You are here

Home

Error message

  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; ctools_context has a deprecated constructor in require_once() (line 113 of /homepages/18/d407955882/htdocs/crnd7/sites/all/modules/ctools/ctools.module).
  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; ctools_context_required has a deprecated constructor in require_once() (line 113 of /homepages/18/d407955882/htdocs/crnd7/sites/all/modules/ctools/ctools.module).
  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; ctools_context_optional has a deprecated constructor in require_once() (line 113 of /homepages/18/d407955882/htdocs/crnd7/sites/all/modules/ctools/ctools.module).
  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; panels_cache_object has a deprecated constructor in require_once() (line 113 of /homepages/18/d407955882/htdocs/crnd7/sites/all/modules/ctools/ctools.module).
  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; views_display has a deprecated constructor in require_once() (line 3097 of /homepages/18/d407955882/htdocs/crnd7/includes/bootstrap.inc).
  • Deprecated function: Methods with the same name as their class will not be constructors in a future version of PHP; views_many_to_one_helper has a deprecated constructor in require_once() (line 113 of /homepages/18/d407955882/htdocs/crnd7/sites/all/modules/ctools/ctools.module).
  • Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in _menu_load_objects() (line 569 of /homepages/18/d407955882/htdocs/crnd7/includes/menu.inc).
CRN
Saturday, January 18, 2020 - 11:37
The African Development Bank allocated a 1.2 million Euros to provide training to help resource-rich countries improve their mining revenues.
 
The Bank’s Regional Development approved its first grant for the project on financial modelling for the extractive sector in December.
 
In a statement to CRN, the project will be implemented in Africa’s transitional countries from 2020 to 2022.
 
First beneficiaries include eight Guinea, Liberia, Niger, Mali, Madagascar, South Sudan, Sierra Leone and Zimbabwe.
 
The project will train policymakers responsible for the extractive sector to realize greater returns from natural resource investments in their countries.
 
The Bank’s African Natural Resources Centre or ANRC will implement the pilot project in the eight beneficiary countries.
 
“Africa’s transitional countries need to build state capacity to mobilise revenues from natural resource investments, to address reconstruction, infrastructure and socio-economic priorities”, said Vanessa Ushie, Manager of the Policy Analysis Division in the African Natural Resources Centre. 
 
The official added that “the FIMES project will equip transitional countries with the right skills and knowledge to enhance domestic resource mobilisation for accelerated growth and sustainable development”.
 
She said “given the strategic importance of natural resource revenues for building peace, stability, and resilience in transitional settings, the project is timely for the Bank and the beneficiary countries.”
 
African Development Bank research shows that many African governments do not extensively use financial models to inform investment decisions, or monitor revenue flows from extractive industry concessions, leading to significant revenue losses.
 

Catholic Radio Network

SCBC General Secretariat
PO Box 258
Hai Jerusalem
Juba - South Sudan
catholicradionetwork.org

+211 0924217188
+211 0910564038
+211 0954005487