The EITI Board recognises Tanzania’s efforts to implement extractives transparency
The EITI Board recognises Tanzania’s efforts to implement extractives transparency
Tanzania Extractive Industries Transparency Act (TEITA) 2015 mandates revenue and contract disclosures.
25 October 2017 –The EITI Board today recognised Tanzania’s meaningful progress in implementing the 2016 EITI Standard.
The Board affirmed Tanzania’s efforts to institutionalise extractive sector transparency by adopting the Tanzania Extractive Industries Transparency Act (TEITA) 2015, mandating revenue and contract disclosures. The Validation has demonstrated that “the EITI process has provided useful information to the public domain, and that there are further opportunities for the EITI to contribute to the government’s reform agenda.”
In the Validation report, the Board “further highlighted the potential for the EITI to contribute to informing and communicating the outcomes of sector reforms Tanzania.”
Recommendations
In reference to Tanzania’s validation, Fredrik Reinfeldt, Chair of the EITI, said:
“Validation has shone a light on the need for more comprehensive disclosures about production and export data and the management of revenues from the extractive industries. It has identified gaps in available information on some of the state-owned enterprises in the petroleum and mining sectors and the revenues that accrue from those activities to the state budget.”
The Board highlights Tanzania’s achievement of satisfactory progress on eight requirements of the EITI Standard. These requirements are engagement of industry and civil society, legal and fiscal framework, exploration data, disaggregation, timeliness, and documenting outcomes and impact of implementation.
Scorecard
Notes
- Validation is the EITI’s independent evaluation mechanism. It assesses countries against progress made in meeting the 2016 Standard.
- The Board decision in full, including corrective actions and impact of the EITI in the country, can be found here: eiti.org/validation/tanzania/2017
- The reports giving an extensive review of Tanzania's extractive sector can be found here.
- The Board has taken decisions on the status of Tanzania on 25 October 2017: eiti.org/document/validation-schedule-decisions
- See here for a full explanation of the various levels of progress under the EITI Standard.
- See the full 2017 validation page for Tanzania here.
- See here for a full explanation of the various levels of progress under the EITI Standard.
- For further information about the EITI in Tanzania, please visit the country page on the EITI website and Tanzania's own EITI website.