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Tag Archives: gold

Zimbabwe set to introduce gold-backed digital currency

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 …

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Zimbabwe launches special fund to boost gold production

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 …

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Zimbabwe’s 2022 gold output reaches new record high

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 …

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No shine in Uganda’s gold

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 …

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DOUBLE GOLD: Kiplimo is the new Cheptegei!

Kenyans second best again as Kiplimo steps the pedal in last lap 🔴 Commonwealth Games  ✳ Kiplimo 🇺🇬 3.08.08 🥇 ✳ Kimeli 🇰🇪 13:08.19 ✳ Krop 🇰🇪 13:08.48 🔴World Under-20 Championships ✳ W 5000m final Prisca Chesang 🥉 Birmingham, UK | THE INDEPENDENT |  The look on Nicholas Kimeli’s face (photo above) said it all. Jacob …

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Kiplangat takes Commonwealth Games marathon gold

Birmingham, UK | THE INDEPENDENT | Long distance runner Victor Kiplangat has won Uganda a first medal at the ongoing Commonwealth Games with victory in the men’s marathon in Birmingham. He becomes the first Ugandan to win gold in the 42 kilometers race at a Commonwealth Games. Fresh from winning the Belgian-half …

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EU to ban Russian gold imports in new sanctions package

Brussels, Belgium | Xinhua | The European Commission on Friday adopted a proposal for a seventh package of measures that will ban the importation of Russian gold. The proposal is part of a new set of measures that are intended to improve the implementation and effectiveness of the EU’s six earlier …

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