Harmonizing governance frameworks in the extractive sector

Addis Ababa, Ethiopia, 20 March 2016 (ECA) – On 21 and 22 March 2016, a High-Level Roundtable will take place in Addis Ababa on the Africa Mining Vision and the Extractive Sectors, titled, “Towards a Harmonised Governance Framework”. This round table is being organized by the African Union (AU), through the African Minerals Development Centre (AMDC), and in partnership the African Development Bank (AfDB), United Nations Development Programme (UNDP), New Partnership for African Development (NEPAD), and African continental and regional civil society actors.
 
As home to a third of the world’s mineral reserves, Africa’s extractive sectors can be an important driver of structural transformation on the continent. The AMV remains the leading continental policy instrument for the extractive sector. It is equally the continent’s only tool that seeks to harmonize parallel frameworks looking to secure the equitable and optimal exploitation of mineral resources in order to underpin broad-based sustainable growth and socio-economic development.
 
The Roundtable will bring together 120 experts working in or around Africa’s extractive sector in order to critically examine the responses of various stakeholders in government, private sector and civil society to this new policy harmony. More specifically, the Roundtable will:
 
  • Establish a broad consensus on the importance of a continental extractive sector governance framework based on the AMV, particularly among multi-level stakeholders that include national governments, RECs, civil society, extractive companies, the private sector, and at the pan-African level ;
  • Create a Roadmap and Multi-Stakeholder Taskforce for the development of an African Framework for Extractive Sector Governance under the auspices of the AMV;
  • Stimulate and foster a collaborative relationship between state and non-state actors, including African civil society operating at the continental, regional and national levels to ensure civic oversight of the governance of the extractive industry.
 
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Note for editors on the Africa Mining Vision:
Formally adopted by African heads of state in 2009, the Africa Mining Vision (AMV) is the continent’s own response to tackling the paradox of great mineral wealth existing side by side with pervasive poverty.  Simply put, the AMV outlines the roadmap to the transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development in Africa.
 
For more information, please contact:
Ms. Daisy Leoncio
Communications and Advocacy Officer
African Mineral Development Centre
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