Africa Rising

.but from where and from what?

yofi

Africa had 9% of the Worlds oil & gas reserves in 2005% of the
Worlds oil & gas reserves
India
1%

China
2%

Asia
2%

N. American
5%

S. American
8%

Africa
9%

Middle-East
61%
Europe
12%

Gold

Platinum

21% of Global
Production

78% of Global
Production

Diamonds

Nickel

27% of Global
Production

6.5% of Global
Production

Copper

Bauxite (aluminium)

13% of Global
Production

43% of Global
Production

Iron Ore

Uranium

17% of Global
Production

38% of Global
Production

Regional University graduation rates by subject

SSA

N Africa

Asia

Agriculture and our challenges

The EU, United States and a
number of developed
countries in Asia impose
very high import tariffs on
agricultural products.
Additionally subsidies and
support lead to over
production n food especially
proteins and grains
Africa is unable to compete
except in cash crops not
available in developed
countries and even there the
trades are done outside
Africa

Energy

Total lack of Infrastructure in Africa

Petroleum alone accounts for 46.6% of all exports yet our
energy consumption is the lowest per continent. 64 major
new finds in the past 7 years.a promise that is ending up
being a curse
About only 1 in 7 Africans has any electricity at all
Power consumption, at 124 kilowatt hours per capita per
year and falling, is only a tenth of that found elsewhere in the
developing world, barely enough to power one 100-watt light
bulb per person for three hours a day (World Bank report).
Too little too slow yet per capita consumption growing at
4.1% per annum
One American consumes as much electricity as
2 Japanese
6 Mexicans
13 Chinese
31 Indians
128 Bangladeshis
307 Tanzanians
370 Ethiopians

Infrastructure
Infra who?..........
The 48 Sub Saharan countries
(with a population of almost
900 million generate as much
power as Spain with a
population of 45 million
Though telephone subscribers
have increased due to mobile
phones, internet usage is
comparatively very very low
(but doing better than access
to clean water)
Only 30% of Africans live
within 2 kilometres of a all
season road compared to 67%
in developed countries

SO whats up?
Africa needs an estimated US$75 billion a year
to fix its infrastructure problems, US$38 billion
for physical infrastructure and US$37 billion in
operations and maintenance
This approximately equates to 12% of Africas
GDP.
There is a funding gap of US$35 billion a year,
and where are we to get that from?

Crazy enigma
A PERI report indicates that between
1970 and 2010 there was CAPITAL
FIGHT (residual) of over US$814
billion.
This far exceeds official development
assistance of US$659 billion and FDI
US$306 billion over the same period.
Compounded with interest this
exceeds US$1.06 trillion.
Now this exceeds total external
liabilities of US$189 billion (of the
same group)
What does this really tell us????
We are a net creditor to the rest of
the world..and then they give it
back to us as official aid or lend it to
us