10 Richest Countries in Africa

While most listings of countries’ wealth are determined according to the GDP (Gross Domestic Product) of each country, there are two other ways of determining a country’s wealth, namely: GDP (PPP (Purchasing Power Parity)) and GDP per capita.

Definitions:

GDP: the value of all final services and goods produced in a country’s economy over a period of time, usually a year.

GDP (PPP): includes the fact that the same amount of money can buy a different amount of goods in each country (i. e. a basket of goods comparison approach).

GDP per Capita: the GDP divided by the population size. This provides an average GDP for individuals within the country but could be quite misleading.

The data is as follows (These stats are from the 11 October 2019 data report from the IMF, and are based on GDP current prices, U. S. dollars):

As you can see, the lists do differ according to the measurement employed. For instance, the GDP per capita is not a very accurate representation of the average income of individuals within the economy as Equatorial Guinea is listed third and yet they have a very high rate of poverty. Out of these measurements, the GDP (PPP) might be the best measurement to use, as this provides a measure of the standard of living within an economy.

To confuse matters even more, there is also a listing according to “Most Developed Country”. This listing is determined by the Human Development Index (HDI), released by the United Nations Development Programme annually. The HDI is determined by three factors: Healthcare, Education and Life Expectancy.

Accordingly, the top 10 Most Developed Countries are:

Whichever your preference might be, there are only two countries listed on all of these graphs, and they are Algeria and South Africa.

This could be due to the Algerian-South African High Binational Commission for Cooperation (HCBNC) which was formed in 2000, resulting in Algeria being South Africa’s largest trading partner in the region, with steadily increasing bilateral trade.

Establishing the richest countries in Africa, considering all the various factors that need to be taken into account, is more difficult than anticipated, and it might be a better representation of the true state of an economy to look at how many graphs each country is on.

Looking to the future, do you think that these countries will stay the same or might another country emerge to topple all those that came before it?

Sources:
sparknotes.com
quora.com
wikipedia.org
International Monetary Fund
Embassy of Algeria
The African Exponent
Financial Times
World Population Review


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About Cecile Van Deventer

I joined the L2Q Team in 2006, as a L2Q Support Assistant and have been the HOD since 2010. I supervise L2Q Bills, Daily Tender Bills, Control Lists and Directory.

5G Technology: Is Africa Ready For It?

posted in: Did You Know, General 8

Communication is a vital part of our everyday lives, and with the advancements in technology, we have seen it become so much easier to incorporate into our daily lives. With those advancements came the integration of other parts of our lives to these technological platforms. Our entertainment, our work, everything we hold dear, all of this data accessible on the go. We have gone from being amazed by making phone calls to another person, to nonchalantly video-chatting with other people on the other side of the globe. It just keeps getting easier. With new mobile devices coming out every other week, we realise just how these platforms have transformed. But are these platforms quick enough? Now we are more interested in how quickly we can access everything. In steps 5G Technology. What is this mysterious thing of the future?

What is 5G Technology?

5G is the latest in cellular networks, it is 5th Generation technology. Meaning that it is the successor of the 4th Generation cellular network technology(4G). Using 4G technology we get substantial speeds, allowing us to download large files, even as large as Gigabytes, in minutes. Being the next generation, we will be able to download Gigabytes of data in seconds. Check out Spectrum for more info on the more on the technologies required for 5G. There is a recognised standard for the network to have to follow for it to be considered 5G meaning that we could be looking at speeds like 2.5 GB/s(gigabytes per second which also equates to 20 gigabits per second, bits being an eighth of a byte) for downloads and 1.25 GB/s(gigabytes per second which also equates to 10 gigabits per second) for uploads. Further details can be found at Life Wire.

What is so special about 5G Technology?

Because 5G is substantially faster than its predecessor it is definitely worth taking a look at as it makes real-world uses incredibly exciting. It can enhance the usability of existing technologies and perhaps even open doors to newer ones at the same time. Considering that the speeds, capacity and latency(which is the delay) of such a connection has potential to be, it would alter the way we perceive the internet as a whole, giving light to endless possibility. Such improvements could aid in the experience in self-driving cars, virtual reality simulations, air traffic control, movie downloads, and many other uses that would require downloading large files.

Does anyone have as yet in Africa?

At the moment there are a few places in Africa that have access to 5G technology. Vodacom has launched Africa’s first commercial 5G services as of August of 2018 in Lesotho. Other companies also have taken to 5G, such as MTN; having launched a customer trial in Midrand back in November 2018. South African company Rain offers a 5G for home service to Johannesburg and Tshwane. Although Rain is currently the only one of these companies with the necessary licensing that will allow for the use of the newer 5G spectrum (IOL).

Changes needed to be made to support 5G?

As great as the prospects are for this technology, there are some issues that companies looking to implement this technology, may face. The more technical stuff aside, there would need to be newer towers, or at least upgrades to the older towers so that they can support the 5G spectrum. And there would need to be widely available devices that can support this technology. Here’s a list of 5G supported devices from Gihosoft. For these to be put into place, even before all of these changes are even plausible, there would need to be the discussion of whether or not the spectrum necessary for the network, is even available. For more detail on what spectrum is as it relates to communication networks check out GSMA.

Is Africa ready for 5G?

As great as this technology seems, is it really something that could be implemented in Africa? Yes and no. It has already been implemented in certain areas. Which certainly gives us hope that it is possible, and given the right location, plausible. But there already exists technology that is available in Africa that has barely been used to its fullest. 4G being 5G’s predecessor, is yet to be fully realised across the continent, with some places still using 2G (IT Web). Considering that there are places that can support the newer technology, there are also places that cannot. Although we are playing catch up, I do believe that once the older generations are more widely utilised, for all that it is and all that it is worth, then there should certainly be more backing of this technology. But until then, implementing it in smaller proportions, at least as is feasible, is the best way forward.


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Project Infographic: Africa

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Industry Events: Africa October 2019

Industry Events: Africa October 2019

Event:

West & Central Africa Mining Summit & Expo

Date:

02 to 03 October 2019

Event Location:

Movenpick Ambassador Hotel Accra, Accra, Ghana

Event Description:

The West & Central Africa mining region beckons with attractive geological potential for world class mineral deposits to be tapped.Where can growth be found in the West & Central Africa mining region? What are the most promising exploration prospects? What are the challenges? We invite you to join us at WaCA Mining 2018.Over the years this definitive mining event has grown from strength-to-strength showcasing the dynamism and resilience of the mining industry in the WaCA region. Now into its 10th year, the Summit is convened at a time when the mining industry is looking to the future with confidence.Contact Details:

Tel: +65 6846 2360
Email: enquiry@magenta-global.com.sg

Event Details:
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Event:

The Construction Forum

Date:

04 October 2019

Event Location:

Accra International Conference Center, Accra, Ghana

Event Description:

The International Building, Construction and Property Forum is a platform to promote socioeconomic business activity in the building industry. Under the auspices of the Ministry of Works and Housing, we aim to bring together key players in the building construction and home improvement industry to meet and form business relationships, recognize,create, and act upon business opportunities. The purpose of this event is also to communicate the theme, Smart Secured Construction, for our International Building and Construction Exhibition (IBCPE) Forum, we are referring to the use of information technology from the beginningof the design phase to the end of the buildings useful life.

Contact Details:

Tel: +233 24 431 2499
Email: info@imageconsortiumgroup.com

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Event:

International Building Construction & Property Exhibition

Date:

03 to 05 October 2019

Event Location:

Accra International Conference Center, Accra, Ghana

Event Description:

The International Building Construction and Property Exhibition over the last 16 years has a proven track record of successfully creating a platform where all industry players, prospective buyers and traders come together under one roof to stimulate networking and foster growth.

Contact Details:

Tel: +233 24 431 2499
Email: info@imageconsortiumgroup.com

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Event:

Kenya Homes Expo

Date:

10 to 13 October 2019

Event Location:

Kenyatta International Convention Centre, Nairobi, Kenya

Event Description:

The Kenya Homes Expo is the region’s biggest homes show. Targeting the entire African region with a major focus on East & Central Africa, the Kenya Homes Expo is an experiential platform that creates a level ground for real estate players to converge with a ready market for land, homes, financial advice and general real estate information.

Contact Details:

Tel: +254 20 230 9074
Email: info@kenyahomesexpo.com

Event Details:
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Industry Events: Africa August 2019

Industry Events: Africa August 2019

Event:

Zimbabwe Mining Investment Conference

Date:

01 to 02 August 2019

Event Location:

The Kingdom Hotel, Victoria Falls, Zimbabwe

Event Description:

The Zimbabwe Mining Investment Conference is open for business and it provides the attendees with the opportunity to meet key stakeholders, government officials, corporates and investors. The attendees also get the opportunity to gain information relating to the investment opportunities in gold, platinum, coal, chrome, nickel, copper, lithium, tin, tantalite, iron ore, coal bed methane, natural gas, and much more.

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Event:

Ibadan Sustainable Development Summit

Date:

19 to 21 August 2019

Event Location:

University Of Ibadan, Ibadan, Nigeria

Event Description:

The Annual Ibadan Sustainable Development Summit will cover areas like Clean Energy and Sustainable Infrastructure,Ending Poverty and Narrowing Inequality. This event’s key success story Summit is the breaking of silos and the forging of partnerships among various stakeholders in achieving the SDGs. The success of the SDGs requires partnerships among governments, the academia, the private sector and civil society organisations. Strategic partnerships that are built upon principles and values, shared vision, and shared goals that place people and the planet at the centre are needed at the global, regional, national and local levels.

Contact Details:

Tel: +234 802 325 5741
Email: o.olaniyan@ui.edu.ng; lanreolaniyan@yahoo.co.uk

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Event:

African Real Estate Conference & Awards

Date:

28 August 2019

Event Location:

Landmark Event Centre, Lagos, Nigeria

Event Description:

The African Real Estate Conference & Awards is the foremost gathering of the industry’s finest minds, top-level business leaders and decision-makers. At the conference & awards, industry experts, leaders & government authorities will share major insights concerning the African real estate market, as well as proffer solutions to these issues. The Africa Real Estate Awards finalists will also be announced and recognized before speakers, delegates, media & participating organizations across the globe. Join 800+ delegates from real estate, design, architecture, finance, thought leaders, trend setters to refresh thinking, exchange ideas and connect with other stakeholders & decision makers.

Contact Details:

Tel: +234 (0)700 777 7777
Email: info@LandmarkLagos.com

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Event:

Mega Clima East Africa

Date:

28 to 29 August 2019

Event Location:

Kenyatta International Convention Centre, Nairobi, Kenya

Event Description:

The three-day annual shows, considered as their own region’s largest industry platform. Manufacturers, distributors and many other brands have already reserved their places at the show, with many companies expecting to unveil all-new HVACR products and latest technology.

Contact Details:

Tel: +90 212 273 18 18
Email: info@elanexpo.net

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Event:

Egypt Property & Investment Show

Date:

28 to 31 August 2019

Event Location:

Egypt International Exhibition Center, Cairo, Egypt

Event Description:

After the huge success of EPIS in it’s first round, it’s time to break the expectation in it’s second round. The event will bring you the latest Real Estate projects in Egypt, under the sponsorship of the Ministry of Housing, Utilities & Urban Communities, Etisalat Misr, QNB Bank, Uber, OLX and Automobile.

Contact Details:

Tel: (+2) 0122 332 9450
Email: enaba1963@hotmail.com

Event Details:
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Project Infographic: Mining – Africa

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Featured Project: Khoemacau Copper Project – Botswana

posted in: Featured Project 2

Description
The renamed Khoemacau Project is located in the centre of the Kalahari Copper Belt in North-Western Botswana. The Ghanzi property covers 2 149m² and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70km. KCM plans to build an underground mine at Khoemacau’s high-grade Zone 5 deposit. The Zone 5 resource contains 100 million tonnes of ore at 2% coppe and 20g/t silver and remains open at depth. The Zone 5 underground mine will be accessed through 3 declines and will use a highly mechanised, low-cost sub-level open stoping mining method. The project’s capital cost is estimated at $350 million, with the underground mine development being the biggest single cost component.

 

Status Region
Awarded Botswana
Category Value
Infrastructure R 100 million+
Industry Timing
Mining 5 years
Sector Class
Private Invited/Negotitated

 

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My journey at Leads 2 Business all started back in September 2014 as a content researcher in the Daily Tenders Africa Department. In March 2018 I was promoted to content researcher in the Private Project department. I am a fun loving, bubbly person and mom to a beautiful baby boy who is the absolute light of my life.

Industry Events: Africa June & July 2019

Industry Events: Africa June & July 2019

Event:

Ghana Mining & Energy Summit

Date:

12 to 14 June 2019

Event Location:

Accra International Conference Center, Accra, Ghana

Event Description:

The Ghana Mining & Energy Summit is themed as Harnessing Mining and Energy Potential to Accelerate National Development and it will bring together experts and stakeholders from the Mining and Energy industries for stimulating interactions on the theme, unveil opportunities and highlight new guidelines for participation in the entire Local content value-chain, deliver focused sessions on Women in Mining and Corporate Social Responsibility, and much more.

Contact Details:

Tel: +27 (0) 11 023 6701
Email: info@lindiwecorporate.com

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Event:

Egypts Skyscrapers Conference

Date:

19 to 20 June 2019

Event Location:

Al Manara International Conference, Cairo, Egypt

Event Description:

ESC, the first conference in Africa on skyscrapers, under the title “Egypt enters the era of skyscrapers”, the conference will discuss several key themes, including the largest tower in Africa to be built in the new administrative capital, the 20-tower business, and finance hub, and the new technologies used to design and construct such buildings.

Contact Details:

Tel: +2 02 22703584
Email: info@skyscraperegypt.com

Event Details:
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Event:

Africa Mini Grids Summit

Date:

24 to 28 June 2019

Event Location:

Movenpick Ambassador Hotel Accra, Accra, Ghana

Event Description:

Mini Grids have been identified as a key platform to address critical electrification shortages in Africa. Creating successful mini grid ecosystems beyond pilot projects are now the focus of African governments facing severe shortages especially for their off-grid populations. Tanzania, Kenya, Uganda and Ghana are just some of the countries with frameworks and supportive policies indicating desire to expand energy access through mini grids.

Event Details:
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Event:

Water Africa and West Africa Building & Construction Ghana

Date:

26 to 28 June 2019

Event Location:

Kempinski Hotel Gold Coast City Accra, Accra, Ghana

Event Description:

Participation in Water Africa and West Africa Building & Construction Ghana will ensure that exhibitors reach the key decision-makers from the Ghanaian Ministries, contractors and consultants, engineers, architects, planners, suppliers, NGOs, investors and developers involved in both sectors. West Africa Building & Construction Exhibitors will be showing the latest equipment and services in the field of civil engineering construction, building for commercial and industrial use as well as social housing. Water Africa Exhibitors will be showcasing the latest equipment and services in the field of water and wastewater engineering for commercial, industrial use and public use. Exhibitors are invited to take part in the accompanying seminar programmes, which will be run in co-ordination with the Ghanaian Ministries.

Contact Details:

Tel: +44 1902 428766
Email: info@ace-events.com

Event Details:
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Event:

Ceramica West Africa

Date:

27 to 29 June 2019

Event Location:

Landmark Centre, Ikoyi II, Nigeria

Event Description:

Ceramica Expo will welcome the companies in the product lines of Ceramic surfaces, wallpapers, wood flooring, marble, stone, bathroom furnishings, brick, sanitaryware and tile. We expect more than 70 companies from more than 10 countries such as Italy, China, Turkey, Indonesia, Spain, Egypt, Nigeria, India, Russia and U.A.E and 3800 visitors.

Contact Details:

Email: info@ceramicaafrica.com

Event Details:
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Event:

Nigeria BuildExpo Construction & Building Exhibition

Date:

27 to 29 June 2019

Event Location:

Landmark Centre, Lagos, Nigeria

Event Description:

ith key dedicated product groups you can be part of, there is no better time to secure your stand space for 2019! NIGERIA BUILD EXPO has closed for the last edition in Africa with more than 81+ exhibitors from 10 countries as Italy, China, Turkey ,Indonesia, Spain ,Egypt ,Nigeria ,India, Russia and U.A.E and 4200 visitors. Exhibition & Workshop & B2B Meetings.

Contact Details:

Tel: +90 555 721 84 29
Email: tansu@elanexpo.net

Event Details:
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Event:

RoofExpo Africa

Date:

04 to 06 2019

Event Location:

KICC, Nairobi, Kenya

Event Description:

International Trade Exhibition On Residential and Commercial Roofing Construction and Maintenance Industry. Roofexpo Africa, now branched out from Buildexpo Africa, highlights the widest range of the latest technology and products in the roofing construction and maintenance industry. Expogroup has introduced “Roofexpo Africa” to cater to the fastest growing sector within the construction industry. Owing to the rapid growth in housing industry, the roofing market in Kenya is witnessing a high demand for a variety of products, material and technology. Builders and architects are looking to source the best products that can fulfill the need of the large number of projects currently underway and also help meet cost and quality.

Contact Details:

Tel: +971 43050755
Email: feedback@expogr.com

Event Details:
Website

 

 

Event:

BuildExpo Kenya

Date:

04 to 06 July 2019

Event Location:

Kenyatta International Convention Centre, Nairobi, Kenya

Event Description:

The event is one among the biggest construction and modelling exhibition. The event primarily focuses and caters to the construction, building and furniture industry. This event shows product from Bathroom & Kitchen, Building Construction, Lights & Lighting industries. Spread over three days, the mega event is an ideal forum for the international players in the industry to showcase products and services to the ripe African market. Trade visitors from all over East & Central African countries are being invited directly and in collaboration with several regional trade bodies in Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique & Congo. Though Kenya by itself is one of the biggest markets in Africa, major emphasis is being laid upon attracting traders and importers from neighboring countries.

Contact Details:

Tel: +971 43050755
Email: feedback@expogr.com

Event Details:
Website

 

 

Event:

Nigeria Property Expo

Date:

29 to 31 July 2019

Event Location:

Abuja International Conference Centre, Abuja, Nigeria

Event Description:

This event will showcase the best of real estate experts, buyers, sellers, developers, investors, professionals, government authorities and regulatory bodies in the real estate sector. The Expo will provide exhibits, speakers, and a consultation area for one-on-one meetings with clients and an onsite expanded workshop series for small groups. Property sellers and developers will be having booths at the expo to gain, build and strengthen relationships with buyers, investors and other vendors, as they showcase their brand. Nigeria Property Expo is a distinguished event assembled for potential personalities from different circles of Nigeria’s property industry. This summit and expo is put together by Fow World Properties And Real Estate Development Company, a company with first class substance and content that is geared to satisfy the public. The event brings together potential investors from all circle of the Nigerian Housing Industry for a full packed assembly of learning and networking.

Contact Details:

Tel: +234 816 837 703
Email: fowworldproperties@gmail.com

Event Details:
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Projects Infographic: East Africa

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Industry Events: Africa April & May 2019

Event:

Meqasa Home & Property Fair

Date:

06 to 07 Apr 2019

Event Location:

Silver Star Tower, Accra, Ghana

Event Description:

“Amazing property deals you can’t miss!”
The meqasa Home & Property Fair offers property seekers the opportunity to meet with the nation’s top real estate developers, home loan specialists and home improvement vendors to help them find their dream homes, office space and real estate related products and services. There will be various opportunities for attendees to meet new people and identify those leads that are specifically relevant to their businesses.

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Event:

Nigeria Energy Forum

Date:

09 – 10 Apr 2019

Event Location:

Admiralty Conference Centre, Lagos, Nigeria

Event Description:

The Nigeria Energy Forum set to upscale the development of sustainable energy services for all through a capacity building, training and development programme for policymakers, business leaders, energy innovators, professional engineers, industry experts and academics in Nigeria and other African countries.

Contact Details:

Tel: +44 777 458 2543
Email: info@thenef.org

Event Details:

Website
Registration

 

 

 

Event:

East Africa Property Investment Summit

Date:

10 to 11 Apr 2019

Event Location:

Radisson Blu Hotel Nairobi Upper Hill, Nairobi, Kenya

Event Description:

The East Africa Property Investment Summit is a leading property event for the entire region’s real estate market. Driven by passionate professionals, fast-growing economies and exciting projects, the real estate sector provides potential and opportunity for the educated and savvy investor or developer.

Contact Details:

Tel: +27 (11) 250 2260
Email: info@apievents.com

Event Details:

Website
Registration

 

 

 

Event:

Kenya Homes Expo

Date:

11 to 14 Apr 2019

Event Location:

Kenyatta International Convention Centre, Nairobi, Kenya

Event Description:

The Kenya Homes Expo is the region’s biggest homes show. Targeting the entire African region with a major focus on East & Central Africa, the Kenya Homes Expo is an experiential platform that creates a level ground for real estate players to converge with a ready market for land, homes, financial advice and general real estate information. We are the heartbeat of East & Central Africa, the authoritative voice of the real estate market. Exhibitors ranging from landowners, realtors, contractors, landscape artists, to interior design companies and insurers and bankers, we successfully deliver eye-opening and innovative shows for the real estate industry.

Contact Details:

Tel: +254(0)72 522 5650
Email: info@kenyahomesexpo.com

Event Details:

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Event:

BotsReal Property & Infrastructure Forum

Date:

09 May 2019

Event Location:

Peermont, Gaborone International Conference Centre (GICC), Gaborone, Botswana

Event Description:

BotsReal Property & Infrastructure Forum will facilitate the platform for both private and public investors, developers and industry professionals, to network, debate and examine issues and opportunities around the countries property & infrastructure sectors. Through API Events’ regional network, the event will also attract international companies and investors looking for opportunities in Botswana as well as potential partners, suppliers and service providers.

Contact Details:

Tel: +27 (0)11 250 2260
Email: registrations@apievents.com

Event Details:

Website
Registration

 

 

Event:

Mining Investment Conference & Exhibition Botswana

Date:

21 to 22 May 2019

Event Location:

Peermont, Gaborone International Conference Centre (GICC), Gaborone, Botswana

Event Description:

Mining Investment Conference & Exhibition Botswana is a strategic mining conference and exhibition for the leaders of the mining, quarrying and construction materials industries, bringing together attendees from countries.

Contact Details:

Tel: +65 6717 6016
Email: enquiry@spire-events.com

Event Details:

Website
Registration

 

 

 

Event:

Mining Investment West Africa

Date:

28 to 29 May 2019

Event Location:

Swiss Spirit Hotel & Suites Alisa Accra, Accra, Ghana

Event Description:

The Mining Investment West Africa is a strategic mining conference and exhibition for the leaders of the mining, quarrying and construction materials industries, bringing together attendees from countries. Ministers, mining companies, investors and service providers travel from all over Africa, Asia, North America, Europe and Middle East for two days of partnering, networking and business matching. Join us at an invaluable platform to seek new partnerships, new business and new opportunities.

Contact Details:

Tel: +65 6717 6016
Email: enquiry@spire-events.com

Event Details:

Website
Registration

 

 


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