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africa wealth

The Wealth of African Nations

Kirk Hamilton's picture

This is a story of three Africas.

One is all too familiar – the declining fortunes of fragile states. Another is less well-known: the growing importance of mineral and energy resources in many African economies. The big story is that, from 1995-2005, many countries in Sub-Saharan Africa grew their total wealth faster than the world average– a major African success story.