Twitter Icon Envelope icon

The Future of Resource Taxation Under the Africa Mining Vision

The Future of Resource Taxation Under the Africa Mining Vision

Event Details

Date:

May 5, 2022

Location:

Virtual

Resources:

The Intergovernmental Forum on Mining (IGF), the African Tax Administration Forum (ATAF), and the Tax Justice Network Africa (TJNA) hosted this webinar to discuss transformations in the mining sector and the need to rethink the future of resource taxation in Africa to achieve the African Mining Vision.

This webinar was an official side event of 2022 Alternative Mining Indaba.

Moderator
  • Chenai Mukumba, TJNA
Presenters
Confirmed Panelists
  • Ezera Madzivanyika, ATAF
  • Roshelle Ramfol, The University of South Africa (UNISA)
  • Kalale Mambwe, Zambia Revenue Authority (ZRA)
  • Yao Graham, Third World Network (TWN)

The Africa Mining Vision
The African Union developed the Africa Mining Vision in 2009 to foster a “transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development.” Due to its slow implementation, the Africa Union Conference of Ministers in 2017 developed African Minerals Governance Framework (AMGF) to measure countries’ mineral economic and governance capacity vis-à-vis the Africa Mining Vision. A key outcome of Pillar 3 of the AMGF on fiscal regime design and revenue management is ensuring that African governments optimize their share of revenue accruing from mineral extraction through: improved policy; legal and fiscal instruments for revenue maximization and increased investment in the mineral sector; and the prevention of illicit financial flows.

The Future of Resource Taxation
With mining at a nexus of important global phenomena: the impact of climate change and the push to green the world economy; the development of new technologies affecting labour markets; and global calls to address inequalities in part through tax reforms. These trends are raising the importance of mining both for its mineral and financial outputs. In this context, governments will need new and innovative fiscal measures to protect the public’s financial interests during the next generation of resource extraction. As such, the IGF partnered with the ATAF in 2020 to launch The Future of Resource Taxation to re-think how developing countries benefit financially from their mineral resources.