Africa is comprised of 55 separate countries and nine territories, and two de facto states that are basically their own entities with no special rights or recognition.
- Nigeria is fourth-largest oil exporter in the world, and Africa’s biggest oil producer with about 2.2 million barrels produced every day. Top 10 oil producers in order of total exports: Nigeria, Algeria, Angola, Libya, Egypt, Sudan, Equatorial Guinea, Republic of Congo, Gabon, South Africa.
- The continent has the largest reserves of precious metals with over 40% of the gold reserves, over 60% of the cobalt, and 90% of the platinum reserves.
- China is Africa’s top trade partner with Sino-African trade volumes now nearing $200 billion per year.