The potential of the extractives sector in sub-Saharan Africa has grown exponentially with increased investment and improved infrastructure coupled with new discoveries. Africa’s untapped potential has made it even more attractive for foreign investors. The billions of dollars circulated in these sectors require the building and maintaining of strong governance systems and structures to avoid the ‘natural resource curse’ that has plagued many oil and mineral rich countries. As a major source of wealth, the oil and gas sectors can ultimately provide countries with sources of funding to address their development needs and ensure that future generations also benefit.
Lack of knowledge and experience in the area, leading to poorly designed contracts and policies are among the multitude of challenges that arise in natural resource management. The sustainable management and development of resources must include contracts and policies that account for global dynamics, promote national interests and maximize the long-term benefits for the present and future citizens.
From 2011, ILI-ACLE has emerged as a leader in the area of oil and gas contracting in sub-Saharan Africa. ILI-ACLE has hosted public and private sector legal practitioners from across the sub-Saharan African region in high-level annual Oil & Gas Contracting training programmes in Uganda and UAE. These programmes have provided professionals with a comprehensive and practical understanding of the industry’s complex legal and regulatory frameworks, while also illustrating best practices for industry contracting. ILI-ACLE has also hosted programmes on Equitable and Sustainable Use and Valuation of Natural Resources in collaboration with the Danish Fellowship Centre and its partners.