Discuss the role of natural resources and agriculture in Africa’s economy?

Much of Africa’s economy is tied to its natural resources. Libya enjoys the continent’s highest per capital income--$ 7,900 in 1999—because of its substantial oil reserves. Agriculture also is important to African countries. For some Agricultural products ate their major exports. For example, coffee, cocoa and palm oil account for 80 percent of cote d’Ivoire’s exports, and coffee

and tea comprised 80 percent of Rwanda’s exports prior to the eruption of tribal conflicts in that country.

South Africa possesses fertile farmland and rich deposits of gold, diamonds, chromium, and platinum. Many MNCs used South Africa as the base fro their African operations until the 1970s. In 1999 South Africa’s exports—primarily minerals—accounted for 25 percent of its $ 131 billion GDP.