Zambia has launched the registration process on Extractive Industries Transparency Initiative (EITI) which is aimed at enhancing transparency of the mining sector.
Addressing the Press at the end of the two-day stakeholder workshop on the EITI in Lusaka today, Mines and Minerals Development Deputy Minister Maxwell Mwale said EITI is a voluntary global compact for improving transparency in countries that are dependent on extractive industries like Zambia.
Mr. Mwale said mineral resources have been the mainstay of the Zambian economy and are expected to remain the key driver of the country’s economic growth.
He said in committing to join the EITI, the Zambian government is following the 23 countries already implementing EITI including 16 in Africa.
He explained that EITI countries recognize the importance of providing clear and independently verified information on what extractive industry companies are paying to governments and what governments receive from those countries.
He reiterated government’s commitment to enhancing transparency and accountability in the minerals sector and ensuring that the exploitation of such natural resources are used for the development of the country.
Mr. Mwale said the just ended two-day multi stakeholder workshop agreed on the composition of the Zambia EITI Council (ZEC) which will comprise 15 members from government, civil society and the private sector.
He added that the Secretary to the Treasury will Chair the ZEC and shall also represent government’s commitment to the EITI process.
He said stakeholders are currently finalizing the ZEC constitution which will guide its operations and composition.
The high-level workshop was attended by representatives of government, civil society, the private sector, the press and cooperating partners.
ZANIS/BK/AM/ENDS
