Top 10 African countries to invest in 2016

As the world continues to witness a paradigm shift from business to politics, 2016 ushers a wave of opportunities never imagined.
A look into business in 2015 saw many trends that shaped the world. The migration of over a million people from war torn Syria into Europe was perhaps the biggest highlights of 2015.
The migration no doubt added pressure to the already weak economy of most European countries. Several countries in Europe and America saw their economy contract. Brazil in particular was severely affected by the drop in global price of its commodities such as iron ore. All around the world, countries like Venezuela, Nigeria, Saudi Arabia, Russia and Iraq are beginning to witness a collapse in the economy due to the declining state of crude oil which has hovered to lowly $30 a barrel.
In Africa, the story seems to be different. Nigeria Africa’s biggest economy saw the peaceful transition from a democratic government to another democratic government. In Ghana, Kenya, South Africa businesses seem to be going undisturbed.
According to Herman Warren, Director of ECN (Economic Corporate Network) in Africa, Sub-Saharan Africa’s GDP is expected to grow at 4.5% in 2015, making it the world’s fastest growing economic zone, outpacing Asia’s regional average of 4.3%. Over the next five years, Sub-Saharan Africa’s share of global GDP will more than double.
In this article, we would give a brief discussion on some of best African counties to invest in 2016 based on the Global economic prospect by the World Bank for 2016. Countries such as Nigeria, South Africa and Egypt, though large economies do not feature in this list as they will not record the kind of growth these countries will witness in 2016.
10. Malawi
Malawi may be a small country in Africa but its economic potential is enormous. Investors seeking to invest in the state should look at her vast agricultural endowments. Though it is one of the least developed countries, investors can key into these by building infrastructure.
GDP Projection for 2016: 5.6%
Areas of investment: Agriculture, Industries, Construction
9. Uganda
Uganda has gone through many years of civil war that has greatly destroyed its infrastructure. The present president Yoweri Museveni is trying hard to turn around its economy by implementing far reaching economic policies. It exports a number of goods like coffee, tea, cement clinkers, fish fillets and meats etc.
GDP Projection for 2016:  5.7%
Areas of investment: Agriculture, mineral resources, financial services
8. Burkina Faso
In 2015 according to the World Bank, Burkina Faso grew its economy by over 6%. This is quite huge giving its relatively small population of 17.3 million. Burkina Faso is trying very hard to implement a number of reforms geared toward economic sufficiency. It requires investment in almost all sectors of its economy. It also depends largely on agriculture and solid minerals to generate revenue.
GDP Projection for 2016: 6.2%
Areas of investment: Infrastructure, Agriculture
7. Kenya
Kenya is the biggest economy in East and Central Africa and it offers so many opportunities for investors. Kenya’s economy has been rising steadily since 2012 increasing from 4.5% to 6.0% in 2015. A large number of their populations are into agriculture which is still being done traditionally. It earns huge foreign exchange from export of tea and coffee.
GDP Projection for 2016: 6.60%
Areas of Investment: Agriculture, tourism and services
6. Rwanda
Rwanda is one of the smallest countries found in Central and East Africa. With a population of roughly twelve million, Rwanda possess many economic opportunities for investors. The genocide in 1994 did a lot of harm to the country’s infrastructure. Presently the government is trying to improve her infrastructure. Rwanda’s economy is largely based on agriculture but most of these are subsistence.
GDP Projection for 2016: 7%
Areas of investment: Infrastructure, Commercial Agriculture, Small Scale Industries, Tourism
5. Tanzania
Tanzania is home to Africa’s biggest mountain; the Kilimanjaro and it also possesses a lot of opportunities for investors. Though it is a small economy, it has not stopped it from trading with developed countries like the US, China, South Africa and Switzerland. It was able to weather the depression of 2008 and 2009 to become stronger.
GDP Projection for 2016: 7.10%
Areas of investment: Tourism, Agriculture, Construction
4. Mozambique
Mozambique may rank low in GDP per capita, but its annual average growth rate since 2001 has been among the highest in the world. It biggest trading partner is South Africa but it has also formed strategic partnership with countries like Brazil, Spain and Belgium.
GDP Projection for 2016: 7.30%
Areas of investment: Natural Gas, Agriculture, Coal, Hydropower
3. Sierra Leone
Sierra Leone is a country found in West Africa with a population of over 6 million people. Its capital is Freetown. Sierra Leone fought an 11 years civil war from 1991 to 2002 that destroyed its infrastructure. It is still in a rebuilding phase and concerted efforts are being made by the government to grow the economy. The country is rich in minerals especially diamonds.
GDP Projection for 2016: 8.4%
Areas of investment: Agriculture, Mining, Infrastructure
2. Democratic Republic of Congo
With a landmass of over 2 million sq. km Congo DR. is the second largest countries in Africa by area and the fourth most populous nation in Africa. However, it suffers from economic and political instability. Congo DR is blessed with mineral resources which it trades majorly with China. It is the richest countries in terms of untapped natural resources; hence its economic potential is huge.
GDP Projection for 2016: 8.5%
Areas of investment: Copper, cobalt, diamond
1. Ethiopia
Ethiopia is the second most populous country in Africa after Nigeria. Ethiopia’s potential of becoming a significant player in world economy has been pointed by leading economic houses such as the IMF who stated that it grew its economy faster than any country in the world from 2004 to 2009. It relies mostly on agriculture for its revenue.
GDP Projection for 2016: 10.5%
Areas of investment: Agriculture, manufacturing
It is quite clear to all that African is rising. Out of the 20 fastest growing economies in the world in 2015, nine were from Africa.  With continuous investment backed by sound macroeconomic policies, it wouldn’t be long before Africa takes its place as one of the developed regions in the world.
SHARE
Previous articleThe Ultimate Guide to Calculating Customer Lifetime Value
Next articleThe Beauty of Gratitude
Seyi King is a writer,researcher and tech enthusiast. He writes on trends and ideas permeating the world. He loves to write on business covering technology, entertainment, government, military and interesting subjects bordering man. A keen observer of events and an adept storyteller, he likes to inform his reader while keeping them aroused. He shares his ideas on his blog coffeetimex.com. You can reach Seyi at jostking5@gmail.com