Ethiopian Business Review

In 2017, the reserves of many African countries showed increases due to better commodity prices. In particular, increased oil and export earnings helped reverse the downward trend in Africa’s reserve position in 2016. Africa’s external reserves declined by 9.4Pct in 2016 to USD396.63 billion, while in 2017 it showed a 6.3Pct increase reaching USD421.53 billion. 

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Finland has taken the top spot as the happiest country in the world, according to the World Happiness Report 2018, which ranked 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants.

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Life expectancy, one of the methods used to measure health in various countries, has drastically risen in Africa from 50.9 years in 2012 to as high as 54 years last year, according to UNDP. The gain in longevity is observed despite the fact that large section of the African population still suffers from poverty, malnutrition, illiteracy, and low access to health facilities, communicable diseases, and a lack of access to clean water. Despite the improvement, the lowest life expectancy in the world is located in the continent. Africa’s Sierra Leone has a life expectancy of only 50.1 years, the lowest in the world.

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