Wealth Beneath the Soil, Poverty Above: The African Development Paradox
Africa is a continent endowed with vast natural resources, cultural diversity, and an energetic youth population. From gold, diamonds, oil, cobalt , and uranium to fertile agricultural land, Africa holds some of the world’s most valuable commodities. Despite this wealth, the continent has struggled for decades with slow socio-economic development . The challenges are complex rooted in internal governance problems, historical exploitation, and modern geopolitical interests. Africa’s role as a global resource hub cannot be overstated. The Democratic Republic of Congo supplies a significant portion of the world’s cobalt, a critical component in electric car batteries and smartphones, while Nigeria and Angola stand among the continent’s leading oil producers. Ghana and South Africa contribute heavily to global gold production, and Côte d’Ivoire along with Ghana dominate the world’s cocoa supply. Overall, Africa holds an estimated 30 percent of global mineral reserves and possesse...