New, More Transparent, Contracts To End Africa’s ‘Resource Curse’? | Economy Watch

New, More Transparent, Contracts To End Africa’s ‘Resource Curse’? | Economy Watch.

One of the paradoxes of Africa over the last century has been the continuing crushing poverty that has afflicted – and continues to afflict – so many citizens in so many resource-rich African countries. The barriers that prevent the cash raised by the extractive sectors in those countries from genuinely flowing into development projects, particularly in the localities around major extractive operations, have been many and various, but chief among them has been the cloak of secrecy that has surrounded deals between African governments and multinational mining companies. This secrecy has allowed the blatant theft of natural wealth to go unchallenged, to the huge benefit of kleptocratic rulers and the mining companies themselves. Read more by clicking on the hyperlinked title at the top of the page.

Author: nakawashi9

International mediator, professor, corporate trainer!

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