Skip to main content

page search

News & Events / News on Land

News on Land

Get the latest news on land and property rights, brought to you by trusted sources from across the globe.

Displaying 181 - 192 of 4991

African countries are tapping their fossil fuel wealth. Why aren’t they getting rich?

08 December 2022
 A growing body of research suggests that rather than serving as a boon for development, major fuel discoveries tend to spawn corruption and economic instability in countries that lack strong financial institutions and legal systems. More recent research suggests that these effects are not only reserved for the period after governments receive windfalls from fossil fuels. In what’s called the “presource curse,” the anticipation of oil and gas revenues may engender corruption and lead governments to prematurely restructure their economies and pile on debt.

New Country Portfolio for Guinea Bissau

23 November 2022
Guinea-Bissau has been described as a country of “precarious complexity”. Home to more than 20 ethnic groupings Guinea-Bissau fought one of the longest wars on the African continent to end centuries of Portuguese control. It finally obtained independence in 1974. Since 1980 the history of Guinea-Bissau has been marked by multiple military coups and extreme fragility. This political instability has driven up poverty and stalled legal reforms to secure land rights. In 2008 the United Nations Office on Drugs and Crime declared Guinea-Bissau to be Africa’s first ‘narco state’.  By 2019 Guinea-Bissau was the 12th poorest country in the world. It has also been identified as highly vulnerable to climate change with low lying coastal areas at risk from rising sea levels and flooding.