10 Best African Countries for Business

4) Namibia (GDP: $12 billion, Trade Balance: -5.4%)

Mining accounts for 11.5 percent of Namibia’s GDP, but provides more than 50 percent of foreign exchange earnings. The country’s trade balance is -5.4 percent. Namibia is the world’s fourth largest producer of uranium. The nation’s GDP growth is 4.4 percent.


3) Zambia (GDP: $22 billion, Trade Balance: -5.6%)

Privatization of government-owned copper mines in the 1990s relieved the government from covering huge losses generated by the industry and greatly increased copper mining output and profitability. This led to economic growth. Zambia’s GDP growth rate is 6 percent and trade balance is -5.6 percent.


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