Wednesday, July 6, 2022

Black Excellence: 15 African Countries With The Richest Natural Resources

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Africa is considered the poorest continent on Earth but her nations have tried to change the narrative with their natural resources which other non-African countries have come to depend on. When it comes to African countries with the richest natural resources, they are numerous.
From petroleum to gold, copper, diamond, just name it, Africa has it all and she is happy to share. So here are 15 African countries with the richest natural resources;

15. The Democratic Republic of Congo (DRC)
Every mobile phone contains coltan, and the DRC is the world’s largest producer. It is one of the giants producer of diamonds and copper in Africa, with respectively 34 and 13% of the total production of the continent. Finally, its mineral deposits are estimated at $ 24 trillion.

14. Namibia
It has an annual income of which a quarter comes from uranium receipts. Its diverse mining industry is on the rise, with significant sales increasing year on year.

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13. Mozambique
A major player in African aluminum production, with 32% of the total. It also exploits gas and coal.

12. Zambia
The main producer of copper on the continent, it is believed to house between 65 and 77% of the copper supply. The country is able to create jobs for its citizens, thus contributing to the gross domestic product.

11. Niger
Most commonly used in the nuclear power industry for power generation; its uranium represents 44% of the continent’s supply. Its exports represent 40% of the country’s total.

10. The Republic of Guinea
Renowned for the richness of its subsoil, which contains iron, bauxite, diamond, gold, uranium, petroleum, phosphate, and manganese. It alone would cover 95% of the continent’s bauxite production. It has enormous potential estimated at 40 billion proven tonnes of reserves. The quantity exploitation of its quality iron gives a figure of 100 million tons per year.

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9. Cameroon
Africa in miniature, it is endowed with various riches of the soil and the subsoil. It contains oil, nickel, cobalt, manganese (estimated at over 54 million tonnes). Reserves of 200 million tons of rich iron, and 1.2 billion of poor iron, bauxite valued at over one billion tons. The country also has natural forest and agricultural resources such as plantains, cocoa and cotton.

8. Equatorial Guinea
From mining to discovering oil fields, it has been built. The country’s oil boom has dramatically improved the living conditions of its people.

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7. Botswana
The world’s leading producer of diamonds (by value), the majority of which are gem quality. Botswana alone owns 35% of African diamonds. Beside these diamonds, gold, nickel, soda ash and copper are mined there.

6. South Africa
SA is notably number one in the world when it comes to the production of chromium, manganese, platinum, vanadium, vermiculite, and number two in the production of ilmenite, palladium, rutile and zirconium.

5. Ghana
With 15% of the continent’s total gold production, it ranks second behind the Rainbow Nation. Its subsoil is also full of manganese, bauxite, and diamonds. It is also the second largest cocoa producer behind the Ivory Coast.
4. Libya
It has oil reserves estimated at 48 billion barrels. The largest on the continent, ninth in the world. It has the largest recoverable oil shale reserve in the world estimated at 26 billion barrels.

3. Nigeria
Nigeria is the leading producer and exporter of crude oil. Also, it is the fifth Oil Producer in the world in the OPEC (Organization of Petroleum Exporting Countries). Oil thus represents 40% of the country’s gross domestic product.

2. Zimbabwe
It has the second largest platinum deposit in the world when it comes to African countries with the richest natural resources. Its rich lands are 60% made up of ancient rocks, industrial minerals, mineral resources, and base metals.

1. Egypt
Predicted to be one of the most powerful economies by 2030, Egypt owns major gas fields in the Mediterranean. The country is one of the African countries with the richest natural resources and has made structural investments in various sectors, including power generation, and the establishment of numerous industrial zones.
African countries with the richest natural resources
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