Top 5 Richest African Countries With Abundant Natural Resources

TOP 5 AFRICAN COUNTRIES WITH NATURAL RESOURCES

WHAT ARE NATURAL RESOURCES?
Any substance, organism, medium, or object present in nature without human action and which in most cases is used to meet human, animal, or plant needs is termed to be a natural resource.

Considering the fast increase of human population, and the relentless ecological footprint growth, the sustainable management of natural resources has become a major issue. Africa is made up of the most divergent and converging countries with respect to their wealth of soil and subsoil. How to understand that Africa is not the richest continent in the world?

This paradox is also remarkable on the continent because the country's richest in natural resources are also the poorest economically speaking, except for a few.

In this episode of Mantis Eye, we highlight Top 5 African countries with Natural resources.
BELOW ARE THE TOP 5 AFRICAN COUNTRIES WITH NATURAL RESOURCES
1. Nigeria
The 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.

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

3. South Africa
It is a nation with huge, diverse mineral potential. It is notably world number one in the production of chromium, manganese, platinum, vanadium, vermiculite, and number two in the production of ilmenite, palladium, rutile, and zirconium.

4. 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' producers 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.

5. 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.