Rethinking Tax Incentives in the Mining Sector in Africa

Due to various global crises and their subsequent socio-economic implications, governments across Africa face unprecedented challenges to mobilize the resources required to support economic recovery across all sectors of the economy, including the mining sector. While mineral resources represent a significant opportunity for domestic resource mobilization, most African countries have failed to fully realize the expected revenues from the sector due to several external and internal factors, including poorly designed and overly generous tax incentives.