What is the nature of Africa economy?
What is the nature of Africa economy?
Africa as a whole has abundant natural resources, but much of its economy has remained predominantly agricultural, and subsistence farming still engages more than 60 percent of the population.
What is Africa’s main economic activity?
Climatic factors greatly influence Africa’s agriculture, which is considered the continent’s single most important economic activity. Agriculture employs two-thirds of the continent’s working population and contributes 20 to 60 percent of every country’s gross domestic product (GDP).
What are the 4 most significant geographic features of Africa?
What are the main physical features of Africa? The dominant physical features of Africa are the Nile River, Mount Kilimanjaro, Victoria Falls, Lake Victoria, and the Sahara Desert. The Nile River is the longest river on the planet. The highest mountain peak in Africa is Mount Kilimanjaro.
What are the 3 major geographic features in Africa?
Africa has eight major physical regions: the Sahara, the Sahel, the Ethiopian Highlands, the savanna, the Swahili Coast, the rain forest, the African Great Lakes, and Southern Africa.
What is Africa’s geography?
Africa is the most tropical of all continents. Climate and vegetation range from equatorial rainforests, tropical deserts and savanna grassland to Mediterranean. The Sahara Desert, the largest of its kind anywhere in the world, is over 10.4 million km2 n North to south is approx. 1800 kms and east-west is 5600km.
What are the biggest economies in Africa?
List of African countries by GDP (nominal)
| Rank | Country | Nominal GDP (Billion US$) |
|---|---|---|
| 1 | Nigeria | 510.588 |
| 2 | Egypt | 435.621 |
| 3 | South Africa | 426.166 |
| 4 | Algeria | 193.601 |
What resources are important to the economies of Africa?
Africa has a large quantity of natural resources, including diamonds, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum, and cocoa beans, but also tropical timber and tropical fruit…… Recently discovered oil reserves have increased the importance of the commodity on African economies.
What is the geography of Africa?
What are the major natural resources of Africa?
The largest reserves of cobalt, diamonds, platinum and uranium in the world are in Africa. It holds 65 per cent of the world’s arable land and ten percent of the planet’s internal renewable fresh water source. In most African countries, natural capital accounts for between 30 percent and 50 percent of total wealth.
How did the geography of Africa affect its development?
The geography of Africa helped to shape the history and development of the culture and civilizations of Ancient Africa. The geography impacted where people could live, important trade resources such as gold and salt, and trade routes that helped different civilizations to interact and develop.
What is the most economically developed country in Africa?
The island country of Mauritius is Africa’s most developed country with an HDI of . 804, which just clears the “very high human development” threshold. Mauritius boasts a life expectancy of 75 years and a literacy rate of 91.3%, and is known for its advanced economy and free heath care and schooling.
Which city has the largest economy in Africa?
Johannesburg Founded in the Witwatersrand Gold Rush of 1886, this is the wealthiest city in Africa. Most of Johannesburg’s wealth is concentrated in Sandton, home to the JSE (the largest stock market in Africa) and the head offices of most of Africa’s largest banks and corporates.
