UN agency says "intelligent management" of natural resources key to Africa's developmentListen /
Sustainable and optimal management of Africa's natural resources will be crucial to achieving long-term development and poverty alleviation, according to the UN Environment Programme (UNEP).
Agency chief Achim Steiner says as Africa still has many resources which are increasingly in short supply in other parts of the world, the continent stands to be a key player in framing what he called "more intelligent management" of the natural world.
UNEP is based in Nairobi, Kenya, where African ministers, economists, scientists and development experts wrapped up a meeting on Wednesday aimed at incorporating the valuation of natural resources in development planning and accounting.
A report released last year by UNEP and the Kenya Forest Service found that deforestation had deprived that country's economy of nearly $70 million in 2010.
However, recent economic valuations of Kenya's forests have resulted in efforts to conserve and rehabilitate this vast natural resource.
Dianne Penn, United Nations.