Key Takeaways: Africa’s Wealth: A Lost Legacy or an Untapped Future?

By Sumeya Hussain

https://www.ajimcapital.com/blog/africas-wealth-a-lost-legacy-or-an-untapped-future

The blog explores the historic narrative of Africa. For centuries, Africa was synonymous with wealth. However, today, the narrative has shifted as Africa is viewed as an ‘emerging’ market. This starkly contrasts with the period before the colonial era when Africa had some of the world’s most advanced economies, controlling an estimated 30% of the world’s gold supply by 1500. The blog poses the question, ‘So, what happened?’ and answers it by explaining how Africa’s wealth decline was not natural but the result of systemic extraction and disruption, namely the Transatlantic Slave Trade and Colonial Exploitation, which resulted in post-colonial struggles that still exist today. The blog also shares positive developments in Africa and its view of the continent as a ‘re-emerging economic power’.