Friday , February 7 2025

Uganda

Uganda Must Tame Gold Scandals to Unlock Investment Potential

Uganda stands at a precipice, grappling with a wave of gold scandals that threaten to derail its economic potential. While the country boasts significant mineral wealth, a murky underworld of illicit dealings and corruption has cast a long shadow over the sector. The proliferation of unlicensed dealers operating with impunity …

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Uganda’s Mineral Potential: A Sleeping Giant Awaits Awakening

Despite boasting a rich and diverse mineral resource base, Uganda has lagged behind its regional peers in harnessing this economic potential. However, a series of ambitious initiatives are now underway to transform the sector and unlock the country’s vast wealth. The government’s National Development Plan IV (NDP IV) has prioritized …

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Menzies Aviation Soars with New Cargo Facility in Mozambique

Menzies Aviation, the global leader in aviation services, has officially opened its state-of-the-art cargo facility at Maputo International Airport (MPM). This strategic move expands Menzies’ footprint in East Africa, positioning the company to capitalize on the region’s growing air cargo market. The new facility, equipped with cutting-edge technology and high-end …

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Uganda to become new energy frontiers on the continent

Uganda minister of energy and mineral development Ruth Nankabirwa Ssentamu says the East African nation is poised to become one of the great new energy frontiers on the continent. Minister Nankabirwa will deliver her keynote presentation on the upstream oil and gas opportunities that the dynamic East African nation offers …

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Ugandan President Lifts Mineral Export Ban Following Agreement with Kenyan Counterpart

Ugandan President Yoweri Museveni announced the lifting of a mineral export ban that had been in place since 2012. The announcement was made during his speech at the World Bank Summit in Nairobi, attended by 20 Heads of State. President Museveni revealed that the decision came after an agreement with …

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IonicRE Secures Landmark Mining Licence for Ugandan Rare Earths Project, Eyes 2026 Production

ASX-listed Ionic Rare Earth (IonicRE) has unlocked a pivotal milestone in its Ugandan ambitions, securing the first large-scale mining licence (LML) ever issued under the country’s revamped Mining Act of 2022. The granted LML 00334, officially signed by Ugandan Minister of Energy and Mineral Development Dr Ruth Nankabirwa Ssentamu, covers …

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Hollard acquires Kenya’s Apollo to gain EA foothold

South Africa’s largest privately owned insurance group Hollard International has extended its footprint in Africa through the finalisation an agreement to acquire a significant interest in Apollo Investments Limited, the holding company of Kenya-headquartered insurer APA Insurance. This strategic investment, subject to regulatory approvals, gives Hollard International a presence in …

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Specialist gains traction in oil,gas sector

Due to the large size and weight, this 9.5MW 11KV WEG electric motor has to be disassembled for shipment and reassembled on the offshore FPSO off the coast of Ghana. Africa is “hungry for electricity”, and electrical specialist Zest WEG is seeing growing demand from the oil and gas sector, …

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We are harnessing our technology to accelerate mining: Ionic MD

Ionic Rare Earths have revealed that their partnership with Ford Technologies, Less Common Metals (LCM) and the British Geological Survey will harness technology to accelerate the mining, refining and recycling of magnet and heavy rare earths critical for energy transition, advanced manufacturing, and defence. ASX-listed Ionic Rare Earths has inked …

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Uganda to set up state mining firm

Ugandan has started to set up a national mining company that will aim to take equity stakes of up to 15 percent of all medium and large scale mining operations in the country, according to the Minister for Energy and Minerals. The establishment of a state-owned mining firm and commercial …

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