Professor Kamil Idris On The African Economy

Africa, Population And Resources

/Africa has a population of about 1.2 billion people. It ranks in second for the largest population on the planet. According to Professor Kamil Idris, up until now, there has been no doubt about the continent’s economic growth. Africa has a bevy of natural resources. Almost 100% of chrome is provided from there. It provides other countries with 85% of their platinum. It is also responsible for 54% of gold globally.

African Economy

The growth of the African economy in years to come could create ripple effects all over the world. With the growth of the economy, millions of Africans are no longer in poverty but they are influencing the economy globally. Professor Kamil Idris says Africa’s economy is becoming more inter-connected and advanced in technology. The African continent itself can be split into the Sub Sharan Africa with a GDP per capita of $3300 in 2014 and North Africa had a GDP per capita of $11,000 the same year.

Sub-Saharan Africa has had a larger average GDP growth rate leading up to 2014, and this part of Africa has also had a higher informal employment percentage. The growth has built up quite a momentum as foreign investment has multiplied also. Investors are intrigued by the large companies gaining double-digit revenue growth.

About Professor Kamil Idris

Professor Kamil Idris was Director General of the WIPO from November of 1997 to September 2008. He first joined the WIPO in 1982, where he participated as a member of the International Law Commission. He also headed the UPOV. He holds a Bachelor of Law from Khartoum University, Sudan as well as a Bachelor of Arts in Philosophy, Political Science and Economic Theories from Cairo University, Egypt. He also holds a Master in International Law and International Affairs from Ohio University, U.S. and finally a Doctorate in International Law from the Graduate Institute of International Studies, from University of Geneva, Switzerland.

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