Public Management

Côte d'Ivoire Revamps National EITI Council to Enhance Transparency in Extractive Industries

Côte d'Ivoire Revamps National EITI Council to Enhance Transparency in Extractive Industries
Monday, 22 April 2024 18:51

Following an evaluation conducted in April 2023, Côte d'Ivoire achieved a score of 80.5 out of 100 in its implementation of the Extractive Industries Transparency Initiative Standard. This score highlights areas where the country can further improve its management of extractive resources.

This week, the Ivorian government approved a decree establishing the National Council for Extractive Industries Transparency Initiative (CN-ITIE), detailing its structure and functions. This restructuring aligns with recommendations from the EITI's assessment of the country in April 2023.

In a statement from the Council of Ministers on April 17, it was noted, "This decree notably strengthens the participation of extractive companies, civil society, technical and financial partners, as well as researchers in the bodies and meetings of the CN-ITIE, aiming to ensure transparency in the management of national mining and energy resources in line with EITI process standards."

Following Côte d'Ivoire's evaluation score of 80.5, the EITI proposed various measures to local authorities to enhance EITI Standard implementation. These recommendations include enhancing the representation of NGOs within the "civil society" component of the CN-ITIE and bolstering the capacities of this segment. Additionally, the EITI Board suggested disclosing the ultimate beneficiaries of all companies holding or applying for extractive licenses and leveraging EITI disclosures to stimulate discussions and support reforms.

Established in 2003, the EITI aims to improve natural resource management, governance, and accountability in the public and extractive industry sectors. The organization has been instrumental in highlighting opaque or unfavorable mining contracts to governments. A recent example is in the DRC, where the EITI assisted the Congolese state in securing an additional $4 billion in an agreement with China.

Emiliano Tossou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc. Funds to support clean energy, water treatment, and sustainable...
World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP. Ivory Coast's tax revenue...
• NSIF denies rumors of interest in buying Chococam, saying it is focused on other projects.• Cadyst Invest, linked to Célestin Tawamba, is rumored to...
• AXA sells 80% of AXA Crédit Morocco to Stellantis’ Fidis arm• Stellantis to offer bundled car sales, financing, and insurance• Move aligns with...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...

Malawi’s Election Puts Incumbent Chakwera to the Test on Inflation and Fuel Shortages
05

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.