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Horn of Africa Bulletin
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HAB_4_2016.pdf
Adobe PDF, 939.76 KB
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Abstract
The extractive sector, mainly consisting of oil, gas and minerals, has great potential to contribute to economic growth. The huge potential benefits notwithstanding, extractives are also associated with a host of problems, including environmental degradation, conflicts, poverty, health problems, corruption as well as adverse impact on biodiversity, ecosystems and local communities. The experiences of Nigeria, DR Congo and Central African Republic testify to the potential for conflict in extractives. In recent years, the Horn of Africa has experienced a mineral boom. With the right institutions and policies put in place this mineral bonanza could well be an asset that helps sustain the rapid economic growth the region has registered in recent years. Apart from the usual suspects of governance problems the extractive sector in the HoA faces some unique challenges. This issue of Horn of Africa Bulletin explores these.
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2016-09-14
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With permission of the license/copyright holder