African Natural Resources Center

About the African Natural Resources Center

The African Natural Resources Center is a non-lending department of the African Development Bank (AfDB)with a mandate to assist African countries maximize development outcomes derived from natural resources.

The Center boosts the capacity of African countries to achieve inclusive and sustained growth from natural resources. To achieve this, it provides practical knowledge and expertise, advisory services, technical assistance and advocacy for improved and transparent management of renewable and non-renewable resources. Read more


This report, the first study in Africa, explores how African governments use financial models to manage oil & gas and mining projects. Jointly produced by the African Natural Resources Center of the AfDB and Open Oil, a boutique financial advisory firm, the study begins with the simple notion that no investor would ever approach an investment decision on an extractive project without the backing of a comprehensive financial model. Such a model would link expected production profile, prices, capital and operating expenditure and corporate tax rates to the projected cash flow of the project and its profitability. Read more