Congo‘s State oil Company to Digitize Operations Amid Revenue Scrutiny
kinshasa – Congo’s national oil company, SNPC, is undergoing a digitalization process intended to improve clarity and management of its operations, according to a recent report by Agence Ecofin. The move comes as the country increasingly relies on revenue from its extractive industries, with oil and gas contributing nearly 71% of public revenues in 2022, according to the Extractive Industries Transparency initiative (EITI).
Digitalization is viewed as a critical step toward preserving public funds and strengthening governance within Congo’s oil and gas sector. The initiative aligns with recommendations from the World Bank, which emphasizes the importance of improved natural capital management for fiscal stability, and the EITI’s focus on budgetary oversight of the extractive industries. Effective reform will be measured by its impact on governance and tangible results.
The SNPC digitalization aims to address challenges related to transparency, control, and overall operational efficiency. World Bank reports underscore the role of governance reforms in effectively managing natural resources. The reforms are intended to enhance traceability of funds and ensure responsible stewardship of Congo’s natural wealth.
Abdel-Latif Boureima reported on the initiative, with editing by Wilfried ASSOGBA.
