Kofi Annan: Africa countries should develop strategies for natural resource exploitation

06 October, 2015. Chair of the Africa Progress Panel Kofi Annan has challenged African leaders on the use of their natural resources in his presentation at the Annual Conference of the International Bar Association in Vienna, Austria. He urged ‘all African countries to develop a national strategy regarding exploitation of their natural resources and make it clear for investors and the public’.

These national strategies have to set out how the extractive sector fits with plans for poverty reduction, inclusive growth and social transformation, as argued in the Africa Progress Report 2013 ‘Equity in Extractives: stewarding Africa’s natural resources for all’.