The Africa Continent Produces 75% of World’s Cocoa And Only Get’s 2% Of the $100 Billion Industry… Why?

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The Africa Continent Produces 75% of World’s Cocoa And Only Get’s 2% Of the $100 Billion Industry… Why?
The Africa Continent Produces 75% of World’s Cocoa And Only Get’s 2% Of the $100 Billion Industry… Why?

If Africa produces 75% of the world’s cocoa then surely this great continent should be flowing with the riches, with somewhere around 75% of the revenue of the chocolate industry worth around $100 billion. But, this is Africa. So somehow it only comes out with 2%.

Cocoa, coffee, rare minerals/metals, the world runs on the produce of Africa. Yet on the ground people starve, live on assistance from rich nations, endure war and corruption and worse off, African’s hardly even use any of the things they produce.

A case in point is the cocoa and chocolate industries. Even though Africa produces 75 per cent of all the cocoa in the world, the continent gets only 2 per cent of the $100 billion revenue from the chocolate industry. It is not any different with the mining sector either.

Jean Noel Francois, the Acting Director, Department of Trade and Industry at the African Union (AU) Commission reiterated the fact that Africa consumes very little of its own mineral resources and exports most of it as raw materials, “with little or no local value addition and beneficiation.”

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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