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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
N Africa
Asia
Energy
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