The EITI Board approved Malawi’s application at its meeting in Berne, Switzerland.
The southern African country is determined to develop its mineral resources in a transparent way.
43 countries publish roadmaps to disclose the real owners of companies in oil, gas and mining by January 2020. 20 commit to public registers.
The EITI Standard requires that companies that “bid for, operate or invest in extractive assets” should publicly disclose the identity of their beneficial owners. Over the past month, 43 EITI countries have published their plans for how to disclose the real owners of companies in their extractive sector by January 2020.
First EITI Report covering mining, oil and forestry highlights opportunities for improving sector governance.
Malawi published its first EITI Report for 2014/2015 in April 2017. The mining sector in Malawi accounts for less than 1% of the country’s GDP and about 1% of government revenue, but developing the sector has become a government priority. The petroleum sector is at exploration stage.
Seeing the woods from the trees
Regional gatherings are an opportunity to draw on cross-cutting issues and to promote debate and dialogue amongst countries. This workshop aims to explore options for mainstreaming transparency and public disclosure of data in government systems; to take stock of progress with beneficial ownership disclosures.It also seeks to share experiences between countries that have been Validated and address common barriers to compliance with the EITI Standard.