sharing in governance of extractive industries
Some of you might be interested in this recently published paper: Local Content Regulation as a Differentiator for Inward Investment in Africa (click on link above). The paper compares six sets of LC regulations across Africa (Nigeria, Ghana, Sierra Leone, Angola, Tanzania, Mozambique) to ask whether more refined Local Content regulation might provide a public policy tool to attract (rather than deter) foreign investment.
The paper is authored by Dr Michael Warner, Director of Local Content Solutions Ltd, based on a study funded by German Cooperation/GIZ in support of the newly-formed Local Content Agency, Sierra Leone.
Extract: "It will not be too long before African governments, with their dependency on revenues from capital projects in the natural resources and related infrastructure sectors, realize that the crafting or reform of Local Content regulation carries an opportunity to reposition Local Content as a differentiator among nations - a policy tool to not only drive economic and industrial development, but also an instrument to improve a country’s relative attractiveness to inward investment. One such case is the government of Sierra Leone, and the recent passing of the Sierra Leone Local Content Agency Act".
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