|Approval Date||28 Aug 2020|
|Planned Completion Date||31 Dec 2022|
|Last Disbursement Planned Date||31 Dec 2022|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Industry, Minning & Quarrying|
|DAC Sector Code||32110|
The project is aligned with the Africa Mining Vision (AMV), which recognizes Artisanal and Small-Scale Mining (ASM) as an important sector for socio-economic development. The overall goal is to improve formalization, efficiency and environmental management practices in the ASM sub sector in the three selected countries(Guinea Bissau, Liberia and Sierra Leone). The objectives of the project align with the new vision and strategy of the Government of Guinea-Bissau for 2015-2025 christened Terra Ranka, meaning fresh start. Through this project, the Bank, will strengthen the institutional and human capacity of government regulatory agencies to among others facilitate formalization of ASM to generate employment and improve the economic status of several stakeholders – especially those along the ASM value chain. The project is based on three (3) components: (i) Formalization of the artisanal and small-scale mining sector to create jobs and contribute to the improvement of the socio-economic life of mining communities; (ii) capacity building of regulatory institutions to enforce mining laws and regulations and (iii) Project coordination and management. The project will be carried out from July 1, 2020 to June 30, 2022.
The overall objective of the project is to improve formalization, efficiency, profitability and environmental management practices in the ASM sub sector in the selected countries. Specifically, the project aims at the following: (i) Building capacity of the extractive sector regulatory agencies, especially the Ministry responsible for Mines, to provide the needed support services to ASMs; (ii) Implement capacity building programmes for ASMs to improve safety, health and environmental aspects of their operations; (iii) Improve efficiency and sustainability of their operations through technical support by regulatory agencies.
The key Project beneficiaries are the Guinea Bissau Ministry of Energy and Natural Resources, artisanal and small scale miners, and mining industry associations; The people of Guinea Bissau through enhanced employment and wealth-creation opportunities. The project is expected to have a positive impact on the livelihoods of more than 10,000 people directly involved in the artisanal and small-scale mining sub sector in the beneficiary countries. These group of miners will receive direct training. The project will also directly train more than 500 mining regulatory officials in the selected countries. These officers are expected to provide extension services to over 200,000 ASMs in the beneficiary countries. Furthermore, business activities in these mining communities will flourish due to the enhanced purchasing power of the ASMs. Overall, the project is expected to trigger wealth creation opportunities and decent employment.
Fragile States Facility
|Last Update||01 Dec 2021|