World Bank-led, online database brings transparency to Africa's mining sector
Laws and regulations covering mineral resources across all 53 African countries will become freely available via a World Bank-led online mining database, the African Mining Legislation Atlas (AMLA) by the end of the year.
Recently-appointed SARChI Research Chair for Mineral Law in Africa, Professor Hanri Mostert at UCT, which is AMLA’s curating partner, said: “It is well known that one of the barriers to investment in the African resource sector is the absence of certainty about legal frameworks for investors’ trying to make decisions on whether to invest in a particular jurisdiction or not.
“More astonishing is how inaccessible information to these legal frameworks can be, even in jurisdictions that have comprehensive laws governing the mineral resource sector. In some countries, documents as basic as mining statutes are not freely available at all. That can be a major deterrent to international investors.”
Apart from enabling a more transparent mining sector, accessibility of information and making resource investment decisions in Africa easier, AMLA also aims to build indigenous capacity for the creation and implementation of legal frameworks and governance.
Monstert said: “There is a real need for laws in African countries to take into account the realities of a modern day market economy and current mining techniques, but also the value systems of the jurisdictions that must be served by these laws.
“Right now, doom and gloom seem to dominate debate about African mineral resource extraction, due to the drop in commodity prices. However, an economic slump provides a window of opportunity for many African countries to consolidate and improve their legal frameworks governing extractive enterprises.”
SOURCE: [Mining Review]
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.