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World Bank. Maximizing Revenues from Natural Resource Wealth Could Yield Big Fiscal and Environmental Dividends for African Countries
The World Bank has asked Kenya to drop the requirement for mining firms in Kenya to cede at least 35 percent stake to locals.
Maximizing Revenues from Natural Resource Wealth Could Yield Big Fiscal and Environmental Dividends for African Countries
NAIROBI, May 10 (Xinhua) -- Africa's vast natural wealth including minerals, oil, gas and rare metals if prudently utilized has the ability to leapfrog the continent to new heights of prosperity besides hastening the continent's green transition, the World Bank said in a new report launched Wednesday.
The World Bank has disclosed that resource-rich governments in Sub-Saharan Africa have an opportunity to better leverage their resources