Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy has come up with new measures to regulate the exportation and sale of gold. The measure announced by the Ministry permanent Secretary, Irene Batebe follow growing concerns about discrepancies between gold mined in Uganda and that exported mainly to the United …
Read More »
Uganda Still A Safe Haven for Illicit Gold NEWS ANALYSIS | URN | Uganda remains one of the hotbeds for smuggled in Africa according to Swiss organization SwissAid. The organization says apart of the gold smuggled from neighboring countries through Uganda, most of the gold produced by artisan miners in …
Read More »
Opaqueness surrounding Uganda’s gold data has not only frustrated UGEITI but also other government agencies like UBOS and URA NEWS ANALYSIS | RONALD MUSOKE | Where does Uganda source the millions of dollars’ worth of gold it exports annually? This question often dominates discussions involving artisanal miners, gold traders, government officials, …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Uganda Extractive‘s Industries Transparency Initiative Secretariat (UGEITI Secretariat) has again raised a red flag about the discrepancies in the country’s gold import and exports. UGEITI Secretariat hosted by the Ministry of Finance on Thursday release its report for Fiscal Year 2021/2022. Like in …
Read More »
KAMPALA, UGANDA | Xinhua | The President of International Olympic Committee (IOC), Thomas Bach, has recognized the effort of Uganda’s president to contribute to the growth of sports by awarding him a medal. Bach awarded President Yoweri Kaguta Museveni an honorary gold medal during his Wednesday visit to the State …
Read More »
Moroto, Uganda | THE INDEPENDENT | The Uganda People’s Defense Forces have deployed more personnel at Mining sites in the sub-counties of Alerek and Chamkok in Abim district following reports of illegal mining of gold. Between March and May 2024, Alerek recorded an influx of over 3,000 people including business people …
Read More »
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has reportedly tasked the army spy and investigations agency to investigate the Tuesday gold shooting incident at Buddo junction which left two people dead. Museveni, according to sources has directed Defence and Intelligence Security (DIS) formerly Chief of Military Intelligence (CMI) to …
Read More »
Michael Atingi-Ego confirms Bank of Uganda has joined “Shining Gold Rush” Kampala, Uganda | THE INDEPENDENT | When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been …
Read More »
KAMPALA, Uganda | Xinhua | Uganda’s central bank said it is in consultation to begin purchasing locally-produced gold to bolster its foreign reserves and tackle challenges in international financial markets. The Bank of Uganda (BoU) in its State of the Economy report issued Thursday said the domestic gold purchase program …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Police in Kampala are investigating a case in which a Canadian citizen Clifford Potter lost more than sh6 billion in a fake gold transaction. SSP Ayub Waisswa of the CID Kampala Metropolitan Police has written to a Kampala bank which hosts one of …
Read More »
The Independent Uganda: You get the Truth we Pay the Price