Africa And Their Economy
3 main parts: Agriculture, Minerals, and Natural Gas
Agriculture
Agriculture employs 65 percent of Africa’s labor force and accounts for 32 percent of gross domestic product. The crops that are grown there is rice, cotton, coffee and beans. They also grow a lot of other vegetables and different kinds of fruit. Many of these products are grown in the rural grasslands.
Minerals
The mineral industry in africa is one of the largests in the world. African mining counts for 46% of our worlds diamonds, 5% of our coal, and 21 % of our gold. The Central Africa Mining and Exploration Company (CAMEC) is one of the largest mining companies in Africa and are criticized often for unregulation of the enviormental impact.
Natural Gas
Development of Africa’s unconventional gas resources largely in North Africa and South Africa could substantially add to the potential new supply.
Natural gas development holds tremendous opportunity for Africa, and it can be a strong “prime mover” for broader economic and social development. But those opportunities come with risks and challenges some that are beyond the control of local/regional industry and government, others that although daunting, can be managed, but will need resolute and dedicated attention.
So all of Africas natural gas is important for the future, but what is daunting is the unstable governments that will be controlling some of the worlds oil.
Pictures
Natural gas
east africa
Gold minors
Gold minors in africa
Children
Children in Africa have to work on crops to make money for their families
Conflict
Africa is strickened with Civil wars. Many wars are over controlling oil, like in Somolia. Other conflicts are over diamonds, as in Cote de Ivior. Because of famine and drought it is hard to grown food, which directly influences fighting over good farming land.