Countries like Uganda that have been long-term financing for nuclear power plant will now have to borrow from the World Ban when it resumes lending to nuclear or atomic energy power plants.
The duo, stationed at the main entrance to the mining site as standby officers, were reportedly ambushed by about two dozen machete-wielding men. The assailants disarmed the officers and gained access to sensitive areas of the gold processing facility.
Disclosures through the EITI are strengthening public oversight, supporting balanced negotiations, helping to mitigate governance and corruption risks and driving key reforms.
Addressing journalists at the Uganda Media Center on behalf of the Executive Director, UEDCL Head of Corporate and Stakeholder Affairs, Jonan Kiiza, announced that the Electricity Regulatory Authority (ERA) has approved an investment capital expenditure of USD 74 million for the company’s first year of operations.
But one concern rose above the rest: the urgent need for better tools, specifically metal detectors, to reduce environmental damage caused by guesswork.
Community members allege that Tororo Cement contracted RAM Excavation Limited to mine sand from their river without consultation or consent. They claim RAM is transporting the sand for free and selling it to Tororo Cement at UGX 2 million per truckload.
The handover event, held in Kasese and presided over by the Minister of Energy and Mineral Development, Ruth Nankabirwa, follows the signing of the first-ever Mineral Production Sharing Agreement with Sarrai Group Limited, an Arab investment company, in March this year.
According to Joseph Enyimu, Commissioner for Economic Development, Policy, and Research at the Ministry, listing minerals will not only formalize the trade but also attract both local and international investors, boosting economic growth and value addition in the extractives sector.
In June 2024, Bank of Uganda begun buying gold from local miners in a bid to boost its foreign reserves. But an expert warns it risks being entangled in the illicit gold trade in the Great Lakes region.
Godfrey Nyakahuma, Kabale Resident District Commissioner, says that the company has been granted permission to establish the plant in Kyaase village, Buhara sub-county, where it already has a crushing plant.
Umeme says it leaves behind a $700 million revenue business growing at an average of 10%. It however warns that Uganda will run out of power in the next three years if more generation capacity is not built.
Uganda Radio Network has through interviews with artisan miners, and experts in mining policy and regulation discovered that almost two years since the law was assented to, the formalization of the artisan miners has not gone on as expected.
Simon Avuku, the chief of Metuli chiefdom, said the public within the sub-county was denied access to the profile of the company, such as the license and proof of registration, causing suspicion about the authenticity of the company.
Buyers reminded that Uganda is not a cheap supermarket for gold. Criminal networks with connections in the DRC and South Sudan play an increasingly active role in fake-gold scams in Nairobi and Kampala.
Gold mining in Amudat is illegal to the extent that the government does not officially recognize the district in its mineral databases. As a result, the district has never received any revenue from mining activities. The gold extracted from the area is smuggled into Kenya, and this trade is attracting people from as far as Rwanda and Tanzania. Chinese too loom around buying gold and engaging in large-scale illegal mining.
On Wednesday night, M23 rebels released a statement signed by their coordinator, Corneille Nangaa Yobeuo, appointing Robert Mugisha as the overall head of the Finance Department.
According to the statement, all operational mining personnel are being evacuated from the mine site with only essential personnel remaining for the care, maintenance and security of the property.
The former Kasese Municipality mayor, who is also the state minister for National Guidance and ICT, Godfrey Kabyanga, said that during the glorious days of the mines, it employed more than 5,000 people. He is hopeful that more opportunities will now be available for the local population.
