It is clear that a major reason for increased investment and growth in Africa has been the natural resources and Africas attractiveness to emerging economies, particularly China. With at least 10% of the world’s oil and gas reserves, 40% of its gold, and 80% of its chromium and platinum, Africa is well placed to continue to benefit from the wealth beneath its surface and the boom in commodity prices. China’s burgeoning interest in Africa has also had other spillover effects. Asian demand for African commodities improves the terms on which the continent trades.
Posted on: Wed, 05 Mar 2014 00:34:03 +0000
Trending Topics
Recently Viewed Topics
© 2015