“The absence of strong institutions and a clear framework has impeded a healthy and profitable exploitation of African resources by both indigenous and foreign investors,” according to James Shikwati, director of the Inter Region Economic Network and organizer of the 6th Annual African Resource Bank meeting.
After three days of presentations and group discussions, participants concluded that “Natural resource investment in Africa is still marred by a number of challenges ranging from lack of mineral exploration/exploitation technology, a difficult investment climate, weak corporate governance, poor infrastructure, perception that mining is a riksy venture, difficulty in accessing land for exploration and mining, unfavorable mining legislation and fiscal policies and conflicts.”
The meeting was held from November 9-12th in Mombasa, Kenya. For more details about the meeting and the resolutions suggested by the conference participants, click here.
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