Do Angolan extractive resources benefit the people? The role of the EITI
This event discussed Angola’s plans for EITI implementation and its role in addressing anti-corruption and other governance concerns in the sector.
Date: 17 November 2022
Time: 10:45 to 12:15 CET
Location: Oslo Congress Centre, Youngsgate 21, Oslo
Registration: Registration closed
The session discussed Angola’s plans for EITI implementation and the role that different stakeholders see the initiative playing in addressing anti-corruption and other governance concerns in the sector. It looked at how the government was able to lead the process of EITI sign-up and ensure that EITI implementation results in the desired impact.
Speakers from the government, industry and civil society constituencies addressed the following questions:
- What are the most pressing challenges in Angola’s extractive sector at the moment?
- How do EITI plans in Angola relate to national priorities?
- How can public disclosures of data and a platform for dialogue be fully utilised to ensure public accountability?
- What is the role of industry, government and civil society in EITI implementation in Angola?
The panel discussion took place as part of the Conference "What now Angola? – Prospects for energy, elections & economy" co-hosted by Fellesrådet for Afrika - Norwegian Council for Africa and Kirkens Nødhjelp.
- Gisela Granado, Policy Director, EITI International Secretariat
- Rev. Daniel Ntongi-Nzinga, President- TCHOTA, Angola
- Erik Nürnberg, Legal Manager, Equinor ASA and EITI Board Member
- Prof. Ivar Kolstad, Professor of Business Ethics, Norwegian School of Economics
Angola is the second largest oil-producing country in Africa. Its economy is heavily dependent on oil and gas production accounting for about a third of the country’s GDP. In 2020, oil exports contributed USD 18 billion of the country’s USD 20 billon total exports in 2020. The country also has a significant mining sector with diamond exports totalling over USD 1 billion in 2020.
Transparent and accountable management of the extractive sector in Angola is critical to ensuring that benefits from this resource wealth contribute to transformative developmental impact. Good governance of the extractive sector requires public participation and evidence-based structured dialogue between government, industry and citizens. As an EITI implementing country, Angola is required to make disclosures of information across the extractives value chain.