GOLD RICH AFRICA

The African continent is ample in natural resources. Some of its 54 countries talk big resources resembling diamonds, sugar, riches, uranium, silver, oil and rock oil. Oil being an invaluable commodity, its production place countries resembling Nigeria and Egypt at the top in terms of Gross Domestic Product (GDP).



Sub-Saharan Africa is strongly dependent on its natural capital even though in aggregate, in per capita terms, or per unit of area, the subcontinent is one of the least resource-rich regions in the world. Natural expedient dominate the structure of wealth in Africa: The portion of natural capital in the continuous’s aggregate wealth is the second meridian in the world after the countries that form the hydrocarbon-rich Gulf Cooperation Council (GCC). Even resource-dejected sub-Saharan Africa, with its relatively low level of natural capital per capita, has a share of natural leading in total riches that is higher than resource-ample mid-gain countries outside Africa. While paradoxical at first allude, it is the consequence of the fact that the contributions of human and physical prominent to total wealth are modest both in funds-rich and resource-poor Africa.



Third on the incline of countries with the most natural resources is Canada. Overall, the country has an estimated $33.2 trillion worth of commodities and the third largest oil precipitate after Venezuela and Saudi Arabia. The commodities that the country owns include trade minerals, such as gypsum, limestone, defense salt, and potash, as well as energy minerals, such as coal and uranium. Metals in Canada include copper, lead, nickel, and zinc, and syrupy metals are riches, platinum and silver. Canada is the guiding supplier of legitimate gas and phosphate and is the third largest exporter of timber.

With the largest holding in the world, the U.S. lays claim to nighly as much gold as the next three countries confederated. It also has one of the highest gold allocations as a pay of its foreign except, second only to Tajikistan, where the metal accounts for more than 88 percent. Donald Trump made headlines recently, claiming “we do not have the gold,” but from what we know, the majority of U.S. gold is held at Fort Knox in Kentucky, with the remainder held at the Philadelphia Mint, Denver Mint, San Francisco Assay Office and West Point Bullion Depository.

10. Tanzania In 2017, according to the IMF, Tanzania’s GDP was $51.725bn. Half of the country’s workforce find employment in the agricultural sector, while the rest are divided between mining, manufacturing, food processing, and telecommunications. The inactive reliance on agriculture makes Tanzania vulnerable to environmental shocks and commodiousness prices. Some of its principal exports are minerals like gold and diamonds, coffee, cotton, herb tea, and tobacco. Tanzania’s tourism is also on the up. Approximately 38 percent of land area is set aside in protected areas for conservation, but are used as game reserves and national parks. The country is also home to Mount Kilimanjaro, attracting the regard of international tourists who want to visit the sleeping giant. 17.5% of 2016’s GDP came from tourism and is anticipated to keep increasing.