Tag Archives: gold

Uganda imported gold from Tanzania worth $591 million , which is more than half of all imports from the country and five times more than all that Uganda exports there Kampala, Uganda | THE INDEPENDENT | Uganda and Kenya have lost their balance of trade surpluses to Tanzania over the …

The conditions created by Covid-19 seem perfect for the price of gold to rise. Is gold now the best investment asset available? | MUSHTAK PARKER | These are challenging times for everyone as we enter the second year of a pernicious Covid-19 pandemic. There is a general consensus that the …

Kampala, Uganda |  THE INDEPENDENT  | The Deputy Director of the Internal Security Organization -ISO Taban Amin has spent Friday Afternoon undergoing interrogation by officers of the Criminal Investigation Directorate at Kibuli in Kampala, who seek to understand his link to criminals who recently defrauded an American national Anastasios Belesis, of …

But the source of the precious commodity remains unknown Kampala, Uganda | ISAAC KHISA | Gold has surpassed tourism and coffee to become Uganda’s biggest earner of foreign currency amidst concerns over its source. Latest data from the central bank shows that the east African nation exported 35,943 kilograms of …

Karamoja, Uganda |  THE INDEPENDENT  |  The artisanal miners in Karamoja region have increased the price of gold three times than before due to shortage of water. URN learnt that in December 2020, the miners were selling a a gram was sold at 70,000 shillings are currently charging as much as …

Johannesburg,  South Africa | XINHUA | South African Police Service (SAPS) on Monday said they arrested three suspects who tried to smuggle gold weighing 73.5 kg worth R61 million (4.2 million U.S. dollars). The police said the trio were arrested with gold as well as foreign currency in their hand …

  THE LAST WORD | ANDREW MWENDA |  And so it was that on the morning of December 24th, while going through Instagram, I saw a post on the wall of Lucy Bunyenyezi (Smize) announcing the death of her uncle Ezra Bunyenyezi. For a brief moment I lost my balance. …

Buhweju, Uganda | THE INDEPENDENT | Small scale artisanal miners in Buhweju in Western Uganda are still chasing for permission to go back to their mines six years after they were evicted and a year since they last petitioned the government. In 2013, President Museveni directed that firms involved in gold …

Just after 1230 GMT, gold rallied to $1,731.25 an ounce on the London Bullion Market, striking a peak last seen in November 2012. The dollar slid against main rivals Tuesday in the wake of the Federal Reserve’s ongoing stimulus policies that are aimed at cushioning the blow to the world’s …

London, United Kingdom | AFP |  Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand in the face of the coronavirus outbreak — from both commodity traders and retail buyers. The precious metal had forged a seven-year peak on commodity markets this month as …