New AfDB, OpenOil report shows gaps in extractive resources management

The African Development Bank (AfDB) and Berlin-based financial analysis firm OpenOil are hoping to trigger a new debate within Africa’s oil and gas and mining sectors with the publication of a jointly produced report on how African governments use financial models to manage projects. In an effort to support African countries in realising the full potential of their natural resources and contribute to countries getting more out of their mining projects, the report, ‘Running the numbers: How African governments model extractive projects’, analyses the capacity of 19 African resource-rich countries to use financial models.