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Sizing the potential of Africa’s untapped riches

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Congolese men collect mud to search for gold nuggets at a gold mine near Bunia, in eastern Democratic Republic of Congo. Photo/REUTERS

Congolese men collect mud to search for gold nuggets at a gold mine near Bunia, in eastern Democratic Republic of Congo. Photo/REUTERS 

By SPECIAL CORRESPONDENT  (email the author)
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Posted  Monday, July 5  2010 at  00:00

The oil estimate is based on the billions of barrels of proven oil resources by country; OPEC basket prices in dollars per barrel, from 2005 to 2010; and the OPEC spot price of June 2010.

Assumptions The composite of the OPEC countries’ spot price is a reasonable proxy for the average price for African producers as the dominant African producers — Algeria, Angola, Libya, Nigeria – are OPEC members.

For the full methodology and Africa Wealth Cheque Report email: editor@africa-investor.com

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