Africa’s top countries in finance: 2022/2023

Jun 24, 2022 | Africa, Announcements, Egypt, Home Page, Markets, Nigeria, Snippets, South Africa

Africa is a land of opportunities. ​Africa’s population is set to increase by 25 percent over the next 10 years. The best time to invest in Africa is Now! ABiQ outlines Africa’s top countries in finance.

Africa is a land of opportunities. ​Africa’s population is set to increase by 25 percent over the next 10 years. The best time to invest in Africa is Now! ABiQ outlines Africa’s top countries in finance.

Africa’s population

Africa’s population is expected to grow from 1.340 billion in 2020 to 1.617 billion by 2030 resulting in a demand for more infrastructure. This population growth across Africa will further expand a huge market with many opportunities. 

Nigeria 

Nigeria is the most populous country on the African continent. With more than 200 million people and growing by 27%, there will be more than 260 million people by 2030. There are currently more than $80 billion of active oil and gas projects in Nigeria. Nigeria has a GDP of $514.05 Bn.

Read here for more information on infrastructure projects in Nigeria.

Egypt 

Egypt is a North African country with a population of over 100 million people. With the help of ABiQ’s forecasting tool, we can confidently predict that Egypt’s population will reach 123 million in the next 10 years. 

Egypt has a GDP of $394.28 Bn.

Egypt’s strategic location makes it a trade hub for African, European and Asian routes and the Suez Canal connecting the Mediterranean and Red Seas capitalised on this natural advantage.

Read here for more information on some ongoing infrastructure projects in Egypt

South Africa

South Africa has a population of 59 million and it is expected to grow by 11% by 2030. The country has a mixed economy. South Africa has a GDP of $329.53 Bn.

South Africa is slowly, but surely, becoming self-sufficient. South Africa  doesn’t rely on a single industry to generate income. South Africa’s economy has incredible opportunities as there are so many fast growing industries. Some of the fastest growing industries in South Africa include:

  • Pharmaceuticals and Healthcare.
  • Finance and Banking.
  • Communications and Information Technology.
  • Transport and Logistics.
  • Mining.
  • Agriculture and Agro-Processing.

Read here for more information on infrastructure projects in South Africa.

Finding investment opportunities in Africa

ABiQ tracks business opportunities and supply chain activities in the Middle Eastern and African markets. We offer the first real applied market and business intelligence for African economies. In an opaque market such as Africa, ABiQ delivers trusted, credible access and transparency which will help in business growth.

At ABiQ, we provide validated data and trusted business intelligence covering Africa and the Middle East. We use our unique forecasting and project tracking tool to track projects worth over $5.7 Trillion in 68 countries across the Middle East and Africa so that you can stay ahead of your competitors and grow your business.

Contact us today to book a free demo now or register to get free access to a light version of our platform.

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