No Need to Dig: Many of Africa’s Fastest-growing Economies Have Not Relied on Oil or Mining

Nov 2, 2013 | The Economist
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AFRICA is a continent rich in minerals and oil. China has an economy that requires them in abundance. Since the mid-1990s the economy of sub-Saharan Africa has grown by an average of 5% a year. At the start of this period Africa’s trade with China was negligible. It is now worth around $200 billion a year. Most of Africa’s exports are raw materials. China sends manufactured goods back in return.