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Africa yet to capitalize on commodities’ potential

Posted on 09 April 2013

With 54% of the world’s platinum production, 78% of diamond and 20% of gold output, why should Africa look elsewhere for growth? Reams upon reams of studies tend to focus on the continent’s “resource course”, and the folly of depending on a few commodities, with analysts fretting on the resource sector’s inability to raise the standards of living of the wider population.
But the opposite is happening in Africa, and one report seems to suggest Sub-Saharan African should embrace its natural riches and use it as a weapon to fight poverty, unemployment and general economic lethargy………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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