The continent’s minerals industry strikes gold as recovery is in the offing following a lackluster 2013.
A robust economy and favorable fundamentals are expected to fuel an upward trend for the regional bourses.
The region may not be so immune to the emerging market slowdown after all as consumption of its major export could dip.
Deutsche Bank estimates the metal will have to fall to USD 750 per ounce to return to its historical levels in real terms.
Lackluster growth in countries such as China and India could potentially hurt crude exporters’ revenue flow.
The politically and economically challenged African nation is pinning its hopes on its natural resources, experts say.