Playing smart with the game of negotiating

	Strap: Playing smart with the game of negotiating VO Globally, there are many countries with different natural resources at different stages of exploitation. However, not all natural resource-endowed countries have maximized benefits from their resources. This brings in to the picture how countries including Norway, Brazil, UAE, and the United Kingdom have ensured that they benefit from their resources, unlike many mineral-rich countries especially in Africa. The reason is that, for a country to benefit from its natural resources requires critical chain of decisions to be taken. These includes having the right domestic foundations for resource governance, deciding to extract when appropriate, having what it takes to negotiate a good deal, capacity to manage the revenues, investing for sustainable development as well as taking advantage of what the international community can offer. On the issue of how countries can negotiate a good deal, Ghana for instance could only manage between three to five percent of royalties for its Jubilee field commercial oil exploitation. Speaking on the on how virgin-mineral-endowed countries can play the game of negotiating right, Kwami Ahiabenu of Penplubyte believes a country's stock of data is crucial to getting the right deal. But how does a country ensure adequate data to stand a better chance in negotiating. George Lugalambi who is a capacity development officer with the Natural Resource Governance Institute, speaks on Uganda's proposal to invest in data. A report by Kwesi Agyei Annim, Dar Es Salaam, Tanzania. End.' Download Files (155 MB total) Tanzania Playing the negotiating game.mov Will be deleted on 24 October, 2016