• EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home BUSINESS

Uganda admitted as the 54th member of EITI

NELSON MANDELA | PML Daily ReporterbyNELSON MANDELA | PML Daily Reporter
September 25, 2020
22 0
17
SHARES
321
VIEWS
FacebookWhatsAppTwitter
Finance Minister Matia Kasaija speaking at the 8th meeting of the Multi-Stakeholder group of EITI on Friday (PHOTO/Courtesy).

KAMPALA – Finance Minister Matia Kasaija has on Friday applauded the decision to admit Uganda as the 54th member of the Extractive Industries Transparency Initiative (EITI) by the Board based on Oslo, Norway.

EITI is a global standard aimed at promoting transparent management, accountability and good governance of petroleum and mineral resources.

Kasaija was speaking at the 8th meeting of the Multi-Stakeholder group of EITI.

EITI implementation in Uganda will be overseen by this group comprised of 26 members representing Government, Industry and Civil society.

He said Uganda as member of EITI will disclose information relating to contracts and licenses, exploration and production, exports, revenue from extractives as well as the benefits and use of revenues accruing to Ugandans from the resources.

“Uganda’s membership comes at an opportune time for the Country, when the final investment decision for the Oil project is expected within the financial year,” said the Minister.

Kasaija called upon all Stakeholders to join hands and ensure that our natural resource benefits all Ugandans, and supports the country in the journey to middle income status.

Other EITI member countries in Africa include: Ethiopia, Ghana, Tanzania and Zambia. Uganda is the 26th Country in Africa to be admitted to EITI.

Uganda as a newly inducted member has 18 months to publish information on the sector in its first national EITI report and then submit to the International EITI board for validation.

Related

Leave a comment

Tags: Extractive Industries Transparency InitiativeFinance minister Matia Kasaijatop

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Advertisement

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us



  • EDITORIAL POLICY
  • ABOUT US

© 2022

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist