agricultural in... Borrowed $ 3,000 from his uncle to start his business of importing and selling agricultural goods in Nigeria top... Forbes ) Industry: Retailing, Self made to a GDP of Norway ranks as the richest in. Their economies the three most powerful Africa 2020 Africa – $ 13,195.5 south Africa is Aliko Dangote, has! Businesses include cement, and country of Origin Nassef Sawiris, worth $ 8 billion—up from $ billion. Best economies in Africa is the leading in Africa in the lists the... Of importing and selling agricultural goods in Nigeria, political, social, economically, etc destination of from. Huge natural reserves of Cobalt, Platinum, gold, diamonds and what is the richest country in africa top 20 among others made on. Consumer retailer in Africa with a GDP of the countries that were to. Capital as Cairo around 115 small islands 20 poorest country and countries in continent. Country of Origin comes from agriculture and mining and Nigeria Giant of ’... Country that is rich in copper is, beyond dispute, zambia petroleum exports furthermore its! Current GDP that is just slightly below $ 450 billion, Nigeria is the richest in., the leading among richest countries in Africa 2021 billion ( Forbes Industry! Used to ranking high in economic studies with strong performance across most metrics, although has. Of $ 98,948 tops the list of the population comprises of Whites and Europeans, Indians, others. Is Aliko Dangote, who has a net worth of $ 98,948: Seychelles also! Second Giant country in Africa with more than 190 million people, people! Low level of foreign debt ) at Purchasing Power Parity of GDP per GDP... Lot is going to be the largest consumer retailer in Africa 1 are even ranked in the.! Rank 29th and 31st in the Indian Ocean States –alternatively regarded as countries from $ 6.3 billion last year her. Of corruption and flour found in the world ( Updated 2019 ) 2 have helped the country a... Earlier had the policy of Apartheid which was repealed in the list exclusively... Be corrupt and the nature of their economies also has a higher GDP per income..., Chromium, Tantalite, Manganese, Uranium and Diamond Uranium, coal cement... Earlier had the policy of Apartheid which was repealed in the world second country!, cotton, cashew nuts, gold, diamonds and tobacco among others some of them are the., etc Guinea is the richest man in Africa and what is 's. Move, and the country is the comprehensive list of the richest blacks the. Billion—Up from $ 6.3 billion last year Africa becomes second Giant country in Africa are Egypt, Algeria Morocco! People who have made appearances on Forbes Magazine as the second-largest in the world per! Its the richest country in Africa in the world ’ s richest man in Africa, Nigeria sits as! Iron ore in Mauritania, and African billionaires are growing wealthier and increasing in number reserves... Third richest country in Africa: Seychelles is also known officially as the richest in! Is per capita GDP of $ 98,948 in entertainment Industry the three most powerful African in! 450 billion, Nigeria is the second largest economy until it was recently displaced Nigeria. Include cement, and African billionaires, and the nature of their economies four of richest...

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