In a new edition of his book 'The Looting Machine,' investigative journalist Tom Burgis explores why resource- rich states are failing their people. They call it the Curse of Riches. Although the African continent is blessed with gold, diamonds, oil, coltan, bauxite, uranium, iron ore and other. Africa is so poor because African governments are negotiating deals with international investors that are replicas of colonial arrangements which arrangements.
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Volunteers and army medics were called in to help at hospitals, and some patients were moved to private medical facilities. Retrieved 28 May The industry is concentrated in two provinces, the Eastern Cape and Gauteng. That article is a lie. Archived from the original on 19 June In a new edition of his book 'The Looting Machine,' investigative journalist Tom Burgis explores why resource- rich states are failing their people. Africa's Billionaires: Forbes ranks Africa's wealthiest businesspeople. On the November Africa Rich List, there were 23 African billionaires worth a combined $ billion. That in turn was down from 28.
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The country's economy is reasonably diversified aryana starr key economic sectors including mining, agriculture and fisheries, vehicle manufacturing and assembly, food processing, clothing and textiles, telecommunication, energy, financial and business servicesreal estate, tourism, transportation, and wholesale and retail trade. The road with Nkandla on should be the richest road — This was pointed out in the last article stating this fact, and subsequently ignored by MyBroadband. Join our newest FREE BusinessTech newsletter today!