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The long answer or the short answer. While Africa is rich in Natural Resources the fact that there is a lot of corruption in top government positions means that the people in charge have become very wealthy and the rest of their country has become very poor. Also this high level of corruption has discouraged individuals to start their own businesses, which is vital for development of different products and hiring people. The third reason is infrastructure, even though Africa is developing since they do not have the necessary infrastructure such as roads, hospitals, a stable banking system this makes it very difficult to see any progress. The last major reason which is in a way tied to the first reason is political instability, since there is a lot of political instability in many African countries foreign investors are unwilling to put any capital investment in these countries as the fear is that they will not get their money back or that the government will decide to expropriate their businesses. There is a much more complicated answer but these are just some of the highlights....

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10y ago

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