CONSULTANTS CALL ON AFRICA TO DIVERSIFY OIL ECONOMIES
July 1st, 2010
BY KEITH NUTHALL
A MAJOR report on Africa from consultants McKinsey Global Institute has called on African oil exporting countries to boost growth through diversifying their economies. It said: "Africa's oil and gas exporters have the highest GDP per capita but the least diversified economies." Manufacturing and services in Algeria, Angola and Nigeria account for just one third of their economies.
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A MAJOR report on Africa from consultants McKinsey Global Institute has called on African oil exporting countries to boost growth through diversifying their economies. It said: "Africa's oil and gas exporters have the highest GDP per capita but the least diversified economies." Manufacturing and services in Algeria, Angola and Nigeria account for just one third of their economies.
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