Nigeria Top The 10 Best African Countries To Invest In 2022 - Politics - Nairaland
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| Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 4:58pm On Feb 06, 2022 |
10 best African countries to invest in 2022 African countries have tremendous economic potentials, with rewarding opportunities for investors and partners. Are you looking for the best African countries to invest in to foster economic growth? Consider the below countries with the highest Gross Domestic Product (GDP) for better investment returns. With these countries, you surely can benefit from substantial investment opportunities. https://africa.businessinsider.com/local/markets/10-best-african-countries-to-invest-in-2022/whvt6nq?utm_medium=social&utm_source=twitter&utm_campaign=share-button
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| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 4:59pm On Feb 06, 2022 |
1. Nigeria Nigeria had a remarkable year after missing the Rand Merchant Bank list of countries to invest in 2021. The country's gross domestic product stood at $514 billion in 2021, thus emerging as the African country with the highest GDP, according to Statista. Nigeria's GDP rose by 4.03% in Q3 of 2021, according to the National Bureau of Statistics (NBS). The numbers represent the fourth consecutive growth quarter but slower growth compared to the 5.01% recorded in Q2 of 2021. According to Trading Economics, communication, information and services represent 10% of the total output. Agriculture, natural gas, and crude petroleum account for 11%, while construction, industry, and main exports account for 16% of GDP. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 4:59pm On Feb 06, 2022 |
2. Egypt According to the World Population Review, Egypt has a population of over 105 million. A report by Reuters indicate that Egypt's economy soared by 9.8% in Q1 of the 2021-22 fiscal year that started in July 2021. Available statistics show Egypt as one of the wealthiest African countries by total GDP for 2021. Specifically speaking, Egypt has the second-highest GDP in Africa at $394 billion, according to Statista. Despite the pandemic's effects, Egypt's GDP grew in 2021. The country has a mixed economy profiting from fossil fuels, agriculture, and tourism, ideal for investors. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 4:59pm On Feb 06, 2022 |
3. South Africa According to Trading Economics, South Africa is the most developed country in Africa, with services representing 73% of its GDP. Available data show that South Africa's GDP in 2021 stood at $329.53 billion. The country's GDP benefits from business and government services, real estate, finance, communication, transport, and more. Also, available data by Bloomberg indicate that Africa's most industrialized economy could grow by 2% in 2022 and 2.1% in 2023. With the largest stock exchange on the continent, macro-economic stability and rewarding opportunities in social services expenditure. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:00pm On Feb 06, 2022 |
4. Algeria Algeria's renewable energy, tourism and liquidity reserve are foreign direct investment points. The country's economy relies on oil and gas, amounting to 60% of the state budget. Information from Statista show that the Northern Africa country has a GDP of $151.46 billion as of 2021. With recent laws encouraging foreign investments, the nation offers rewarding business opportunities to investors. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:00pm On Feb 06, 2022 |
5. Morocco Available records show Morocco as the 5th largest economy by GDP on the African continent. According to Statista, Morocco's GDP stood at $124 billion as of 2021. Agriculture, investments, government, and the housing sector are factors determining the growth. There are indications that the country's economic growth will rise to 3.2% in 2022. The country's economy is liberal, driven by the laws of demand and supply. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:04pm On Feb 06, 2022 |
6. Kenya Kenya arguably has the most advanced economy in Central and East Africa. According to the World Bank's forecast, the country's resilient economy could grow at 4.9% in 2022, thanks to sound economic policies, management, and diversified sources. Trading Economics projects that Kenya's GDP could grow beyond its current level in 2021 to $107 billion in 2022 and $110 billion in 2023. With high demand for goods and services, a robust economy, and a favorable business environment, Kenya is ideal for investments in 2022. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:04pm On Feb 06, 2022 |
7. Ethiopia Ranked as the second largest African flower exporter and among the biggest producers of coffee worldwide, Ethiopia is rewarding for investors. According to the World Bank, the country has a population of over 115 million people. The country's economy recorded a 6.1% growth between financial years 2019 and 2020. The country's GDP stood at $93.97 billion, despite the ongoing war in the country. Investors can benefit from Reuter's prediction that the Ethiopian economy will expand in 2022 by 8.7%. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:05pm On Feb 06, 2022 |
8. Ghana According to a Worldometer report, Ghana has a population of over 30 million. Statistics from Nairametrics show that Ghana's economy experienced a 3.9% expansion and 6.6% growth in Q3 of 2021. The report described the growth as Ghana's fastest GDP growth rate since the Covid-19 outbreak. As of year end 2021, the country's GDP stood at $74.26 billion, according to Statista. According to a report by CNBC Africa, Ghana is targeting a 5.8% GDP growth with benefits primarily driven by cocoa beans, crude oil, and minerals production. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:05pm On Feb 06, 2022 |
9. Angola Angola is rich in oil and gas resources and agricultural lands. Investment risks and opportunities report in Angola suggest that the country is the second-largest oil producer in Africa. According to Statista, Angola has a GDP of $66.49 billion. Trading Economics has forecast that the country's GDP could cross $100 billion by 2022. Trade, transportation, storage, construction, and fisheries contribute to Angola's GDP growth. These sectors represent growth opportunities for investors. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:08pm On Feb 06, 2022 |
10. Ivory Coast Regarded as one of the fastest-growing economies in Africa, Ivory Coast is a top destination for investors in West Africa. Available statistics show that the country is a business portal with rewarding opportunities for investors. According to Statista, Ivory Coast's GDP in 2021 stood at $70.99 billion. Information from the African Development Bank shows that the Ivorian GDP could grow by 6.5% in 2022. The report further disclosed that transport, construction, agriculture, and petroleum products are driving the growth. Conclusion Now that you know the top countries to invest in in 2022, consider doing your research before investing. Consider the business environment and political factors before investing your money. Instead of investing without knowledge, conduct adequate research on the growth, liquidity, and risk factors to avoid capital loss. Also, it's essential to consider other factors such as corporate tax, exchange rate, inflation, and financial crisis. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by SUFFERInSMILIIN(m): 5:09pm On Feb 06, 2022 |
aspabay: Keep on foolling yourself and telling yourself lies. Nigeria does not even make the list. Illiteracy is affecting you https://egscholars.com/2021/12/08/top-10-african-countries-to-start-a-business/
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| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:13pm On Feb 06, 2022 |
SUFFERInSMILIIN: Give us your own facts. When it's bad news, you jump on it, but you are allergic to good news. Carry your protest to the news media |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:19pm On Feb 06, 2022 |
SUFFERInSMILIIN: The joke is on you. Keep taking 2021 data against 2022 data. You do not even understand the post you shared. But what do I care, you are not an investor. You probably still living with your parents. This news is only useful for investors not mindless internet fiddlers.
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| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by SUFFERInSMILIIN(m): 5:42pm On Feb 06, 2022 |
aspabay: Fool yourself with not work this time
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| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by SUFFERInSMILIIN(m): 5:43pm On Feb 06, 2022 |
aspabay: Listen I am in Brazil and you are a total illiterate that website which you posted is actually owned by a Nigerian. How can you talk about 2022 when the first quarter financial year has not even begun go and read your business books. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:44pm On Feb 06, 2022 |
SUFFERInSMILIIN: Okay here is it, go back and learn reading and comprehension. We are talking 2021 reports about Africa, you are bringing up 2017 report for the world. Are you mad or something? Is going this far with flase narration only to spite the progree your country ia making or is it just cruise? Got no more time for you dude. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:48pm On Feb 06, 2022 |
SUFFERInSMILIIN: Who cares. So until the website is owned by an American before you believe. How gullible. White slave. Oh sorry Brazilian slave. So people's gazette and others attacking the government are not Nigerians. If you like believe, if you like keep spewing our rubbish false narrative, na you sabi. Authorities on business and statistics have spoken, take your noise elsewhere. Refurefu. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by SUFFERInSMILIIN(m): 5:48pm On Feb 06, 2022 |
aspabay: Listen to me the report which I gave you is 20 21 you cannot talk about 2022 because the financial year has just begun it will take the second quarter before the reports come out about 2022
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| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:50pm On Feb 06, 2022 |
SUFFERInSMILIIN: Financial year has just began   Guy abeg get out. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by SUFFERInSMILIIN(m): 5:54pm On Feb 06, 2022 |
aspabay: I can see you are full of illiteracy and do not even understand business and economics if you are talking about 2022 investment how do you get records if people have not even started investing yet the first quarter has not even passed. Go and look at most companies financial report and financial Outlook is mostly from the second quarter they can Project how they will perform for the rest of the year. Let's wake up till June July and see if anybody comes to invest in Nigeria I am looking at statistics I am not looking at mouth |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by aspabay(m): 5:56pm On Feb 06, 2022 |
SUFFERInSMILIIN: Abeg gatat. You know nothing about National Economics and Statistics. |
| Re: Nigeria Top The 10 Best African Countries To Invest In 2022 by Chukatabra: 7:07pm On Sep 27, 2023 |
My top picks are Morroco, Egypt, Rwanda, and Mauritius mostly due to economic reasons. This article gives a proper rundown though, I hope it helps - https://blog.changera.co/best-countries-to-do-business-in-africa/ |
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