So What Africa Has Abundant Natural Resources

Africa is blessed with natural resources... so what? It is the richest continent on the planet remarkable for her rich soil, abundant land, forests and trees, oil, minerals, precious stones and metals, water, and wildlife. Yet Africa remains poor because of a lack of value added manufacturing sectors on the African continent. Picking coffee berries in Ethiopia The definition of manufacturing is any industry that makes products from raw materials by the use of manual labor or machinery. Value-added manufacturing is the gross receipts of a firm minus the cost of goods and services purchased from other companies, the difference between the value of goods and the cost of materials or supplies that are used in producing them. If the cost of goods and the cost of materials or supplies is more than the cost of the final manufactured product then the product is of no value to Africa. Africa does not benefit from the processing and manufacturing portion of goods such as coffee beans, timb