It is safe to say that South Africa is the richest country in Africa. It is the leading country in Africa in terms of economic or political policy. It has the biggest economy in Africa, followed by Egypt and then Nigeria, meaning South Africa the richest country in terms of GDP, with $357 Billion as of 2010, compared to Egypt's $218 Billion and Nigeria's $216 Billion.
If you use a web search, you'll find that South Africa is by far the richest African country, followed at a distance by Algeria and then Egypt. Mauritius has the highest per capita income, but its GDP is comparatively small.
SA might not be the richest country in terms of GDP per capita but that is not a measurement of a its total wealth. Mauritius is the richest country in Africa only in terms of GDP per capita, but it has a very small economy because it has relatively few people and no meaningful natural reserves.
Some users believe that Nigeria is the richest country in Africa due to is oil wealth. Although Nigeria is very rich in Natural Resources, such as oil, it does not come close to the resource wealth of South Africa which is sitting on nearly 40% of the worlds platinum reserves. In fact, according to Citigroup, South Africa is the richest country in the world in terms of natural metal reserves, with 2.5 trillion dollars worth of metal resources, followed by Russia and then Australia.
None of the listings of GDP per capita have Nigeria on the top 10 list. For example the CIA government site has this list, referring to African countries: 1. Mauritius 2. South Africa 3. Botswana 4. Seychelles 5. Namibia
Also the country with the highest total oil reserves in Africa is Libya, not Nigeria, with 47 billion barrels of proven reserves, followed by Nigeria with 37.5 billion barrels. Furthermore since late 2008 Angola is currently producing more oil than Nigeria. It is important to note as well that recourse wealth is not the only measure of wealth and this shows when you consider that almost 70% of Nigerians live below the poverty line and that the profits from the oil of Nigeria is split between the government and large international corporations such as Royal Dutch Shell.
Case for Nigeria:
Nigeria is the richest in Africa, there is no doubt about that. It's GDP is a little above 32 billion dollars annually. Though it might not have the highest standard of living in Africa but it's economy is sure the biggest.
Case for Mauritius:
Mauritius is the richest and wealthiest country in Africa. This country is the dynamo of Africa, it has a strong economy and has the highest GDP in Africa. Nigeria could have a strong economy but the standard of living for the Nigerians should also be taken into account.
Mauritius is the richest country in Africa! I think Botswana is the richest African continent. even though the country has a small economy it can sustain its people by providing them with free education from primary to tertiary level. how many African countries can afford to do that?
Ghana because they own lot of my money to make their country gigantic. ad people think is Nigeria but Ghana is the first richest country in west Africa anyway. and Nigeria is the second richest country in AFRICA. Ghana is definitely the richest country in Africa obviously is GAHAN.
The country with the highest GDP per capita in Africa is Equatorial Guinea. It is the 41st richest country in the world.
Egypt is the richest country in Africa, but not just Africa, it is the richest in the whole wide world.
South Africa is the richest country in Africa.
the richest country in Africa sorry but yall are all wrong it is Gabon
Kenya is the richest country in East Africa. Its currency tend to have the upper hand in Eastern Africa
Yes Congo is the richest country in Africa they came up with the TV ,toys and the things that we have but not all . Ghana is the 3rd richest country. WE should thank Congo or give ,thank you !
The richest nation in Africa is South Africa followed by Egypt. Nigeria, Kenya, and Ghana on the list of top ten richest nations in Africa.
nigeria, south africa, bostwana, egypt,
Nigeria is one of the richest country in africa, because god bless us with natural resource.
Nigeria is a country and no it's not.
Aliko Dangote is the richest person in Africa
Well the most developed country in Africa is south Africa but it could be
Is Africa the richest continent in terms of Natural resources? Yes Africa is the richest when it comes to natural resources but Europe is the richest when it comes to money. Then comes North America, after that im not sure.
There are several rich musicians that live in South Africa. The richest musician in the country is named Youssou Nâ??Dour.
The richest parts in Africa is south Africa
Kenya is the richest country in East Africa. Wealth is determined by a country's GDP. If you check all of the countries in East Africa, Kenya has the highest one. It is also the most economically stable, and has the least inflation rate.