Tag Archives: gold

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 …

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 …

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 …

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 …

Dar es Salaam, Tanzania | XINHUA |  Eight traders have been arrested in Tanzania’s northwestern region of Geita in connection with smuggling out of the country an unspecified amount of gold, an official said on Sunday. Doto Biteko, the Minister for Minerals, announced the arrest of the eight traders in …

Kampala, Uganda | THE INDEPENDENT | A Uganda People’s Defense Forces soldier has been remanded to Makindye military police barracks on charges of robbing 100 million shillings from Shafik Bukenya, a businessman dealing in gold. Lance Corporal Eric Tumwine Bizimungu, also known as John attached to the 3rd Battalion was on …