Mining sector: African countries lack the capacity to enforce the law
The Constitution sets out the fundamental principles governing the conduct of economic activitiesMining codes that do not improve socio-economic performanceMost African countries did not have an appropriate transfer pricing framework.Variation in extraction taxes between countries: between 0.075% and 5%.Stabilisation clauses freezing the application of domestic lawAfrican countries have adopted mining policies that provide a framework for mining activities.These policies...
Corruption, illegal logging, tax evasion: the main causes of illicit financial flows in the extractive sector
Because of related institutional dysfunctionBuild up a body of extractive sector tax specialists in the countries concernedDevelop specific audit capabilitiesResearch into the potential sources of illicit financial flows (IFF) in different sectors shows that the production of a metal such as gold is more likely to generate IFF than the production of an agricultural product such as cocoa. These...
NRGI’s participation in the Publish What You Pay Conference in Africa 2023: Towards a collaborative and fair energy transition for Africa
The Publish What You Pay (PWYP) Africa 2023 conference will attract over a hundred PWYP members from across the continent to connect, learn and strategise together.NRGI is taking part in 2 sessions : Ensuring prosperity and sustainable development through just transition in Africa Thursday 8 June, 11:00 - 13: 00 UTCAfrica has contributed the least to climate change, but...
Publish What You Pay: Africa Conference to be held in Senegal from 8 to 10 June 2023
The Publish What You Pay (PWYP) global coalition is organising its Africa 2023 Conference from 8 to 10 June 2023 in the city of Saly Portudal in Senegal. The conference is expected to welcome more than 100 participants from various sectors and countries in Africa and beyond. It aims, among other things, to strengthen the power and capacity of...
Local development mining fund: 1.5 billion FCFA to be invested in Falangountou in 2023
To benefit 9 key structural investment projectsIn the areas of health and water supplyOn 07 April 2023, the municipal committee for monitoring the use of the Local Development Mining Fund (LDMF) in the municipality of Falangountou held its first session for the year 2023 in Ouagadougou.At this meeting, 9 structuring investment projects were selected to be financed in 2023....
Chad: Days to promote the mining sector organized from 26 to 28 May 2023
In Chad, the National Mining and Control Company (Société Nationale d'Exploitation Minière et de Contrôle, SONEMIC) organised the Journées de Promotion du Secteur Minier (Mining Sector Promotion Days) from 26 to 28 May 2023, under the theme: "SONEMIC, first lever".While the opening ceremony was chaired by the President of the Transition, General Mahamat Idriss Deby Itno, it was the...
Mali: the PWYP-Mali coalition demands publication of the final audit report on operating mines
She plans to meet the Finance MinisterReferral to the Prime Minister and the President of the Republic of Mali is not out of the questionIt recommends that another audit be carried out this year.Publication of mining contracts and community development plans desiredFollowing the publication of the provisional audit report on the mining sector, the Publish What You Pay coalition...
Nigeria: The world’s largest train-based oil refinery inaugurated
Investment cost: 19 billion dollars (11,000 billion FCFA)Processing capacity of 650,000 barrels of crude oil per dayWhich will enable Nigeria to achieve self-sufficiency and exportOn Monday 22 May 2023, the Federal Republic of Nigeria inaugurated the world's largest single-train refinery. Built by billionaire Aliko Dangote, this industrial project covers 2,635 hectares of land and cost over 19 billion dollars....
Fight against terrorism: a think tank proposes solutions for drying up sources of funding
Since 2015, Burkina Faso has faced attacks by armed terrorist groups (Groupes armés terroristes, GAT). These groups directly and indirectly exploit certain abandoned artisanal and industrial mining sites and smuggle large quantities of gold out of the country to neighbouring countries. The revenue generated by this trafficking helps to finance terrorism. In order to combat terrorism effectively, the Government...
Gold marketing fraud: 35.347 kg of gold seized between 2021 and 2022
During the period 2021-2022, actions to combat gold fraud resulted in the recovery of a cumulative amount of 1.586 billion FCFA in fines generated by the seizure of 35.347 kg of gold. This is the substance of the communication made by the Minister of Energy, Mines and Quarries, Simon Pierre Boussim, to the Council of Ministers on 24 May...
