Governments should be open about the deals they do, and show that they have put safeguards in place to protect people and the environment.
Oil, gas, mining and logging companies incorporated or listed in the United Kingdom will, starting in 2016, publicly disclose all payments they make to governments of countries in which they work following the passing into law of the European Union Accounting Directive by the British Parliament yesterday. Read More
The price governments pay for transparency is much lighter and affects only the minority-specifically rogue politicians and connected greedy business people. Read More
A series of crises in EITI countries like Ethiopia, Niger and Azerbaijan has triggered doubts about whether the scheme is really helping citizens groups there hold their governments to account.
Former Finance Minister and Senior Presidential Advisor on Finance and Planning, Ezra Suruma, has criticized the Public Finance Management Bill for vesting too much power in the office of the Minister for Finance. Read More
Uganda could have lost up to 2.43 billion dollars in tax revenue over the last ten years due to ‘trade misinvoicing’, a new report by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization has revealed. Read More
Civil society and Parliamentarians have criticised the Uganda government for with holding information on the oil and gas industry, arguing that it hinders governance of the sector. Read More
Tullow Oil’s publication this week of payments the company has made to different governments in the 24 countries it operates worldwide, including Uganda, has been applauded by transparency activists as a breakthrough in the pursuit of full transparency in the extractives sector. Read More
The Extractive Industries Transparency Initiative (EITI) Board, meeting in Oslo today, has conditionally admitted Ethiopia, United States of America and Papua New Guinea to the voluntary global transparency Standard. Read More