Africa has 20% of our planet’s land, 16% of its population and at the same time only a tiny portion of its GDP – just 2.7% – and even fewer Eurobonds. Here I mean any loan instruments that would allow to develop the economy regardless of political requirements set by international development institutes. <…> Our calculations show that Africa’s colossal natural resources are worth USD 4 trillion. <…> If these resources were used and accumulated and the revenue they bring would be distributed among Africa’s population, the world’s largest mining companies would be African along with the Russian ones — Konstantin Malofeev, Chairman of the Supervisory Board, International Agency for Sovereign Development (IASD).
Africa is a continent that is ultrarich and ironically extremely poor at the same time. Today, we are talking about creating new semantics, new grammar and new vocabulary to restore our economy — Otto Bitjoka, President, Unione delle Comunita Africane d’Italia.
Moody’s research reveals that national bankruptcy level in Africa is just a little over 5% – it is almost on par with Western Europe. However, due to restrictions, bank interest rates and offshores do not show it — Samaila Zubairu, President, Chief Executive Officer, Africa Finance Corporation (AFC).
Rating agencies assess countries based on further investment in them, but our actual resources are much higher than the risks we are usually associated with. Our continent can only be perceived as a whole. USD 1 trillion is expected to be invested in infrastructure parts, so that we could cooperate under our free trade agreement — Paulo Gomes, Co-Founder, New African Capital Partners; Chairman, Paulo Gomes and Partners.