How important is the utilisation of natural resources for the growth and development of African countries? Natural resources have been the bedrock of the continent’s economy and continue to represent a significant development opportunity for her people. Statistics shows that natural resources account for more than 77 percent of total exports and about 42 percent of government revenues. To bring a sustainable growth and development path, the extraction of the resources should be buttressed by a mineral transformation process on the continent. To achieve such a transformation, Africa will need to overcome four major obstacles: access to capital markets, transfusion of the technological know-how, overcoming infrastructure hurdles and lack of political will.
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