So, which is the richest country in Africa?

I know what you are thinking about. When I wrote about the strongest currency in the world, nobody expected to see the Kuwait Dinar take the top position.

As they say, do not judge a book by its cover and the number of wives a man takes never determines his strength.

We have seen KOT (Kenyans online) take on their Nigerian counterparts in a war that seems never to end.  As to what they are fighting for, no one seems to know for sure.

Nigeria sees itself as the big boy of the West Africa, Egypt of the North Africa, South Africa of the South and Kenya of East Africa.

However, are these countries even among the richest in Africa?

Let us explore to find which is the richest country in Africa.

20 Richest Countries in Africa by GDP( Which is the richest country in Africa by GDP)

We are going to consider this by looking at their GDP. For numbers do not lie.

However, what is GDP?

GDP (Gross Domestic Product) according to Wikipedia is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually.

GDP does not compare the differences in poverty levels and inflation. However, it is a good measure of comparing differences in living standards between nations.

Since GDP is a measure done annually, here are the top 20 richest countries according to 2019 estimates.

Have a look.

Rank	Name	2019 Population( In Millions)	GDP(in Billions of US Dollars)
20	Zimbabwe	16.5	16.4
19	Senegal	16	24.2
18	Zambia	18	26.0
17	Uganda	43	28.0
16	Sudan	43	33.2
15	Cameroon	24	38.4
14	Tunisia	12	41.6
13	DRC	81	43.0
12	Libya	6.4	43.2
11	Cote d’ Ivoire	24.3	45.9
10	Ghana	28.8	51.8
09	Tanzania	57.3	55.6
08	Ethiopia	112.5	83.8
07	Kenya	53	89.6
06	Angola	32	114.5
05	Morocco	36.5	118.2
04	Algeria	41.3	188.3
03	Egypt	97.6	249.5
02	South Africa	58	376.5
01	Nigeria	201.8	397.5

You can already see the winner, but let us dig deeper.

20. Zimbabwe

At Position 20 is Zimbabwe is located in Southern Africa with an estimated population of 15 million people. The capital of Zimbabwe is Harare.

The economy of Zimbabwe is heavily dependent on agriculture and mining, though after years of mismanagement the country is struggling.

However, after the political changes we saw, things could be looking up.

GDP =19.367 billion dollars.

19. Senegal

Senegal is a country in West Africa and a stable economy in the region. Senegal gained independence from France in 1960 and is one of the French speaking nations in Africa.

It has a population of about 16 million people and has enjoyed an annual economic growth of over 6% in the last four years.

Its Capital is Dakar.

GDP =24.240 billion US dollars.

18. Zambia

Zambia is among the fastest-growing economies in the world powered by huge deposits of copper ores.  The Kwacha is its Currency and the capital city is Lusaka.

It is rated lower middle income with GDP per capita of 1,509.80 US dollars according to the World Bank. However, rural poverty and unemployment remain a significant problem in Zambia.

GDP =25.778 billion US dollars.

17. Uganda

Uganda is a landlocked country in East Africa that depends heavily on Agriculture to power its economy. However, oil deposits have been discovered along the border with DRC.

The economy of country in the recent past has slowed down which has reduced its effect on income and poverty reduction.

This has been as a result of unrest in its northern neighbor, South Sudan as well as adverse weather conditions among others.

The capital of Uganda is Kampala, and the currency is the Ugandan Shilling.

GDP = 27.855 billion US dollars.

16. Sudan

Sudan is country in North East Africa endowed with huge deposits of fossil fuels. It is one of the countries in Africa the Nile River passes through.

Powered by oil, its economy is heavily depended on the oil exports and related industries.

Its Capital is Khartoum.

GDP =33.249 billion US dollars.

15. Cameroon

Cameroon is a lower-middle-income country within the Congo Rain forest basin whose economy is driven by timber, agricultural products, minerals, oil and gas.

The population of Cameroon is over 24 million (a million of these are Nigerians!); it is the 15^th richest country in Africa. Its Capital is Yaoundé.

GDP = 38.445 billion US dollars.

14. Tunisia

Tunisia, or the Tunisian Republic, is located in the extreme north of Africa bordering the Mediterranean Sea to the north.

The main drivers of the economy are exports, foreign investment, and tourism.

Its Capital if Tunis.

GDP = 41.662 billion dollars.

13. Democratic Republic Of Congo

It is often said that should you need any any minerals, then DRC is the place to be. Honestly speaking the DRC is a country endowed with wealth unimaginable.

The country is endowed with minerals (name any, you will find it there), large deposits of fossil fuels, a large tropical wilderness and a huge river flowing within its borders.  

With these resources, The DRC should be among the richest countries. However years of conflict has made this not possible.

According to the publication by African Business Magazine, the mineral wealth of Congo is estimated at 24 trillion US dollars. This is almost equivalent to the combined GDP of the United States of America and Europe.

However, for now its GDP is only 42.692 billion US dollars. Its Capital is Kinshasa

GDP = 42.692 billion US dollars.

12. Libya

Libya is a country in North Africa with huge oil deposits and the strongest currency in Africa. Libya’s energy sector is the primary driver of its economy, which generates approximately 95% of its revenues, 80% of GDP and 99% of government revenues.

It is among a few counties in Africa that are classified as upper middle economies.

 Its Capital is Tripoli

GDP = 43.236 billion dollars.

11. Cote D’Ivoire

Cote d’Ivoire (Ivory Coast) is a country in West Africa that is the largest exporter of Cocoa in the world. Besides Cocoa, the country exports Cashew nuts.

It is one of the most stable economies in the region. Its GDP is 45.875 billion US pounds.

Its capital is the Yamoussoukro.

GDP of Cote d’Ivoire is 45.875 billion dollars.

10. Ghana

Ghana is a country located in West Africa whose economy is depended on export of cocoa, gold, and many resources.

The country has had political stability for years, which has propelled its economic growth.

With an urbanization rate of 55.41% and trade balance of 1.19 billion US dollars among many other factors, Ghana is one of the richest countries in Africa.

Its Capital is Accra.

GDP = 51.815 billion US dollars.

9. Tanzania

Tanzania is a country in East Africa that is home to the Serengeti plans and one of the three countries that share the Lake Victoria. The country is heavily depended on Agriculture to fuel is economy.

However, huge deposits of natural gas have been discovered within the country. It is a very stable economy politically making it one of the top Safari destinations in Africa.

Its capital is Dodoma, while the commercial center is the city of Dar es salaam.

GDP = 55.645 billion US dollars.

8. Ethiopia

Ethiopia, or the Federal Democratic Republic of Ethiopia, is a landlocked country in North East Africa.

The country has embarked on rapid modernization making it a darling with investors. Having never been colonized, it’s one of the richest in Africa.

The economy of Ethiopia is agriculture based, having the best coffee the world has ever know (By the way, coffee was discovered in Ethiopia).

 Its capital is Addis Ababa, which also serves as the headquarters the African Union (AU).

GDP = 83.836 billion US dollars.

7. Kenya

Which is the richest country in East Africa? Kenya it is.

The country is powered by sectors such as Agriculture, manufacturing (I hear they opened Africa’s largest Industrial park), tourism (home to the wildebeest migration) and now begun exporting crude oil. It is also a leader in technology.

The country is also said to contain the largest Geo thermal potential in the world and home to some of the world’s best Safari destinations.

The Capital is Nairobi.

GDP = 89.591 Billion US dollars.

6. Angola

Angola is one of the countries in Africa that is known to contain huge oil deposits. Besides fossil fuels, the country is rich in minerals such as diamond.

Years of civil unrest has dragged an otherwise rich nation backwards.

The capital of the Republic of Angola is Luanda.

GDP = 114.504 billion US dollars.

5. Morocco

Morocco, or otherwise called the Kingdom of Morocco, is a constitutional monarchy located in North Africa.

The economy of Morocco is depended on Agriculture, Tourism, Energy and Narcotics (The country grows Cannabis for the export market)

Rabat is the capital.

GDP = 118.178 billion US dollars.

4. Algeria

Algeria or People’s Democratic Republic of Algeria is another North African Country that is classified as an Upper Middle-income country by the World Bank.

The country is rich in hydrocarbons though sectors such as Tourism, Agriculture are also taking shape.

Algiers is the capital of Algeria.

GDP = 188.342 billion US dollars.

3. Egypt

The Arab Republic of Egypt or just Egypt is one of the oldest nations on earth and a very stable economy.

The country’s economy is depended on agriculture, petroleum products, tourism and manufacturing.

Its Capital is Cairo.

GDP = 249.471 billion US dollars.

2. Republic of South Africa

South Africa or the Republic of South Africa is a country rich in minerals, and is a top exporter of gold, silver, and diamond.

Besides mining, the country is also a top tourist destinations in Africa. It has a population of about 56 million people.

Its capital is Pretoria.

GDP = 376.679 billion US dollars.

1. Nigeria

So, which is the richest country in Africa? It is Nigeria.

We have a winner.

Nigeria or the Federal Republic of Nigeria is a country in West Africa endowed with huge hydrocarbon deposits.

Besides fossil fuels, the country is also depended on Nollywood, a film industry that is second only to Hollywood. The economy is also supported by manufacturing, agriculture and tourism. With a huge local market (Nigeria is currently the most highly populated country in Africa, with a population of more than 201.8 million inhabitants), the economy is consumer driven.

Even with this, large populations of Nigeria still languish in extreme poverty with wealth accumulated by a few.

The Capital of Nigeria is Abuja.

GDP = 397.472 billion dollars.

Conclusion

Now we know which is the richest country in Africa. Though Africa is often considered a dark continent, there is hope that with proper political will, countries such as the DRC could one day take on the economic heavy weights of economic world.

The US Dollar, otherwise called the ‘Green Back’ is the world’s famous currency but is highest (strongest) currency in the world?

We are going to find out in a short while, though we all agree that getting payed in US dollars is something all look forward especially if you are not an American Citizen. Moreover, most business transact their businesses in US dollars. This has made the green back very famous.

We all have the Euro (€) (the currency of the European Union) and British Pound (£) as some of the strongest currencies in the world.

However, what determines the strength of a currency? Though this is a complicated subject, here are some of the factors that determine strength a currency.

1. Demand and Supply
2. Foreign Direct Investments.
3. Tourism
4. Exports and Imports
5. Trade Deficit
6. Skilled manpower with a Country

So, which is the strongest currency in the world in 2019? Is it the US dollar, the Euro, the British Pound or are we going to see some unknown currency taking the crown?

Let us dive deep into this.

Highest Currency in the World in 2019

Briefly, look at this table and to reveal the highest currencies in the world.

Position	Currency	Currency Symbol	Exchange rate to US$ 1
20	Turkish Lira	TRY	5.82
19	Brazilian Real	BRL	4.14
18	Fijian Dollar	FJD	2.20
17	New Zealand Dollar	NZD	1.59
16	Australian Dollar	AUD	1.49
15	Libyan Dinar	LYD	1.40
14	Israel Shekel	ILS	3.53
13	Singapore Dollar	SGD	1.39
12	Brunei Dollar	BND	1.35
11	Canadian Dollar	CAD	1.33
10	US Dollar	USD	1
09	Swiss Franc	CHF	0.99
08	Euro	EUR	0.91
07	Cayman Island Dollar	KYD	0.83
06	Sterling Pound	GBP	0.82
05	Gibraltar Pound	GIP	0.82
04	Jordanian Dinar	JOD	0.71
03	Oman Rial	OMR	0.39
02	Bahraini Dinar	BHD	0.38
01	Kuwait Dinar	KWD	0.30

I have decided to compare each of the currencies to the US Dollar because it is the most common currency used in the international markets.

Of course, now you know that the highest (strongest) currency in the world in 2019 is the Kuwait Dinar.

Let us dig deeper and look at each of these currencies.

Turkish Lira

At Position 20 is the Turkish Lira, the currency of Turkey a country that joins Asia and Europe. Boosted by a strong economy, this currency is among the strongest in Europe. Besides, Turkey is a top destination for tourists in the world, receiving the much-needed foreign currency to boost its economy.

Brazilian Real

This is the currency of Brazil; a country we all know is home to the world’s largest lung. Endowed with natural resources of timber, minerals and a culture second to none, the Brazilian Real stands at position 19 among the highest (strongest) currencies in the world.

Fijian Dollar

This is the currency of Fiji, a country in the south pacific made up off more than 300 islands.  The country is endowed with natural resources such a fish, minerals and fast amount of forests. Minerals such as gold, copper and off shore oil make the economy strong.

New Zealand Dollar

New Zealand is a country in the southwestern Pacific Ocean and the New Zealand Dollar (formally called the Kiwi Dollar) is its currency. The economy of the country is powered by natural resources such as minerals and timber.

Australian Dollar

Australia is a country that is home to the famous Kangaroos. Isolated and sitting alone near the South Pole, it is a wealthy country.

The country last year, emerged with the highest median wealth of any country, powered by a powerful economy that is fueled by rich mineral resources.  

Its currency the Australian Dollar is also used by other nations such as the Christmas Island, Cocos Island, Norfolk Islands, Kiribati, Nauru and Tuvalu.

Libyan Dinar

Libyan Dinar is the currency of Libya a country in North Africa.  The country has the 10^th largest proven oil reserves of any country in the world. Huge deposits of crude oil primarily fuel its economy and according to the World Bank, it is one of the upper middle-income economy, and one of the richest countries in Africa.

Israel Shekel

With huge deposits of oil, and use advanced technology in agriculture, Israel is a country that curved its envied economy out of the deserts of the Middle East to become a strong economy that it is today.

The Israel Shekel is not only one of the strongest currencies in the Middle East but also in the world.

Singapore Dollar

Singapore is an Island city-state off southern Malaysia and world known as a global financial center. It Currency is the Singapore Dollar with is also used by Brunei. The country has a highly developed market economy and is one of the Four Asian Tigers along with South Korea, Hong Kong and Taiwan, though it has surpassed its peers by far.

Brunei Dollar

Just like Singapore, it is a tiny island nation on the Island Borneo. The Brunei Dollar is its official currency. The currency is powered by an economy that relies on furniture, textiles, handcrafts and timber.

Canadian Dollar

Canadian dollar is makes up North America together with the United States of America. The country is blessed with unimaginable natural resources such as Zinc, uranium, Gold, Nickel, Aluminium, Iron, coal, and Lead.

Besides these, the country has a well-developed timber industry. This make its currency the Canadian Dollar among the highest currency in the world.

US Dollar

At position 10 is the US Dollar, the most known of all the world’s currencies. Though not the strongest, the currency is always on high demand. Why? Because most of the world trade is in US Dollars.

It is also important that the currency is also used as a legal tender in Ecuador, El Salvador, the Marshall Islands, East Timor, Zimbabwe, Micronesia, and Palau.

Swiss Franc

The Swiss Franc is the official currency of Switzerland and Liechtenstein. It is also used in the Italian exclave Campione d’Italiaa.

Known for being the sixth most traded currency in the world, the Swiss Franc has earned a reputation as a stable value back by a strong and stable economy.

Euro

The Euro is the official currency of the 19 of the 28 member of the Eurozone and accounts for a population of about 345 million citizens.

The Euro is the second largest and the second most traded currency in the foreign exchange after the US dollar.

Cayman Island Dollar

The Cayman Island is a British oversees territory whose main economy revolves around tourism.  The Cayman Island dollar introduced in mid-1972 as a replacement for Jamaican Dollars and today boasts as one of the highest (strongest) currencies in the world.

Sterling Pound

The Sterling Pound is the oldest independent currency in the world. It is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

Being one of the strongest currencies in the world, it is sought by so many people.

Gibraltar Pound

Gibraltar is a tiny country in Europe and an overseas territory of Britain. The territory depends exclusively on financial services, shipping, tourism and gambling to run it economy.

As tiny as it is, its currency the Gibraltar currency is the 5^th strongest in the world.

Jordanian Dinar

Jordanian Dinar is the official currency of Jordan and one of the strongest in the world. Largely supported by a strong economy backed by huge oil exports.

Oman Rial

At position 3 is the Oman Rial the official currency of Oman. It is the very strong currency exchanging at 0.39 to the dollar.

Bahraini Dinar

Bahraini Dinar is the official currency of Bahrain. Introduced in 1965, the Bahraini Dinar has now become one of the highest (strongest) currencies in the world.

The strength of this currency is as a result of oil exports.

Kuwait Dinar- The Highest Currency In the World!

Final we have a winner. The Kuwait Dinar the official currency Kuwait. Exchanging at 0.30 to the dollar it is the highest (strongest) currency in the world.

At current rates, 1Kuwait Dinar equals 3.29 US dollar.

This is our winner!

Conclusion

Whereas the US, United Kingdom and Japan are some of the strongest economies in the world, there currencies do not appear among the top five currencies.

The strongest currencies (top 4) are from economies in the Middle East the huge deposits of known crude oil in the world.

Diamond Platnumz is no doubt a controversial man, but how much is his net worth? I took a dive into this issue and I am bringing you not only this but other stuff you may not know about this East African Musican.

Unless you live outside East Africa, you already know that Diamond Platnumz is not only among the most famous musician in this region but also the richest.

But how much is his real worth? Most of his fans have been asking this same question. To answer this question, let us dive deeper and understand the man that has been rocking the East African Music scene.

10 Things you probably did not know about Diamond Platnumz.

1. His real name is Naaseb Abul Juma

Like any other musical, Diamond Platnumz is a stage name. His real name is Naaseb Abul Juma. Am not sure if I called him that he will respond.

2. He is a millennial.

Millennials are a group of people born between 1981 and 1996, which means that they are aged between 22 and 38 years (as of 2019). Diamond falls within this age bracket.

He was born on 2^nd October 1989 in Tanzania, that make him 30 years old this year (2019).

3. Has released song with artists from five African countries.

As a decorated artist, he has collaborated with several artists from other African countries. He has released music with artists from Kenya, his home country Tanzania, Zimbabwe, South Africa, Democratic Republic of Congo ( DRC) and Nigeria.

It is in Kenya that he released his second album on 14^th March 2018.

4. He is a dedicated Muslim.

Religion is one thing that most of us keep to our hearts and for musicians, it even difficult to tell what they believe in. Not for Diamond Plutnumz, he is a dedicated Muslim often seen taking his prayers.   

5. He lives in the posh suburbs of Dar es salaam.

Being a man he is, he owns and live in the most posh suburbs of Dar es Salaam. It is said he owns several homes in this city and some are rumored to be worthy millions of dollars. Besides, he owns several cars that include a Royce Phantom costing more than two hundred thousand dollars, a Hummer H3, and a Toyota Land cruiser popularly known as a Harrier.

6. Won several awards.

To say that Diamond is the most decorated musician in East Africa is an understatement. Not with several awards, he has bagged in his musical career.

In 2014 alone, he won 7 awards which include, best male artist, best male writer, best collabo of the year, best male entertainer of the year, best afro pop song, best music video and best song of the year.

Over the years, before and after, he had bagged more awards the latest being best East African video of the year 2018 for his work ‘Eneka.’

7. His shows cost US$ 25000.

So you want to invite him to your party? Not a bad idea, for you will get the entertainment of your lifetime. However, this will come at a cost, for you will have to break your bank literally. It is said the Diamond charges not less than US$ 25000.00 for shows outside Tanzania. Within his home country, the shows are much less expensive.

Thinking of inviting him over to your show? I bet you now know the preparations you need to make.

8. Has three children.

Diamond has three kids from his previous relationships. He has two children with his former spouse; Uganda based South African Zari Hassan.

He also has a third child with model Hamisa Mobeto.

His current spouse, Kenya based radio presenter Tanasha Donna Oketch is reportedly pregnant with his fourth child.

9. He has family

Apart from his current spouse, Diamond has a father Abdul Juma and siblings Romeo Abdul Jones, Queen Darleen, and Esma Platnumz.

Much is not known about these members of his family though there have been reports about his sour relationship with his father.

10. Diamond Platnumz Net Worth is Over US$ 4.5 Million

Though Forbes has not made such an announcement, it is estimated that Diamond is worth well over US$ 4.5 million making him among the richest kids on the content.

Apart from his earnings from music, he earns from endorsements for companies such as Coca-Cola, Vodacom, Red Gold, and DSTV. He has also ambassadorial deals that contribute to his wealth.

Conclusion

The net worth of Diamond Platnumz the man behind the ‘Tetema’ fame, has been a subject of speculation, I hope this article brings that to rest.

Should you have more information that you would wish to have added here, please pay it forward and you will receive the credit due to you.

Read Also: Best Airline in the world 2019.