Africa is endowed with
abundant natural resources, including 30% of the world’s mineral reserves, 12%
of global oil reserves, and 8% of natural gas reserves, according to the United Nations Environment Programme (UNEP).
However,
unlike regions where resource management promotes shared prosperity, Africa
continues to grapple with the paradox of “poverty amidst plenty.”
This disconnect is largely attributed to weak corporate accountability, a lack
of transparency, and poor governance in the extractive sector.
Evidence globally
demonstrates that fostering accountability and improving governance in resource
extraction, utilization, and revenue management can drive equitable
development. Africa, however, loses approximately USD 195 billion annually in natural capital—including through illegal activities—further
underscoring the urgent need for reform.
In collaboration with local
and international partners, CEDA actively supports country-led initiatives that
prioritize corporate accountability, transparency, and good governance in
natural resource management. Guided by frameworks such as the Africa Ministerial Conference on the Environment (AMCEN), CEDA influences policymakers and stakeholders to ensure Africa’s
resources are managed sustainably. These efforts aim to drive inclusive growth,
reduce poverty, and promote sustainable socioeconomic development in line with
the African Union’s Agenda 2063 and the
Sustainable Development Goals (SDGs).
