From: News Release – African Press Organization (APO)
PRESS RELEASE
Forum wraps Up with Suggestions for Sustainable Use of Africa’s Natural Resources
Africa accounts for 60 per cent of the world’s uncultivated arable land that need to be protected against rapacious speculation
ADDIS ABABA, Ethiopia, October 29, 2012/ — The eighth African Development Forum (ADF VIII) wound up in Addis Ababa, Ethiopia, on Thursday with the adoption of a Consensus Statement suggesting better ways in which African countries can use their natural resources to promote people-centered sustainable development.
The 11-page document is the tangible result of the October 23-25 forum on the theme “Governing and Harnessing Natural Resources for Africa’s Development.”
It focused on how to generate maximum benefits from the exploitation of Africa’s lands, minerals, fisheries and forests for the benefits of the people.
On land, which has come under intense speculative pressure from local and foreign investors, the document calls for scientific and methodical approaches to land issues that would guarantee transparency, equity and sustainability.
These include strengthening policy, access, property rights, and investment in large scale agriculture in line with the existing Comprehensive African Agriculture Development Programme (CAADP).
Africa accounts for 60 per cent of the world’s uncultivated arable land that need to be protected against rapacious speculation.
In an open letter to Forum participants, OXFAM said some 50 million hectares had been acquired in 700 transactions in recent years.
However, the mining sector incarnates the paradox of Africa’s natural wealth, where bounty breeds penury. According to the Consensus Statement, Africa ranks first or second in known world reserves of bauxite, chromite, cobalt, industrial diamond, manganese, phosphate rock, platinum-group metals, soda ash, vermiculite and zirconium. The continent is home to one-fifth of global gold and uranium supplies, while over 30 countries produce oil and gas in commercial quantity.
To resolve this dilemma, the Forum, among other measures, called for the implementation of the African Mining Vision adopted by African leaders in 2009. The vision sets out how mining can be used to drive the development of their countries.
According to the document, “transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development is the major challenge for African countries today.”
On fisheries and aquatic resources, the Forum called for the strengthening of policies, legislation, strategies, investment and collaboration among states in various areas to develop the sector. Greater attention also needed to be paid to the New Partnership for Africa’s Development (NEPAD) action plan on inland, coastal and marine fisheries and aquaculture at the national and regional levels. Africa loses a million tons of fishery resources estimated at over US $600 million annually to illegal and unreported fishing.
The forum dwelt at length on the need for the sustainable exploitation and preservation of Africa’s forests estimated at 675 million hectares or 17 per cent of global forests. The need for sustainable exploitation of the Congo Basin, the second largest forest in the world, was a recurrent theme at the gathering.
The Statement cited policy, legal, regulatory, economic, governance, equity, knowledge, institutional and environmental constraints as critical to the sustainable management of Africa’s forest resources with a developmental vision.
“Overcoming these constraints is key for attaining inter-sectoral linkages between agriculture, forest, industries and human settlement in Africa,” the document added.
The ADF, a United Nations Economic Commission for Africa biennial event is convened in collaboration with the African Union Commission, African Development Bank, and other partners to establish an African-driven development agenda that reflects consensus and leads to specific programmes for implementation. It is usually attended by some 1,000 participants including Heads of State and Government, African Member State policy-makers, development partners, other United Nations agencies, intergovernmental and non-governmental organizations (IGOs/NGOs), academia, practitioners, civil society organizations (CSOs), the private sector, eminent policy and opinion leaders, and the media.
Distributed by the African Press Organization on behalf of the African Development Bank.
Contact: Felix Njoku – n.njoku@afdb.org – +216 71 10 2612
SOURCE
African Development Bank (AfDB)