ENSURING APPROPRIATE LOCAL CONTENT ARRANGEMENTS IN NATURAL RESOURCES EXPLOITATION: DRAWING EXPERIENCE FROM THE TANZANIA’S EXTRACTIVE SECTOR
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Keywords:
Local content, local population, increased participation, arrangements, investment project, natural resources, benefitsAbstract
This paper describes local content as a government tool intended to ensure increased participation of local population in accessing benefits from investment projects which are carried within their vicinities. However, in order for this tool to yield the expected positive significant impact, it is necessary that appropriate arrangements are established to regulate a particular investment project.
This paper studies the elements of local content generally and the local content arrangements of the Tanzania’s extractive sector, how they facilitate the local population to archive the benefits which are available in the extractive investment projects. The paper unearths critical issues in the performance of local content for economy’s growth and for improving the conditions of living. The author concludes with the way forward to improve the functioning of local content. This paper contains an evolution of ideas as contained in the author’s Ph.D. Thesis at the St. Augustine University of Tanzania.
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