Why Is Africa Rich in Resources but Still Poor?
Africa holds more than 30 percent of the world's known mineral reserves, including critical resources for modern industries like cobalt, lithium, rare earths, copper, gold and platinum. Yet the continent remains the world's least industrialised region, with its share of global manufacturing falling from about 3 percent in 1970 to less than 2 percent. This paradoxโwhere natural wealth coexists with widespread povertyโhas been described by economists as the "resource curse."
Aug 24, 2026
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