Answer:
- Africa is blessed with a rich bounty of natural resources. The continent holds around 30% of the world's known mineral reserves. These include cobalt, uranium, diamonds and gold, as well as significant oil and gas reserves.
- Over the period 2000 to 2008 resource extraction contributed more that 30 percent of Africa's GDP, while the annual flow of foreign direct has investment into Africa increased from $9 billion to $62 billion.
- Africa has been drawn a little benefit from this mineral wealth and remains one the poorest continents on the globe, with almost fifty per cent of the population living on less than $1.25 per day.
<u>Hope this has helped you !</u>
