Foreign ‘economic aid’ to Africa – By MOHAMED HAMALUDIN
Africa covers 11.73 million square miles or 20 percent of the Earth’s land mass and has 1.2 billion people or 16 percent of all human beings — second only to Asia in both categories — and a GDP of $6.4 trillion, the seventh largest.
The continent also has 30 percent of the planet’s mineral resources, including oil and gas, uranium, cobalt, copper, diamonds, gold and bauxite. Yet, 30 of its 54 countries are among the poorest in the world, due to a history of famine and wars and centuries of occupation by countries including Belgium, Britain, France, Germany, Italy, Portugal and Spain. Continue reading
Africa Set To Become A Massive Free Trade Area – Commentary
From left to right: African Union Chairperson and President of Rwanda, Paul Kagame, President of Niger, Mahamadou Issoufou, and African Union Commission Chairperson, Moussa Faki Mahamat, at the launch of AfCFTA in Kigali in March 2018. Photo credit: Office of President Paul Kagame.
November 23, 2018 – Pride News. CA – By Kingsley Ighobor
UNITED NATIONS, New York November 23, 2018 (IPS) — Following the unveiling of the African Continental Free Trade Agreement in Kigali, Rwanda, in March 2018, Africa is about to become the world’s largest free trade area: 55 countries merging into a single market of 1.2 billion people, with a combined GDP of $2.5 trillion. Continue reading →
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