Introducing the 2013 Africa Progress Report on Friday, Kofi Annan and his colleagues said that Africa’s mineral wealth has the potential to transform the continent, but resource-rich countries are leaving their poor behind.
Kofi Annan says the launch of the Africa Progress Report 2013 is about talk on aspirations and opportunities for Africa, about the continent’s potential wealth, the moral and economic imperative to share the work with the continent’s citizens.
The Group of Eight economic powers must adopt tough new rules for the energy and mining sectors to stem corruption and tax evasion that is bleeding wealth from Africa, according to former UN secretary general Kofi Annan.
With Africa’s economies riding the crest of the global commodities wave, there is an unprecedented opportunity to convert the region’s vast resource wealth into investments that could lift millions out of poverty.
Deals cut by Eurasian Natural Resources Corp, the FTSE 100 miner, have been lambasted for “opaque concession trading” costing the Democratic Republic of Congo $725m, in a hard-hitting report on Friday by Kofi Annan’s Africa Progress Panel.