Highest Paying Countries in Africa
Where to Find the Highest Paying Countries in Africa
Where to Find the Highest Paying Countries in Africa
Africa is a continent growing in potential and possibility every day. Many of its employees can find great success. However, a large part of that success is dependent on the situation of a particular country. There are a variety of factors that affect the situation of a country. Some of these factors include security, cost of living, economic growth and inflation, ease of accessing work permits or visas, job promotion prospects, employment income taxation regime, and remuneration benefits among others. Researching these factors is incredibly vital when making the big move from one country to another in search of job opportunities
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Have you ever wondered where you can make the most money in Africa? These are the African countries that have the most money-making potential. This list has been determined based on research into a country’s economic and political stability. The economic and political landscape of a country largely determines its economic growth, job opportunity, and job creation.
Libya:
Libya is an incredibly oil-rich country. It is in the top 10 of the world’s richest oil-producing countries. The country was hit with political and economic distress yet remains a lucrative country for job opportunities. The Oil and Mining Industries are incredibly lucrative. Banking and Finance is also a strong industry in Libya. Furthermore, Libya has a low cost of living. Many of the daily essentials are subsidized, and the rest are affordable. Thus, professionals in Oil, Gas, and Mining should consider Libya.
Morocco:
Morocco is known for its diverse, market-oriented economy. It has been experiencing low inflation and stable economic growth in the last few years. Those working in the top industries enjoy a large paycheck every month. Such industries include Human Resources, Manufacturing, Business and Finance, Tourism and Hospitality, and Banking. The Moroccan government makes much effort to attract foreign workers, including the establishment of free trade zones for greater foreign investment.
Ghana:
Ghana has the highest GDP per capita in the entire West Africa region. Its economy is strong, vibrant and fast-growing. The sectors that uphold its economy include manufacturing, automotive, and ship construction, the exportation of digital technology goods, as well as exporting rich resources like industrial minerals and hydrocarbons. These are the industries where professionals can make the most money. However, its cost of living is moderately high, therefore it is imperative to compare salary vs cost of living before accepting a job in Ghana.
Tanzania:
Tanzania has been experiencing relative political stability and economic growth for many years. The World Bank ranked it among the fastest-growing economies in Sub-Saharan Africa. The highest paying industries in Tanzania include Insurance, Financial Services, and Mining and Quarrying. Highest paying jobs include lawyers, medical doctors, chief executive officers, finance managers, NGO employees, pilots, financial analysts, and oil and gas engineers. However, it has a high cost of living.
Mauritius:
Despite its small island size, Mauritius has a competitive economy. The island is a hub for various key sectors such as tourism, economic processing zones, and financial services. The best industries to work in include the finance, manufacturing, business outsourcing, and tourism sectors.
Namibia:
Namibia is one of the world’s largest uranium producers in the world. Thus, Mining is an incredibly lucrative industry. Other strong industries in Namibia are livestock, farming, and fishing, making the country incredibly agrarian. The best-paying industries in Namibia are Aviation, oil, gas, and mining industries. Beware, this country has a very high cost of living.
South Africa:
South Africa has one of the strongest economies in Africa and attracts professionals from all over the world. This country is the continents mining, industrial, and financial hub. Highest paid professionals are typically lawyers, IT managers, air traffic controllers, software engineers, architects, and petroleum controllers. However, it has a high cost of living.
Zambia:
Zambia experienced rapid economic growth for many years between 2000-2014. Top industries include office administration, banking and finance, healthcare, non-governmental organizations, and agriculture. The country also has a relatively low cost of living compared to other African countries.
Do you work in any of these countries? Let us know your experience in the comments below!
