Africa's mineral wealth hardly denting poverty levels, says world bank african countries rich in oil and minerals has failed to make a significant dent on their poverty levels, according to a. Why natural resources are a curse on developing countries and how to fix it peace, rich deposits of oil and minerals have often brought tyranny, misery, and insecurity to these nations. World geography: africa study they don't have the industrial equipment to develop things with their minerals, so most of their minerals are exported why isn't angola rich because of its vast oil reserves economies in many african countries have shown tremendous growth farmers in ghana have improved their crop production efforts.
The mineral industry of africa is the largest mineral industries in the world africa is the second largest continent, with 30 million km² of land, which implies large quantities of resources for many african countries, mineral exploration and production constitute significant parts of their economies and remain keys to economic growth africa is richly endowed with mineral reserves and. Top 10 african nations with the most mineral deposits africa has always been special because of her naturally endowed and mineral rich soils just like every other continent, africa is blessed with tremendous natural resources and minerals, and in unbelievable measures in certain african countries. So why have so many african countries failed to turn natural riches into benefits for the masses who is to blame for the foreign exploitation, and whose responsibility is it to put things right.
Many african countries have not yet developed their industry enough to add more value to their resources - this takes things like a functioning rule of law, educated work force, infrastructure, capitalism.