The criteria used is the country’s GDP per capita and the Purchasing Power Parity (PPP). I am pretty sure your perception about Africa as probably poor will change after reading this piece
US-based cloud services provider Akamai has ranked Kenya as the first country in African region with an average connection speed above 10 Mbps that has posted a strong quarterly gain of 43 percent.
Led by Western student organizations such as The Releaf Group, there is no doubt that Nigeria’s high-achieving expat corps in the US and UK will be key to its future success.
“We see the longer term impacts as a continuation of the relative decline of European powers’ influence on the continent that has been a feature of the past decade with increasingly diverse sources of investment from outside Africa,” Devlin notes.
What Moody’s has explicitly demanded of Finance Minister Pravin Gordhan is a cut to the civil service budget – which after last year’s 3-year settlement way above the inflation rate he cannot adjust.