AfDB to aid African nations with investments in mining sector

mine MagnusvonKoeller flickrThrough Mining Indaba, the mining sector in Africa could get a much-needed impetus. (Image source: MagnusvonKoeller/Flickr)At the upcoming Mining Indaba, African Development Bank (AfDB) will help African countries compete for investment in mining opportunities in the continent

AfDB officials are expected to join mining ministers from 16 African nations, industry leaders and around 7,000 participants, where they will convene a panel discussion on a local content policy toolkit designed by the Bank’s African Natural Resources Center (ANRC). The toolkit will help governments design policies that balance benefits to African economies with fair returns to investors. It also provides a guide for formulating effective local content policies.

In addition, several important delegates are expected to be present and share insights. Sir Paul Collier, chair of Oxford University’s Blavatnik School of Governance, will deliver a keynote address. Other panelists include Andile Sangqu, CEO of AngloAmerican Corporation, and Matthew Bliss, strategic partnerships, Cordaid.

A panel moderated by ANRC director Sheila Khama will include Kojo Busia, senior mineral sector governance advisor, African Mineral Development Centre, UNECA; Tim Carstens, managing director of Base Resources; and Gillian Davidson, head of mining and metals industries for the World Economic Forum.

AfDB will also host a special session on Indaba Sustainability Day to advocate transparent engagement with communities affected by mining operations as well as discuss policies that could lead to economic diversification. Kgosi Leruo Molotlegi, king of the Bafokeng nation (located in the platinum-producing region of South Africa) will deliver the opening remarks.

Through Mining Indaba, AfDB can demonstrate regional development leadership, felt ANRC director Khama.

– Mining Indaba will take place between 8-11 February 2016 at Cape Town, South Africa

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