Africa is a growing continent facing numerous challenges like corruption, poor leadership, political instability and insecurity.
One factor affecting the economy of some countries in Africa is high cost of Governance.
Leading a country is not an easy job therefore it is expected that every leader should be rewarded bountifully but when the economy of the country is failing, poverty level increasing, rapid recession and borrowing has become a culture of the country, it is expected that cost of governance is reduce rapidly.
In Africa, most leaders are rewarded heavily monetary irrespective of the nature of their economy.
Below are the top 10 highest paid Presidents in Africa;
9) President Paul Kagame
Annual Salary: $85,000
Net worth: $500 million
Paul Kagame is the President of Rwanda; he has been in office since 2000. Paul Kagame is a former military leader.
Kagame has served as the Vice President of Rwanda, Minister of Defense in Rwanda and Chairperson of the African Union.
The East African President is paid the sum of $85,000 annually.
8) President Alassane Ouattara
Net worth: $185 Million
Annual Salary: $100,000
Alassane Dramane Ouattara is the residing President of Ivory Coast.
Alassane has been in office since 4 December 2010.
Before becoming the President of Ivory Coast, Alassane was an Economist who worked for Central Bank of West African States and International Monetary Fund.
He is the Former Prime Minister of Ivory Coast, Former Governor General of Central Bank of West African States, Former Minister of the Economy and Finance of Ivory Coast and Former Deputy Director General of the International Monetary Fund.
7) President Denis Nguesso
Annual Salary: $110,000
Denis Sassou Nguesso is the President of the Republic of Congo.
He has been in office since 1997.
Before Denis became President, he has served in the Congolese Army as a Captain, Commander, Colonel and Army General.
Denis Nguesso is paid $110,000 annually, making him the 7th most paid president in Africa.
6) President Hage Geingob
Annual Salary: $111,000
Net Worth: $111 Million
Hage Gottfried Geingob is the President of Namibia.
He was elected in 2015 as the third President of Namibia.
Before Geingob became President, he was the Prime Minister of Namibia under President Hifikepunye Pohamba, he also served as the Minister of Trade and Industry and President of SWAPO party.
He is paid the sum of $111,000 annually.
5) President Azali Assoumani
Annual Salary: $115,000
Net Worth: $5 Million
Azali Assoumani is a notable Comorian politician and President of Comoros since 2016.
He has worked as a Senior Officer in the Comorian Defense Force and as a Colonel and Chief of Staff of the National Army of Development (NAD).
4)President Uhuru Kenyatta
Annual Salary: $132,000
Net Worth: $500 Million
Uhuru Muigai Kenyatta is the President of Kenya.
He is the son of the first President of Kenya, Jomo Kenyatta.
Uhuru Kenyatta is the Former Deputy Prime Minister of Kenya and Former Minister of Finance.
He is paid $132,000 yearly.
3) President Cyril Ramaphosa
Yearly Salary: $272,000
Net Worth: $450 Million
Matamela Cyril Ramaphosa is a businessman and President of South Africa. He became President in 2018.
He is one of the richest men in South Africa.
Before Cyril became President, he served as the Chairperson of the African Union, Secretary General of the African National Congress and Deputy President of the African National Congress.
He is also the President of South Africa ruling party, the African National Congress (ANC).
He is $272,000 annually.
2) King Mohammed VI
Yearly Salary: $460,000
Net Worth: Between $2.1 billion and $5 billion
Mohammed VI is the king of Morocco.
He became King of Morocco when his father died in 1999.
He is the richest king in Africa and the 5th richest king in the world according to Forbes.
1) President Paul Biya
Yearly Salary: $610,000
Net Worth: $200 million
Paul Biya is the President of Cameroon.
He first served as the Prime Minister of Cameroon from 1975 to 1982 and as the President of Cameroon since 1982.
He is paid the sum of $610,000 annually making him the highest paid President in Africa.
Source: Forbes, answersafrica
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