Why Are Some African Economies Growing and Others Not? | African Economy | Econ

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As a Kenyan i don't even want my country to find any minerals, we are good as we are, natural resources in Africa are a recipe for disaster. Let us focus on Human resource development and the service industry thats where sustainable wealth is found

Africa needs internal roads and rail and be duty free. Like an African eurozone. Also they need to diversify into manufacturing. Chinese workers get paid way more than African workers. There’s no reason Africans need to consume Chinese goods when they can easily make the same goods.

you neglect to mention that despite south africa's economic growth, it possesses the highest income inequality in the world

Rwanda is not rich. Rwanda is famous. Rwanda is one of the fastest growing economies in the world, but not rich. Rwanda's GDP per capita is ridiculous compared to Kenya and Tanzania, let alone Cote d'Ivoire, Ghana and Cameroon. Rwanda is poor

I don't call an economy rich just because the numbers on the board look fine... its about how the PEOPLE are living. What is the quality of life

I'm from Uruguay. In 2002 Uruguay was a very poor country and near to the bankruptcy. Nowadays Uruguay's GDP per capita is a bit lower than Portugal, which it's a western european country. Uruguay can perfectly offer works and citizen safety

I'm from Madagascar 🇲🇬 not a lot of people are talking about our economic path: called "the Malagasy Paradox" we are the sole peaceful country in the world which dropped in economic terms. Poverty grew up, infrastructure is low, as well as education (despite the fact we had the most modern pre-colonial education system in Subsaharan Africa), and unlike countries who knew atrocities (famine, genocides, wars...) we never knew or knew few of these and it was enough to kill our economy: with that, enforced corruption, insecurity, disasters' impact, predatory elites and a low development on human capital

Most poor countries in Africa are French speaking . Don’t ask me why

As a Kenyan, I say "Kazi mzuri" That was a well-detailed and unbiased review of Africa's economy, definitely learnt a lot from here

it would be better to use income equality is an indicator of how well these countries are performing, diversifying income flow and building a strategy remains the smart way to prepare for the unexpected, stocks are falling and bond yields are rising, but markets fluctuations don't seem convinced, the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $ 300,000 stock portfolio, I want to be clear with the situation in stock prices, housing, and the financial market in general, if there are efficient ways to maximize profits without liquidation due to market fluctuations, I am open to ideas

Morocco and South Africa are the best in Africa, whether economically or politically, and they are also the best in infrastructure

Now, this is an interesting analysis. Thank you, this seems like a fair and nuanced review of Africa's economies.

Why is Burundi’s economy the poorest on earth? Because Burundi has no restraint on state predation. It’s a slash-and-burn economy. In one episode the rulers stole so much money straight out of the central bank that it was no longer possible to cover up the gaping hole. The only solution they found was to set the incriminating records on fire. Whole sections of the bank mysteriously went up in flames! It was spectacular in a sad way.

Brilliant channel. You've earned my sub. As a student of political science, history, economics and population/development...many of the analyses and points raised are illuminating for me. Wishing you further success and growth - from Johannesburg, South Africa.

Its important to note that 14 west Africa countries monitory policies are controlled in France, this countries have to deposit 20$ in every 1$ that is in circulation in france and when things are not working they have to borrow their own money , this is the major reason why they are poor.

First praising Botswana for miraculous growth made possible by nationalization of income from diamond mining and clever redistribution of the profits and then stating that nationalization and socialism is the path to failure and poverty - which one is it now? These 1:1 comparisons with extraction of single characteristic every time really do not paint a complete picture

Because Africa is not a monolith. It’s the same with Europe. Eastern Europe is relatively less developed than Western Europe.

If a complex country like India with so much diversity from religion to culture, languages can grow... I'm sure nothing should stop African countries to develop

Very well explained. The comparisons are really good. I am baffled by the difference between Rwanda and Burundi. Keep up the good work.