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Cameroon – Mining: Canada launches program to increase transparency in the mining sector in 4 African countries, including Cameroon

Canada launches program to increase transparency in the mining sector in 4 African countries, including Cameroon
Written by Deckson N.

8 billion CFA francs. This is the envelope that will be unlocked by Canada over the next five years, as part of the program to improve the monitoring of extractive industries in French-speaking sub-Saharan Africa (Pasie), officially launched on 17 April 2017 in Mali. In addition to Mali, other African countries benefiting from the program are Cameroon, Burkina Faso and Madagascar, it was officially reported.

According to the initiators of this program, “Pasie is a five-year regional initiative aimed at improving governance, transparency and accountability in the extractive sector in sub-Saharan francophone Africa, in order to contribute to better growth Economic development in the countries concerned “.

The targeted countries are all mineral-rich territories, but whose resources from underground wealth do not yet contribute effectively to the economic development of these nations. In Cameroon, for example, a country with mining deposits at world level, mining activities, which are still artisanal, contribute so far only 1% to the formation of GDP.

Gold, which is the most widely mined ore to date, is subject to various trades, to the extent that, according to official statistics, about 90% of domestic production, estimated at 100 tonnes, is generally disposed of Informal circuits.

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Deckson N.

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