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Why Africa Remains Poor - 25 reasons

  1. Lack of Vision or Desire from the leaders who have the power to make changes.

  2. Traditional frame of mind and hard to shift customs

  3. Dependence on Aid

  4. Mismanagement of funds. Overspend in some areas, and no spend in other key areas.

  5. Corruption. Money is hoarded by a few. Also the costs to get any project done are inflated by bribery payments every step of the way.

  6. Brain Drain. The best brains are leaving the country

  7. Lack of transport infrastructure. Good road systems only exist in the Cities.

  8. Lack of electricity in across most of the land-mass. Intermittent power in the cities. Frequent cut-outs.

  9. Trade barriers - imposed by African countries on each other; and by countries outside Africa.

  10. Little agriculture, And where there are well-managed farms, the products are purely for export.

  11. Frequent natural disasters, and the lack of wherewithal to deal with the resultant refugees

  12. Civil wars - which reverse any growth the country had in previous years. The country's gdp contracts instead

  13. Lack of investment

  14. No tax, or low taxes. The rich hold on to their money.

  15. Lack of strong manufacturing industries

  16. Little or no export of services

  17. Lack of diversity of business. In some areas, everybody is selling, and hardly anyone to buy.

  18. Dependence on few natural resources, to the exclusion of other potential lucrative markets. It is assumed that this will meet all the countries needs - which it seldom does.

  19. Exploitation is alive and well. Natural resources such as oil, diamonds, gold, copper are given away cheaply to Western or Chinese companies who have the expertise to acquire the resource from the ground.

  20. Knowledge transer is not happening between external companies and the local people.

  21. Rail Travel Systems which were functioning well 80 years ago, are now defunct.

  22. Governments are more interested in doing short term surface projects to ensure re-election, than in long-term investment for the growth of the country.

  23. Weak Government. Some knowing what to do, but are too nervous to be radical enough to engender real change.

  24. Landlocked countries suffer because of limited access through another country for trade. 80% of the world's commodities travel by sea.

  25. Medical matters and life expectancy are low priority for many African Governments. Where a western government might spend 20% of gdp on healthcare, Africa has not yet realised their adults are dying too young. The life expectancy in Mali is 50.35 years. Swaziland is 31.88 years.

 

 

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