{"id":9137,"date":"2020-09-15T14:52:47","date_gmt":"2020-09-15T14:52:47","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9137"},"modified":"2020-09-15T14:52:47","modified_gmt":"2020-09-15T14:52:47","slug":"eiti-recommends-togo-seychelles-for-making-meaningful-progress","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/eiti-recommends-togo-seychelles-for-making-meaningful-progress\/","title":{"rendered":"EITI Recommends Togo & Seychelles For Making Meaningful Progress"},"content":{"rendered":"

Togo<\/strong><\/p>\n

The Board came to the following decision regarding the Validation of Togo:<\/p>\n

The EITI Board agrees that Togo has fully addressed five of the seven corrective actions from the country\u2019s first Validation. Consequently, Togo has made meaningful progress overall with implementing the EITI Standard, with considerable improvements across the remaining two individual requirements.<\/p>\n

The Board recognises Togo\u2019s efforts to use the EITI to as a driving force for reforms in the mining sector with the revisions to the Transparency Code and the Mining Sector Governance Development Project, in the context of broader regional public financial management reforms. The Board takes note of the MSG\u2019s efforts in using the EITI to improve transparency in the marketing of precious minerals, mineral transportation, and groundwater exploitation.<\/p>\n

The Board congratulates Togo for its efforts to enhance transparency of the two state-owned companies (SOEs) in the extractive sector, the Societe Nouvelle des Phosphates du\u202fTogo\u202f(SNPT) and la Soci\u00e9t\u00e9\u202fTogolaise\u202fdes Eaux (TdE), by providing more information on the financial relationship between the state and SOEs, including the publication of SNPT\u2019s audited financial statements. The Board encourages Togo to consider ways of systematically disclosing the rules and practices related to state participation in the extractive industries within routine government systems.<\/p>\n

The Board welcomes Togo\u2019s expansion of EITI disclosures to subnational transfers of non-extractive revenues in light of robust popular demand for greater clarity on subnational revenue flows, effectively using EITI reporting to improve transparency and accountability in public financial management.<\/p>\n

The Board encourages Togo to further strengthen the multi-stakeholder oversight of EITI implementation, including by clarifying the rules and procedures related to all constituencies\u2019 representation on the EITI Steering Committee. Each constituency is urged to consider gender balance in their representation to progress towards gender parity. The Board encourages the Government of Togo to review the Decree institutionalising the EITI to ensure it reflects the evolution of the EITI Standard and is sufficiently flexible to cover systematic disclosures of EITI data through routine government and company systems.<\/p>\n

The Board recognises the efforts of the tax office (Office Togolais de Revenues) to mainstream disclosures of extractive revenue data collaboration. Togo is encouraged to use EITI reporting as a means of strengthening systematic disclosures of information on licenses, contracts and the implementation of barter-type agreements.<\/p>\n

The Board recognises the government\u2019s efforts to ensure the publication of extractive contracts and encourages the MSG to assess the comprehensiveness of contract disclosure practices to date and explore opportunities for collating all mining contracts in a single repository to facilitate access to key stakeholders.<\/p>\n

The Board has determined that Togo will have 12 months, i.e. until\u00a011 September 2021<\/strong>\u00a0before a third Validation to carry out corrective actions regarding MSG oversight (1.4) and workplan (1.5).\u00a0 Failure to achieve satisfactory progress in the third Validation will result in temporary suspension in accordance with Article 6 of the EITI Standard. In accordance with the EITI Standard, Togo\u2019s Multi-Stakeholder Group (MSG) may request an extension of this timeframe or request that Validation commences earlier than scheduled<\/p>\n

Seychelles<\/strong><\/p>\n

The Board came to the following decision:<\/p>\n

The EITI Board agrees that Seychelles has fully addressed three of the eight corrective actions from the country\u2019s first Validation. Consequently, Seychelles has made meaningful progress overall in implementing the 2019 EITI Standard, with considerable improvements across several individual requirements.<\/div>\n
<\/div>\n
The Board congratulates Seychelles for transitioning to an approach to EITI implementation that is proportionate considering the role of the extractive sector in the Seychellois economy. The successful disclosure of summary data covering financial years 2017 and 2018 and the publication of contextual information on the websites of PetroSeychelles and other government institutions is commendable. Seychelles in encouraged to disclose information on the management and monitoring of the environmental impact of the extractive industries.<\/div>\n
<\/div>\n
The adoption of beneficial ownership legislation that guarantees public access to information regarding the beneficial owners of extractive companies demonstrates Seychelles\u2019 commitment to transparency that is embedded in government systems. The government and extractive companies are encouraged to ensure that corresponding disclosures are comprehensive, reliable and timely.<\/div>\n
<\/div>\n
Seychelles is encouraged to ensure that multi-stakeholder oversight of the EITI corresponds to the new approach to implementation. The multi-stakeholder group has an important role in overseeing the comprehensiveness, reliability, accessibility and timeliness of routine disclosures of data.<\/div>\n
<\/div>\n
The Board has determined that Seychelles will have\u00a018 months<\/strong>\u00a0before a third Validation, i.e. until 11 March 2022,<\/strong>\u00a0to carry out corrective actions regarding work plan (Requirement 1.5), license allocations (Requirement 2.2), license register (Requirement 2.3), contracts (Requirement 2.4), beneficial ownership (Requirement 2.5), data accessibility (Requirement 7.2) and outcomes and impact (Requirement 7.4). Failure to achieve satisfactory progress in the third Validation will result in temporary suspension in accordance with Article 6 of the EITI Standard. In accordance with the EITI Standard, Seychelles\u2019 Multi-Stakeholder Group (MSG) may request an extension of this timeframe or request that Validation commences earlier than scheduled.<\/div>\n","protected":false},"excerpt":{"rendered":"

Togo The Board came to the following decision regarding the Validation of Togo: The EITI Board agrees that Togo has fully addressed five of the seven corrective actions from the … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[5692,712,4233,2288,8425,2551],"class_list":["post-9137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-data","tag-eiti","tag-extractives","tag-seychelles","tag-togo","tag-transparency","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/EITI-Extractive-Industries-Transparency-Initiative.jpg?fit=660%2C387&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2nn","jetpack-related-posts":[{"id":1569,"url":"https:\/\/www.oilnewskenya.com\/index.php\/seychelles-accepted-as-extractive-industries-transparency-initiative-candidate\/","url_meta":{"origin":9137,"position":0},"title":"Seychelles accepted as Extractive Industries Transparency Initiative Candidate","author":"Samuel Kamau Mbote","date":"August 6, 2014","format":false,"excerpt":"Seychelles has been accepted by the Extractive Industries Transparency Initiative (EITI) Board as a\u00a0Candidate country\u00a0to the EITI, the global transparency\u00a0standard. Seychelles joins 45 other countries that have signed up to the EITI Standard, which requires extensive disclosure and measures to improve\u00a0accountability\u00a0in how oil, gas and\u00a0minerals\u00a0are managed. A candidature country is\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2403,"url":"https:\/\/www.oilnewskenya.com\/index.php\/burundi-commits-to-implement-the-eiti\/","url_meta":{"origin":9137,"position":1},"title":"Burundi commits to implement the EITI","author":"Samuel Kamau Mbote","date":"February 4, 2015","format":false,"excerpt":"The Government of the Republic of Burundi formally committed to implement the Extractive Industries Transparency Initiative, EITI Standard in a declaration\u00a0published by Come Manirakiza, Minister of Energy and Mine on 20 January 2015 in Bujumbura. According to Manirakiza, Burundi hopes that this will increase transparency in the management of natural\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/burundi.jpg?fit=225%2C225&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8893,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigerian-national-petroleum-corporation-commits-to-transparency-by-becoming-an-eiti-supporting-company\/","url_meta":{"origin":9137,"position":2},"title":"Nigerian National Petroleum Corporation Commits to Transparency by becoming an EITI supporting company","author":"","date":"August 18, 2020","format":false,"excerpt":"Nigeria\u2019s national oil company, the Nigerian National Petroleum Corporation (NNPC), has become an\u00a0EITI supporting company, joining a group of over 65 extractives companies, state-owned enterprises (SOEs), commodity traders, financial institutions and industry partners who commit to observing the\u00a0EITI\u2019s supporting company expectations. EITI Board Chair, Rt Hon. Helen Clark, welcomed the\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/NNPC-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8828,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-joins-the-eiti\/","url_meta":{"origin":9137,"position":3},"title":"Uganda Joins the EITI","author":"","date":"August 12, 2020","format":false,"excerpt":"The\u00a0EITI Board has approved\u00a0Uganda\u2019s application to join the EITI, making it the EITI\u2019s 54th\u00a0member country and the 26th\u00a0in Africa. EITI Board Chair, Rt Hon. Helen Clark, welcomed Uganda to the EITI community: \u201cEITI implementation can help lay the foundation for transparent and accountable management of the country\u2019s natural resource wealth.\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/05\/Uganda-rig.jpg?fit=699%2C466&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/05\/Uganda-rig.jpg?fit=699%2C466&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/05\/Uganda-rig.jpg?fit=699%2C466&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7601,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ugandan-cabinet-gives-go-ahead-to-apply-for-eiti-membership-to-boost-investments\/","url_meta":{"origin":9137,"position":4},"title":"Ugandan cabinet gives go-ahead to apply for EITI membership to boost investments","author":"","date":"February 27, 2019","format":false,"excerpt":"Country sees joining the EITI as an opportunity to create lasting value from its petroleum resources The Ugandan cabinet has agreed to give the government the go-ahead to apply to join the Extractive Industries Transparency Initiative (EITI). The decision is part of the country\u2019s ongoing efforts to strengthen accountability in\u2026","rel":"","context":"In \"gas\"","block_context":{"text":"gas","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/gas\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/EITI-Extractive-Industries-Transparency-Initiative.jpg?fit=660%2C387&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/EITI-Extractive-Industries-Transparency-Initiative.jpg?fit=660%2C387&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/EITI-Extractive-Industries-Transparency-Initiative.jpg?fit=660%2C387&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8797,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-applies-for-eiti-membership\/","url_meta":{"origin":9137,"position":5},"title":"Uganda Applies for EITI Membership","author":"","date":"August 10, 2020","format":false,"excerpt":"Uganda is preparing to join, the global standard for the promotion of transparency and good governance in the management of oil, gas and mineral resources, the\u00a0extractive\u00a0industries transparency initiative (EITI) after it submitted its application last month. According to EITI Uganda's candidature application form, together with supporting documentation, were approved by\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/sedimentary-basins-of-Uganda.jpg?fit=504%2C555&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9137"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9137\/revisions"}],"predecessor-version":[{"id":9138,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9137\/revisions\/9138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7602"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}