The Extractive Industry Transparency Initiative (EITI) is set to evaluate Angola again in October, marking a crucial step in certifying members’ compliance with transparency standards.
According to Beatriz Catomi, Deputy Director of the National Secretariat for the Implementation of the EITI, the second evaluation report will be released in September, a month ahead of the evaluation process.
Catomi made these remarks yesterday during the opening of a seminar in Luanda, aimed at informing stakeholders about the evaluation projections and the upcoming report release.
The seminar, initiated by the National Company for Prospecting, Exploration, Cutting, and Trading of Diamonds of Angola (ENDIAMA) EP, underscores Angola’s commitment to transparency in its extractive industries.
Catomi expressed hope that the second report would achieve greater reconciliation, aligning with Angola’s commitment outlined in the action plan disclosed in the first report released on December 15, 2023.
He emphasized the need to address legal constraints to enhance transparency, stating that transparency is not about bypassing laws but adhering to them.
He highlighted ongoing efforts to revise existing laws to align with the standard of good governance in the extractive sector.
“At this moment, action plans and proposals for changes are being worked on to be presented to legal institutions for adjustments to existing laws,” Catomi explained. “The aim is to adopt best practices in the management and revenue generation of the mining sector.”
Catomi emphasized that EITI brings best practices and standards of good governance to Angola’s diamond industry and the extractive and oil and gas sectors.
He outlined strategic actions, including decision-making on accession and aligning Angola’s processes with established industry standards, to ensure compliance with EITI guidelines.
