Wake up Call - Coming economic Boom of Africa

WAKE UP AFRICA!! This is your turn now.  Africagate.com believes that Africa is the HOT area for coming years where the investors would flock. Africa would mean real long term profits for savvy investors.

 Africa is the pooorest of all continents. One feels almost tired of hearing this phrase almost without exceptions. Africa is NOT poor. It has some poor people who have been made to live poorly for the selfishness, greed and high corruption level of its so called leaders who are nothing but looters. From North Africa to South and West, it is all a chaotic picture of total exploitation. From the neo-socialistic economies to almost free economies, the corruption is rampant and everything is made possible to keep the information gap widest possible, to get to attract donors and almost all of these donations and aid end up in Swiss banks. Go to Geneva or Zug and see the wealth of Africans. With 20% of capital amassed in Swiss and offshore accounts, if invested properly within a year, Africa will boom. The agriculture itself can boost most of the local economies, and there is a huge potential for small industries, tourism and services.

 Africa is a rich place. The evil and colonialistic view of Europeans and their continual exploitation of Africa is pathetic and disgusting. The richer Arabs of Gulf could invest in North Africa and Black Africans of the United States can invest in East and West Africa. Nobody else would invest except Chinese who simply want to control and colonize anywhere they could.
To make the investments easier, the governments must make it simple and remove all those billion nonsensical laws and bureaucratic nightmares. Simple things like Visas should be granted instantly upon arrival to all business visitors.
WAKE UP AFRICA!! This is your turn now. Africagate.com will do its best to project the best of African economy and business to the world. We will provide information and access to the businesses in Africa.

The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. As of July 2005, approximately 887 million people were living in 54 different states. Africa is by far the world's poorest inhabited continent, and it is, on average, poorer than it was 25 years ago. Of the 175 countries reviewed in the United Nations' Human Development Report 2003, 25 African nations ranked lowest.

Africa's current poverty is rooted, in part, in its history. The transition from colonialism has been shaky and uncertain. Since mid-20th century the Cold War and increased corruption and despotism have contributed to Africa's poor economy. While China and India have grown rapidly and Latin America has experienced moderate growth, lifting millions above subsistence living, Africa has stagnated and even regressed in terms of foreign trade, investment, and per capita income. This poverty has widespread effects, including low life expectancy, violence, and instability, which in turn perpetuate the continent's poverty. Over the decades, attempts to improve the economy of Africa have met with little success.

National GDP per capita ranges from wealthier states in the north and south to poorer states in the east. These figures from the 2002 World Bank are converted to US dollars.

uring 2003 unless otherwise stated Population:  887 million (14%)
GDP (PPP):  US$1.635 trillion
GDP (Currency):  $558 billion
GDP/capita (PPP):  $1,968
GDP/capita (Currency):  $671
Annual growth in
per capita GDP:  5.16% (2004-2006)
Income of top 10%:  44.7%
Millionaires:  0.1 million (0.01%)
Population living
on under $1 per day:  36.2%
External debt as
a percent of GDP  60.7% (1998)
External debt payments as
a percent of GDP  4.2%
Foreign aid revenue as
a percent of GDP  3.2% (2001)
Estimated female
income  51.8% of male
Numbers from the UNDP and AfDB. Most numbers exclude some countries for lack of information. Since these tend to be the poorest nations, these numbers tend to have an upwards bias. Numbers are mostly from 2002.

While no African nation is wealthy enough to join the ranks of the developed nations in the Organisation for Economic Co-operation and Development (OECD), the entire continent is not utterly impoverished and there is considerable variation in its wealth. Arab North Africa has long been closely linked to the economies of Europe and the Middle East. South Africa is by far the continent's wealthiest state, both in GDP per capita and in total GDP, and its neighbours have shared in this wealth. The small but oil-rich states of Gabon and Equatorial Guinea round out the list of the ten wealthiest states in Africa.

West Africa, with its long pre-colonial history of trade and development, has tended to be wealthier and more stable than the continental average. Island nations such as the Seychelles, Cape Verde, and Mauritius, have remained wealthier than the continental nations, although the unstable Comoros remain poor.

The poorest states are those engaged in or just emerging from civil wars. These include the Democratic Republic of the Congo, Sierra Leone, Burundi, and Somalia. In recent times the poorest region has been the Horn of Africa, although it had historically been one of the wealthiest regions of sub-Saharan Africa. Ethiopia in particular had a long and successful history. The current poverty of the region, and the associated famines and wars, have been a problem for decades.

There is considerable internal variation within countries. Urban areas, especially capital cities, are generally wealthier than rural zones. Inequality is pronounced in most African countries; an upper class has a much higher income than the majority of the population.