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Economic decline as investors spurn Swaziland
The lack of natural resources is one the major factors responsible for Swaziland's continuing low economic performance, according to a United Nations Development Programme report released recently.
Ranking African nations on the basis of their economic growth, the study found that oil-rich Mauritania was the regional leader with 19.4% growth, followed by mineralrich Angola performing at an enviable 17.6%.
But Swaziland's growth of about 2% comes at a time when a once-thriving mining sector has dwindled to just two activities. Coal, which is shipped to South Africa, is the only mineral resource exported from a country that once produced gold, tin, iron ore and until the 1990's, diamonds.
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