Many African countries have made significant strides in various areas and have been perceived to have potentials that would shock the world with their remarkable achievements and advancements.
In 2023, these African countries offer great potential to not only surprise the world but also inspire other African nations to pursue progress and development. Let’s dive in to see some of these countries with prospects that will wow the world.
South-Africa – Richemont Luxury Theft
One of the countries with immense potential to shake the world in 2023 is South-Africa. With the country’s thriving technology industry, diversified economy, and industrialization has made the country a look-out for in 2023.
Richemont, a Swiss luxury goods conglomerate, led by South African billionaire, Johann Rupert, is one of the innovations in the country to look out for. Richemont is currently developing a digital platform dubbed Enquirus which can assist law enforcement agencies globally to combat the rampant theft of luxurious watches and jewelry.
The platform, which already has more than 28,000 timepieces and jewelry items registered as lost or stolen offers several features that can enable jewelry owners to report theft or loss with ease. Also, it allows customers to verify the authenticity of the items they intend to purchase by checking whether the product has been flagged as stolen on the platform.
The platform which has already been endorsed by the UK police was developed as a result of several cases of jewelry and watch-related theft.
Transport Innovative Startup – Nairobi
Another country to look out for this year is Kenya. The advent of a transport innovative startup in the capital city of the country, has put the country on the eastern part of Africa on the open.
BasiGo, a transport innovative startup led by Jit Bhattacharya, a Nairobi-based entrepreneur is introducing electric buses to revolutionize the way people travel across the continent, leveraging his extensive expertise in technology.
The company which was established in 2021 is aimed at providing a cost-effective electric alternative to diesel and position East Africa as a global leader in clean, affordable electric bus transit.
BasiGo, which has attracted several investors in and out of the country is not only transforming public transport but also contributing to reducing carbon emissions and creating a cleaner, more sustainable future for Africa and the world.
Nigeria – Dangote Refinery
The completion of Dangote Refinery, which is one of the largest oil refineries in the world, located in Lagos, Nigeria, and owned by Africa’s richest man, Aliko Dangote is expected to have the capacity to refine 650,000 barrels of crude oil per day.
This development has definitely put Nigeria on the global stage. The Refinery is expected to significantly reduce Nigeria’s dependence on imported petroleum products. According to the company’s website, the huge refinery will be able to meet 100% of Nigeria’s refined product needs and will have a surplus available for export.
The company claims that the plant will yield 327,000 barrels per day of gasoline, 244,000 barrels per day of gasoil/diesel, 56,000 barrels per day of jet fuel/kerosene, as well as 290,000 tons per year of propane/LPG when fully operational.
Dangote Refinery has the potential to shake the world by disrupting the global oil market, transforming Nigeria’s economy, and contributing to a more sustainable future.
Algeria – Electric Motors
The country in the northern part of Africa has also shown a great potential in putting Algeria in the global spot.
Cevital Group, a well-diversified manufacturing conglomerate founded by Algerian billionaire Issad Rebrab, has opened a factory to produce electric motors for washing machines.
The facility, known as “WEG Algeria Motors SpA,” will produce between 1 and 1.2 million electric motors for washing machines per year under the framework of the partnership between Cevital and WEG SA, a Brazilian electric motor manufacturer.
The new plant’s electric motors are expected to meet about 83 percent of the country’s needs, while also encouraging the export of electrical appliances to the global markets.
Kenya – Jumba Construction company
Kenya has also made a name for itself through Kagure Wamunyu, a leader in the African transportation and construction space. Due to her wealth of knowledge as head of operations and country manager at Uber, when the company was looking to expand its operations in Kenya.
Wamunyu founded Jumba, a pioneering construction technology. The startup’s cutting-edge B2B platform simplifies the procurement and financing of construction materials in Africa, empowering builders to complete projects with ease.
The company, which was founded in 2022, offers access to affordable financing and top-quality construction materials through revolutionizing the construction industry in Kenya, driving innovation and growth in a sector ripe for expansion and development.
The company is aimed at tackling Kenya’s housing shortage by leveraging the country’s construction industry.