According to the African Union, Africa holds two fifths of the world’s uranium and gold, three quarters of the world’s platinum and 90% of the world’s diamonds. And prices of most of these commodities are soaring on world markets. Yet most Africans still live in poverty. Last year the UN reported that 35 of the world’s poorest countries are in Africa. So what explains the failure to use Africa’s riches to uplift the continents citizens? Could it be that mineral resources in Africa are a curse? In this BBC World Debate from Lusaka, Zambia host Redi Tlhabi talks to panelists including Zambia’s Finance Minister, top executives from two multinational mining companies and Clare Short , former UK secretary of state for International Development and now the chair of the Extractive Industries Transparency Initiative in Norway.
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This World Debate was produced by Ben Cashdan of the Broad Daylight Films Foundation in Johannesburg for BBC World News. With support from the Open Society Iniatitive for Southern Africa, the Extractive Industries Transparancy Initiative (EITI) and Revenue Watch (USA).