Why Are Some African Economies Growing and Others Not? | African Economy | Econ

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As a Kenyan i don't even want my country to find any minerals, we are good as we are, natural resources in Africa are a recipe for disaster. Let us focus on Human resource development and the service industry thats where sustainable wealth is found

Rwanda is not rich. Rwanda is famous. Rwanda is one of the fastest growing economies in the world, but not rich. Rwanda's GDP per capita is ridiculous compared to Kenya and Tanzania, let alone Cote d'Ivoire, Ghana and Cameroon. Rwanda is poor

Africa needs internal roads and rail and be duty free. Like an African eurozone. Also they need to diversify into manufacturing. Chinese workers get paid way more than African workers. There’s no reason Africans need to consume Chinese goods when they can easily make the same goods.

you neglect to mention that despite south africa's economic growth, it possesses the highest income inequality in the world

I don't call an economy rich just because the numbers on the board look fine... its about how the PEOPLE are living. What is the quality of life

I'm from Uruguay. In 2002 Uruguay was a very poor country and near to the bankruptcy. Nowadays Uruguay's GDP per capita is a bit lower than Portugal, which it's a western european country. Uruguay can perfectly offer works and citizen safety

Most poor countries in Africa are French speaking . Don’t ask me why

I'm from Madagascar 🇲🇬 not a lot of people are talking about our economic path: called "the Malagasy Paradox" we are the sole peaceful country in the world which dropped in economic terms. Poverty grew up, infrastructure is low, as well as education (despite the fact we had the most modern pre-colonial education system in Subsaharan Africa), and unlike countries who knew atrocities (famine, genocides, wars...) we never knew or knew few of these and it was enough to kill our economy: with that, enforced corruption, insecurity, disasters' impact, predatory elites and a low development on human capital

Now, this is an interesting analysis. Thank you, this seems like a fair and nuanced review of Africa's economies.

As a Kenyan, I say "Kazi mzuri" That was a well-detailed and unbiased review of Africa's economy, definitely learnt a lot from here

Brilliant channel. You've earned my sub. As a student of political science, history, economics and population/development...many of the analyses and points raised are illuminating for me. Wishing you further success and growth - from Johannesburg, South Africa.

Morocco and South Africa are the best in Africa, whether economically or politically, and they are also the best in infrastructure

it would be better to use income equality is an indicator of how well these countries are performing, diversifying income flow and building a strategy remains the smart way to prepare for the unexpected, stocks are falling and bond yields are rising, but markets fluctuations don't seem convinced, the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $ 300,000 stock portfolio, I want to be clear with the situation in stock prices, housing, and the financial market in general, if there are efficient ways to maximize profits without liquidation due to market fluctuations, I am open to ideas

Very well explained. The comparisons are really good. I am baffled by the difference between Rwanda and Burundi. Keep up the good work.

As an african, it's good you gave this analysis and a good explanation 👏🏾

First praising Botswana for miraculous growth made possible by nationalization of income from diamond mining and clever redistribution of the profits and then stating that nationalization and socialism is the path to failure and poverty - which one is it now? These 1:1 comparisons with extraction of single characteristic every time really do not paint a complete picture

Its important to note that 14 west Africa countries monitory policies are controlled in France, this countries have to deposit 20$ in every 1$ that is in circulation in france and when things are not working they have to borrow their own money , this is the major reason why they are poor.

No doubt that corruption is a major factor for slow economic growth in Zimbabwe. You completely ignored the fact that long standing economic sanctions imposed on the country by the West are also a major factor in hindering economic growth for Zimbabwe. Correct me if I am wrong, but Botswana never had to fight a war for independence and never had sanctions imposed on it like Zimbabwe, these two facts alone would account for much of the difference. Zimbabwe ran into difficulties because it has taken it's destiny into it's own hands rather than allow the West to determine the level of development it can achieve.

This is very informative video, everyone must watch the video. Thanks for sharing the vedio