09/03/2022
How wealthy is Africa, really?
Here's a picture of a fraction of Africa's wealth as curated by
"Buried beneath the surface of Africa is a wealth of hugely valuable and extractable natural resources, making its mining industry one of the most important in the world.
Africa is a major producer of many key mineral commodities, with bountiful reserves of metals and minerals such as gold, diamond, cobalt, bauxite, iron ore, coal, and copper across the continent.
Some of the major mining countries in Africa are Democratic Republic of Congo (DRC), South Africa, Namibia, and Zimbabwe.
It is estimated that Africa houses roughly 30 percent of the known global mineral reserves, and these desirable commodities have been extracted, and often exploited, for centuries.
The continent remains hugely attractive for foreign investment, especially with China, where its outward FDI stock in Africa’s mining industry totaled more than 10 billion U.S. dollars in 2018. As a major manufacturer of electronics, China’s demand for raw materials is great."
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