We
have
established
some
basic
tenets
of
operation,
places
the
interests
of
the
host
country
or
community
in
position
of
priority.
The
fundamentals
of
our
tenets
are
as
follows:
Backward
Integration
In
all
cases
concerning
the
development
and
utilization
of
raw
materials
and
industrial
processes,
adequate
participation
must
be
ensured
through
control
of
natural
resources
production
to
semi-finished
and
finished
products.
This
policy
is
essential
for
strategic
sectors
like
minerals
and
metals
(including
aluminium,
iron
and
steel)
construction
and
agriculture
and
gas.
Value
Addition
The
production
and
sale
of
raw
materials
is
not
seen
as
an
end,
rather
as a
means
to
an
end.
Where
the
end
product
is
unattainable,
primary
natural
resources
should
be
processed
to a
value-added
level
before
sale.
In
most
cases,
the
incremental
cost
in
processing
to a
value-added
stage
is
negligible
compared
with
loss
incurred
on
direct
sales
of
raw
materials.
Technology
The
acquisition,
transfer
and
adaptation
of
technology
is a
necessity
for
African
nations.
Technology
is
an
essential
tool
for
industrial
growth
and
self-reliance.
Technology
must
be
acquired
and
utilized
in
the
context
of
its
adaptability
to
prevailing
local
conditions.
Sustainable
Development
The
development,
utilization
and
consumption
of
natural
resources
must
necessarily
be
calculated
against
the
objectives
of
sustainable
growth
and
development.
It
is
our
responsibility
to
leave
a
better
tomorrow
for
future
generations.
Foreign
Investment
A
fundamental
tenet
of
growth
and
development
is
the
attraction
of
foreign
investments.
As
developing
nations
compete
for
investor
funds,
African
nations
must
create
a
conducive
investment
climate
to
attract
and
retain
global
investor
funds.
