Uganda: Presidential Directive Scrapping Royalties Yet to Be Implemented allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Daily Monitor
Wednesday December 16 2020
The issue of royalties was a heated topic among miners, some of who supported the ban while others opposed it. PHOTO/FILE.
Summary
President Museveni in 2017 scrapped paying of royalties on gold on grounds that it would attract foreign direct investment into the sector while limiting smuggling of the precious metal.
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The presidential directive of 2017 instructing gold miners to stop paying royalties is yet to be implemented because of bureaucracy in policy making.
Mr David Sebbagala from the Department of Geological Surveys and Mines, speaking during the second annual Uganda Artisanal Small-scale Mining and Quarrying Conference, organised by Africa Centre for Energy and Mineral Policy and Uganda Association of Artisanal and Small-scale Miners, said there is a long process involved before implementing a directive.