Beneficial Ownership Roadmap

Zambia Extractive Industries Transparency Initiative’s objective objective is for beneficial ownership disclosure to help address the following reform priorities in Zambia:

• Promoting good governance and accountability in the extractive sector;
• Deterring corruption in the allocation of extractive rights;
• Preventing abuse of Zambia’s tax and incorporation rules;
• Support of efforts to address money laundering and other financial crimes in the economy;
• Promoting Zambian citizens’ participation in the monitoring of extractive activities, including local content provisions;
• Promoting citizens getting the full economic benefit of the nation’s natural resources, especially in communities where extraction is taking place.
We will pursue linkages between ZEITI’s beneficial ownership work and these broader reform processes by:
• Coordinating closely with government agencies (including PACRA, Ministry of Mines, FIC, Auditor General, ZRA, ZDA, Ministry of National Planning, Ministry of Justice, Ministry of Local Government) and CSOs (including those on the ZEITI CSO contact list), the Chamber of Mines, traditional leadership, and media working on the implementation and improvement of mineral licensing, tax abuse prevention, and reforms to the Companies Act in Zambia.
• Coordinating with other initiatives like the Mineral Value Chain Project and the AMV.

Download the Beneficial Ownership Roadmap here