Post #90

🌍 Who Is Most Demanding? Today Western media is full of complaints about the treacherous "resource nationalism" of African governments. On the other hand, African politicians themselves in their speeches adore revoking the need to make resource extraction work for the benefit of the nation. So, a curious person cannot help but wander: To what extent are different African governments actually committed to nationally oriented resource exploitation? We took up the challenge of figuring out. We chose 2 parametres as a litmus test for each country: 🔸 To what extent should raw materials be processed domestically before exporting? (Id est at what stage of beneficiation can a material be exported according to the national law?) 🔸 What share of newly created mining enterprises does each government legally assign to state-owned equity or local investors? We only zeroed in on 22countries of West and Central Africa. In addition, we've only considered the main type of resource exports of each country in accordance with its share in export revenues (e.g. gold for Ghana, oil for Nigeria etc). 📋 The results of this humble research are on the pictures above. See the explanation below. 👇