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Facts About African

For the past 10 years, Africa has been the second-fastest-growing
region in the world, with average annual growth of 5.1 per cent,
driven by greater political stability and economic reforms that
opened doors to the private sector in many countries.

The continent has the largest reserves of precious metals with
over 40% of the gold reserves, over 60% of the cobalt,
and 90% of the platinum reserves.

Nigeria is the fourth largest oil exporter in the world, and Africa’s
biggest oil producer with about 2.2 million barrels produced daily.

China is Africa’s top trade partner with Sino-African trade
volumes now nearing $200 billion per year. China’s direct

investment in Africa exceeds $50 billion.

Africa can become the world’s bread basket - Africa has about
60 per cent of the world’s unused cropland, providing it
with a golden opportunity to simultaneously develop its
agricultural sector and reduce unemployment.
On current trends, African agriculture is on course to

create 8 million wage-paying jobs between now and 2020.

Morocco is home to Africa’s largest wind farm, Morocco is also
turning its focus to renewable energy. The Tarfaya wind farm
complex stretches into the Sahara desert and is perhaps the
largest testament of King Mohammed VI’s ambitions for
his country to become a global leader in green energy.

Senegal is launching a high-speed train linked between the new
Blaise Diagne International Airport and central Dakar.

Africa is poised to have the largest labor force in the world.
By 2035, Africa’s labor force will be bigger than that of any
individual country in the world, which offers the continent a

chance to reap a demographic dividend, using its
young and growing workers to boost economic growth.

Poverty is also on the retreat. A new consumer class
has taken its place: since 2000, 31 million African households

have joined the world’s consumer class.

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