10 AFRICAN COUNTRIES WITH THE MOST EXPORTS IN 2023.

 10 biggest exporters in Africa

 In 2021 africa’s exports reached a total of 513.5 billion U.S. dollars. This sum of money is a 19.6% increase over the $429.3 billion for 2017 and a 30.7% increase over the $392.9 billion for 2020. Focusing on global standards, global exports from all nations were $21.513 trillion in 2021. As a result in 2021 it is predicted that 2.4% of the global exports will come from Africa. Over the five year from hapo 2017 exports from all nations climbed faster 22.5% than those from Africa. overall exports increased by 22.9% over the previous year but African exports saw a greater increase of 30.7 percent.

The top five exporting countries from Africa in 2021 were South Africa, Nigeria, Egypt,Algeria and Morocco. That significant group of African shippers produced more than half 557% of the continents total exports in terms of value. Comparing that percentage to the 52.9% share one year earlier, there has been an increase in concentration. Given that there are over 1.4 billion people living in Africa, the $513.5 billion in 2021 exports is nearly $365 per African citizen. The dollar amount is higher than the 2020 per capita average of $275 billion .Africa has one of the largest export industries in the world. stay with us today to find out who are the top exporters in Africa.

10. Ghana, $11.4 billion two .5% share African exports Ghana exports 40.3% of its total economic output through its two ports the 3900 square kilometre Tema harbour and Takoradi harbour, the primary export port of the nation. Precious metals and stones make up the majority of the nations exports. Africa’s top gold producer is Ghana . Exports of diamonds and precious metals totalled $3.5 billion or 34.4% of all exports. Mneral fuels including oil are next in line coming in at $2.6 billion or 25.4% of all exports. cocoa is the third largest export accounting for $2.5 billion in 2017 or 24.4% of total exports.

 9. TUNISIA,  $14.2 billion three-point 1% share in total Tunisia has 16 ports including the port of Tunis stacks less Keira and died in terminal. Electrical machinery and equipment make about $4 billion or 28.4% all exports from Tunisia with $2.2 billion in exports or 15.5% of all commodities clothing and accessories excluding knit or crochet common second place. knit or crochet did garments and accessories are the third largest export ,accounting for 893.3 million dollars or 6.4% of all exports.

 8. Libya, $17.8 billion three-point 8% share with the capital city known as bride of the sea and a seaport that dates to the 6th century BC. Libya’s economy depends heavily on exports oil and other mineral fuels make up its largest export, with the value of $17.2 billion it represents 96.8% of all commodities exported from the nation. Copper exports come in at 87.7 million dollars 0.5% and iron and steel exports come in at a much lower 151.6 million 0.9%.

7. Morocco, $25.6 billion five .5% share the port of al hoceima Casablanca S Avira safi and Tangier are the five ports that make up Morocco. The port of Casablanca is the biggest and most well known. The port of Casablanca 21 million tonnes of electrical machinery which mean up 16.5% of all exports Xbox 1.2 is it total $3.4 billion or 13.3% of all exports fertilisers are third in terms of exports coming in at 2.6 billion dollars 10.1%

6. Egypt, $25.9 billion five .6% share. Egypt is a nation with a total of seven ports but the port of Alexandria is the countries genuine Nile jewel. It is regarded as the primary port for all of egypt’s international trade and is located on the West verge of the Nile Delta between the Mediterranean Sea and Marriott lake. Oil and other mineral fuels account for the greatest portion of exports accounting for $5.1 billion or 19.5% of all exports . Gems and precious metals are in second place accounting for 8.2% of all exports with a two point $1 billion market share. Electrical machinery and equipment exports ranked third in terms of value at $1.7 billion or 6.7% of all exports.

5. Angola, $34.8 billion seven .5% share Angola has four ports with Wanda serving as the largest more than 70% of all Imports and exports from the country are handled in Luanda angola’s capital and largest city, Luanda is also the nation’s most populous and significant city main port in significant industrial, cultural and urban hub . Mineral fuels and oil make up the majority of its exports $32.3 billion or 95.6% of all exports followed by gems and precious metals $1.2 billion or 3.5% and machinery including computers $46.4 million or 3.5% .

4. Algeria, $35.2 billion seven .6% share. There are 12 ports in Algeria, with the port of Algiers serving as the nation’s first ever commercial port . Mineral fuels including oil make up the majority of the nations exported goods with a value of $33.8 billion or 96.1% of all exports with $382.9 million or barely 1.1% of all exports inorganic chemicals are by a considerable margin the second largest export sector. Fertilisers coming third with sales of 327 million or 0.9% of the total.

 3. Nigeria, $44.5 billion 9.6% share the logos port complex in tin can island port in Lagos port deltaport rivers port in Port Harcourt and on port are some of nigeria’s principle ports. Mineral fuels including oil make up 96% of Nigeria’s total exports and are the country’s largest export category with $39.1 billion in exports. ships and boats accounted for 0.6% of all exported commodities, making them the second largest industry . With a total export value of 200 and $38.1 million and a share of 0.6% of all exports , Coco was nigeria’s third largest exporting sector.

 2. Guinea, $62.1 billion thirteen .4% share. Conakry and port camps are are Kenya’s 2 principle ports. The largest of the two ports port conakry has a maximum annual capacity of about 600,000 tubes and a full container storage capacity of about 8000 twos. The nation is the world’s largest reserve holder of boxing and a major exporter of the commodity. Bauxite, aluminium or $990 million and gold $1.54 bibillion. Exxports from Guinea account for almost 85% of all exports from the nanation.Additionally the company exports crude petroleum $41.9 million non fillet frozen fish $43.2 million and patrolling gas $154 million.

 1. South Africa, 88.3 billion dollars 19.1% share. The South African government has highlighted the nations ports and terminals as major economic growth drivers as they are located along one of the busiest international sea routes. There are eight ports there but the port of Durban being the biggest and busiest in sub-Saharan Africa. Gems and precious metals made-up the majority of sa exports in 2017 amounting to $14.9 billion in total or 16.7% of all exports. The republic’s other exports are much higher than those of other African nations with drinks spirits and vinegar ranking as the 10th highest export category accounting for $1.4 billion. At $11.3 billion or slag and ash ranked second in terms of exports, making up 12.6% of all exports . Mineral fuels including oil ranked third in terms of exports with $10.6 billion or 11.8% of all exported items.

40 exporting nations in Africa had an increase in the value of exports between 2020 and 2021. The Central African Republic increased 110.1% sound Tom and principe of 152.4%, Cape Verde of 137.9%, Saint Helena of 196.9%, Libya up 224.4% Gambia increasing 400.2% from 2020 .Thank you so much for reading. For more like this please follow me and share this.

https://youtu.be/qb7P3WKVtng

6 LARGEST PROJECTS IN KENYA TO BE COMPLETED BY PRESIDENT WILLIAM SAMOEI RUTO.

 These are the largest Projects to be completed by President William Samoei. Kenya’s economy is the largest in east and central Africa with an average annual growth rate of 5% over the last eight years despite the global recession. According to the African Development Bank, the Kenyan economy will grow by 5.7% in 2023 one of the fastest rates in the year. Kenya’s economic growth has been impressive in comparison to many other Afwdrican countries over the last decade, this expansion is attributed to increased investment and development in the country as well as robust domestic demand from private consumption in government investment in infrastructure such as power plants ports in social amenities.

As Kenya strives to maintain its position as E africa’s business hub in one of africa’s major economies, infrastructure development is unavoidable. This is due to the importanced of infrastructure in the development of any country.

1. Nairobi Brt project

In 2019 as a strategy to alleviate traffic congestion in the city, the narrow be metropolitan transport authority proposed a bus rapid transit system. Nairobi Brt is a mass transit system with five lines that serves Nairobi city county as well as the neighbouring counties of Kiambuu, kajiado, machakos and Muranga. Because the city is concerned about the environment, the city’s Bureau two buses will be modern and electric with 160 seats .

The buses will operate on dedicated lanes a right of way that will allow them to travel faster than existing fossil fuel buses . The BRT system is expected to provide a dependable safe and comfortable system for city residents as well as an affordable mode of transportation.

2. Nairobi railway city

Narobi railway city is an iconic multi modal Urban Development spread across 425 years. The proposed Nairobi railway city master plan which seeks to expand and decongest the central business district includes a new railway station, a lush golf course close to the upper hill business district, a large open park key heritage sites and industrial zones. The Nairobi central railway station areas for teaching location perfectly positions it to be an iconic nerve centre for nairobi’s multi modal transport system with a world class new central railway station incorporating mixed-use commercial developments such as hotels and intermodal facilities.

 Through the provision of an inclusive new central economic zone, an integrated multi modal hub an iconic urban space, the project is expected to increase nairobi’s revenue base and create a larger central business district. The Nairobi railway city is being developed by the UK firm Atkins global ,which was chosen following a meeting in January 2020 between former Kenyan president Uhuru Kenyatta and former UK Prime Minister Boris Johnson.

3. Tanzania Kenya gas pipeline

Tanzania’s end kenya’s presidents have agreed to expedite the construction of a natural gas pipeline that will increase trade between the two countries lower energy costs and lower country’s production costs. This agreement was reached in October 2022 in Dar es Salaam Tanzania during Kenyan president William ruto’s first visit to Tanzania as head of state. The gas pipeline will transport gas from southern Tanzania where massive natural gas reserves have been discovered to Dar es Salaam via the already existing gas pipeline. The new pipeline will then transport gas from Dar es Salaam and will eventually reach kenya’s capital ciry Nairobi. The 600 kilometre long gas pipeline is expected to cost Kenya more than $1 bibillion.

4. The malindi bagamoyo highway

The malindk bagamoyo Highway also known as the coastline transnational highway connects the cities of malindi and Mombasa in Kenya and tanga and bagamoyo in Tanzania. The road begins in malindi Kenya and travel South from 110 kilometres to Mombasa. This section of the road is officially designated as part of row P8A national trunk Rd the road then continues S for 106 kilometres from the town of lungalunga to the Tanzanian border. The highway which will cost $751 million is expected to improve cross-border trade, tourism, socio economic development and regional integration.

5. Mombasa Nairobi Expressway

Following the completion of feasibility studies, the Kenyan government recently announced that plans for the Mombasa Nairobi Expressway are well underway. The Korean overseas infrastructure and Urban Development corporation conducted feasibility studies for the project , focusing on demand projections, traffic projections and affordability projections. The four lane highway connects Nairobi kenya’s capital city to Mombasa kenya’s largest seaport and second largest city. The 482 kilometre Mombasa Nairobi Expressway begins at gitoro along the Nairobi nakuru highway and continues South East from Toro in Kiambuu County to join the existing Nairobi Mombasa Rd north of konza town.

The high speed road is a key growth driver for improving transportation infrastructure and economic development along kenya’s Nairobi Mombasa corridor, which handles more than 95% of cargo from Mombasa seaport. This Expressway costs more than two dollars 7 billion.

6. Kenya geothermal energy projects

 Kenya is Africa’s largest producer of geothermal energy and the world’s 8th. In six years the East African country increased its output from 100 and 68821 megawatts. Kenya has an estimated geothermal potential of 10,000 megawatts, making it an excellent candidate for geothermal energy development. Kenya’s first geothermal site opened in 1984 in the region of olkario about 150 miles from the country’s capital Nairofi.

Kenya is currently working to expand its 23 sites, only four of which have deep wells while geothermal power plants in olkaria currently have a generation capacity of around 700 megawatts and can power nearby major cities. Geologists hope to more than double their impact by 2025.

I hope you enjoyed reading. Kindly follow me for more like this.

https://youtu.be/th1i5wS4jxw

Business Ideas That Will Make You Instant Millionaire in Africa

 Due to its abundant resources, cutting edge technology and sizable markets, Africa offers a wealth of business opportunities. Over 136,000 millionaires reside on the continent already with South Africa, Egypt and Nigeria leading the pack. Even though young investors and business owners have also been adequately utilising the opportunities that exist. Many of these moving there’s are older. According to the IMS recent World Economic outlook, six of the world’s ten fastest growing economies are in Africa.

Furthermore by 2050 the continents economy could quadruple in size and be worth up to $29 trillion africa’s path to economic prosperity, like that of China and India will produce a slew of big winners and unfortunately a lot of losers. The big difference is that most of the smart entrepreneurs who are currently making a fortune in Africa have a distinct perspective on a continent. Strangely while most people are annoyed and frustrated by these issues, the business people who are transforming Africa and making a fortune are fired up and inspired by them.

The successful African entrepreneurs use their creativity and innovation to tackle complex issues in a way that generates income add jobs and improve the lives of people because they have a unique perspective on problems. Africa is a market that favours people who can solve problems therefore the potential rewards are higher if he can solve larger problems. Recycling waste and scraps is a crucial industry for the future viability of the global economy.

 Additionally governments an organisations dedicated to International Development strongly support recycling investments in Africa. They offer financial support and incentive programmes to encourage recycling investments. Tyre recycling is a highly lucrative business concept for African decision makers particularly as African nations are seeing an increase in the number of cars and trucks for instance, there are more than 12 million cars in Nigeria alone and Kenya records a number over 3 million with tyres having a typical life span about four years.

 The future of this industry looks very lucrative . Investment in waste tyre recycling facilities is made possible by government incentives and funding from International Development organisations. A programme for the collection and recycling of used tyres in Africa is run by the recycling an economic development initiative of South Africa, but other sub-Saharan African nations also offer sustainability grants. In both European and American nations, outsourcing cleaning and security services is a common practise.

African cities are also embracing this trend particularly in Cape Town, Johannesburg, Nairobi , Accra and Dakar. Many businesses prefer to contract with experienced firms to handle their security and janitorial needs. A professional cleaning and security outsourcing business is something African business owners should think about starting. The sophistication of businesses is increasing and mostly internal employees handle key business functions. However cleaning and security tasks are delegated to qualified businesses. Large African cities are currently experiencing this trend.

The cost of labour is reasonable in Africa, and there is little formal training needed for janitorial work. In this region starting a service business is comparatively simple. The lucrative security and janitorial services industry present opportunities for African entrepreneurs. Investors in large cities may want to think about establishing a reputable outsourcing business. If you ever find yourself wondering about a business venture that will assuredly provide profits and returns after investments, food processing and package food manufacturing stand as a viable option ,this business is successful in Africa because it serves as a stopgap to the growing consumer demand for convenience especially in urban areas. Customers who can afford packaged foods are more common in these areas.

So investing in this business will undoubtedly pay off over the past 50 years. Processed food consumption in Africa has increased as more people work outside the home. The opportunity cost the time for women and men has increased leading them to purchase processed food. A fully integrated an operational manufacturing facility that processes raw materials develops unique recipes for product preparation, and then packages the finished product for distribution and sale would be a formidable investment venture. Significant staple crops in sub-Saharan Africa is corn, which takes up nearly 17% of the estimated arable land there.

As a matter of fact, over 300 million people in sub-Saharan Africa rely on corn for food and a living. Paired with wheat, a crop that is vital to global nutrition and is a staple food for an estimated 35% of the world’s population. These crops offer impressive investment venture from agricultural enthusiasts and entrepreneurs in general. Maize and wheat milling is a lucrative business opportunity in sub-Saharan African countries. It is a lucrative business opportunity for many entrepreneurs with the potential to quickly grow into large commercial mills supplying not only domestically but also regionally.

The reason for success in this venture lies in the fact that its raw materials are abundant and reasonably priced on the continent particularly as many African nations already cultivate maize and wheat. Furthermore, because is a staple food for the majority of the continent’s inhabitants, its demand is always very high. This demand is expected to increase in tandem with the rapid growth in population and finally the relative ease and lack of technique required for mill operation eliminate complicated procedures. Running a mill does not necessitate many complicated procedures and factory workers can start using reliable machines after some training.

https://youtu.be/pxOwp7ZiBv4