Extractive Industries: Committee To Recruit Conciliator For 2014 Report

Officials of the Extractive Industries Transparency Initiative are updating the public on their activities at the Yaounde government action trade fair.

The stand of the Extractive Industries Transparency Initiative, EITI, is one of those pulling crowds at the Yaounde trade fair on government action SAGO, holding at the premises of the National Museum. Early visitors took EITI officials like Hon Martin Oyono and Richard Ndi Tanto hostage yesterday, August 23, 2016 even before the official opening of the fair to understand the functioning of the committee.

After establishing its feet on the ground and complying in 2013, EITI thinks it is time to wake up from slumber and tell Cameroonians its achievements in promoting public awareness on how the country manages its oil, gas and mineral resources. The Yaounde fair is therefore an opportunity for the committee to open up to the public, with officials stating that the last two conciliation reports have been rated as good by the international community. It has been a moral booster, with the committee proposing reforms to make financial flow more traceable. EITI works with over 22 companies (oil exploration and transportation as well as mining) with an annual levy margin of FCFA 50 million.

Officials revealed that the committee was in the process of engaging a conciliator for the 2014 report. Figures for the report...