1.3 billion people live in Africa.
Africa is full of riches; meaning having wealth or lots of possessions or even natural resources.
Some of the richest African countries are; Morocco, Algeria, South Africa, Nigeria and Egypt.
The African economy provides riches in trades, natural resources and agriculture.
The African economy is predicted to grow by about 30 trillion by 2050.
Goods have been traded from Africa into places like Europe for thousands of years. The Moorish Empire brought lots of African goods into Europe.
In the 7th century AD there were trade systems; these money systems allowed goods to be exchanged across Africa.
North African traders dealt with West Africans. The West Africans would exchange goods like salt, ivory, gold and cloth for North African products such as books, horses, and swords; this was called
the Trans-Siberian Trade (because they had to cross the Sahara Desert).
Today Africa produces lots of products to the rest of the world; coffee, oil, cashews, shea butter and chocolate.
In the UK the most important trades come from 7 African countries; Kenya, Nigeria, Morocco, Namibia, South Africa, Zambia.
Tea is exported from Kenya; spending 150 million/ year on tea.
While Nigeria exports crude oil to the UK (including mineral oil, mineral fuel, petroleum found in petrol and diesels) spending about 2 billion/ year.
Morocco exports vehicles to the UK, 200 million/ year. They also export textiles (including clothing), 90 million/ year.
Namibia exports ships to the UK, 410 million/ per year.
South Africa exports precious metals, 2 billion/ year.
Zambia is the top export of printed books to the UK.
There are 20 billionaires who live in Africa.
The richest person in Africa is Aliko Dankote; worth over 8 billion dollars. He lives in Nigeria; his riches come from cement, sugar, salt and flour.
