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Venezuela used to be a very rich country. But (like many African countries), the country focused on the natural resources and abandoned manufacturing and Agricultural. that was its end
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Discover African Countries with the most Natural Resources.
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Top 10 African Countries with The Most Natural Resources
Welcome back to Displore and thanks for watching. In this video we shall take you all around Africa and shinning the light on the African countries with the most natural resources. Africa is the second largest Continent on the Earth’s surface, with a lot of natural resources and minerals, as well as a rich natural-biological potential.Africa has a large quantity of natural resources, including diamond, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum and cocoa beans and also woods and tropical fruits etc.Recent oil reserve discoveries have increased the importanceof that commodity on African economies.For many centuries now, Africa has been ranked first in the world in terms of mineral extraction from a variety of ores both non-ferrous to ferrous metals, diamonds, bauxite and gold. All these have attracted the attention of countries internationally that have been interested in the minerals.Two of the most profitable mineral exports are gold and diamonds. The continent can produce close to 500 tons of gold a year and is responsible for a large percentage of the world's diamonds.It has approximately 30 percent of the earth's remaining mineral resources.
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Natural resources, or commodities, are the raw inputs that are used to manufacture and produce all of the products in the world. These natural resources which include those extracted from the earth and those that have yet to be extracted, are worth trillions of dollars but not every country in Africa has the same amount or type of natural resources. Therefore, in no particular order, here are the top 10 African countries with the most natural resources.
10. Tanzania (Gold, Iron, Nickel, Uranium, oil and Gas, Arable land and ocean)
Tanzania is also very rich in minerals such as gold, diamond, iron, coal, nickel, tanzanite, uranium and natural gas. Recently natural offshore gas deposits have been discovered and as the name of the country implies, Tanzania is the only supplier in the world of the rare gemstone called tanzanite. Except for that, the country also produces gold and is the fourth richest country in Africa in terms of gold. Throughout the decades, the gold mining industry of Tanzania fluctuated. This was happening until the 90s when some famous foreign companies decided to invest in the Tanzanian treasures. Nowadays, they have the standard mines multiplied, to enhance investment and development of their resources. While agriculture is a large contribution to the economy of the country, the gold and tanzanite trade doestoo. Mineral exports really help and boost the Tanzanian economic conditions.
9. Guinea (baurxite, aluninium, iron, diamond, gold, Arable land and ocean)
Guinea has abundant natural resources including 25% or more of the world's known bauxite reserves. Guinea is a clear leader in bauxite potential and export, producing 95% of the entire bauxite production of Africa. Except for Guinea, which produces the natural ingredient for aluminum, all the other countries use the synthetically made product. Guinea possesses over 25 billion tons of bauxite and perhaps up to one-half of the world's reserves. In addition, Guinea's mineral wealth includes more than 4billion tons of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium. Possibilities for investment and commercial activities exist in all these areas, but Guinea's poorly developed infrastructure and rampant corruption continue to present obstacles to large-scale investment projects.
8. Mozambique(Aluninium, coal,iron,oil and gas, steel, gold, gemstone, cement, marbles, Arable land and ocean)
Mozambique possesses considerable quantities of natural resources but contrary to many African countries,Mozambique is still predominantly virgin soil as most natural resources are yet to be explored, including natural gas, coal, mineral sands, hydropower and most likely oil as well.But the most common natural mineral in this country is, without doubt, aluminum. The annual production of it is approximately 580,000 tons, which is a huge number. Consequently, it forms 30% of the country’s exports. Aside aluminum, Mozambique also exports beryllium and tantalum all over the world. Mozambican soil is rich in limestone, cement, marbles, gemstones, coals, iron, gold, oil, gas, and steel. All of these minerals have made the economy of the country more stable and their production has become really active in the past years. In 2010–2011, Ana
Africa is a HUGE continent, and it’s hard for most people to realize just how massive it is. Looking on a map, its size seems pretty unimpressive, and it looks to be a similar size to Greenland, but in reality, the continent is more than 14 times larger.
In fact, Africa is so large that the countries of China, India, Mexico, The United States, and Japan could fit inside it, with plenty of room to spare.
But, it’s land area isn’t the only thing that's massive, because Africa is also home to 1.4 billion people, a massive number which is expected to increase to 4.3 billion by the year 2100.
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South Africa could be on the way to hitting a natural resources jackpot. The Petroleum Agency of South Africa, Pasa, and the Council for Geosciences says studies they have conducted in the Karoo have shown that South Africa has substantial amounts of technically recoverable shale gas resources. The two organisations were briefing the National Assembly's Portfolio Committee on Mineral Resources and Energy. The possible extraction of gas from the Karoo could be a game changer in so far as the country's energy crisis is concerned. Does fracking present a potential solution to South Africa's energy crisis? Or are the risks too high?
To discuss this matter we're now joined on the line by the Chief Executive Officer of the South African upstream oil and gas regulatory authority, Petroleum Agency South Africa, Doctor Phindile Masangane.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
The African continent is famous for its poverty… But many people don’t know the complete reason why Africa is so poor. In this video we will look from the point when African countries were rich and powerful, how over the centuries Africa lost its wealth, and why Africa hasn’t been able to crawl out of it’s poverty while so many other countries and former colonies have.
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SOURCES
https://www.economist.com/brie....fing/2015/08/01/lear
https://www2.deloitte.com/cont....ent/dam/Deloitte/fpc
https://academicjournals.org/a....rticle/article142504
The history of African poverty by numbers: Evidence and vantage points https://www.mortenjerven.com/w....p-content/uploads/20
https://www.asbmb.org/asbmb-to....day/science/020113/g
https://academicjournals.org/a....rticle/article142504
Keith Somerville's 'Africa's Long Road Since Independence'
All articles in this series: https://www.economist.com/spec....ial-report/2020/03/2
Ethnic groups in Africa: https://upload.wikimedia.org/w....ikipedia/commons/1/1
FURTHER READING
https://www2.deloitte.com/cont....ent/dam/Deloitte/fpc
FURTHER WATCHING:
Likely future for Africa: https://www.youtube.com/watch?v=dqRVlGFNn60
Africa before the Scramble: https://www.youtube.com/watch?v=aIcNzN0zmqU
https://www.youtube.com/watch?v=XXFcGj_CsmY
https://www.youtube.com/watch?v=OfTZfJoUb84
Credits
Pictures of Arnaldo Tamayo. Author: Escla - https://creativecommons.org/li....censes/by-sa/4.0/dee
Shaka talks about the natural resources and wealth of Africa and how it needs to be used to make African countries more prosperous.
Top 5 African countries with the most natural resources:
Africa is home to some of the most abundant natural resources in the world. In this video, we will explore the top 5 African countries with the most natural resources. We will discuss the different types of resources that these countries have, and how they are being used to benefit the economy.
Keywords:
top 5 african countries with the most natural resources,
african natural resources,
african mineral resources,
african oil and gas resources,
african renewable energy resources,
african economic development,
african mining industry,
african government policies,
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Africa has hosted many great empires over the ages, but despite having contact with both Europe and Asia, did not keep up technologically (except Wakanda). Here is one possible theory to explain why.
"Tikopia" Kevin MacLeod (incompetech.com)
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A Wake-up call: Western Countries' Exploitation of African Mines and Natural Resources https://youtu.be/EKFdLzAdWs0 #africa #africanews
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An Oxford University economist says Africa's natural resources must first and foremost be about money. Professor Paul Collier of the Centre for the Study of African Economies was speaking at a United Nations gathering...http://owl.li/JFfLc
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5 African Countries With The Most Natural Resources
@ondirooganga reports on the US taking natural resources from African nations.
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Natural resources account for the majority of Africa's wealth. Natural capital accounts for the second-biggest share of the continent's total wealth, after the countries that make up the hydrocarbon-rich Gulf Cooperation Council. Even in terms of natural capital, Sub-Saharan Africa has a bigger percentage of natural capital and total wealth than resource-rich O.E.C.D countries. Africa, in reality, contains the majority of the world's mineral deposits. As a result, there is greater opportunity in the world for natural resource enterprises in Africa. While the continent may not be as wealthy in other ways, it is undeniably fertile and rich in natural mineral resources.
If you love watching African Development content, then you might love watching some of our older videos,
Ongoing Multibillion-Dollar Projects In Africa: https://www.youtube.com/watch?v=7pGNMF-w_9Y
Ongoing Mega Projects In South Africa: https://www.youtube.com/watch?v=wg3M9xmXvqI
Most Impressive Mega Projects In Ghana: https://www.youtube.com/watch?v=jO6LelnI0yA
Best Business Ideas That Will create billionaires in Africa:https://www.youtube.com/watch?v=k0l8bwoq8Gs
Strongest Economies InAfrica: https://www.youtube.com/watch?v=Uf1mBofKwfE
How Morocco Secretly Rules The World: https://youtu.be/BX6HuiQb49A
Dangote's 14 Billion dollar Oil refinery: https://youtu.be/qSaCGHn8Lp0
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Many countries in Africa has the largest reserves of natural resources like
• Diamonds
• Gold
• Oil
• Natural Gas
• Uranium
• platinum
• Copper
• Cobalt
• Iron
• Bauxite
• Tanzanite
Approximately 30% of earth's remaining mineral resources are in Africa.
It is urged that 75% of all the world's diamonds comes from Africa.Now you Know - Episode 3
Ondiro Oganga reports on Nigerian President Bola Tinubu accusing the West of causing chaos in Africa to extract natural resources.
