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Industries Transparency in Africa

In the absence of accountability, corruption proliferates, placing wealth in the hands of the ruling elite at the expense of broad-based development and therefore the need for transparency. The Extractives Industries Transparency Initiative was formed as a tool to improve and promote transparency in the oil and gas, and mining sectors, respectively. It was primarily designed to overcome the challenge of revenues in the extractive industries being diverted for unproductive purposes and therefore not being properly accounted seeks to address poor governance and grand corruption in mineral-wealthy countries and promotes the emergence of global transparency and resource governance. How can you rate resources transparency in Africa ?

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