What resources were valuable on the continent of Africa?
The continent has 40 percent of the world’s gold and up to 90 percent of its chromium and platinum. The largest reserves of cobalt, diamonds, platinum and uranium in the world are in Africa.
What kind of energy sources does Africa have?
According to estimates presented in early 2016 by Akinwumi Adeesina, President of the African Development Bank (AfDB), African energy production from renewable energy sources would break down as follows: solar (11,000 gigawatts – GW); hydroelectric (350 GW); wind (110 GW) and geothermal (15 GW) 3.
Why is Africa the most important continent in the world?
Africa is also the most centrally located place on earth, not to mention the fact that Africa is the world’s richest continent in terms of mineral resources—with the most arable land and waterpower in the world.
Why are there so many natural resources in Africa?
Even though the world is fueled by commodity consumption, there is so much natural wealth on the continent that a great deal of it is as yet unused – the deposits are so abundant that some of it has yet to be discovered.
Is the African continent the continent of the future?
Is Africa the Continent of the Future? Experts unanimously agree that after years of fairly slow development Africa is now undergoing rapid growth.
What country in Africa has the best economy?
TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS
- 1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 Billion)
- 2 | SOUTH AFRICA (GDP: $358.839 Billion)
- 3 | EGYPT (GDP: $302.256 Billion)
- 4 | ALGERIA (GDP: $172.781 Billion)
- 5 | MOROCCO (GDP: $119,04 Billion)
- 6 | KENYA (GDP: $99,246 Billion)
What are 3 resources in Africa?
Africa is abundant with natural resources, including diamonds, gold, oil, natural gas, uranium, platinum, copper, cobalt, iron, bauxite and cocoa beans.