Top richest African countries in terms of Natural Resources
1)- Congo DRC🇨🇩
~ it has worth $28 trillion of unexploited natural resources.
~ DRC is rich in minerals, predominantly cobalt and coltan. It has the largest coltan reserve of any country, supplying 80% of the world’s coltan. Coltan is used in the production of tantalum capacitors. Tantalum capacitors are used in almost every kind of electronic device, especially mobile phones. The democratic republic is also the world’s largest supplier of cobalt, producing an estimated 120,000 metric tons that year. To top it all, it is the highest supplier of copper in Africa. In 2021 alone the country generated around 1.88 million metric tons of copper.
2)- South Africa 🇿🇦
~South Africa has one of the most extensive mining industries in the world, mining for resources like platinum, chromium, manganese, gold, diamonds, iron ore, cobalt, and phosphate. The income South Africa generates per year on minerals is approximately $55billion to $125 billion depending on the year. The country also accounts for 4.2% of global gold production, having distributed 100 tons of gold in 2021.
3)- Ghana 🇬🇭
~ Ghana’s wealth is a product of proper resource management. Of these resources, Ghana is most dependent on its arable land and gold reserves. Aptly nicknamed the gold coast, Ghana is the single largest supplier of gold on the entire African continent. Ghana produced around 117 metric tons of gold in 2021. Prior to the global pandemic that affected many businesses, Ghana produced around 140 metric tons of gold on average each year. Ghana makes anywhere around 5$ billion to $7.2 billion annually from gold alone.
4)- Botswana 🇧🇼
~ Botswana is chief export is diamonds, a natural resource of tremendous value. About 80% of its export are diamonds. The total value of its diamond exports in 2021 stood at $3.466 billion. Botswana is currently the second largest producer of diamonds in the world, second only to Russia. Botswana is also rich in nickel, copper, coal.
5)- Zambia 🇿🇲
~Zambia is rich in natural resources, but its chief export is copper. It is the world’s tenth largest copper producer and the second largest copper producer in Africa second only to DRC. It produced 830,000 metric tons of copper in 2022. Other natural minerals can also be found in Zambia including, emerald, and cobalt.
6)- Nigeria 🇳🇬
Almost essential economy of the continent, it 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. It also has other under-exploited natural resources such as gas, coal, gold, and bauxite. Employing 60% of the working population, its agricultural sector also remains under-exploited.
7)- 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)- 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.
9)- 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.
10)- 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.