Africa Business Magazine | Local Content Legislation: help or hindrance?
As the natural wealth of the continent has become more apparent, African governments are increasingly trying to dictate the terms of the extraction of their country’s resources. Local content legislation – designed to ensure domestic economic participation and development – is usually the mechanisms of choice to achieve this. While traditionally associated with the extractive industries, today its scope is far broader.
But what is the right approach to drafting this legislation, how should it be implemented and is it needed at all?
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