Published: October , 2015
From the Inkwell of: Bartholomew J. Worthington III
As the 2016 Presidential campaign season slowly ramps up, its necessary to take a look at the current State of the Black economy (Blackonomics).

Today we spend some time looking at the overall position of the Black businesses. As the overall economy continues to improve, there are several bright spots as well as a few challenges with regards to the state of Black owned businesses.
  • In central and western Africa, where forest cover is heaviest, the forest sector contributes more than 60 percent of GDP
  • Africa’s fishing industry provides income to more than 10 million people and has an annual export value of $2.7 billion
  • Africa’s extensive inland fisheries contain more than 3,000 fish species and account for two-thirds of global inland fish production
  • Africa’s two most profitable mineral resources are gold and diamonds. In 2008, Africa produced about 483 tons of gold, or 22 percent of the world’s total production
  • In 2008, the continent produced 55 percent of the world’s diamonds.
  • In 2007, the continent produced 12.5 percent of the world’s total oil production and 6.45 percent of the world’s total natural gas production
  • Lagos is the commercial and industrial hub of Nigeria, which has a gross domestic product that is triple that of any other West African country.
Africa: Resources

  • the continent’s natural resources will contribute over $30bn per annum in government revenues over the next 20 years.
Africa’s mineral wealth: A blessing or a curse?
comments powered by Disqus