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Despite its immense wealth of natural resources and it being the largest producer of gold, most of the nations in the African continent fall far below in various index and ranking including GDP, living standards, quality of life, and many other human development index. According to the UN list of least developed nations of 50 countries, 34 countries are from Africa. Many countries in Africa have a per capita GDP of less than $200 per year making it literally impossible for the human beings to sustain and make two ends meet even for the bare minimum necessities of life.

Although some of the economies in Africa are doing better than the past few decades but the measures taken to eradicate poverty in Africa are much lesser in comparison to some of the Latin American countries that also suffer some of the same disadvantages. Even with large amount of arable lands and the potential for growing cash crops, African farmers suffer from poverty due to several reasons including the lack of political will, mismanagement of land and waste of huge monetary aids on mega-scale projects instead of better utilization on small scale projects and removal of poverty.