Rolling Back the Gains of Upstream Open Contracting; the Case of Revenue Mismanagement

The Africa Mining Vision (AMV) sees Africa’s abundant natural resource wealth as a window of opportunity to transform the African economy through industrialization, diversification, and ways that sustain growth, development, and poverty eradication (ECA, 2009). Natural resource exploitation in Africa must therefore lead to positive development outcomes. However, the AMV also recognizes that in the absence of good natural resource governance laws and practices, it is impossible to turn the initial factor endowment into a platform to build successful clusters and diversified economies.

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