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Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African Union and are also central to the strategy for implementing the African Development Development Agency (AUDA-NEPAD).
After an initial rebound from the 2009 world economic crisis, Africa's economy was undermined in the year 2011 by the Arab uprisings. The continent's growth fell back from 5% in 2010 to 3.4% in 2011. With the recovery of North African economies and sustained improvement in other regions, growth across the continent is expected to accelerate to ...
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union.
SADC countries face many social, development, economic, trade, education, health, diplomatic, defence, security and political challenges. Some of these challenges cannot be tackled effectively by individual members. Cattle diseases and organised-crime gangs know no boundaries. War in one country can suck in its neighbours and damage their ...
Kibera is the largest slum in Nairobi, Kenya.. Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa.African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
The Customs and Economic Union of Central Africa (or UDEAC from its name in French, Union Douanière et Économique de l’Afrique Centrale), (in Spanish: Unión Aduanera y Económica de África Central, UAEAC), (in Portuguese: União Aduaneira e Económica da África Central, UAEAC), established by the Brazzaville Treaty in 1964, [2] formed a customs union with free trade between members and ...
The Democratic Republic of Congo also possesses 50 percent of Africa's forests and a river system that could provide hydro-electric power to the entire continent, according to a United Nations report on the country's strategic significance and its potential role as an economic power in central Africa. [35]