Natural resources. --- With such a vast of natural resources endowered in Africa but accrual of economic benefits to the most African countries deemed not significant enough. In safeguarding these natural resources and atleast to have a fair share with the multinational companies, legal reforms are highly needed by countries which will gives governments the right to tear up and re-negotiate contracts for win-win situations. It was possible in Tanzania whereby in 2017, the government revised and reformed its legal, regulatory and fiscal frameworks of all its natural resources. Among other things, government increased royalties tax and made mandatory for all mining companies to be listed in Dar es salaam stock exchange (DSE) as part of measures aimed at increasing transparency.

Source author: Frank John Mhina frankmhina01@gmail.com