Through fiscal discipline and sound management, Botswana has transformed itself from one of the poorest countries in the world five decades ago into a middle-income country with a per capita GDP of approximately $18,100 in 2017.
Ethiopia – the second most populous country in Africa – is a one-party state with a planned economy. For more than a decade GDP grew at a rate between 8% and 11% annually. This growth was driven by government investment in infrastructure, as well as sustained progress in the agricultural and service sectors.
Looking to get an Angolan Visa? Angola offers various immigration options for exploring business opportunities, and for undertaking work regardless of whether in oil and gas, commercial, or other sectors.
Kenya is the economic, financial, and transport hub of East Africa with GDP growth that has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower-middle-income country.
Small, mountainous, and completely landlocked by South Africa, Lesotho depends on a narrow economic base of textile manufacturing, agriculture, remittances, and regional customs revenue. Lesotho relies on South Africa for much of its economic activity.
Landlocked Malawi ranks among the world’s least developed countries. The economy is predominately agricultural with about 80% of the population living in rural areas.
Among the 25 poorest countries in the world, landlocked Mali depends on gold mining and agricultural exports for revenue. The country’s fiscal status fluctuates with gold and agricultural commodity prices and the harvest; cotton and gold exports make up around 80% of export earnings.
Since independence in 1968, Mauritius has undergone a remarkable economic transformation from a low-income, agriculturally based economy to a diversified, upper middle-income economy with growing industrial, financial, and tourist sectors.
Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock and some of the world’s largest uranium deposits. Agriculture contributes approximately 40% of GDP and provides a livelihood for over 80% of the population.
Nigeria is Sub Saharan Africa’s largest economy and relies heavily on oil as its main source of foreign exchange earnings and government revenues.
Rwanda is a rural, agrarian country with agriculture accounting for about 63% of export earnings, and with some mineral and agro-processing.
Senegal’s economy is driven by mining, construction, tourism, fisheries and agriculture, which are the primary sources of employment in rural areas.
South Africa has a middle-income emerging market with an abundant supply of natural resources. In addition to their well-developed financial, legal, communications, energy and transport sectors with a stock exchange that is Africa’s largest and among the top 20 in the world.
Tanzania has achieved high growth rates based on its vast natural resource wealth and tourism with GDP growth averaging 6%-7% per year. The country has largely completed its transition to a market economy, though the government retains a presence in sectors such as telecommunications, banking, energy, and mining.
Uganda has substantial natural resources, including fertile soils, regular rainfall, substantial reserves of recoverable oil, and small deposits of copper, gold, and other minerals.
Zambia had one of the world’s fastest-growing economies for ten years up to 2014, with real GDP growth averaging roughly 6.7% per annum. The country’s growth slowed during the period 2015 to 2017, due to falling copper prices, reduced power generation, and depreciation of the Kwacha.
Zimbabwe’s economy depends heavily on its mining and agriculture sectors. Lower mineral prices, infrastructure and regulatory deficiencies, a poor investment climate, a large public and external debt burden, and extremely high government wage expenses impede the country’s economic performance.