As part of the 52nd training course for African journalists in Cairo, Egypt, Mr Nabil Zaki gave a lecture on the economic exploitation of African resources.
Zaki, a published researcher, journalist and advocate for human rights, said it was time Africans owned their continent.
“Africa should not be in a position of disadvantage. In just a few years, this continent will have the largest population in the world.
With over a billion people living on the continent right now and Africans having two thirds of the world’s petroleum resources it makes no sense that 45% of the population is poor. The GDP of the continent is 2% that of the international GDP.”
Zaki said Africa was not making use of its natural resources, adding that the consistent foreign exploitation resulted in there being over 300 million Africans living in severe poverty.
“This exploitation started over 800 years ago with conflicts over natural resources with the western society. Countries like Nigeria, Angola, Chad and Libya are oil producing countries but they do not benefit from this."
Zaki said the problem lay between corruption, illegal agreements and transactions as well as tax evasion on state level.