Here are the major factors stalling the economic growth in Africa

Africa lags behind all other continents in terms of economic development. Some may believe that African countries lack resources, however, this is not true.

Although African countries have the necessary resources, there are several other issues impeding economic progress, which we will explore below:

Inadequate Educational System

In Africa, the level and quality of education, two of the most essential factors that contribute to a country’s economic success, are both low. This is due to the region’s inadequate administration and educational system. Good governance in a region allows education to grow, but this is unfortunately not the case in Africa.

Because of poverty, weak governance, and poor infrastructure in the region, many African children are denied access to education, which is a basic human right. As a result of all of these factors, Africa has a higher rate of illiteracy than other regions.

Instability in politics

Political instability is another key impediment to Africa’s economic development. There is political upheaval in many African countries, and the political environment is not conducive to economic growth. African countries are also dealing with the challenge of civil conflicts.

Civil conflicts and political instability are a key impediment to countries reaching new heights in economic growth. There isn’t proper law and order in the country & corruption and other malpractices are also common in the region.

Trade embargoes

Because of escalating political tensions, African countries also face trade blockades that hinder them from entering or accessing international markets. African nations are unable to dominate the international market as a result of escalating political tensions and bad trade policies, preventing them from achieving the economic progress that they desire.

Poor trade policies frequently result in a lack of investment, corporate losses, international investors staying away from the region, and a drop in government revenue.

Infrastructure issues

Another problem impeding African economic growth is a lack of infrastructure. The region’s roads, water supply, power, and current technologies, among other things, are not well developed or existent. Because roads are inadequate and congested, logistical services are expensive, sometimes to the point where they cost more than the goods itself. Poor roads also make it difficult for people to get vital services like health care and education.

Poor infrastructure in the region causes trade issues, political upheaval, and weak investment, all of which contribute to the region’s poor economic growth.

Natural calamities

Unfortunately, natural disasters are also wreaking havoc on the African continent, resulting in widespread displacement, poverty, and famine. There are several drought-prone places in Africa, where people have been battling starvation for several years due to a shortage of water.

Due to a shortage of water and a changing climate in Africa, crop scarcity has resulted in food insecurity across the continent, with children in many nations suffering from nutritional inadequacies.

Modern technologies are lacking.

The lack of current technologies is also a big stumbling block to the region’s economic development.

People in Africa lack easy access to fast and affordable internet, which has become a basic necessity in many parts of the continent. The entire globe is reliant on the internet, which is used for a variety of purposes, including making money.

People in Africa do not have access to the internet, let alone modern technologies, therefore these opportunities are not open to them. People all around the world are utilizing cutting-edge technology such as the cloud and free applications such as JPG to PDF Converter, which can convert any JPG file into PDF, and Excel to PDF Converter, which can convert Excel spreadsheets into PDF.

Dependence on Natural Resource Exports

Natural resources such as petroleum, diamonds, copper, and other commodities are exported from Africa. Despite the fact that these can contribute significantly to economic growth and development, some African countries have grown entirely reliant on selling raw commodities to other countries.

These countries’ economic progress is limited as a result of their reliance on raw material exports, as they neglect other industries and have no control over the prices of their resources on the worldwide market.