Editor’s Note: Accompanied by coups, military interventions/wars and atrocities.
Via: Business Standard
The World Bank plans to launch in July a $1 billion plan to map Africa‘s natural resources with the aim of delineating more clearly the continent’s uncovered mineral wealth.
The project, dubbed the Billion Trillion Dollar Map, “will unlock the true worth of Africa’s mineral endowment,” Tom Butler, mining specialist at the Bank’s private finance arm, the International Finance Corp, said yesterday.
Speaking in Cape Town, South Africa, Butler said most of Africa’s subsoil resources have not been surveyed.
Doing so, in a public way, would be useful to policy makers, investors and the public, helping to boost development, he said, according to prepared remarks.
“There is yet an enormous amount of wealth left to discover,” he said.