Sat, 04 Mar 2017 09:14:47 +0000 AFRICAN governments need to streamline and operationalize various instruments aimed at developing and driving the mining sector in mineral-rich countries and ensure the continent benefits from its vast natural wealth. This is because the sector is currently fraught with exploitation by investors for lack of a policy direction to govern the industry. These are some of the resolutions made at the Alternative Mining Indaba (AMI) attended by over 450 civil society groups, faith-based organizations and other interest groups, biased towards the extractive industry, held in South Africa recently. The resolutions said African governments needed to improve investment climate for enterprise development, shaped by tax regime which balances between business and investment to raise optimal revenues to fund socio-economic development in mineral-rich countries, where many nationals wallow in abject poverty amid plenty. The meeting, held in Cape Town and dubbed “Making natural resources work for the people: domestication of the […]
