9th May 2013
Campaign group Global Witness has backed a call by prominent figures including Kofi Annan, Bob Geldof and Graca Machel for Africa’s natural resource wealth to be used for the benefit of its people. This year’s report from the Africa Progress Panel, Equity in Extractives, [1] calls for:
The G8 and the G20 to establish common rules requiring full public disclosure of the beneficial ownership of companies, with no exceptions.
Companies bidding for natural resource concessions to disclose the names of the people who own and control them.