Extractive Industries: Control Mechanism For Better Traceability

A five-year project to improve monitoring of the sector in Franchophone African sub-saharan countries was launched yesterday in Yaounde.

In a bid to improve on the traceability of revenue generated by the extractive industries in sub-Saharan Francophone countries for more transparency and good governance, a project sponsored by the Canadian government was launched yesterday January 24, 2017 in Yaounde by the Minister Delegate at the Presidency in charge of the Supreme State Audit Office, Rose Mbah Acha Fomundam. The project dubbed “Improving Monitoring of Extractive Industries in Sub-saharan Francophone Africa, (known by its French acronym as PASIE) is sponsored to the tune of FCFA 8 billion by the Canadian government for a duration of five years.
While launching the project in the presence of the Canadian High Commissioner to Cameroon, René Cremonese, the Minister Delegate at the Presidency in charge of Supreme State Audit Office said the project is intended to build capacity of auditors of supreme State institutions, organisations involved in supervision and other stakeholders. This project is actually to train them and we are expecting that by the end of the project, we will be able to come out with traceability of resources that com...

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