Tuesday, June 28, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

CSOs, media vital in protecting mineral exploitation

by Albert Sharra
25/11/2014
in Business News, Editors Pick
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Open Society Initiative for Southern Africa (Osisa) has said civil society organisations (CSOs) and the media are the only key watchdogs that can save huge sums of money lost through mineral exploitation in Africa by foreign investors.

Osisa programme manager for media and ATI Dr Dumisani Moyo made the observation at the ongoing two-week Journalism Summer School (JSS) training in Lusaka, Zambia.

petroliumHe said most mineral extraction deals in the region are benefiting investors and not the host countries.

Moyo, who concentrated on Paladin Energy Limited uranium mining in Malawi, said in most of the countries’ mining deals are clear to the investor and government only.

He said investors do not declare their profits in the mining countries and, instead, register their firms at international stock exchange markets.

“There are loopholes in the way the mining deals are handled and, if the media and CSOs remain inactive in checking the deals, a lot will continue to be lost. We need a proactive media that puts an eye on mining issues from the onset.

“The CSOs too need to be active and ensure there is transparency in the way the deals are signed and handled for national benefit,” said Moyo.

He said due to lack of serious checks and balances by  both the media and CSOs on the mining deals and other mining activities, Africa has lost about $6 billion in the last four years and more will continue to be lost if there remains weak checks.

Going forward, Moyo said African countries with minerals need to come up with a possible system that monitors mining deals.

He said investors should be forced to declare their profits in the host countries and governments too, should update the public about activities surrounding the mining deal.

“This is what brings the need for access to information. Mining deals should be guided by a proactive disclosure of how much is being collected. This can only be possible if there are strong CSOs and a proactive media supported by access to information environment.”

Acting deputy vice-chancellor of the University of Zambia, Professor Bizeck Phiri, reminded the media that it remains the fourth estate and should not spare any area because the public always expects a lot from it.

He challenged the media to jack up and ensure it unearths more on mineral wealth, saying failure to do this is a let down to the public.

Tags: CSOsOSISA
Previous Post

Prosecutors ignore Lutepo’s JB claims

Next Post

Soul Raiders set for pre-launch

Related Posts

Editors Pick

Police arrest Treasury official for alleged fraud

June 27, 2022
Editors Pick

Bullets win Super League first round

June 27, 2022
Lowe: We can easily calculate
Business News

Govt, Tama want growers to meet buyers’ demand

June 27, 2022
Next Post
Soul Raiders (L-R), Suzi Marcus, Prince Martin and Montfort Manyozo, are set forthe pre-luanch

Soul Raiders set for pre-launch

Opinions and Columns

People’s Tribunal

Two years later and we are still singing same song

June 26, 2022
Big Man Wamkulu

Wife’s relatives have taken over my house

June 26, 2022
My Thought

Stop cyber harassment

June 26, 2022
Candid Talk

Baby gender preference and disappointments

June 26, 2022

Malawi-Music.com Top10

Trending Stories

  • Changaya: It is a
huge trade deal

    K243bn Malawi trade deal on rocks

    0 shares
    Share 0 Tweet 0
  • Wife’s relatives have taken over my house

    0 shares
    Share 0 Tweet 0
  • Police arrest Treasury official for alleged fraud

    0 shares
    Share 0 Tweet 0
  • DPP kicks out Nankhumwa

    0 shares
    Share 0 Tweet 0
  • Lawyer moves to challenge teen’s chamba sentence

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.