Inequality in Africa is rising to dangerous levels and unless checked will undermine the usefulness of economic growth on the continent.
Oxfam International Executive Director Winnie Byanyima said:
“Oxfam welcomes this high-level push for transparency and accountability in the oil and mining sector.
All life depends on the planet’s natural resources. But we are using these up 50% faster than the Earth can renew them.
For countries rich in minerals and hydrocarbons, natural resources should provide an essential source of financing for development.