@CanaryMugume https://t.co/a63usfaUFu
Pelican Marina lodge looks absolutely incredible! Excellent choice by @canarymugume to showcase such a stunning location. Truly a gem in Uganda's tourism scene. ✨🇺🇬
It is now clear that East Africa is committed to ensuring there is transparency and traceability within its mineral supply chain. And now that Uganda has become the fifth country to sign up to the Regional Certification Mechanism (RCM) ICGLR, sourcing of minerals from areas ravaged by conflict should stop. My hope has always been to promote ethical and transparent practices within the mineral supply system.
It was great to witness the growing discussions within the precious metal industry on responsible sourcing at the 11th edition of the Dubai Precious Metals Conference. It's crucial for players to remember that meeting the world's demand for these precious metals must be tagged to responsible and transparent practices. The sector has made significant strides in promoting transparency, and every player must work to build a sustainable and responsible business environment.
It is crucial to establish a level playing field within the precious metals industry, ensuring that all players adhere to the same regulations. These rules should be designed to combat illicit trade in gold and particularly target conflict minerals, preventing their integration into the global system. While Valcambi SA, a prominent gold refiner, asserts the efficacy of its due diligence system in ensuring responsible sourcing, it is imperative that the entire industry operates under the same regulations to effectively address the issue of conflict gold.
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Investor tales of seeking precious metals in Africa and falling prey to unscrupulous dealers will persist until initiatives are taken to enhance transparency and traceability in the supply chain. Such stories tarnish the reputation of the precious metals industry, and deter potential investors.
It is crucial to foster trade within formal institutions that enable transparent transactions and clear identification of traders. This benefits the country, the market players as well as those officials seeking information for official purposes.
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For more than 30 years, I have followed and admired the remarkable work that Doctor Jane Goodall has done in the preservation of chimpanzees. Her perseverance in achieving her goals, and the humility with which she carries herself in protecting the chimpanzees, is something that we should all strive to emulate. That is why I could not miss celebrating the 25th anniversary of Ngamba Island Chimpanzee Sanctuary with Doctor Jane. A toast to the brave men and women of the Ngamba chimpanzee sanctuary for making it to 25 years and doing an amazing job. @ngambaisland@JaneGoodallInst
Behind Rwanda’s well-polished image is a racket of rogue government officials that manipulate investors in order to steal their assets. When Rwandan officials invited me to Kigali and agreed to partner with me to build one of East Africa’s biggest gold refineries, the plan and vision for the country was very promising. However, some of Rwanda’s officials only had a plan to grab the company’s assets and harass my staff with trumped-up charges.
Today, we expect a fair and honest settlement and compensation from the Rwanda government for the illegal seizure of our investments. Tbc. . .
For a long time, many have complained about the dubious activities of some NGOs, especially concerning their fabrication of reports in order to appease their donors. Also some donors have been complicit in these criminal schemes of the NGOs, and have quietly supported these scandalous activities simply because the NGOs promote their selfish agendas. Ugandans have fortunately begun to wake up to the rot of the NGO sector.
#UgandaNGOsExhibition
The security situation in the eastern part of the Democratic Republic of Congo appears to be getting worse. It is sad to hear that rebels killed more than 30 innocent students at a school in Kasese district in Uganda near the border of DRC last week. The rebels later fled to the DRC, according to statements by security forces. My thoughts are with the families of the students.
The United Nations has listed a number of rebel groups hiding in eastern DRC. The UN says one of the most prominent rebel groups is the M23. The United Nations has called on Rwanda’s government to stop supporting M23.
What doesn’t Africa have? The continent has everything – large water bodies, vast mineral resources, amazing weather, rich and fertile soils, human resources, etc. All these factors are enough to create jobs and generate revenue.
It is time for African countries to stand up and tear down the walls that a group of selfish Europeans built when they demarcated the borders that define Africa today during the infamous Berlin conference of 1884-1885. One way that Africa can do this is to ease trade between different countries. Easing trade within Africa should reduce the continent’s dependence on the Western world and create a more robust and resilient economy.
Of recent, Bloomberg has been critical of other trade centres when the issue is about Russian gold. Bloomberg’s concern is that other trade centres are dealing in Russian gold at a time when the country is facing sanctions over its war with Ukraine. But Bloomberg careful edits out the London Bullion Market Association (LBMA) in its obsessive attacks against those dealing in Russian gold. In the last 30 years, LBMA has been responsible for handling huge volumes of gold from Russia. But for some reason, the LBMA is uncomfortable when other countries deal in Russian gold. Many countries like the United Arab Emirates are sovereign states that have the right to determine who to do business with after undertaking proper due diligence. This selfish Western agenda that requires everyone to follow suit, fuelled by an increasingly partisan media and their fellow NGO mobsters, is dangerous for global trade and will only create a divided world. @ahmedbinsulayem
Based on the testimonies of some investors, Rwanda acts like one big casino where the government gambles around with investors. The list of companies that have been lured into Rwanda with the promise of great mutual benefits, but ended up being raided by government agents, continues to grow.
Aldango Gold Refinery ( https://t.co/26fJmA0wy9 ) is one of those companies that invested heavily to set up a gold refinery in Rwanda but was closed a couple of months later over flimsy reasons. Rwanda’s government later nationalised the refinery without any compensation to the investors. This corporate greed by some agents within Rwanda’s government must be fought if the country is to realise its potential.
Rwanda: How Paul Kagame spins security & diplomatic web in Mozambique
https://t.co/EkYz63hpO7
The US wants to take the lead in the Green Energy transition. To do that, the US needs critical minerals for its EV batteries as it shifts to electric cars from those using fuel. Most critical minerals are found in Africa, and in places like DRC. The US is increasingly dangling sweet deals to Africa’s leaders for minerals. That’s okay, for as long as Africans benefit from their resource. The problem is that the US is using baseless allegations to paint a dark picture of some mineral investors who are already investing in Africa’s precious metals industry, a dubious scheme designed to gain their unfair advantage.
Donor aid is the toxic addiction that many Western economies feed African countries to simply keep them in captivity. Africa, in all honesty, has the capacity to become financially self-reliant. And part of that capacity comes from its mineral wealth. All that Africa needs are investors who are willing to set up infrastructure that enables the continent to develop its mineral wealth in order to generate revenues for the advancement of other initiatives. Western countries are well aware of this fact. That is why Western countries find all sorts of flimsy reasons to issue sanctions on businesses in the mineral industry. It is all a plot to keep Africa poor. African countries need to stand up and say enough is enough.