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ARTICLE · 23 DECEMBER 2013

Africa Rising - legislative certainty needed for mining projects

DLA Piper Australia
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The article looks at the importance of legislative and political stability in delivering African resources projects.

AustraliaEnergy and Natural Resources
David Nancarrow
David Nancarrow
Patrick Mohen
Patrick Mohen

LEGISLATIVE CERTAINTY NEEDED TO KEEP RICHES FLOWING

David Nancarrow and Patrick Mohen look at the importance of certainty of law in delivering African resources projects.

United States President Barack Obama commenced his 2013 African tour with a speech in Senegal stating that "Africa is rising... This is going to be a continent that is on the move. It is young. It is vibrant and full of energy". Africa is indeed rising. According to the World Bank, half of the world's ten fastest growing economies are in Africa. However for Africa to continue its economic and social rise the continent must ensure it provides investors, both local and international, with political stability and clear, certain and transparent legislative systems.

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