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Africa Debate: Will Africa ever benefit from its natural resources? BBC News Africa, 15 October 2012

25 Oct

Whether Africa will ever benefit from its natural resources is a question that is more relevant now than ever, as new discoveries of coal, oil and gas across East Africa look set to transform global energy markets and – people hope – the economies of those countries.

But can the likes of Kenya, Tanzania, Mozambique and Uganda really turn their newfound riches into tangible wealth for ordinary people?

This month the BBC Africa Debate team will be in Ethiopia asking just that. Politicians, business representatives, activists and academics from across the continent will be taking part, as over 800 experts gather in Addis Ababa for the Eighth African Development Forum.

“On average, resource-rich countries have done even more poorly than countries without resources,” according to Joseph Stiglitz, former chief economist at the World Bank and professor of economics at Columbia University, in the United States.

Read more at Africa Debate: Will Africa ever benefit from its natural resources?

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8 Comments

Posted by on October 25, 2012 in Uncategorized

 

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8 responses to “Africa Debate: Will Africa ever benefit from its natural resources? BBC News Africa, 15 October 2012

  1. Kwesi acquah

    October 26, 2012 at 5:45 am

    Africa is blessed with natural resource but we are still poor. This are due to lack of skills. From kwesi acquah. Ghana

     
    • choforche

      October 26, 2012 at 6:02 am

      You are very right Kwesi Acquah. Not only is there a lack of skills, but big and corrupt governments continue to negotiate porous oil concessions with private investors.

       
  2. Onkpeya Bobby

    October 26, 2012 at 6:49 am

    I luv dis site

     
    • choforche

      October 26, 2012 at 1:30 pm

      Hey my man Bobby!! Thanks for the compliment. Keep on reading.

       
  3. MARY MADUBUIKE

    October 26, 2012 at 1:19 pm

    In addition tribal/ethinic sentiments, bad governance, political instability, security threats etc hinder the continent from coordinating plans to tap and benefit from its natural rescouces. If only there could be peace and good governance in the continent, our story will change for good.

     
    • choforche

      October 26, 2012 at 1:29 pm

      Very good point Mary. How do we as Africans separate from this umbilical cord full of tribal/ethnic sentiments, bad governance, political instability, and security threats. There must be a way out.

       
  4. Alekha Tripathy

    October 26, 2012 at 2:24 pm

    The concern is very relevant. Undeveloped/under developed countries across the world have been at the receiving end for centuries hence either due to political subjugation or due to economic exploitation in various forms. Random export of natural resources, like, fossil fuel, gas and minerals to industrially advanced countries is also one such activity through which the resources rich countries try to improve their economies but ultimately they loose their resources and their economies remain backward as before. In fact the matter gets complicated due to various factors, like, corrupt politicians sitting at the top of the governmental machinery, lack of awareness among the public, lack of industrial development in these countries, etc. One can only hope that the people of these resource rich countries beome aware of the stake involved in a proper and controlled utilisation of the resources in their countries.

     
    • choforche

      October 26, 2012 at 2:34 pm

      Dear Alekha Tripathy, many thanks for the addition. Corrupt politicians have a part to play in this quagmire. Lack of awareness from the populace is another factor, reason why we need advocates like you to sensitize the African populace to keep on questioning their ‘Big governments’.

       

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