Zambia is a copper-rich African country that just three years ago was the darling of international investors seeking to expand their mineral portfolios. Mining investment - encouraged by privatization of the copper mines in the late 1990s - and the copper price boom that started in late 2008 served to support the sustained economic growth the country had achieved since implementing measures in 2004 to support greater fiscal discipline. Leading multinational mining companies, including Barrick Gold Corp., First Quantum Minerals Ltd. and Glencore PLC, have become major investors in Zambia's mining industry.
Zambia's fortunes have turned, putting it on the path to become the newest "resource curse" story as its economy suffers from the perils of over-dependence on a single commodity and a handful of multinational mining companies. The copper boom is over (at least for now), Glencore has fallen into a cost-cutting crisis, Zambian mines are being shuttered, and the country's currency was the world's worst-performing currency last year. The economic strength of the country's mining industry has also been exacerbated by the Zambian government’s efforts to increase mining royalties, which led to threats of closure and postponed investment by several major mining companies.
(16 June 2021) Africa is the only continent with a fast-growing population, and the only one where the population is expected to continue growing beyond 2050. According to the UN's 2019 World Population Prospects report, in the next 80 years population of Africa will increase by more than three times — from 1.3 billion people in 2020 to 4.2 billion in 2100. In 19 African countries, the population is on track to double in the next 30 years, and in 28 African countries the population is expected to triple by 2100. Nigeria is projected to become the world's third most populous...
Ibrahim Index of African Governance (IIAG) - is comprehensive statistical tool assessing African countries' performance in provision of public goods and services. Consisting of 133 variables derived from 32 independent sources IIAG measures governance performance across 4 pillars: Safety and Rule of Law, Participation and Human Rights, Sustainable Economic Opportunity and Human Development. All-embracing nature of the index makes it fairly the best instrument for setting long-term political, social and economical goals concerning the African region. One of the implications of...
Africa is a continent with 1 billion people, which have an average income about $250 per person in a month. African population is young and fast growing. More then 40% of people are under 14 years old and average annual growth of population is 2.3%. On average, every African women has more than 4 children. Only 16% of population use internet. No more them 64% are provided by water supply and less then 40% of population have sanitation facilities. Life expectancy at birth of average African citizen is only 57 years, from wich 47 years are expected to be а healthy life. 21% of...
In a perfect world, where access to technology and the wealth are equally distributed, the GDP of each country would be proportional to its population. In the real world that relationship exists on average (see the dot charts below) but with significant deviations from the trend. Many developed countries, being relatively less populous than their developing counterparts, have high levels of GDP, while the GDPs of less-developed countries, especially in Africa, are disproportionally low. According to the UN DESA baseline scenario, by the year 2100 Africa will become the world's most...
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