"In implementing the requirements of the law governing TEITI, the Ministry of Energy and Minerals wrote letters to the 24 companies holding Mineral Development Agreements (MDAs) and Production Sharing Agreements (PSAs) informing about its plans to disclose (contents of the) agreements public,” Mushingwe said.
He explained that the companies should
have responded by now, informing the TEITI committee whether there were
any sections in the agreements which they wouldn’t want made public. But
he added that of the 24 firms, just two had since submitted their
recommendations.
He further noted that his committee was
currently working on the recommendations as the parent ministry makes
final preparations on such disclosures on its website.
On implementation of the 2016/2017
budget, Mr Mshingwe disclosed that the TEITI receives its recurrent and
development expenditure from the central government and development
partners.
For the year 2016/2017, he disclosed
that over 1.5bn/- had already been set aside for the implementation of
its activities, out of which some 115m/- would be generated internally
and 1.4bn/- was expected to come from external sources to meet
development overheads.
Up to the third quota of 2016/2017, some
38,164,201/- , or 38.18 per cent of the total budget had been
collected, Mr Mshingwe dsisclosed, adding that another 1,274,576,000/-
would be sourced from the European Union (EU) and Canadian government --
equivalent to 91 per cent of the budget.
The Minister for Energy and Minerals,
Prof Sospeter Muhongo, commended TEITI for its good performance and
pledged to help provide “sufficient funds” for its operations.
“TEITI reports make good reading … they
are transparent on what they get … and what they spend … my ministry
will continue to look for (more) funds from our development partners to
facilitate its operations,” the minister said.
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