Tag Archives: gold

Kassanda, Uganda | THE INDEPENDENT | Kassanda District Local Government has alleged that it is losing at least 1.5 billion Shillings daily in revenue to artisanal and small-scale gold miners. The LCV Chairperson, Kasirye Zimula, revealed that they have investigated and discovered that more than four kilograms of gold worth …

Kampala, Uganda | THE INDEPENDENT | Following pressure from the House, the Attorney General has revealed that government will challenge the interim orders exempting payment of taxes on gold exports. Kiryowa Kiwanuka made the disclosure while responding to concerns raised by legislators on a waiver issued by the Ministry of …

Kampala, Uganda | THE INDEPENDENT | Parliament has resolved to investigate the circumstances under, which the Minister of Energy and Minerals waived tax payment of  sh573 billion in gold exports. The motion, moved by the Leader of Opposition (LOP), Mathias Mpuuga on Tuesday, called for the formation of a select …

Harare, Zimbabwe  | Xinhua | The Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to reduce demand for the U.S. dollar as the local currency continues to tumble, the state-run newspaper Sunday Mail reported Sunday. The digital gold tokens, a form of electronic money backed by gold …

If that discovery was authentic, you would have seen the big boys here, say analysts Kampala, Uganda | RONALD MUSOKE | Last year, on June 07, during his State of the Nation address, President Yoweri Museveni announced that Uganda had found up to 31 million metric tonnes of gold with extractable …

Harare, Zimbabwe | Xinhua | Zimbabwean Finance Minister Mthuli Ncube on Wednesday launched a 10-million-U.S.-dollar revolving facility to support value addition and beneficiation by artisanal and small-scale gold miners (ASGM) who account for the bulk of gold produced in the country. Ncube said at a press conference that 5 million dollars will …

Harare, Zimbabwe | Xinhua | Zimbabwe’s gold output reached a new record high of 35.38 tonnes in 2022, spurred by new mining projects, timely payments and incentives to miners. The output was 19.5 percent up from the previous year’s output, the state-owned Herald newspaper reported Tuesday, citing statistics from the country’s …

Addis Ababa, Ethiopia | Xinhua | The National Bank of Ethiopia (NBE), the central bank, on Wednesday announced that it will offer a ransom in reward as part of ongoing efforts to crackdown hoarding, illicit transfer and transaction of foreign currency and gold. The bounty follows the suspension of bank accounts …

Vanishing mineral exports dent economic recovery Kampala, Uganda | THE INDEPENDENT | Uganda’s non-formal export sector has maintained a downward trajectory year-on-year, according to the latest July 2022 figures from Bank of Uganda (BoU). The effect has been a dent on the otherwise emerging signs of recovery in exports buoyed …

Addis Ababa, Ethiopia | Xinhua | Ethiopia has earned more than 560 million U.S. dollars in revenue from gold exports during the last Ethiopian 2021/2022 fiscal year, which ended on July 7, an Ethiopian official said Wednesday. State Minister of Ethiopia Ministry of Mines Thomas Tut said the bulk of …