Tag Archives: gold

Targeting of top officials by U.S. puts country in diplomatic minefield Kampala, Uganda | IAN KATUSIIME | For the fourth year in a row, the Uganda government has been on the receiving end of sanctions from the United States which accuses it of overseeing deteriorating human rights in the country. …

Kampala, Uganda | THE INDEPENDENT | Belgian gold refiner Alain Goetz has said that sanctions that were imposed against him by the US Department of the Treasury’s Office of Foreign Assets Control over his alleged involvements in the gold trade in the Democratic Republic of Congo (DRC) were based on …

Kassanda, Uganda | THE INDEPENDENT | More than 30,000 artisanal and small-scale miners, pit owners, mineral processors, and dealers have accepted to voluntarily vacate Kisita mines in Kassanda district. President Yoweri Museveni issued a directive in May this year, giving a grace period of six months to miners under Kitumbi Small …

  Busia, Uganda | THE INDEPENDENT | Chinese firm Wagagai gold mining company limited has embarked on the construction of a gold refinery in Busia district. Valued at $200M, the gold refinery will seat on 300 acres of land covering Alupe, Akipenet, Amagoro and Amonikakine villages in Buteba Sub-county. Speaking …

Kampala, Uganda | THE INDEPENDENT | Government has started engaging owners of gold companies so as to reach an understanding over the new taxes imposed on gold. This is after the Ministry of finance reported that the country lost over 470 billion Shillings in taxes on the exportation of gold due …

Kabul, Afghanistan | Xinhua | The Taliban have handed over about 12.3 million U.S. dollars cash and some gold to Da Afghanistan Bank (DAB), the country’s central bank, a bank statement said on Thursday. The cash and gold bars found in the houses of former administration’s officials and local offices of former …

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 …