Saturday, April 18, 2009

Africa's Economy

Poverty is at the heart of Africa's problembs.This ia an overview of some of the economic challenges facing the continent.
Most of sub-Saharan Africa is in the World Bank's lowest income category of less than $765 gross National Income (GNI) per person per year!
Ethiopia and Burundi are the worst off with just $90 GNI per person.
Even middle income countries like Gabon and Botswana have sizeable section of the population living in poverty.
North Africa generally fares better than sub-Saharan African. Here, the economies are more stable, trade and tourism are relatively high and Aids is less prevalent. Development campaigners have urged that the rules on debt, aid and trade need reforming to help lift the more African nations out of poverty.

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