Africa’s minerals should fuel its growth, says Council

Addis Ababa May 27/2016 Africa should make proper use of its abundant mineral resources to fuel its socio-economic development, advised the Governing Council of African Minerals and Geosciences Center (AMGC).

The Council says African countries should work in collaboration to benefit from their abundant mineral resources.

Chairperson of AMGC Tolesa Shagi said Africa’s largest mineral deposits can serve as key drivers in ending poverty and realizing economic growth.

“Hence African mineral resources need to serve as key instruments for the attainment of sustainable socio-economic development under the insurance of good governance, transparency and accountability,” Tolesa said.

Mentioning Ethiopia’s case, the AMGC Chairperson who is also Ethiopia’s Minister of Mines, Petroleum and Natural Gas said capacity limitations, lack of sufficient geo-science information and low level of local value addition, among others are the challenges in the mining industry in Ethiopia.

“These challenges I believe are also the challenges of the whole Africa that would be solved mainly through the coordinated effort,” Tolesa noted.

Ugandan State Minister of Energy and Mineral Development Lokeris Peter on his part said “we have a lot of natural resources which benefit us and need African unity to negotiate with other regional bodies so that we also benefit from these resources.”

Acting Coordinator African Mineral Development Center at UNECA, Kojo Busia also said AMGC promotes collaboration among African nations to better develop the continent’s mineral resources.

AMGC will expand its membership to all African countries by maintaining excellence and benefiting the member states in capacity building, technical support and sharing experiences.

Established in 1977 under the umbrella of the United Nations Economic Commission for Africa (UNECA), the African Minerals and Geosciences Centre (AMGC) is an independent regional centre of knowledge and information for Southern and Eastern Africa.

Ethiopia, Sudan, Kenya, Uganda, Tanzania, Comoros, Mozambique and Angola are the member countries of AMGC.

Source: Ethiopian News Agency.