Mining sector
This boom in foreign investment in the mining sector is mainly the result of reforms promoted by the World Bank. Since the 1980s, it has in fact advocated a strategy to revive the African mining sector based on the privatization of public enterprises and the total or partial transfer of their assets to private investors. In order to attract the latter, the governments concerned were encouraged to adopt new mining codes and to develop a set of institutional, legal and fiscal provisions aimed at making the “business climate” more favorable.