Do you need help explaining the concept of beneficial ownership in a way that even a kid can understand? Then, don’t look any further! In this informative and fun post, I will summarise this vital topic so that even a child can grasp it. I’ve got you covered on everything from toy boxes to money laundering. So please continue reading to learn more about hidden company owners and why it matters. What is Beneficial Ownership? Beneficial ownership is a term …
Tag: Open Data
Key Insights On Monday, August 8, 2022, the 183-megawatt Isimba Hydropower Plant in the Kayunga district was shut down. Nankabirwa, Ruth Nankabirwa, the Minister of Energy and Mineral Development, told MPs that the facility needed to be fixed because of floods. The dam was finished in 2019, and it was initially thought it would cost $350 million. However, it ended up costing $567.7 million. China Water Company was the firm contracted to build the Power Station. To increase transparency in …
Good and effective governance requires interaction between different groups, political accountability, checks and balances in operations, decentralization, and participation at the local level. Effective and successful governance is founded on three principles: Public procurement is vital to reforming governance because it affects all three pillars. Procurement processes can thus be seen as fostering good governance and reforming governance systems. What exactly is electronic government procurement (e-GP)? In its broadest sense, e-GP means using electronic technology to manage any or all …
In today’s digital world, transparency is key. Open Contracting for Infrastructure Data Standard (OC4IDS) aims to bring transparency in infrastructure investment across the globe and help countries meet their United Nations Sustainable Development Goals. The Open Contracting for Infrastructure Data Standard is an open-source data standard that can be applied to all types of infrastructure projects and hold governments accountable by helping them show what they have invested in and how it has been spent. OC4IDS also allows citizens to see where the money …
Money laundering is wreaking havoc on African economies. Money laundering is the process of disguising the source, ownership, or destination of money earned illegally or dishonestly by concealing it within a legal business contract. When dishonest people obtain money from illegal sources, they attempt to conceal the source of the funds in order to spend it freely. The amount of illegal money leaving Africa is estimated to be much greater than Africa’s annual ODA (ODA). This undermines development and poverty …
With the right data, we can make better decisions and solve problems more effectively. With just one piece of data, You Need to Know (INDYK) can make our lives easier in ways we never imagined. We don’t need a lot of data. We need the right data. This means that we should focus on getting helpful data, not just gather a lot of data for its sake. With the right data, we can make better decisions and solve problems more …
Data is simply a collection of information. In the context of democratic processes, data can be compelling in promoting transparency and citizen engagement. Access to data allows citizens to make more informed decisions about their government and how it functions. Data also enables citizens to hold their government accountable for its actions. Governments should care about data because it is a valuable tool for promoting transparency and accountability. Data allows agencies to track progress on issues and goals, making it …
Contract monitoring is the process of overseeing the execution of contracts by ensuring that the terms and conditions of the contract are met. This is important because it helps to ensure transparency and accountability in government contracting. By ensuring that contracts are correctly executed, we can help reduce corruption and ensure that taxpayer dollars are spent wisely. Benefits to contract monitoring There are many benefits to contract monitoring, including: Reduced corruption and waste Improved transparency and accountability Greater efficiency in …
One of the most pressing issues facing Africa today is the problem of opaque and unaccountable elections. In many countries across the continent, elections are marred by fraud, violence, and irregularities. As a result, the people’s will is often not reflected in the outcome of the vote. This problem is compounded by international donors financing many African elections. These donors often have little oversight or accountability over how their money is used, resulting in a system that is both opaque …
Potential corruption in public contracting can have far-reaching effects, wasting taxpayers’ money, distorting markets and harming public trust in government. Therefore, Open Contracting is essential to ensure that public contracting processes are transparent and accountable. Technology can play a vital role in open contracting, providing the platform for open data initiatives and helping to drive innovation in the field. open data standards and platforms such as the Open Contracting Data Standard (OCDS) provide a framework for publishing available data on public contracts, making it …
As a project manager, you know that having accurate data is essential to making sound decisions for your projects and team. But gathering data can be expensive and time-consuming. That’s why so many project managers turn to open data sets. Fortunately, there are several great places to find free open data sets for your projects. In this blog post, we’ll share five of our favourites. Kaggle Find Open Datasets and Machine Learning Projects | Kaggle Kaggle is one of our …
We need access to information. No one can make informed decisions on issues that affect them without access to information Through ATI, press freedom and freedom of association can grow. Governments can be held accountable, and corruption can be exposed. When the United Nations was established, all countries acknowledged the fundamental value of free information. It was inscribed at the heart of Article 19 in 1948, which states that: everyone shall have the right to hold opinions without interference” and …
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