Being a continent with numerous third world countries, Africa needs to keep up obviously. The slow progress in Africa’s economy is attributed to the unfavourable weather/climate conditions that greatly affect their agriculture. The result is then a domino effect. One problem to Africa’s poverty is the ever present corruption. Countries like Kenya of Nigeria have corruption as an almost natural thing. But one spark is the majority of North Africa is looking good economically than South Africa. But South Africa has its aces too, like Johannesburg and Port Cape Town.
Africa’s Poverty Problem
August 1st, 2010The Bane of African Economy
July 19th, 2010Africa, the cradle of life, is the world’s second largest continent. It has good and rich natural resources only if the weather would be favourable to it. However, the unfavourable climate conditions are Africa’s adversity. The scorching heat causes Africa’s natural resources to diminish. Along with the problem in cultivating agriculture, Africa also has corruption issues – like the continuous use of bribe in Nigeria, for instance. Other issues include illiteracy, disease, and other famine rooted issues. All this contribute to Africa’s slow advancement in economy.
African Country’s Economy Boon
June 22nd, 2010The so called cradle of life, or simply known as Africa, is the world’s second largest continent. However, large as it may be, the climate just is not going their (Africa’s) way. The scorching hot temperature is not favourable for Africa’s agriculture. The heat causes water scarcity, gives the animal less water source and causing them to be thinner. A plant does not get proper nourishment because of to much heat – all this contribute to Africa’s economic trouble. However, the richness in Africa’s mining resources helps them compensate for this. It slowly makes them rise above, economically speaking.
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Boon for the African economy
May 29th, 2010Since Africa is short of water, agricultural plants and cattle, the economy of African nations still is very backward. But they have discovered a way to improve this situation as the process of mining has turned out to be very fruitful. The economy of African countries is sure to benefit from extracting and exporting the metals found beneath the ground.
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Better economic conditions
May 5th, 2010In the 21st century the economic scenario has drastically improved for the better than what it was ever before. Many of the nations are now producing sufficient food grains for themselves and the number of deaths due to starvation, famines and droughts has also come down. But the economy of African countries still has to go a long way to at least match the standards of other continents, if they have to beat them some day.
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Impact of technology on African economy
March 27th, 2010Government of Africa has planned a lot in the development of science and technology in the session 2009-2011. The foundation has been laid in environmental growth, development in the infrastructure and internet economy. Touching the sky in the field of science and development has now become the aim of the African countries and their goals are clear from the efforts being made by them. The impact of technology is expected to be fruitful for the African economy.
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Bane to African economy
March 12th, 2010Though this continent is enriched with more than sufficient natural resources yet it falls under the category of under developed ones. All this is because of the increasing life taking diseases, high levels of illiteracy, corrupt governmental organizations, increased poverty, lack of investment and economical support to maintain a standard of life. All these are a bane to African economy.
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MINING-A BOON FOR GROWTH
February 1st, 2010Mining investments by the people of Africa are expected to post a great growth for its economy. Many countries are going to affect the economic stats of the African countries and the major ones none other than China and India. With the improving charts and rise of investment shares the continent has developed a sense of confidence in the minds of the investors.
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AFRICAN ECONOMY ON A RISE
January 13th, 2010Even thought the second largest continent of the world Africa has been facing nature’s not so healthy hand on it still the economy seems to have taken a rise over the past many years. Africans have been suffering with disease and famine but the last two decades have registered a work growth in them. The past five years have been marking a steady increase in the production outputs of central Africa with 2004 being the year of more than 5 percent increase in the economy even though Darfur was hit by upheaval.
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Poverty In Africa
October 26th, 2009Large areas of Africa have the world’s lowest income class, with less than a gross national income of $765 per person per year. The lowest gross national income is seen in Ethiopia, reaching only $90 per person per year. Even areas in Africa considered middle income zones see vast quantities of their population still living in poverty. North Africa is better off economically than South Africa due it’s stability in trade and tourism.
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