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Government has issued a default notice of dozens mining companies and licence holders after unpaid mineral rent arrears climbed to UGX 3.75 billion. Woodcross Mining Company Limited and Kilembe Mines Limited are listed as the largest defaulters, according to a public notice by the Ministry of Energy and Mineral Development. In the notice, the Ministry reminded mineral rights and licence holders that under the law, all licence holders have a legal obligation to pay annual mineral rent and royalties to government. The Ministry said the notice serves as the last and final demand, giving defaulters 14 days to clear outstanding…
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Centenary Bank, in partnership with the Good Forests Foundation and the Kasese District Local Government, yesterday November 26th, launched a greening initiative aimed at growing 5,000 fruit and timber trees within the Kasese District. The initiative reinforces Centenary Bank’s deep-rooted commitment to sustainable development, environmental stewardship and community well-being. The joint effort aims to enhance the resilience of the local environment, improve air quality and strengthen the bond between the private sector and the local community. Kasese District deputy RDC Henry Kabiriri planting a tree. Speaking at the launch, Emmanuel Otuko, Manager Sustainability at Centenary Bank emphasized the bank’s broader…
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Hima Cement investor, Sarrai Group is set to take over and re-develop Kilembe Mines based in Kasese District after signing a new agreement with the government. Hima Cement which is also based in Kasese District was acquired by Sarrai Group last year at a transaction value of USD 120 million. The investor signed a mineral production sharing agreement on March 3rd with Energy Minister Ruth Nankabirwa, and Finance Minister Matia Kasaija representing government as signatories. Sarrai Group Ltd and Nile Fibreboard Ltd emerged as the best bidders out of the 14 firms that expressed interest. According to Minister Nankabirwa, this…
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World Health Organization (WHO) Director General, Dr. Tedros Adhanom Ghebreyesus, is in the country to assess Uganda’s response to the current Ebola outbreak in Kasese District, Western Uganda. Kasese is…
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