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{
    "id": 480462,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/480462/?format=api",
    "text_counter": 399,
    "type": "speech",
    "speaker_name": "Sen. Wetangula",
    "speaker_title": "The Senate Minority Leader",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": " Thank you, Madam Temporary Speaker, for giving me a chance to contribute to this very critical Report. I had started by lauding the Committee for doing such great work and even coming up with the Draft Bill. I also pointed out to the Chair of the Committee that there is or has been an identical Bill in the Lower House and that probably they should look at the content and see if it is radically different from our Draft Bill. Madam Temporary Speaker, minerals play a very critical role in many economies. In Africa, countries with vast mineral resources where they have been well managed have made major strides in their economic development. Before Zimbabwe veered off the road, it had one of the strongest sub-saharan economies because of mineral extraction. The engine of the South African economy, which has of late been overtaken by Nigeria as the largest Gross Domestic Product (GDP) is also mineral-based. Angola has become immensely rich with a very huge GDP and per capita because of extraction of hydro- carbons, commonly called oil. Congo has probably the richest reserves of minerals that have never benefitted the people of the country. Eritrea has vast deposits of gold and other minerals but it is on the wrong path; the money has not benefitted its people. That is why when we talk of mineral wealth, you either get it right from the start or you get it wrong and you will find it very difficult to come back to the beaten path. The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}