Date: 8 March 2017
Venue: United Nations Conference Centre- Addis Ababa, Ethiopia
About half of African economies are classified as ‘commodity dependent’. That is, these nations derive a substantial part of their incomes from minerals and/or hydrocarbons. Falling commodity prices, especially those of minerals and oil, yet again highlight the perils of commodity dependence and the dominant extractive model prevailing on the continent. As countries scramble to renegotiate mineral contracts to raise tax revenues, there is a real
danger of a renewed ‘race to the bottom’, with imbalanced contracts and tax incentives being granted to mining companies.
Objectives of the meeting
The key objective of this colloquium is to share details and experiences by member States and stakeholders on best practices in minerals sector and commodity boom management, as well as lessons learned from the tumultuous past five years for commodity-producing African countries. While there has been a focus as of late on identifying the economic impact of the downturn and developing diversification strategies to limit the adverse impact, this colloquium will approach the issue with two unique angles:
i) Emphasizing the role of the AMV in curtailing some of these recent negative cycles and in fact to build resilience amongst mineral producers going forward, and noting specific cases of interventions along the lines of the AMV.
ii)Focus on fiscal regimes, tax systems and the role of revenue management in improving natural resource governance and ensuring greater developmental benefits and diversification in preparation for future commodity price cycles. This will survey systems in place and yield recommendations on beneficial fiscal approaches.
The roundtable discussion will involve policy makers and experts from Pan-African institutions, CSO and academia who have been involved, directly or indirectly, in the negotiation of contracts or agreements and/or mining policy work over the last decade.
The event will be moderated by AMDC (by Mr. Kojo Busia) and TJN-A (by Alvin Mosioma).