Introduction Largely driven by the extractive industries, gross domestic product (GDP) growth within certain African economies continues to rank among the world’s highest; the continent possesses 10 percent of the world’s oil reserves, 40 percent of its gold ore, and no less than 95 percent of platinum group metals. Extractive resources account for almost one quarter of Africa’s GDP. About 3.5 billion people live in countries rich in oil, gas or minerals. But all too often these resources have become a source of conflict rather than opportunity. Many of these countries also suffer from poverty, corruption, and conflict stemming from weak governance. Non-renewable mineral resources play a dominant role in 81 countries, which collectively account for a quarter of world GDP, half of the w
Zimbabwe industry's capacity utilisation contracted to 36.4% in 2019 and could fall further if the southern African country's policy direction does not change drastically.
The rapidly spreading coronavirus has wreaked havoc across much of the developed world, yet not a single case has been confirmed so far in Africa - the continent that's least equipped to deal with the epidemic. Health officials are still bracing themselves for the worst.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email firstname.lastname@example.org to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/89670eee-4739-11ea-aeb3-955839e06441 It is not often that what happens in Malawi, a poor tea-producing country of 19m people in southern Africa, shakes a continent. But the constitutional court’s historic decision on Monday to overturn the 2019 “Tipp-Ex election” has done exactly that.
Ministry of Agriculture says desert locust surge 'poses major threat to Somalia's fragile food security situation'.
Judges have overturned last year’s ‘Tipp-Ex election’ in Malawi, making the southern African nation only the second on the continent since Kenya in 2017 to order a rerun of a national vote.
In Cape Town's Phillipi township, one woman is fighting to secure nationality for herself and her child.
At least 31 killed and thousands displaced by heavy rains and flooding in southern African island nation, officials say.
The Horn of Africa has been hit by the worst invasion of desert locusts in 25 years, the UN's Food and Agriculture Organization (FAO) said Friday.
he 1 percent does not have solutions for our system of inequality because they are its primary beneficiaries.