(Business in Cameroon) - The Extractive Industries Transparency Initiative (EITI) congratulates Cameroon on the efforts it deployed to improve accountability and transparency in its mining sector.

“We congratulate Cameroon as a key actor in pioneering efforts to improve reporting on commodity trading”, said Fredrik Reinfeldt (photo), chairman of the EITI, according to a news release published on the institution’s website on June 29, 2018.

An example of such efforts is the regular publication and disclosures of oil sales made by the national oil company Société Nationale des Hydrocarbures (SNH).

According to Agnès Solange Ondigui Owona, National Coordinator of EITI Cameroon, this evaluation which covered the period between October 18, 2013, to July 1, 2017, acknowledges efforts deployed by Cameroon to comply with the EITI standards.

Let’s note however that work remains to be done. Indeed, EITI’s administrative board highlighted 14 corrective measures that Cameroon would have to implement in the coming 18 months. After those months, the progress will be reassessed.

Namely, during this period, Cameroon will have to improve “EITI implementation on civil society engagement (1.3), MSG governance (1.4), the work plan (1.5), license register (2.3), policy on contract transparency (2.4), state-participation (2.6), production data (3.2), in-kind revenues (4.2), SOE transactions (4.5), distribution of revenues (5.1), subnational transfers (5.2), SOE quasi-fiscal expenditures (6.2), public debate (7.1) and documentation of impact (7.4)”.

S.A