Mozambique-IMF “Africa Rising” conference in Maputo and Africa’s natural resources

May 30, 2014

Africa, Business, International

Mozambique-IMF “Africa Rising” conference in Maputo

Africa Rising

Xinhua

MAPUTO- The “Africa Rising” conference, co- hosted by the Mozambican government and the International Monetary Fund (IMF), opened on Thursday in the country’s capital city Maputo to discuss the challenges facing the sub-Saharan Africa as it builds upon the strong economic gains made since the 2008 global economic crisis.

The Chair of the Africa Progress Panel, former UN Secretary- General Kofi Annan, said in a video remarks that the gathering is important, “because Africa rising is a reality.”

He praised Africa’s gains in recently years as “impressive, and make us proud,” and called on the countries in the region to work on to create more job opportunities, reduce imparity and poverty.

“We should also not forget, for some countries in Africa, the main challenge, is to overcome fragility, and develop economic and social policies that will strengthen their institutions, to foster growth, and poverty reduction,” Annan said.

Former U.S. President Bill Clinton said in his video remarks that the Africa economic development in recent years is “remarkable”, and called on “more should be done to ensure that the prosperity is broadly shared.”

Christine Lagarde, the IMF managing director, said in her opening speech that her institution has always been side-by-side with Mozambique in its development process and so it will continue in the coming years.

“Over 2/3 of the countries from the sub-Saharan region benefited from a constant economic growth, there was progress in education sector, reduction of child mortality though in low scale but worth to be mentioned,” said Lagarde.

The head of IMF said that her institution has been supporting African countries in the economic progress even during the crisis.

“This year there was a record in direct foreign investments in Africa and it’s no surprise. This is the good side but unfortunately poverty levels are still very high, the percentage continues high,” added Lagarde.

According to Lagarde, general economic growth in Africa this year is expected at more than 5 percent but there are risks the countries must be ready to assume in order to bring them down when they emerge.

In a long term period for instance, Africa should have 1 billion active people, more than China and India, and to take advantage of that it will need a strong education. That is where the technology comes in, and that must be included in the agenda of African countries, said the IMF chief.

The other challenge was in the environment, infrastructure, energy and fundamentals sectors so that economic growth can be sustainable for jobs creation and to help supporting regional integration.

More than 300 people attended the opening ceremony, including policymakers from Africa and beyond, the private sector, civil society, academics, and private foundations.

The event is intended to follow up on the 2009 Tanzania Conference, which helped galvanize international support for Africa after the 2008 financial crisis.
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Video: Africa Rising: Road to Mozambique

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Video: International Monetary Fund “Africa Rising”- Christine Lagarde visits Maputo Port
On May 28, Christine Lagarde, IMF Managing Director visits Maputo Port as part of her visit to Mozambique to participate in the 2-day high level conference Africa Rising.

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Video: Bill Clinton -Keynote speech – Africa Rising Conference

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Video: Kofi Annan -Keynote speech – Africa Rising Conference

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Africa Rising

Africa Rising

The Government of Mozambique and the IMF will convene a high-level conference in 2014 to take stock of Africa’s strong economic performance, its increased resilience to shocks, and the key, ongoing economic policy challenges. The Africa Rising conference will be held May 29-30, 2014, in Maputo. The event is intended to follow up on the 2009 Tanzania Conference, which helped galvanize international support for Africa after the 2008 financial crisis. The conference will bring together policymakers from Africa and beyond, the private sector, civil society, academics, and private foundations with the goal of sustaining the current growth and sharing its benefits among African populations.

The 2009 Tanzania Conference was held against the backdrop of global financial and economic crisis. Five years later, much of Sub-Saharan Africa has demonstrated remarkable resilience thanks to progress on economic reforms over the previous decade. The region quickly bounced back from the global slowdown, and several countries have grown rapidly, including Mozambique. Their key challenge now is to maintain high growth, while boosting job creation and accelerating structural transformation. But for others, notably the fragile states, the first priority remains to establish sufficient political and economic stability to join the ranks of the “African Lions.”

Africa Rising IMF
International Monetary Fund Managing Director Christine Lagarde (R) delivers the opening speech at the Africa Rising Conference as Mozambique’s President Armando Guebuza (L) listens May 29, 2014 at the Chiasson Conference Center in Maputo, Mozambique. Lagarde is in Mozambique to attend the Africa Rising Conference. IMF Photograph/Stephen Jaffe
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Mozambique

Mozambique

Mozambique

Ethnic groups: African 99.66% (largest African ethnic groups: Makhuwa, Tsonga, Lomwe, Sena, and others), Europeans 0.06%, Euro-Africans 0.2%, Indians 0.08%

Population: 24,692,144 (July 2014 est.)

Maputo

Maputo

Maputo

Maputo

Maputo
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Known Natural Resources of African Nations

Africa is the center of focus by the world’s military powers due to individual security issues of non-African countries. Africa’s natural resource have long been used to advance and support the economies of non-African nations, specifically European nations and China.

The only natural resources in United Kingdom are: coal, petroleum, natural gas, iron ore, lead, zinc, gold, tin, limestone, salt, clay, chalk, gypsum, potash, silica sand, slate, arable land

The only natural resources in France are: coal, iron ore, bauxite, zinc, uranium, antimony, arsenic, potash, feldspar, fluorspar, gypsum, timber, fish

The only natural resources in Germany are: coal, lignite, natural gas, iron ore, copper, nickel, uranium, potash, salt, construction materials, timber, arable land

The only natural resources in Spain are: coal, lignite, iron ore, copper, lead, zinc, uranium, tungsten, mercury, pyrites, magnesite, fluorspar, gypsum, sepiolite, kaolin, potash, hydropower, arable land

The only natural resources in Portugal are: fish, forests (cork), iron ore, copper, zinc, tin, tungsten, silver, gold, uranium, marble, clay, gypsum, salt, arable land, hydropower

The only natural resources in Italy are: coal, mercury, zinc, potash, marble, barite, asbestos, pumice, fluorspar, feldspar, pyrite (sulfur), natural gas and crude oil reserves, fish, arable land

The only natural resources in China are: coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, rare earth elements, uranium, hydropower potential (world’s largest)

Japan has negligible mineral resources and fish. With virtually no energy natural resources, Japan is the world’s largest importer of coal and liquefied natural gas, as well as the second largest importer of oil.

__________________

In Africa most of the: oil, petroleum, natural gas, diamonds, gold, platinum, copper and uranium leave the continent to support the economies of non-African nations. While Africans, in Africa, tend not to gain the economic advantages from living in these mineral rich nations.

Algeria
petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc

Angola
petroleum, diamonds, iron ore, phosphates, copper, feldspar, gold, bauxite, uranium

Benin
offshore oil deposits, limestone, marble, timber

Botswana
diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver

Burkina Faso
manganese, limestone, marble; small deposits of gold, phosphates, pumice, salt

Burundi
nickel, uranium, rare earth oxides, peat, cobalt, copper, platinum, vanadium, arable land, hydropower, niobium, tantalum, gold, tin, tungsten, kaolin, limestone

Cameroon
petroleum, bauxite, iron ore, timber, hydropower

Cabo Verde
lacking natural resources and fresh water, Cabo Verde has become a global leader in solar and wind energy and has sought expanded ties with American companies to develop these renewable resources

Central African Republic
diamonds, uranium, timber, gold, oil, hydropower

Chad
petroleum, uranium, natron, kaolin, fish (Lake Chad), gold, limestone, sand and gravel, salt

Comoros
few natural resources

Congo, Democratic Republic of the
cobalt, copper, niobium, tantalum, petroleum, industrial and gem diamonds, gold, silver, zinc, manganese, tin, uranium, coal, hydropower, timber

Congo, Republic of the
petroleum, timber, potash, lead, zinc, uranium, copper, phosphates, gold, magnesium, natural gas, hydropower

Djibouti
potential geothermal power, gold, clay, granite, limestone, marble, salt, diatomite, gypsum, pumice, petroleum

Egypt
petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, rare earth elements, zinc

Equatorial Guinea
petroleum, natural gas, timber, gold, bauxite, diamonds, tantalum, sand and gravel, clay

Eritrea
gold, potash, zinc, copper, salt, possibly oil and natural gas, fish

Ethiopia
small reserves of gold, platinum, copper, potash, natural gas, hydropower

Gabon
petroleum, natural gas, diamond, niobium, manganese, uranium, gold, timber, iron ore, hydropower

Ghana
gold, timber, industrial diamonds, bauxite, manganese, fish, rubber, hydropower, petroleum, silver, salt, limestone

Guinea
bauxite, iron ore, diamonds, gold, uranium, hydropower, fish, salt

Guinea-Bissau
fish, timber, phosphates, bauxite, clay, granite, limestone, unexploited deposits of petroleum

Cote d’Ivoire (Ivory Coast)
petroleum, natural gas, diamonds, manganese, iron ore, cobalt, bauxite, copper, gold, nickel, tantalum, silica sand, clay, cocoa beans, coffee, palm oil, hydropower

Kenya
limestone, soda ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife, hydropower

Lesotho
water, agricultural and grazing land, diamonds, sand, clay, building stone

Liberia
iron ore, timber, diamonds, gold, hydropower

Libya
petroleum, natural gas, gypsum

Madagascar
graphite, chromite, coal, bauxite, rare earth elements, salt, quartz, tar sands, semiprecious stones, mica, fish, hydropower

Malawi
limestone, arable land, hydropower, unexploited deposits of uranium, coal, and bauxite

Mauritania
iron ore, gypsum, copper, phosphate, diamonds, gold, oil, fish

Mauritius
arable land, fish

Monaco
none

Mozambique
coal, titanium, natural gas, hydropower, tantalum, graphite

Namibia
diamonds, copper, uranium, gold, silver, lead, tin, lithium, cadmium, tungsten, zinc, salt, hydropower, fish.. suspected to have deposits of oil, coal, and iron ore

Niger
uranium, coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt, petroleum

Nigeria
natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, arable land

Rwanda
gold, cassiterite (tin ore), wolframite (tungsten ore), methane, hydropower, arable land

Sao Tome and Principe
fish, hydropower

Senegal
fish, phosphates, iron ore

Seychelles
fish, copra, cinnamon trees

Sierra Leone
diamonds, titanium ore, bauxite, iron ore, gold, chromite

Somalia
uranium and largely unexploited reserves of iron ore, tin, gypsum, bauxite, copper, salt, natural gas, likely oil reserves

South Africa
gold, chromium, antimony, coal, iron ore, manganese, nickel, phosphates, tin, rare earth elements, uranium, gem diamonds, platinum, copper, vanadium, salt, natural gas

South Sudan
hydropower, fertile agricultural land, gold, diamonds, petroleum, hardwoods, limestone, iron ore, copper, chromium ore, zinc, tungsten, mica, silver

Sudan
petroleum; small reserves of iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold; hydropower

Swaziland
asbestos, coal, clay, cassiterite, hydropower, forests, small gold and diamond deposits, quarry stone, and talc

Tanzania
hydropower, tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas, nickel

Togo
phosphates, limestone, marble, arable land

Tunisia
petroleum, phosphates, iron ore, lead, zinc, salt

Uganda
copper, cobalt, hydropower, limestone, salt, arable land, gold

Zambia
copper, cobalt, zinc, lead, coal, emeralds, gold, silver, uranium, hydropower

Zimbabwe
coal, chromium ore, asbestos, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum group metals

Natural Resources Source: CIA The World Factbook

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