Tag: African
Top 10 richest African countries (2023)
One of the world’s most significant continents, in terms of resource control, is Africa. Without a doubt, the African continent houses some of the wealthiest countries in the world. The region’s abundant resources contribute to its relatively high GDP per capita. Despite tremendous riches, many nations in Africa continue to live in abject poverty. By …
10 Benefits of the African Continental Free Trade Area (AfCFTA)
The African Continental Free Trade Area (AfCFTA) is an energetic trade pact to form the world’s largest and astounding free trade area by creating a single market for products and services across African countries. It aims to transform the continent’s economic outlook and provides a market for over 1.3 billion people in Africa. It was …
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10 African countries with the highest minimum wage (2023)
Africa is the second largest continent in the world, in terms of size and population. The continent is nonetheless, classified as the poorest continent in the world. Nonetheless, the African labour market possesses some of the cheapest labour in the world; this occurrence has seen an influx of businesses opening their African branches to serve …
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African Union (AU): Purpose, power, functions and history
The African Union (AU) is a continental organization that was established in 2002 to promote unity and cooperation among African nations. This article will explore the power, purpose, functions, and history of the AU, including its origins and formation, main objectives and functions, decision-making process and governance structure, role in promoting peace and security, and …
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Currencies of African countries
Africa is the second-largest continent in the world and is blessed with an abundance of natural resources. The continent is blessed with oil, diamonds, gold, Cobalt, diamonds, platinum, and uranium. 90% of Chromium and platinum are in Africa. It is a continent of great opportunity. Its economies are growing rapidly and offer immense potential for …
Top 10 African countries with the best education system (2023)
No doubt, education is the bedrock of development in any nation. Top Economists believe that sound education is one of the important things to put in place to alleviate poverty and improve the living standard of people in a country. The World Education Forum ranked about 38 countries in Africa out of 140 countries as …
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10 African countries with the most economic immigration
The movement of people across borders has been a long-standing feature of African societies, with various factors such as political instability, economic opportunities, and social ties driving the phenomenon. In this article, we will explore the top 10 African countries with the most economic immigration and examine the factors behind the influx of international migrants …
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10 African countries with the largest cryptocurrency users
Cryptocurrency is becoming increasingly popular in Africa, as it offers a decentralized and secure means of conducting transactions. Despite regulatory challenges and the lack of proper infrastructure, many African countries are embracing cryptocurrency. In this article, we will explore the top 10 African countries with the largest number of cryptocurrency users. Countries with the largest …
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African Development Bank (AfDB): Purpose, history, functions & power
The African Development Bank (AfDB) is a vital institution that plays an important role in Africa’s economic development. The main goal of the bank, which was founded in 1964, is to promote economic growth and reduce poverty on the continent by financing development projects and programs. In this article, we will look at the AfDB’s …
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