{"id":7669,"date":"2022-12-15T17:42:57","date_gmt":"2022-12-15T17:42:57","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=7669"},"modified":"2022-12-16T10:25:26","modified_gmt":"2022-12-16T10:25:26","slug":"hon-peter-lokeris-asks-financial-institutions-to-offer-loans-to-small-scale-miners","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/hon-peter-lokeris-asks-financial-institutions-to-offer-loans-to-small-scale-miners\/","title":{"rendered":"<strong>HON PETER LOKERIS ASKS FINANCIAL INSTITUTIONS TO OFFER LOANS TO SMALL SCALE MINERS<\/strong>"},"content":{"rendered":"\n<p><strong>By Zulfah Namatovu<\/strong><\/p>\n\n\n\n<p>The Minister of State for Minerals Hon Peter Lokeris has called upon all banking institutions to help miners\u2019 access financial help in terms of loans.<\/p>\n\n\n\n<p>He was speaking at the opening of a two day -4th annual ASM conference \u00a0and launch of the great lakes mining and energy transition under the \u00a0theme: \u201dOur shared responsibility in shaping the green energy transition and climate change adaptation\u201d in Kampala.<\/p>\n\n\n\n<p> The  Conference was organised and sponsored  by the Africa Center for Energy and Minerals Policy (ACEMP) led by the Executive Director Mr. Don Bwesigye Binyina and Mr. Chris Musiime , the Program Director.<\/p>\n\n\n\n<p>In Uganda, more than 90% of the mining sector is in the hands of ASMs who are estimated to be well over 1 million Ugandans, a significant percentage of whom are engaged in gold mining. During  the dialogue  small scale miners from districts around the country including Karamoja and Busia, gathered to find solutions to the various challenges they face.<\/p>\n\n\n\n<p>The minister directed all financial institutions to grant miners loans because the kind of work they do is legitimate and very profitable. \u2018\u2019 These miners shouldn\u2019t be denied loans in case they come to you for help. Their jobs are genuine and am sure they cannot fail to pay back the loans because their work is profitable,\u2019\u2019 Lokeris stated.<\/p>\n\n\n\n<p>At the meeting some miners said that they don\u2019t understand the on-line license application processes because of their limited education and luck of computer skills . They also complained about length &nbsp;loan application process in financial institutions and the security requirements that banks demand before one access a credit facility .<\/p>\n\n\n\n<p>Ms.Josephine Aguttu a miner in Busia district said mining companies don\u2019t give adequate compensation to the local communities where they carry out their mining activities.<\/p>\n\n\n\n<p>\u2018\u2019 The mining companies take advantage of the ignorance of the &nbsp;residents and give them less compensation compared to what they are supposed to get leading to disputes between&nbsp; the miners and the local communities \u2019\u2019.<\/p>\n\n\n\n<p>Poor infrastructure in the districts where mining takes place was another big challenge which was pointed out by the participants to the communities.<\/p>\n\n\n\n<p>Hon.Francis Mwijukye MP Buhweju Countysaid that&nbsp; the Chinese companies that carryout mining should &nbsp;honour their financial obligations to the local governments where operate &nbsp;in order to help improve on the roads and schools infrastructure &nbsp;in the communities.<\/p>\n\n\n\n<p>Responding to the complaints Minister Lokeris asked miners to &nbsp;embrace the online license application that saves time and reduces on the red tape and corruption .It also helps the miners &nbsp;to avoid travelling long distances to have their applications processed.<\/p>\n\n\n\n<p><strong>Back Ground:<\/strong><\/p>\n\n\n\n<p>The Africa Centre for Energy and Mineral Policy (ACEMP) launched the first Annual ASM Conference and Exhibition in June 2019 as a platform for ASMs to showcase their work, make their voices heard and interact with Government Agencies, Civil Society, the Private sector and Development Partners.<\/p>\n\n\n\n<p>The annual Mkutano will provide a safe, just, equitable and respectful space for dialogue and engagement to facilitate learning, sharing, exchange of information and building solidarity between and amongst the different actors on energy, mining, Climate Change Justice, Adaptation and Mitigation, implementation of the Africa Mining Vision, Critical Minerals Supply Chains, sector governance issues like respect for human rights.<\/p>\n\n\n\n<p><strong>Editor:msserwanga@gmail.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Zulfah Namatovu The Minister of State for Minerals Hon Peter Lokeris has called upon all banking institutions to help<\/p>\n","protected":false},"author":1,"featured_media":7670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[202,65],"tags":[],"class_list":["post-7669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-minerals","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/HON-MIN-PETER-LOKERIS3-scaled.jpg","jetpack-related-posts":[{"id":7713,"url":"https:\/\/prowebinhost.com\/anzu\/government-crimilises-use-of-mercury-in-mining\/","url_meta":{"origin":7669,"position":0},"title":"GOVERNMENT CRIMINALISES USE OF MERCURY IN MINING","author":"UgandaUpdate","date":"December 18, 2022","format":false,"excerpt":"By Zulfah Namatovu In Kampala \u00a0Mercury is known for recovering minute pieces of gold that is mixed in soil and sediments. These two combine together to form an amalgam of which gold is then extracted by vaporizing the mercury. \u00a0In Uganda the use of mercury by artisanal gold miners is\u2026","rel":"","context":"In &quot;Minerals&quot;","block_context":{"text":"Minerals","link":"https:\/\/prowebinhost.com\/anzu\/category\/minerals\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/gro.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/gro.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/gro.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/gro.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/gro.jpg 3x"},"classes":[]},{"id":5227,"url":"https:\/\/prowebinhost.com\/anzu\/nankabirwa-cautions-mining-companies-against-abuse-of-employees-human-rights-and-environmental-destruction\/","url_meta":{"origin":7669,"position":1},"title":"Nankabirwa cautions mining companies against abuse of employee\u2019s human rights and environmental destruction","author":"UgandaUpdate","date":"March 8, 2022","format":false,"excerpt":"By Sierra Ruth Arinaitwe The Minister of Energy and Mineral Development Hon Ruth Nankabirwa has cautioned mining companies in Eastern Uganda to observe their employee\u2019s safety at all times while on duty and to practice sustainable exploitation of minerals. This was during the minister\u2019s induction tour of the minerals sub\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/prowebinhost.com\/anzu\/category\/energy\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/03\/en.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/03\/en.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/03\/en.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/03\/en.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/03\/en.jpg 3x"},"classes":[]},{"id":10746,"url":"https:\/\/prowebinhost.com\/anzu\/ban-on-export-of-unprocessed-minerals-to-stay-minister-lokeris\/","url_meta":{"origin":7669,"position":2},"title":"Ban On Export of Unprocessed Minerals To Stay \u2013 Minister Lokeris","author":"UgandaUpdate","date":"November 30, 2023","format":false,"excerpt":"By Zulfah Namatovu in Munyonyo The Minister of State for Energy Peter Lokeris has restated \u00a0the government's position to \u00a0ban the export of \u00a0unrefined minerals which was imposed in February 2015 by President Yoweri Kaguta Museveni. He said that the ban \u00a0will not be lifted. Minister Lokeris explained that President\u2026","rel":"","context":"In &quot;Minerals, National Development&quot;","block_context":{"text":"Minerals, National Development","link":"https:\/\/prowebinhost.com\/anzu\/category\/minerals-national-development\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/ire-scaled.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/ire-scaled.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/ire-scaled.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/ire-scaled.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/ire-scaled.jpg 3x"},"classes":[]},{"id":4945,"url":"https:\/\/prowebinhost.com\/anzu\/energy-ministry-to-fast-track-mining-and-minerals-bill\/","url_meta":{"origin":7669,"position":3},"title":"Energy Ministry to fast track  Mining and Minerals Bill","author":"UgandaUpdate","date":"January 13, 2022","format":false,"excerpt":"By Sierra Ruth Arinaitwe The Minister of Energy and Mineral Development Hon Ruth Nankabirwa has vowed to fast track and defend the Mining and Minerals bill 2020 before the Parliament of Uganda to have it passed as soon as possible. The Mining and Minerals Bill which seeks to consolidate and\u2026","rel":"","context":"In &quot;National Development&quot;","block_context":{"text":"National Development","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-development\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/01\/nakab.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/01\/nakab.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/01\/nakab.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/01\/nakab.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/01\/nakab.jpg 3x"},"classes":[]},{"id":4220,"url":"https:\/\/prowebinhost.com\/anzu\/state-minister-for-minerals-hon-lokeris-commissions-wagagai-gold-mining-uganda-project-in-busia\/","url_meta":{"origin":7669,"position":4},"title":"State Minister for Minerals Hon. Lokeris Commissions Wagagai Gold Mining Uganda project in Busia","author":"UgandaUpdate","date":"October 7, 2021","format":false,"excerpt":"By Sierra Ruth Arinaitwe The Minister of State for Mineral Development Hon. Peter Lokeris has officially commissioned a gold mining project being undertaken by \u00a0Wagagai Mining (U) Limited, aat Alupe gold field in Busia District. Hon Lokeris said that the Wagagai Gold project being implemented by Wagagai Mining (U) Limited\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/loke.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/loke.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/loke.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/loke.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/loke.jpg 3x"},"classes":[]},{"id":6175,"url":"https:\/\/prowebinhost.com\/anzu\/ministry-of-energy-has-held-a-joint-security-meeting-to-ensure-safe-surveying-of-minerals-in-karamoja-region\/","url_meta":{"origin":7669,"position":5},"title":"MINISTRY OF ENERGY HAS HELD A JOINT SECURITY MEETING TO ENSURE SAFE SURVEYING OF MINERALS IN KARAMOJA REGION","author":"UgandaUpdate","date":"July 6, 2022","format":false,"excerpt":"The Ministry through the Directorate of Geological Surveys and Mines (DGSM) has conducted a high \u00a0level Joint Security framework in Moroto district. \u00a0 The meeting held at Hotel Africana Moroto was attended by\u00a0 Ministers, district leadership from 9 \u00a0districts,\u00a0 MEMD staff and the Contractor \u00a0Xcalibur. \u00a0 The districts represented at\u2026","rel":"","context":"In &quot;Minerals&quot;","block_context":{"text":"Minerals","link":"https:\/\/prowebinhost.com\/anzu\/category\/minerals\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/07\/lokeris.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/07\/lokeris.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/07\/lokeris.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/07\/lokeris.jpg 2x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pc0aOV-1ZH","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/7669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/comments?post=7669"}],"version-history":[{"count":4,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/7669\/revisions"}],"predecessor-version":[{"id":7684,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/7669\/revisions\/7684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media\/7670"}],"wp:attachment":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media?parent=7669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/categories?post=7669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/tags?post=7669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}