Is africa experiencing a wealth problem or a wealth distribution problem?

[Hyphen(-)]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

The problem is from our leaders, they are still not completely free, we mostly have independent but we don’t want to depend on ourselves, we are still relying on the British countries to help us control our Natural resources because we don’t have enough to refine and use our goods.

I believe that our leaders are the problem, they don’t want to be independent. Just take a look at Ibrahim’s Traore, he made it possible for his country to rely on themselves and now Burkina Faso is now debt free and they are generating more to their county, if other African countries can be like that, I think we can have some respect and also rely on ourselves. The democratic government is not favoring Africa at all.

[adultcrypto]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

Wealth distribution being a problem in Africa is more like equivocation. This is because Africa's wealth are more of natural which still need to be processed to be fully realized. Being rich in natural resources yet lacking the ability to harness them does not make Africa wealthy. The coco from Ivory Coast is being shipped to Switzerland at very cheap price but processed and returned as chocolate at exorbitant prices, is this wealth? Africa have unrealized wealth and until that is converted to real wealth, the issue of distribution is not going to be a good discussion.

[Josefjix]

The problem is that all of Africa’s raw materials and oil resource are handed over to western mining companies without bringing the slightest benefit or prosperity to the local population; this is mainly down to a corrupt political class or to puppet politicians placed in key positions by the companies themselves. Very often, licences are granted in return for bribes that are shared amongst politicians and do not benefit the national welfare.

Political puppet, you got it right.

Imagine South Africa running revenues to the Queen of England every month, dating back to history, it was agreed by the South African political leaders to send some certain revenue to the Queen of England as her benefits just because South Africa is a colonised country under her control.

The political puppet can't fight it or they loss power and position, these black politicians are not ruling their nations, they are been used to rule their own nation. They are using following instructions from the higher White and stuffs.

[Obim34]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

It's now a country problem, Burkina Faso is changing the way countries see Africa. It has to develop from within, each African country after another, focusing on local manufacturing, building industries and refineries, supporting local farmers, all of these will cut down on importation and dependence on foreign countries.

Having the resource is of no importance if it cannot be managed properly, we need politicians who are not greedy for personal profit, leaders who are economists, a government that fixes problems and not creates one, and a government that doesn't see its position as a throne, rather a public service and is there to serve the masses, no country ruled by a greedy person will have a prosperous economy.

Take Nigeria, for example, why are we applying for more loans? A government that cannot defend its stay in office without telling lies. We need somebody like Ibrahim Traoré in every African country that is not doing well, but I don't want it in a military government.

[CryptopreneurBrainboss]

Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

When you're speaking on sensitive issues like this, please don't generalized but mention the countries you're talking about because we have countries in Africa that can go toe to toe with some of the Western countries and compete with them well. Countries like Egypt, Algeria, Morocco, South Africa etc are all doing well and can't be seen as failures of a nation. We have others too that I might have forgotten to mention so when talking about this issues, mention the country you're talking about. I already have an idea and those countries needs more than just redistribution of wealth because they'll waste all even through you share the money between the citizens. They need to change their mentality from being consumers to producers and that'll improve their IQ and well economy.

[Davidvictorson]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

Africa’s problem is not actually wealth distribution, but wealth, creation, and creation sustenance. Africa is a very wealthy continent but we are unable to sustain the wealth we are still struggling to create from all the natural resources that we have.
Economic growth and prosperity is being contracted to other continents that siphon it and leave the continent impoverished. And this is not to blame the other continents but the African leaders who are complicit and enablers of it. If they can do the right thing, wealth creation and distribution will come easy.

[Autino_okams]

Yes I think Africa is blessed but distributing wealth will take a long time not with the corrupt mind set of our leaders, in a world today were other continent's invent things we can't even burst of producing a cell phone is ridiculous.

[justinlamode]

Africa do not have wealth problem, she is a rich continent with abundant natural and human resources.

The main problem I see in Africa is that the wealth is being managed and enjoyed by few people, the politicians and their friends and family.

The average citizens are practically not enjoying any benefits from their governments and that is why the standard of living is poor and why many African countries are adjudged as poor countries.

[Fortify]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

Wealth is not distributed equally anywhere in the world, there will always be winners and losers. It just so happens that Africa - it's many countries - suffers from particularly bad corruption. It seems like every politician there, because there are few clean institutions, will eventually bend or be forced out of power by someone dirty. Sadly there have been many coups by the military which seem to be the result of external powers like Russia, America or China trying to gain control of it's many valuable natural resources. From uranium to diamonds to oil the continent is very rich but it's under the control of just a few hands in each country. Even if you sign deals with one "protector" another will fund the opposition to try and take you out, which is incredibly easy if you apply pressure in the right places. It seems like it's doomed to this perpetual cycle for a long time to come.

[Outhue]

Africa is enriched in natural resources, every countries in Africa has their own resources and they bring good amount of money but unfortunately many African leaders are termites unleashed, they pretend not to benefit from those resources but they keep mining them. It is what's happening in my own Africa country right now, with all the resources we have my country should be one of the richest, but we keep voting in bad leaders whos purpose of going for the position of leadership in the first place was to enrich themselves.

[Taricoins]

Sometimes I look at the challenges African countries are facing and I see it as what is within their capacity to control but couldn't identify the means to achieve it, this is why some people cannot do beyond the ability they have, but one thing they are also living behind is that there is always a room for improvement, we can learn to improve more than we have achieved before when it comes to how we are expected to take the leadership over our country into next level, but too many of these leaders are only limited to how far they can see.

I believe Africans to be very intelligent and quick to adapt, that's which I know for a surety that they do know how to achieve the control you are talking about but the greed of few out ways the benefits that would have benefited the majority, and that's the stop gap that will limit them from attaining true wealth distribution, it's a factor that affects every continent or country but the Africans are just suffering from foundation laid by the colonial masters

[Cossyblack]

Africa is enriched in natural resources, every countries in Africa has their own resources and they bring good amount of money but unfortunately many African leaders are termites unleashed, they pretend not to benefit from those resources but they keep mining them. It is what's happening in my own Africa country right now, with all the resources we have my country should be one of the richest, but we keep voting in bad leaders whos purpose of going for the position of leadership in the first place was to enrich themselves.

The colonial masters aren't in control of our resources but we are. They might still have influence on our economy since we borrow from world bank and IMF but we have absolute power over how our resources are distributed. Burkina Faso and the entirely sahel nations have demonstrated to us that we can be in control and expelled foreign powers from dictating for us how we should manage our resources. The french government have tried to assassinate the Burkina Faso leader several times but they failed because, the people of Burkina Faso are behind him. They loved and want him to continue ruling as their leader because he is ruling well. African nations that are under foreign influence and afraid of breaking free could emulate what Burkina Faso leader did to break free from foreign powers that are benefiting from their resources. We have the power but our leaders are too scared to use it and put an end to foreign powers over our resources.

[Comeacross]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

You're asking the wrong question. The question we should be asking ourselves is how many African countries are actually utilising this resources in a good way? How many of them process their resources locally? That's where the problem is coming from. We export most of the resource we have at cheap price and then import the finish product at expensive prices. Just imagine how financial and economical illiterate we are. How can we prosper with this practice when the real value of our resource acquired during processing? It's not magic, we are just not doing things the right way.

Secondly, wealth distribution is a global issue but the gap between the power holders and the ordinary citizens is too wide in Africa particularly. The politicians are the main problem. They keep the larger share of our resources for themselves for personal benefits. A lot need to be done otherwise we will remain rich continent with poor people because the resources are not being managed properly.

[Queen Julie]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or it’s about something completely different.

I think the problem isn’t always about lack of resources, it’s also about who controls the wealth and how it’s distributed. A country can have so much potential but if the benefits only reach a hand full of people, the majority will continue to struggle.

I also think we need to look at the major issues, Africa faces real challenges like unemployment and economic instability, but how these resources are managed matters just as much.

[YOSHIE]

Is africa experiencing a wealth problem or a wealth distribution problem?

From the facts that we know, the African continent is one of the continents that has an abundance of natural resources. It can be said that Africa has enormous wealth, Unfortunately, the root of the problem is that wealth and the economy in Africa are only enjoyed by a handful of people, and do not actually have an impact on the welfare and prosperity of the general public there.

Why such a situation can occur is because there are various factors that influence economic development for the general public in Africa.
One of them is the political impact and also the gloomy historical impact such as internal conflict and also the remnants of colonialism. Such a situation will clearly affect the economic system in the country with an unfair impact.
Likewise, the impact of distribution is not clear, such as the distribution of wealth from mining products and so on. This kind of economic situation is actually only enjoyed by a handful of political elites, So what we see today is that many people in Africa still live in poverty, which is very unfortunate.