Promoting transparency in oil and mining: Angola joins Extractive Industries Transparency Initiative.

Angola officially joined the Extractive Industries Transparency Initiative (EITI), aimed at fostering transparency and accountability in its oil and mining industries. The move comes after years of effort to combat corruption and promote effective resource governance. The EITI membership will require Angola to disclose payments and revenues from its extractive sector, ensuring that the country's natural resources are managed responsibly for the benefit of its citizens. This step is expected to enhance the trust of investors, improve the business environment, and ultimately boost economic growth. By committing to the EITI principles, Angola sets a positive example for other resource-rich nations seeking to strengthen governance and reduce corruption risks in the extractive industries. This milestone enhances Angola's reputation as a country striving for openness and good governance. The inclusion of Angola in the EITI marks a significant step towards transparency and accountability in the management of its extractive resources, reinforcing the country's dedication to sustainable development and responsible resource management. #Angola #EITI #Transparency #NaturalResources #Accountability