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October 1, 2024

Top 10 countries in Africa where workers earn highest salaries

Top 10 countries in Africa where workers earn highest salaries
By Lawrence Agbo

There are several countries in Africa where workers, particularly salaried employees, are well paid.

Here’s a look at the top 10 African countries where workers earn the best salaries, as a result of the economic conditions and high demand for skilled labour.

Morocco

The first on this list is Morocco, with an average salary of $2,031 due to its diversified economy, strong sectors like tourism, textiles, and mining, and strategic investments in infrastructure. The country got its independence in 1956 and is also focused on creating a favourable environment for foreign investments, which boosts wages in key industries

South Africa

South Africa is the next on our list, with an average salary of $2,026 due to its well-developed financial sector, mining, and manufacturing industries. The country got its independence in 1910 and benefits from being one of the most industrialized countries.

Tunisia

Tunisia has one of Africa’s best healthcare, education, and manufacturing sectors and boosts an average salary of $1,348. It gained its independence in 1956, and its proximity to Europe and efforts in technology and tourism further drive higher wages.

Kenya

Kenya’s growing economy, driven by sectors like agriculture, telecommunications, and fintech, has an average salary of $1,291. Its capital, Nairobi is a major tech hub. Kenya got its independence in 1963.

Algeria

Algeria’s economy is largely based on oil and gas exports and it generates high revenue. The country got its independence in 1962 and has an average salary of $1,273.

Namibia

Namibia got its independence in 1990 and has an average salary of $1,168, The country has a low population and benefits from its mining (particularly diamonds and uranium) and agriculture sectors.

Botswana

Botswana’s diamond mining industry, stable political environment, and efforts in improving its education and healthcare systems are key contributors to its economy and salary structure. The country got its independence in 1966 and has an average salary of $1,000.

Nigeria

Nigeria is currently Africa’s largest oil and gas producer with an average salary of $814. The country gained independence in 1960. Also, its banking and telecommunications industries also offer competitive salaries to skilled professionals.

Ghana

Ghana comes next after Nigeria with an average salary of $748. The country gained its independence in 1957 and is known for its growing oil industry, mining (especially gold), and cocoa exports. Ghana’s push for industrialization and its tech scene also promise further salary growth.

Uganda

Uganda has an average salary of $738 driven by its growing services and agricultural sectors. Uganda got its independence in 1962 and is also making an effort to expand its energy and industrial sector. Though these are averages, bear in mind that they may not accurately reflect economic disparities within each nation.

This article was culled from Business Insider Africa

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