Local Content in the Extractives Sector: Insights for New Producing Countries
OCP Policy Center, Rabat
Africa is endowed with an abundance of renewable (e.g. forestry, water, wind, solar etc.) and non-renewable (extractives, oil, gas, minerals) natural resources. It is estimated that the continent accounts for about 15% of global oil reserves, 40% of its gold, 80% of platinum group metals, 23% of land area, 7% of forests and 4% of inland water. The continent is also host to a variety of other solid minerals.
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