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Top 5 most profitable African countries to become a landlord mid-2024

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Top 5 most profitable African countries to become a landlord

Top 5 most profitable – Investment in real estate…

Investment in real estate is primarily driven by the prospect of profitable returns, and this holds true across African countries. Every property owner aims to maximize the income generated from their real estate properties.

Business Insider Africa presents the top 5 most profitable African countries to become a landlord mid-2024.This list is courtesy of Numbeo’s gross rental yield index.South Africa ranks number 1 on this list.

A key indicator of a profitable real estate venture is its Gross Rental Yield, which is the profitability of rental properties.

Gross rental yield is an essential metric for investors, as it assesses the earnings potential of rental real estate.

In Africa, where the real estate markets vary significantly, gross rental yield is especially valuable as investors navigate each country’s unique economic conditions.

The calculation of gross rental yield involves dividing a property’s annual rental income by its purchase price and multiplying the result by 100, resulting in a percentage figure.

DON’T MISS THIS: Top 5 least profitable major cities in Africa to become a landlord mid-2024

This percentage reflects the potential return on investment (ROI) from rental income, excluding costs such as maintenance, taxes, and property management fees.


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A higher gross rental yield is always preferable, as it implies a better ROI for property owners.

Given this, certain African countries stand out as attractive destinations for rental property investments.

This is highlighted in Numbeo’s latest gross rental yield index for the second half of 2024.

It’s worth noting that Numbeo’s index focuses on major economic hubs across the continent rather than on the entire region.

Top 5 most profitable African countries to become a landlord mid-2024

RankCountryGross rental yield city centerGross rental yield outside of centerGlobal rank1.South Africa10.310.24th2.Cameroon8.710.56th3.Kenya7.34.818th4.Egypt6.37.027th5.Ethiopia6.04.432nd
#Top #profitable #African #countries #landlord #mid2024

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NIMC hikes Date of Birth correction fee to N28,574

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NIMC

The cost of correcting the date of birth on the National Identity Management Commission (NIMC) slip has risen to N28,574,

read more NIMC hikes Date of Birth correction fee to N28,574


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Where & How to Buy PlayStation Gift Cards Online in Nigeria 2025

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If you’re a PlayStation user in Nigeria, you already know the struggle. You want to buy a new game, renew your PS Plus, or grab that DLC everyone’s talking about—but then, payment issues show up.

Your bank card doesn’t work.

The platform needs a dollar card. And everything just feels more complicated than it should be. That’s where PlayStation gift cards come in. They’re fast, flexible, and made for situations exactly like this.

In this guide, we’ll break down:

  • What a PlayStation gift card is

  • What you can use it for

  • Where and how to buy one in Nigeria (safely)

  • How to redeem it on your PS5, PS4, or mobile

  • Rates, FAQs, and more

Let’s get into it.

What is a PlayStation Gift Card?

A PlayStation gift card, often called a PSN card, is a prepaid digital card used to add funds to your PlayStation Wallet.

With it, you can:

  • Buy games, add-ons, and in-game content

  • Pay for PlayStation Plus or PlayStation Now

  • Rent or buy movies

  • Purchase themes, avatars, or apps on the PlayStation Store

It’s available in various currencies—like USD, GBP, CAD, etc.—but don’t worry: even from Nigeria, you can redeem and use these cards easily.

What Can You Use a PlayStation Gift Card For?

Once redeemed to your wallet, the balance can be used to:


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  • Download full games (FIFA, GTA, God of War, etc.)

  • Get in-game coins (VC, V-Bucks, FUT points)

  • Purchase DLCs and season passes

  • Subscribe to PlayStation Plus for online multiplayer and free monthly games

  • Watch movies via the PlayStation Store

Basically, anything on the PlayStation Network (PSN) is fair game.

Where to Buy PlayStation Gift Cards Online in Nigeria

So you want to buy a PSN card in Naira? Be careful—Facebook, Telegram, and WhatsApp sellers are risky. Many offer fake or already-used cards.

Use Ridima — a trusted platform where Nigerians buy legit PlayStation gift cards and receive them instantly.

Ridima supports gift cards from:

  • USA (PSN)

  • UK (PlayStation Network)

  • Canada

  • Other top countries

How to Buy PlayStation Gift Card Online in Nigeria (via Ridima)

Here’s the step-by-step:

  1. Download the Ridima App from the Play Store or App Store

  2. Sign up or log in

  3. Tap on “Buy Gift Card”

  4. Choose PlayStation (PSN)

  5. Select the country (e.g. USA, UK)

  6. Choose the card value ($10, $50, $100, etc.)

  7. Choose how you want to pay (bank transfer, wallet, etc.)

  8. Confirm purchase

Once successful, your PSN card code is delivered instantly via email.

How to Redeem a PlayStation Gift Card

You can redeem your PSN card from your console or mobile. Here’s how:

On PS5 or PS4:

  1. Go to Settings

  2. Scroll to Users and Accounts

  3. Select Account > Payments and Subscriptions

  4. Tap Redeem Code

  5. Enter the 12-digit code

  6. Tap Redeem

On Mobile or PC:

  1. Visit store.playstation.com

  2. Sign in to your PSN account

  3. Click your profile > Redeem Code

  4. Enter your gift card code

  5. Click Redeem

Your wallet will be topped up immediately.

How Much is a PlayStation Gift Card in Naira?

It depends on the card country, market demand, and dollar exchange rate.

Here’s a rough estimate:

Card Type

Naira Value (Estimated)

$10 PSN (USA)

₦15,000 – ₦20,000

$50 PSN (USA)

₦80,000 – ₦94,000

£20 PSN (UK)

₦40,000 – ₦50,000

For current rates, use the Ridima Gift Card Calculator.

Can You Sell PlayStation Gift Cards on Ridima?

Yes, you can also sell PSN cards on Ridima and get paid in Naira.

  1. Open Ridima

  2. Tap “Sell Gift Card”

  3. Select PlayStation

  4. Upload the code and details

  5. Get paid after quick verification

Perfect if you were gifted one or just want to cash out.

FAQs About PlayStation Gift Cards in Nigeria

  1. Can I Use a US PlayStation Card in Nigeria?

    Yes! As long as your PlayStation account is registered in the US, you can use a US PSN card from anywhere.

  2. Do PSN Cards Expire?

    No, they don’t expire. Use them whenever you’re ready.

  3. Can I Buy a PSN Gift Card with Naira?

    Yes, Ridima allows you to pay in Naira and get your card instantly.

  4. Are PSN Cards Safe to Buy Online?

    Only if you use a verified platform like Ridima. Avoid black market sellers.

  5. What’s the Minimum Card Value?

    Most platforms (including Ridima) allow you to buy as low as $10.

Conclusion

PlayStation gift cards make your gaming life easier. No bank issues. No payment errors. No stress.

Whether you want to upgrade your console experience, grab the latest game, or simply send someone a gaming gift—PSN cards are the way to go.

And if you’re in Nigeria? Ridima is your most reliable plug.

Download the Ridima App today and start buying PlayStation gift cards instantly—fast, secure, and 100% digital.

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How Ochuko Ojiri ‘unknowingly’ funded terrorists

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What happens when respected art dealer, Ochuko Ojiri , known for his charm on BBC’s Bargain Hunt and Antiques Road

read more How Ochuko Ojiri ‘unknowingly’ funded terrorists


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