Cameroon

EITI Status Yet to be assessed against the 2016 Standard
EITI Member Since 2007
Latest Data From 2013
Website EITI Cameroon

Overview

Cameroon is a leading producer of crude oil, natural gas, bauxite, aluminium, iron ore, as well as diamonds, gold, marble, granite, sapphire, quartz and construction materials. Yet social conflicts around the management of natural resource revenues, subnational transfers to resource-rich communities and environmental impacts of the extractive industries have been widespread.

In addition to a national EITI, an EITI Students Club was established in Douala to use EITI data to support academic research and public debate and the National Assembly established an EITI committee to support implementation of the EITI Standard.

Beneficial ownership disclosure

Cameroon's 2013 EITI Report confirms that the government has no policy for the publication of beneficial ownership data. Of the 22 companies in the report, 13 were either state-owned or publicly listed. Of the remaining nine companies, five disclosed their legal owners and one company disclosed its beneficial owner. The report also shows owners of mining licenses. Although many of these appear to be physical persons, there report does not confirm whether they are also the beneficial owners. The report recommends the creation of a public beneficial ownership register.

EITI reporting allows us to publish information on the extractive sector reviewed by the government and companies. This allows the public to track the use of extractive revenues.
HE Alamine Ousmane Mey, Minister of Finance and Chair of the EITI Cameroon MSG, 3 January 2017

Production

Cameroon is a leading producer of crude oil, natural gas, diamonds, gold and sapphire, but it also produces a variety of construction materials. Ongoing development of oil and gas is taking place offshore in the Gulf of Guinea, while mining exploration is focused on roughly 40% of Cameroon’s territory.

Natural resources

Cameroon has rich deposits of crude oil, natural gas, bauxite, gold, iron ore and diamonds. Abundant oil and gas resources are found mainly in the shallow and deep-water offshore, while mineral deposits are located onshore. Cameroon is considered one of the most mineralised countries along the Gulf of Guinea, holding the second largest bauxite reserves in sub-Saharan Africa.

CommodityReservesUnitSignificance
Oil200million barrels
Gas154billion Sm3Cameroon holds arounds 0.6% of the world's natural gas reserves
Gold4500metric tons
Bauxite700,000thousand metric tonsCameroon holds the world's sixth largest deposits of bauxite
Iron ore632,000thousand metric
Diamonds18million carats
Uranium24,125metric tonsthese are potential reserves. The minimum content of the deposits is 0.1%

Initializing chart.

Initializing chart.

Revenue collection

The latest EITI disclosures (2013) show that Cameroon received USD 1.597 billion from extractive industry taxation. Over 97% of these revenues came from upstream hydrocarbons, mainly from crude oil, with the rest from oil and gas transport as well as mining. Revenues were mainly collected through SNH’s direct transfers to Treasury (45%), corporate income tax (23%) and the special revenue tax (3%).

Total government revenues

Initializing chart.

Revenue allocation

Regional and municipal governments manage only minor subnational taxes and fees, but municipalities are also entitled to a total of 28% of central government mining revenues.  

Innovations

The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.

 

  • EITI Student Club in Douala use EITI reports for academic research and public debate
  • Open data is displayed on the national EITI website: scroll down and check the Fast and Open Data section here!
  • Use of comic strips to explain the EITI
  • Inclusion of oil transit through the Chad-Cameroon Pipeline
  • Direct representation of treasury and tax office in MSG working groups to enhance reporting
  • Companies asked to sign a declaration of support to the EITI and will be required to have their reporting templates certified.
  • Review of the Finance Law to clarify the roles and responsibilities of these bodies
  • EITI-requested update of the mining cadastre to better determine company coverage
  • On 30 August 2012, the National Assembly established an EITI committee to follow implementation of the standard

Implementation

EITI has updated its workplan, including plans for capacity building and for mainstreaming of EITI reporting in government systems.

Governance

The government announced its intention to apply for EITI Candidature at the EITI Global Conference in London in March 2005. Prime Ministerial Decree 2005/2176/PM on 16 June 2005 provides the legal basis for EITI implementation and establishes the EITI multi-stakeholder group, known as the Follow-Up Committee (‘Comité de suivi de la mise en œuvre de l’ITIE’). The Minister of Finance, HE Alamine Ousmane Mey, chairs the MSG in Cameroon and Agnès Solange Ondigui Owona is the National Coordinator.

Timeline

 

Validation

Cameroon's Validation against the Standard will commence on 1 July 2017. The country is compliant under the 2011 Rules.