Africa must be vigilant in its negotiations with foreign investors to ensure that all mining deals are beneficial to the continent.
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Accra: During the opening of the African Mining Forum held in Accra, the Director of Industrialisation in Africa Union, Hussein Hassan Hussein, on behalf of Commissioner in charge of Trade and Industry, Amb. Albert Muchanga, has delivered the following speech. Read below.
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The level of financial losses that Africa continues to experience due to illegal activities and dealings in the mining sector is undermining sustainable development in the continent, Trust Africa Programmes Director Briggs Bomba has said.
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Africa, home to the world’s largest deposits of precious and industrial metals, needs new mining models to equitably share its mineral wealth while industrialising.
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African leaders are increasingly encouraging their private sectors to play a more central role in shaping their key African Mining Vision (AMV) blueprint after largely freezing them out in its first decade.
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African countries have begun the process of assessing whether its vast mineral resources are benefiting its citizens or outsiders.
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