Top Tweets for #ASMQUG20
“For us in Kasanda, we stopped lamenting. We are going to document all people involved in mining, we want to get local service tax from them. Each one has to pay...” Sebulime Gonzaga, CDO-Kassanda. #ASMQUG20
https://t.co/ABUQ06hSKQ
Miners at the #ASMQUG20 conference were also able to share their COVID-19 experiences. ASMs from Gulu district reported that they’re still selling aggregates at 250,000/= from the original price-350,000/= despite lifting of the lockdown.
The #ASMQUG20 brought to light the plight of ASMs involved in the mining of 3Ts whose livelihoods were disrupted by the ban on exportation of unprocessed minerals. ASMs in Ntungamo have since resorted to farming which they reported isn’t as productive as tin mining.
The #ASMQUG20 brought together ASMs and representatives from the @energyministry,which sparked conversation on removal of5% royalties on gold exportation.Most ASMs were skeptical about the intention behind this decision.“How can agovernment that’s borrowing remove royalties?”Emma
@ACEMP_UG on Thursday andFriday last week held the #ASMQUG20 conference,where ASMs interacted with @CentenaryBank representatives. ASMs passed on an invitation to the bank into the mines, where miners would guide them on understanding the value chain and ASM financial flows.
The Programs Director @ACEMP_UG wraps up the #ASMQUG20 conference with appreciation and details on the next conference: "It will be held in Gulu district, @UNDPUganda made a pledge to fund the meals and venue. We hope to continue holding this conference at regional level.
Elizabeth Byarugaba: "I recommend having, Vocational Institutions to train miners, stimulus packages, and capacity building for miners on filling returns, etc."
#ASMQUG20
Padde Steven: "E-licensing is still a very big challenge. We appeal to government to ease the E-licensing and decentralize the process."
#ASMQUG20
Final session: Resolutions and recommendations, moderated by John Bosco Bukya, the chairman for the Uganda Association for Artisanal and Small scale Miners.(UGAASM) #ASMQUG20
Mpirirwe Phellie: We have operation wealth creation for the agricultural sector. Why can't we also be included since our industry also creates wealth for the community?"
#ASMQUG20
Jospeh Kibirige @CentenaryBank: Unlike miners, we are able to understand farmers’ financial flows. We are aware of the risks and are able to adjust and restructure. One season may be bad, but the next will be okay. #ASMQUG20
Elizabeth Byarugaba: You are willing to risk with farmers, whose income is dependent on whether and seasons, and not with us? #ASMQUG20
@ACEMP_UG programs director @MusiimeChris hails @CentenaryBank for coming to speak to ASMs. "The first bank I contacted about the #ASMQUG20 told me they cannot be involved in this, but @CentenaryBank has taken the big step. Thank you"
Joseph Kibirige: "We plan to carry out site visits in the different regions to get to know the miners and create business models for you."
#ASMQUG20
"And as an institution, you can't judge before you set foot. We invite you to set foot in Mubende and look at the model set there then help us to establish more models of business that can give foot steps for the mining industry."
#ASMQUG20
Elizabeth: I agree with you when you say the mining sector is speculative. So as we try to sort our in-house challenges & organize our book keeping, etc. You too can meet us half-way. Have an MOU with us & take a lead into the mining sector as a financial institution.
#ASMQUG20
Q&A Session: John: "You mentioned that you have products for the mining industry but I personally think you need to have products specifically tailored for the mining industry."
#ASMQUG20
@CentenaryBank assures ASMs at the #ASMQUG20 that if they're organised they can access credit facilities @UgandaChamber @actionaiduganda
Joseph Kibirige: "ASMs also need to change the narrative especially the bad press, child labor, crime, and bad practices so as to build trust with banks."
#ASMQUG20
Joseph Kibirige from @CentenaryBank . Our main challenge with ASMs is that they are largely informal. No financial books of records or financial flows. So we find it hard to finance such businesses. #ASMQUG20
A panel discussion on financing and leasing opportunities for ASM-Q industry by Joseph Kibirige from Centenary Rural Development Bank and Robert Tugume, Branch Manager Centenary Bank, Mbarara.
#ASMQUG20
Joseph Kibirege: "ASMs are largely informal with little or no book keeping so the banks find it difficult to work with you because of the missing gaps."
#ASMQUG20
Joseph Kibirige: Centenary Bank has zeroed down to a few products that we think can be very beneficial to you. e.g. Business loans and Cente lease-Asset financing.
#ASMQUG20
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