Mining
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News
Uganda’s economy continued its recovery from multiple external shocks, despite turbulent global environment-report
KAMPALA, February 6, 2024 – Uganda’s real gross domestic product [GDP] growth rate rose from 4.6 percent in the financial year 2022 to 5.2 percent in FY20231, but domestic challenges persist, and…
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Africa
AfDB approves US$ 696.41mln of financing for Burundi and Tanzania to build SGR
ABIDJAN, December 13, 2023– The African Development Bank [AfDB] has approved various financing structures valued at US$ 696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo…
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Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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News
Four perish in Buhweju gold mine accident
BUHWEJU – Locals in Bihanga Sub-county in Buhweju district are terrified after four artisanal miners died as part of the gold mine they were working in collapsed last Friday. Martial Tumusiime, the…
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News
Gov’t begins journey of redeveloping Kilembe mines
KASESE – The Government of Uganda through the ministries of Finance and Energy is to start the redevelopment of Kilembe Copper Mines located in the western district of Kasese that borders the…
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Amudat gold miners call for training on savings
A group of gold miners in Chepkararat village Karita Sub County in Amudat district have called upon the government and the financial institutes to train them on how to save the money…
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News
SAMA Gold Miners Cooperatives eye Shs 19billion in gold supplies to the UK by 2020
KAMPALA, Uganda: Three years ago when the locals started smallscale gold mining in Busia, life was a hustle. The price of buying their hard- earned gold was determined by the middlemen from…
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