Top 20 Richest African countries at the moment – See how the giants have fallen!

2. Egypt

GDP:  $534.1 Billion

Foreign Exchange Reserve: $14, 877 Million

Egypt has enjoyed quite a stable economy and continuous growth since the past quarter-century averaging 4%–5% however, the lack of transparency and freedom has not allowed growth to get to the expected levels. There is still no doubt that Egypt is among the richest countries in Africa with a well-developed energy sector that is based on coal, oil, natural gas, and hydro power.