biggest threat to Africa’s future Made by Sam, Zacherliar, and Seung Chan (very sophisticated boy)
Jan 16, 2016
Commodities biggest threat to Africa’s future
Made by Sam, Zacherliar, and Seung Chan (very sophisticated boy)
Africa and commodities
• Africa does depend on commodities
• All facilities build with money from natural resources
• commodities are natural resources
• Loads of mining companies in Africa provide a lot
Booms
• Commodity booms
• African people rely on incomes inflated by booms.
• Booms can suddenly stop, very unpredictable
• Mining companies moving is better
• Mines could provide wealth, but they run out, causing poverty
If booms end
• Example: Zimbabwe’s economy and currency crashed, because of unpredictable booms.
• For that, investors stay away fearing nationalization
• Government claims to be empowering nation taking stakes in foreign and white-owned businesses.
Bye bye, hope you enjoyed