New development approach to natural resource governance

In support of CoDA’s continual efforts to build and be part of engagement in rigorous and candid dialogue on crucial, and at times controversial, questions of vital interest to the future of the continent, the Executive Director of the CoDA Secretariat, Ms. Souad Aden-Osman actively participated in a Colloquium on ‘The New Developmental Approach to Natural Resource Governance: Lessons Learnt, Experience sharing and Emerging Practices for Parliamentarians and Political Party Leaders in African Countries’. The colloquium was held on the margins of the Investing in African Mining Indaba Conference and was held from 6 – 7 February 2018 in Cape Town, South Africa.

During the meeting, Ms. Aden-Osman was also requested to moderate a session on Assessing Progress towards Regional Developmental Frameworks for Natural Resource Governance. The Objectives of the session were to present the progress made by SADC, ECOWAS and CEMAC towards Regional Developmental Frameworks for Natural Resources Governance and the Challenge there are facing in this process. She delivered remarks to this effect and also highlighted the necessity for the Regional Economic Communities (RECs) to be aware of the linkages between Natural Resource Governance and stemming Illicit Financial Flows (IFFs) in their respective regions.

Drawing from the findings of the High Level Panel Report on IFFs from Africa (download here: https://www.uneca.org/iff), Ms. Aden-Osman stressed the importance of the efficient governance of natural resources at all levels as well as the diversification of sources of national income given that countries with a dependence on natural resources extraction makes them vulnerable to illicit financial flows.

The Executive Director was also interviewed by members of the media and she spoke in detail about the work of CoDA on IFFs as well as the institution’s numerous plans to further Africa’s efforts to address this phenomenon. The full interview can be found here:

20 FEB 10AM / Africa of the Future –

The Colloquium was also attended by numerous high level dignitaries including government officials, heads of RECs, Pan-African institutions, Intergovernmental Organizations and the media.