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Geography: Africa is the world's second-largest and second most-populous continent, after Asia. At about 30.2 million km² (11.7 million sq mi) including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area.[2] With a billion people (as of 2009, see table) in 61 territories, it accounts for about 14.72% of the World's human population. The continent is surrounded by the Mediterranean Sea to the north, both the Suez Canal and the Red Sea along the Sinai Peninsula to the northeast, the Indian Ocean to the southeast, and the Atlantic Ocean to the west. The continent has 54 states, including Madagascar, various island groups, and the Sahrawi Arab Democratic Republic, a member state of the African Union whose statehood is disputed by Morocco.

Economy: With the development of the global economy, Africa economy shows a sustainable growth trend owing to the stable politics, growth of the population and the vast overseas investment. Recent data suggest some parts of the continent are experiencing faster growth. The World Bank reports the economy of Sub-Saharan African countries grew at rates that match global rates. The economies of the fastest growing African nations experienced growth significantly above the global average rates and has entered the stage of steady growth. Many international agencies are gaining increasing interest in emerging modernizing African economy and hold the view that the Africa economy is better than ever.

Rich in: Mineral resources: gold, diamonds extensive oil, gas, phosphate, petroleum, bauxite, copper, uranium;Agricultural resources: cocoa, peanut, banana, cotton, corn

Short of: Water resource has become the obstacle for the development of the African economy.

Main Exporting Countries

  • South Africa: gold, diamonds, platinum, other metals and minerals, machinery and equipment
  • Algeria: petroleum, natural gas, and petroleum products
  • Nigeria: petroleum and petroleum products, cocoa, rubber
  • Angola: crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton

Main Importing Countries

  • South Africa: machinery and equipment, chemicals, petroleum products, scientific instruments, foodstuffs
  • Egypt: machinery and equipment, foodstuffs, chemicals, wood products, fuels
  • Nigeria: machinery, chemicals, transport equipment, manufactured goods, food and live animals
  • Algeria: capital goods, foodstuffs, consumer goods

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