I just read some days ago about Mozambique, a Southern African country/nation that gained independence from Portugal on 25 th June, 1975, more than fifteen (15) years after Nigeria gained their independence from Britain. Mozambique which has its capital city as Maputo, has an estimated population of 24 million. The country also has a nominal GDP estimated at $11.170 billion. They were colonized by Portugal thereby making their official language Portuguese. Since 2001, Mozambique’s annual average GDP growth has been among the world’s highest. However, the country ranks among the lowest in GDP per capita, human development, measures of inequality and average life expectancy. Religious wise, they have Christians, Muslims and African traditionalists. Delving briefly into Nigeria. Nigeria gained independence from Britain on 1 st October, 1960; presently, with an estimated population of 185 million and a nominal GDP of about $484.895 billion. Nigeria’s official language ...
One of the most important findings of Rand Merchant Bank's (RMB) seventh edition of "Where to invest in Africa 2018" is that the continent could find itself hovering on the brink of disaster if it continues to depend on its current economic fundamentals and does not usher in economic diversification. This will give you an insight of the best countries to invest in now for better International business success. For the very first time, South Africa has fallen from the first place, and Egypt is now Africa's most attractive investment destination. Morocco retained it's third position in the rankings, while Ethiopia, due to its rapid economic growth, has displaced Ghana to take the fourth spot. Kenya still holds the 6th position, and Tanzania comes in at 7th. Rwanda, Africa's fastest-reforming economy is at No. 8. Tunisia is at 9th, and the Ivory coast slipped to 10th position. For the first time, Nigeria didn't make the top ten list. Many A...