Burundi is a landlocked country that comes last on our list of richest countries in East Africa. With a GDP of south Sudan is 1715. In Switzerland, German-, French- and Italian-speaking citizens have co-existed peacefully and thrived together for over 800 years. In fact, the country is the leading in Africa in production of palm oil. Similarly, we also covered the richest musicians in Kenya in the current year. Although the number of countries with dollar billionaires in Africa has increased from four to eight over the past decade to 2020, this year there was not even one Kenyan in the list of Africa’s 20 richest men and women. Save my name, email, and website in this browser for the next time I comment. The country has a GDP per Capita of 3,652, and the economy is boosted by strong gold prices. Somalia has the longest coastline on Africa’s mainland, meaning that there is so much potential in shipping and international trade. Human Development Index uses life expectancy ,education , and per-capita income to rank countries. Uganda, the fourth wealthiest country located in East Africa. Other nearby countries are Mozambique, Malawi, Zambia, Rwanda, Burundi, and Congo DR. Tanzania is home to Mount Kilimanjaro, Africa’s highest mountain. The Republic of Namibia came into existence in 1990. Wealth is determined by a country's GDP. 4. 70% of the Eritrean workforce is employed in agriculture. Kenya is also Classified as Lower-middle income economy while the rest of east african countries are classified as least developed countries. In recent decades, India, […] Namibia sits in Southern Africa. A significant quantity of goods consumed here is imported, hence highly priced. With a population of 47,564,296 (2019 census) people ,Kenya has a GDP per capita of $2,010 (nominal, 2019 est.) The country is the third largest economy in sub-Saharan Africa after Nigeria and South Africa. Mike Adenuga ($7.7 billion), Nicky Oppenheimer ($7.7 billion) and Johann Rupert ($6.6 billion) completes the top 5 richest in Africa. Algeria: $15,000 per capita Algeria is the largest country in Africa by land area (919,600 square miles) with a population of more than 40 million people. Top KES Conversion: USD/KES. The business mogul owns Mohammed Enterprises Tanzania Limited (METL), which deals with real estate venture, textile industries, several acres of land for agriculture and transport business. The countries that are close to Kenya are Uganda and Tanzania. The country has a GDP of 2,702 and is one of the fastest-growing economies in the world. It is bordered by Kenya, South Sudan, the Democratic Republic of the Congo, Rwanda, and Tanzania. Subsistence agriculture is highly important in the country; Potatoes, beans, sweet potatoes, cassava, wheat, and maize are important food crops. Not only is Ethiopia one of Africa’s wealthiest countries, it's also steeped in history. If you check all of the countries in East Africa, Kenya has the highest one. EAST AFRICA is a region within Africa that identifies geographically as well as economically. He is also a professional Web developer, SEO expert and a passionate blogger by heart ❤️. This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). This nation with its stable living conditions, an established coffee and tea sector, and rapidly growing agricultural sector is the wealthiest in southeast and central Africa. Home » Blog » Travel » Richest country in east africa 2020. Kenya has abundance of natural resources. Agriculture employs more than 90% of the population, although they are mostly subsistent farmers. Somalia, with the capital Mogadishu, is a country in the Horn of Africa. leading other East African countries. The government’s solid fiscal policy and an accelerated economic growth rate has allowed Botswana to achieve upper middle-income status, a remarkable feat among African nations. First, this poll of the top 10 richest musicians in East Africa lists the wealthiest artists from 2020 to 2021. Tanzania is an East African country located within the African Great Lakes region. Namibia – $11,528. Somalia has a GDP of 888 USD, making it one of the poorest in the world. It has a lot of neighbors: Tanzania, Somalia, Uganda, South Sudan... Well, you are probably more interested in Kenya and why is it in our list? It is neighbors with Uganda, Kenya, Comoro Islands and is exposed to the Indian Ocean to the east. Kenya is also the economic, financial, and transport hub of East Africa. This huge GDP is actually a reality in Nigeria due to the abundance of natural gas and crude oil. Rwanda is one of the smallest countries on the African mainland and is home to 12,374,397 people. Tobacco, tea, sugar, hides and skins, cocoa beans, beans, and even flowers. (adsbygoogle = window.adsbygoogle || []).push({}); Top 10 Richest Countries In East Africa 2021, Djibouti has quite a developed economy; the GDP per capita stands at 5,855 USD making it the richest country in East Africa. Main sectors that contribute to the economy include  agriculture,fishing, manufacturing, tourism and financial services. Kenya GDP per Capita: $4,078. Returns are expected to boost the economy further by 2025 . A big reason for the recent growth of the Eritrean economy is the full-scale production of gold and silver, as well as the production of cement. Eritrea has a landmass of about 117,600 km2 and a population of about 6,081,196. Some of the fastest-growing economies, and also some of the most stable societies in Africa can be found within this region, making it a subject worth studying and for us to know the richest countries in East Africa presently. Kenya is also the economic, financial, and transport hub of East Africa. We want to discover the most economically vibrant and wealthiest countries in East Africa. About 42,729,036 people call Uganda home. Hello and welcome to Technish.co.ke, the largest resource site in kenya . The concentrated efforts there could be some change on the way because the country has petroleum, iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold, and even diamonds. The country is the third largest economy in sub-Saharan Africa after Nigeria and South Africa. Would love your thoughts, please comment. The country with the highest gross domestic product value in Africa is Equatorial Guinea , and the country with the lowest GDP is Somalia. Among these countries, the trio of Tanzania, Kenya, and Uganda are considered the leading giants. With a GDP per capita of $15,000, the country ranks in at 6th although unemployment remains a problem, especially among its youth. Agriculture is the most important sector of Somalia’s economy. The services sector accounts for around 79.7% of the GDP, followed by industry at 17.3%, and agriculture at 3%. Your email address will not be published. Its one of a kind in East africa. Djibouti has quite a developed economy; the GDP per capita stands at 5,855 USD making it the richest country in East Africa. The capital city of kenya, Nairobi, is the financial hub of east africa. In fact, most of the richest musicians in East Africa are also the richest musicians in Uganda.. Further, the list contains a variety of musicians, for example, rappers, singers, as well as vocalists. Kenya is by far the richest country in East Africa. Within the range of economies among the African countries, Kenya shows the tenth highest level of Gross … They produce sorghum, millet, barley, wheat, legumes, vegetables, fruits, sesame, linseed, as well as cattle, sheep, goats, and camels. Figures are given in international dollars according to the International Monetary Fund.. The country has a population of 15,893,219. Tanzania GDP per Capita: $3,652. The country’s neighbors are Sudan, Ethiopia, and Djibouti. This shows the potential power of the Kenyan Shilling. Major companies and organisation in the world are head quatered in Nairobi. Uganda has a GDP per Capita of 2,753. The country’s neighbors are Somalia, Ethiopia, Eritrea, and the Red Sea. We base our rankings on GDP per Capita because that is the metric that most concerns the people directly. Rwanda is a country located in East Africa. Closing On The Wealthiest Countries In East Africa. Other sectors of the economy are tourism, telecommunications, and banking sectors. Egypt was considered to be the richest country in Africa for many years but the revolution that took place in 2011 during the Arab uprising slowed things down. The richest rappers in East Africa own high-end properties, flashy cars, and boast of an executive lifestyle, desired by fans. Dubai: Qatar and UAE are the two richest nations in the Middle East and North Africa (Mena) region, with the average adult owning more than half a million dirhams, according to a new report. It all goes without saying that the music industry in East Africa has tremendously prospered over the past 1-2 decades. Kenya has developed a modern railway system (standard gauge railway) that runs from the port of mombasa to Nairobi. Coffee and tea are the major cash crops that are grown for export. You may also like : USA Vs China: Which Is The Biggest Economy In The World 2020. Ethiopia is a country in East Africa. This is a list of List of Richest Countries In Africa as of 2020.Mauritius, Seychelles, and Equatorial Guinea are the richest countries in Africa according to the latest research. 3. Interestingly, East Africa is home to both one of the fastest-growing economies, and then one of the poorest in the world. 1. Net Worth: $500 Million. The services sector in Kenya is really booming; several of Africa’s largest companies are headquartered in Nairobi. About 12,778,250 people call the country home. The Republic of Djibouti is a country located in the higher part of east Africa, called the Horn of Africa. However, most of the produce is exported without processing. 06 Bishops Road, Social Security House, Block  A, Eastern Wing, 10th Floor, Nairobi. Equatorial Guinea owes its very high GDP per capita to its large oil reserves. The country is landlocked and shares borders with Eritrea, Djibouti, Somalia, and Kenya. The country is a landlocked country. Luxembourg is among the world's richest countries. It is relatively small, covering only around 10,830 square miles. All figures are from the 2017 International Monetary Fund data. With a GDP of 4,078, Kenya is East Africa’s richest country. South Sudan is a country in East-Central Africa. Required fields are marked *. It makes sense, then, that Ethiopia is Africa’s second most populous country. According to statistics provided by the IMF, the Top 10 richest countries in Africa are- based on GDP The apparent powerhouse in East Africa, as far as wealth generation is concerned, is Djibouti, and closely followed by Kenya. The ease of doing business in kenya is staggering and mind-blowing high compaired to other east african countries.The Population below poverty line is lower in kenya compared to the rest of the EA countries. Tanzania is famous for having the highest mountain known as Mount Kilimanjaro and also for its wildlife-rich national parks such as the Serengeti Nation Park. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. South Africa is 24th on the list of world richest countries but remains the Richest African Country with a GDP of 5,700,000,000 and Egypt as 26th in the World and 2nd Richest Country inThe top 10 list of the largest companies in Kenya is created by taking into account each company's latest annual report. For proof, these are the 10 richest countries in Africa listed by World Atlas, which in turn, is using data on GDP per capita from the International Monetary Fund for 2017: 10. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. As a vibrant business tycoon, Mohammed Dewji happens to be the reputable owner of METL (Mohammed Enterprises Tanzania Limited). At 18,146 Int$, Botswana’s GDP per capita makes it the fifth richest country in Africa. The Central African Republic, for example, is the second-poorest country in Africa and has a population of 4.7 million people and a life expectancy of 52.9 years. Eritrea has a GDP of 1,103, which is one of the lowest in the world, but the economy of Eritrea has experienced considerable growth in recent years. With a current GDP that is just slightly below $450 Billion, Nigeria sits firmly as the richest country in the Africa. There is the potential to export hydroelectric power. Cheers! Mohammed Dewji is the richest person in East Africa. Equatorial Guinea used to be under the control of the Spanish before earning their independence in 1968. Mohammed Dewji has built his family business from […] {{The capital city Nairobi was founded in 1899 by the colonial authorities in British East Africa, as a rail depot on the Uganda Railway}}. Although Macau is the wealthiest territory in the world where citizens receive annual cheques from the government, its poverty rate is often reported as high as 10%. 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