Published on 16 Sep 2023 on Insider Monkey via Yahoo Finance

10 Best African Stocks To Invest In

In this piece, we will take a look at the ten best African stocks to invest in. If you want to skip our introduction to the African business environment and want to take a look at the top five stocks in this list, then check out 5 Best African Stocks To Invest In.

Africa is one of the largest continents in the world both in terms of its size and its population. However, despite this, decades of colonialism and an inability to achieve lasting peace in the region have also left it among the most impoverished as well. Africa's gross domestic product per capita (GDP per capita) is $2,151 if we assume that the continent's GDP is worth $2.9 trillion and its population is 1.39 billion. This implies that an average African earns roughly the equivalent of the monthly rent of an apartment in an American city in an entire year. Additionally, this is the average figure, which is naturally controverted by the fact that the largest African nations in terms of GDP contribute the most to the GDP so the smallest nations often have a couple of hundred dollars as their GDP per capita.

However, as any astute businessperson and investor is likely to remind you, where there's underdevelopment, there's opportunity. After all, while a vast number of Americans enjoy basic services such as healthcare and medicines, populations in Africa don't. Therefore, for the sharp business people, the under served population in the country offers potential for new business and market growth.