Tag Archives: gold

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Moroto, Uganda | THE INDEPENDENT | The Uganda People’s Defence Forces – UPDF 5th Infantry Division have deployed personnel in Okemer village, a newly discovered gold site in Alerek and Chamkok Sub-Counties in Abim district to keep it out of bounds. It follows a directive by President Yoweri Kaguta Museveni to …

However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …

African states are riding the wave of a gold rush, with global prices stabilising and mining technologies advancing. Here are the continent’s ten largest gold-producing powerhouses per tonnage (t), according to the World Gold Council’s 2022 stats. 1. Ghana – 127th Known as the “Gold Coast”, Ghana is Africa’s largest …