News / Africa

African Progress Panel Urges Leaders to Exploit Resources

Kofi Annan after launching the 2012 African Progress Report during the World Economic Forum on Africa, Addis Ababa, May 11, 2012.Kofi Annan after launching the 2012 African Progress Report during the World Economic Forum on Africa, Addis Ababa, May 11, 2012.
Kofi Annan after launching the 2012 African Progress Report during the World Economic Forum on Africa, Addis Ababa, May 11, 2012.
Kofi Annan after launching the 2012 African Progress Report during the World Economic Forum on Africa, Addis Ababa, May 11, 2012.
Marthe van der Wolf
As the African Union celebrates the 50th anniversary of its founding, a group of respected leaders and activists led by former U.N. Secretary-General Kofi Annan is urging African leaders to maximize the continent’s natural resource potential.

The African Progress Panel released their 2013 report this month, stating that African countries must not miss the opportunity to exploit the continent's vast stores of coal, oil, metal ores, and other natural resources. The panel believes the resulting revenues could transform the continent's economy and societies.

Carlos Lopes, executive director of the United Nations Economic Commission for Africa, agrees with the panel, saying the way Africa currently deals with natural resources resembles the colonial model.

“Where you extract, you try to build infrastructure to go to a port, and then this port exports it out of Africa," he said. "[There's] no value addition, no possibilities of really taking advantage of the full value chain and, as a result of that, not creating jobs. But more importantly, no opportunity for transformation.”

Recommendations made by the panel to maximize natural resource benefits include establishing a broad economic development strategy, making revenue streams more transparent and spreading benefits of these revenues via public spending.

According to the report, mineral wealth in Africa has also been labeled a “resource curse,” because most of the time it does not benefit ordinary people. Liberia is one such African country, whose underdevelopment persists in the face of vast natural resources.

Liberian President Ellen Johnson-Sirleaf agrees with the recommendations and says implementing them is of critical importance.

“That is where we know we are going to have our challenges," she said. "Resources allocation efficiency, curbing illegal [revenue] flows, ensuring that the benefits go to developing people and preparing them to contribute to our economic advancement.”

Progress toward transparency and accountability, the report indicates, will also help fight another major challenge: intentional tax avoidance and evasion. According to the panel, the continent loses twice as much in illicit financial outflows each year than what it receives in development aid.

The Africa Progress Panel releases a report each May that tracks Africa’s development progress. In addition to Annan chairmanship, panel members include former Nigerian president Olusegun Obasanjo, former International Monetary Fund chief Michel Camdessus, and the singer and activist Bob Geldof.

You May Like

Tired of Waiting, South Africans Demand Change ‘Now’

With chronic poverty and lack of basic services largely fueling recent xenophobic attacks, many in Rainbow Nation say it’s time for government to act More

Challenges Ahead for China's Development Plans in Pakistan

Planned $46 billion in energy and infrastructure investments in Pakistan are aimed at transforming the country into a regional hub for trade and investment More

Audio 'Forbidden City' Revisits Little Known Era of Asian-American Entertainment

Little-known chapter of entertainment history captured in 80s documentary is revisited in new digitally remastered format and book More

This forum has been closed.
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Study: Insecticide Damaging Wild Bee Populationsi
April 24, 2015 10:13 PM
A popular but controversial type of insecticide is damaging important wild bee populations, according to a new study. VOA’s Steve Baragona has more.

Video Study: Insecticide Damaging Wild Bee Populations

A popular but controversial type of insecticide is damaging important wild bee populations, according to a new study. VOA’s Steve Baragona has more.

Video Data Servers Could Heat Private Homes

As every computer owner knows, when their machines run a complex program they get pretty hot. In fact, cooling the processors can be expensive, especially when you're dealing with huge banks of computer servers. But what if that energy could heat private homes? VOA’s George Putic reports that a Dutch energy firm aims to do just that.

Video Cinema That Crosses Borders Showcased at Tribeca Film Festival

Among the nearly 100 feature length films being shown at this year’s Tribeca Film Festival in New York City are more than 20 documentaries and features with international appeal, from a film about a Congolese businessman in China, to documentaries shot in Pakistan and diaspora communities in the U.S., to a poetic look at disaffected South African youth. VOA’s Carolyn Weaver has more.

Video UN Confronts Threat of Young Radicals

The radicalization and recruitment of young people into Islamist extremist groups has become a growing challenge for governments worldwide. On Thursday, the U.N. Security Council heard from experts on the issue, which has become a potent threat to international peace and security. VOA’s Margaret Besheer reports.

Video Growing Numbers of Turks Discover Armenian Ancestry

In a climate of improved tolerance, growing numbers of people in Turkey are discovering their grandmothers were Armenian. Hundreds of thousands of Armenians escaped the mass deportations and slaughter of the early 1900's by forced conversion to Islam. Or, Armenian children were taken in by Turkish families and assimilated. Now their stories are increasingly being heard. Dorian Jones reports from Istanbul that the revelations are viewed as an important step.

Video Migrants Trek Through Western Balkans to Reach EU

Migrants from Africa and other places are finding different routes into the European Union in search of a better life. The Associated Press followed one clandestine group to document their trek through the western Balkans to Hungary. Zlatica Hoke reports that the migrants started using that route about four years ago. Since then, it has become the second-most popular path into Western Europe, after the option of sailing from North Africa to Italy.

Video TIME Magazine Honors Activists, Pioneers Seen as Influential

TIME Magazine has released its list of celebrities, leaders and activists, whom it deems the world’s “most influential” in 2015. VOA's Ramon Taylor reports from New York.

Video US Businesses See Cuba as New Frontier

The Obama administration's opening toward Cuba is giving U.S. companies hope they'll be able to do business in Cuba despite the continuation of the U.S. economic embargo against the communist nation. Some American companies have been able to export some products to Cuba, but the recent lifting of Cuba's terrorism designation could relax other restrictions. As VOA's Daniela Schrier reports, corporate heavy hitters are lining up to head across the Florida Straits - though experts urge caution.

Video Kenya Launches Police Recruitment Drive After Terror Attacks

Kenya launched a major police recruitment drive this week as part of a large-scale effort to boost security following a recent spate of terror attacks. VOA’s Gabe Joselow reports that allegations of corruption in the process are raising old concerns about the integrity of Kenya’s security forces.

Video Japan, China in Race for Asia High-Speed Rail Projects

A lucrative competition is underway in Asia for billions of dollars in high-speed rail projects. Cambodia, India, Indonesia, Malaysia Thailand and Vietnam are among the countries planning to move onto the fast track. They are negotiating with Japan and the upstart Chinese who are locked in a duel to revolutionize transportation across Asia. VOA Correspondent Steve Herman in Bangkok has details.

Video Scientists: Mosquitoes Attracted By Our Genes

Some people always seem to get bitten by mosquitoes more than others. Now, scientists have proved that is really the case - and they say it’s all because of genes. It’s hoped the research might lead to new preventative treatments for diseases like malaria, as Henry Ridgwell reports from London.

Video Bible Museum Coming to Washington DC

Washington is the center of American political power and also home to some of the nation’s most visited museums. A new one that will showcase the Bible has skeptics questioning the motives of its conservative Christian funders. VOA religion correspondent Jerome Socolovsky reports.

Video Armenia and Politics of Word 'Genocide'

A century ago this April, hundreds of thousands of Armenians of the Turkish Ottoman empire were deported and massacred, and their culture erased from their traditional lands. While broadly accepted by the U.N. and at least 20 countries as “genocide”, the United States and Turkey have resisted using that word to describe the atrocities that stretched from 1915 to 1923. But Armenians have never forgotten.

Video Afghan First Lady Pledges No Roll Back on Women's Rights

Afghan First Lady Rula Ghani, named one of Time's 100 Most Influential, says women should take part in talks with Taliban. VOA's Rokhsar Azamee has more from Kabul.

Video New Brain Mapping Techniques Could Ease Chronic Pain

From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.

VOA Blogs