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Africa is still too dependent on commodities.
Even as oil rallied, however, stocks of companies dependent on commodities foundered.
A state that was once dependent on commodities now boasts a highly diversified economy.
For decades the continent has been worryingly dependent on commodities to power economic growth.
At the same time, inflation has begun biting into the competitiveness of industry, and the country remains perilously dependent on commodities.
But in a reversal of the usual north-south split, it seems as though emerging markets, often dependent on commodities exports to China, are faring better this time.
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Africa is still the continent most dependent on commodity exports.
TAKE two neighbouring economies, both heavily dependent on commodity prices to make their trade figures look good.
The Russian economy is heavily dependent on commodity prices and the rouble has been heavily hit by the downturn in oil and gas prices.
But in a reversal of the usual north-south split, it seems as if emerging markets, often dependent on commodity exports to China, are faring better this time.
Africa is far from a world-beating economic hub; it has huge pockets of grinding poverty and is still the continent most dependent on commodity exports.
More suggestions(15)
dependent on export
reliant on commodities
dependent on data
dependent on others
dependent on tides
dependent on strangers
dependent on tourists
dependent on men
dependent on grants
dependent on levels
dependent on substances
dependent on handouts
dependent on parameters
dependent on results
dependent on earnings
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com