Lyec Bullion Consults

Lyec Bullion Consults Lyec 🐘Bullion Consults is Africa’s Premier Bullion Banking & Gold Refinery , Encompasses Natural Resource Governance Think-Tank, Precious Metals Trade & Mining

update: MINERAL REFINING LICENSE Uganda now has officially licensed 6 Gold Refineries ✨️ with Emas Mining Uganda ltd as ...
08/06/2026

update:
MINERAL REFINING LICENSE

Uganda now has officially licensed 6 Gold Refineries ✨️ with Emas Mining Uganda ltd as the latest To be licensed

Caution ⚠️ Avoid any Refinery thats not Licensed , and even still keep Proper Due Delligence while trading or doing business with licensed ones!!!!

Hire A Professional Gold Consultancy firm to secure your next Gold Transaction

Engr Olanya Olenge Tonny
CEO Lyec Bullion Consults
Team Lead Global Gold Consortium-Ug
+256 789259675

LYEC BULLION CONSULTS We offer Reliable, Uncompromising independent Gold Testing at any location within East Africa (Uga...
04/06/2026

LYEC BULLION CONSULTS

We offer Reliable, Uncompromising independent Gold Testing at any location within East Africa (Uganda , Kenya, Tanzania & DRC Congo )

*** Hire our Services for Credible & Reliable , incorruptible Gold Testers with outstanding Reputation in a sector so marred by Scamming Syndicates!!!

WhatsApp +256 789259675
Engr Olanya Olenge Tonny
Chief Executive Officer
LYEC BULLION CONSULTS

https://sudantribune.com/article/313109
24/04/2026

https://sudantribune.com/article/313109

Sudan’s Mineral Resources Company reports artisanal mining revenues reached 113% of targets in Q1 2026, while gold production hit 89% of planned levels.

Africa's total central bank reserves climbed to $530 billion in 2025, up $50 billion from a year earlier.The rise was dr...
24/04/2026

Africa's total central bank reserves climbed to $530 billion in 2025, up $50 billion from a year earlier.

The rise was driven by soaring gold prices and increased bullion purchases by several African nations.

Gold now accounts for 17% of reserves, compared with less than 10% just two years ago.

The shift signals how African economies are strengthening buffers amid global uncertainty

 # Breaking the Chains: Why the Great Lakes Must Prioritize Open Resource Governance and Security PolicyThe Great Lakes ...
23/04/2026

# Breaking the Chains: Why the Great Lakes Must Prioritize Open Resource Governance and Security Policy

The Great Lakes Region of Africa—encompassing Uganda, the DRC, South Sudan, Burundi, & Tanzania—is arguably the richest geographical cluster on earth in terms of mineral wealth, arable land, and water bodies. Yet, for decades, this "geological scandal" has been a primary driver of instability rather than prosperity.

To escape the gravity of the **Natural Resource Curse**, the region must shift from a model of extraction to a model of open governance and integrated security.
Understanding the "Resource Curse"
The "Natural Resource Curse" (or the Paradox of Plenty) occurs when a country’s natural resources lead to less economic growth, weaker democracy, and worse development outcomes than countries with fewer resources. In the Great Lakes, this is often manifested through corruption, Dutch Disease (where resource exports hurt other sectors), and violent conflict over control of mines and oil fields.

1. The Pillar of Open Governance
The most effective vaccine against the resource curse is **Radical Transparency**. For Uganda, currently on the cusp of significant oil production, and its neighbors, the following policies are essential:
* **Contract Transparency:** All Mining and Production Sharing Agreements (PSAs) must be public. Secrecy in contracts allows for "sweetheart deals" that benefit political elites at the expense of the citizenry.
* **Beneficial Ownership Disclosure:** It is not enough to know which company owns a mine; we must know who *owns* those companies. Disclosing beneficial owners prevents officials from awarding contracts to their own shell companies.
* **Revenue Tracking:** Implementing the standards of the Extractive Industries Transparency Initiative (EITI) ensures that every dollar paid by a company is accounted for in the national treasury.

2. Redefining Security in Resource Zones
In the Great Lakes, "security" has often meant the militarization of resource-rich areas. However, true security is achieved through local legitimacy and the protection of human rights.
* **From Militarization to Formalization:** In the DRC and parts of Uganda, Artisanal and Small-Scale Mining (ASM) is often controlled by armed groups. Prioritizing the formalization of these miners—giving them legal titles and fair market access—strips power away from militias.
* **Environmental Security:** Resource governance is incomplete without environmental protection. Degradation of land and water sources leads to displacement, which in turn fuels regional migration crises and ethnic tensions.

3. A Regional Approach to a Transboundary Problem
Resources do not respect colonial borders. Gold from the DRC flows through Uganda; oil pipelines cross from the Albertine Graben to the Tanzanian coast.
The Great Lakes region must prioritize **Regional Harmonization of Mining Codes**. If one country has high transparency standards and another does not, smugglers will simply move resources across the border to the "path of least resistance." A unified stance on "Conflict Minerals" (Tin, Tantalum, Tungsten, and Gold) is required to ensure the region’s wealth isn't used to fund insurgencies.

The Path Forward for Uganda and Her Neighbors
Uganda stands at a crossroads. As it prepares for "First Oil," the temptation to centralize control is high. However, history shows that the most stable resource-rich nations (like Norway or Botswana) are those where the public trusts that the wealth is being managed for the next generation.

**The Advice to Leaders:**
1. **Prioritize the Sovereign Wealth Fund:** Ensure that resource revenues are invested in human capital—education and healthcare—rather than recurring government expenditure.
2. **Strengthen Independent Oversight:** Empower Parliaments and Civil Society Organizations to audit the extractive sector without fear of reprisal.
3. **Local Content with Integrity:** Ensure that "Local Content" policies actually empower local businesses, rather than serving as a front for political patronage.

Conclusive;
The natural wealth of the Great Lakes should be a blessing that builds world-class infrastructure and ends poverty. By choosing **Open Governance** over secrecy and **Human Security** over military force, Uganda and its neighbors can finally break the cycle of the resource curse and lead the continent into a new era of sustainable prosperity.

Engr Olanya Olenge Tonny CEO Lyec Bullion Consults Team Lead Global Gold Consortium-Ug
+256 789259675

* *THE REVISION OF GOLD TAXES IN UGANDA: HOW & WHY THE 200 USD EXPORT LEVY ? For several years, Uganda faced a standoff ...
22/04/2026

* *THE REVISION OF GOLD TAXES IN UGANDA: HOW & WHY THE 200 USD EXPORT LEVY ?

For several years, Uganda faced a standoff between gold refiners and the government over taxation. Thus the revisions aimed to create a sustainable middle ground that encourages exports & Value Addition while ensuring the country collects its fair share of revenue.

**1. How the Taxes Were Revised**
The government moved away from a strictly 5% percentage-based tax to a more fixed-rate structure to provide clarity and predictability for exporters, charging an export levy of 200USD per kilo of refined gold leaving Uganda

* **Refined Gold:** The tax was set at **$200 per kilogram** of refined gold exported.
* **Unrefined Gold:** For those exporting gold in its raw or semi-processed form, a levy of **5% of the total value** is applied.
* **Back-Tax Settlement:** The revision also included provisions for gold dealers to pay outstanding arrears that had accumulated during the period when the industry was on strike.

**2. Why the Taxes Were Revised**
**A. Ending the Export Stalemate**
Prior to this revision, the government had imposed a 5% levy on all gold exports. In protest, gold refiners and dealers halted exports for nearly a year, leading to a massive drop in Uganda's export earnings. The revision was a "peace offering" to get the industry moving again.
**B. Curtailing Smuggling**
High taxes often drive the gold trade underground. By setting a fixed, predictable rate ($200/kg), the government aimed to make legal exportation more attractive than smuggling gold through porous borders to neighboring countries with lower tax regimes.
**C. Formalizing the Artisanal Sector**
Uganda has a large number of artisanal and small-scale miners (ASMs). A clearer tax structure helps bring these informal players into the formal economy, allowing the government to track the flow of gold from the mines to the refineries.
**D. Revenue Generation**
Gold is one of Uganda’s leading foreign exchange earners. The government needed a functional tax system that actually collects revenue. By lowering the barriers that caused the "gold strike," the government ensured a steady stream of income into the national treasury rather than having a high tax on paper that no one was paying.
**The Impact**
Since these revisions, Uganda has seen a significant recovery in its gold export figures, reclaiming its spot as a regional hub for gold processing & refining of Gold. The move highlights a shift in policy from aggressive taxation to a "volume-based" strategy—where lower, fixed taxes encourage higher volumes of legal trade.

Opinion ; Do you think Government of Uganda Charging USD 200 (Gold Export Levy) on each kilo of Refined Gold for Export from Uganda is Robust Enough for The Highly Priced Precious Metals Trading ?????

With Global Gold Demand & Price Skyrocketing, is 200US still fair?

Engr .Olanya Olenge Tonny
CEO Lyec Bullion Consults
Team Lead Global Gold Consortium-UG🇺🇬🐘🇺🇬
+256 789259675

A Breakdown of Uganda's Mining Law: From Prospecting to Extraction - ONLINE
22/04/2026

A Breakdown of Uganda's Mining Law: From Prospecting to Extraction - ONLINE

By Eng Olanya Olenge Tonny Mining operations include the entire value chain, from looking for,...

ACHOLI ; Rich in Mineral Resources , Poor SystemsThe Soils of Northern Uganda sit atop vast deposits of Transition & Cri...
22/04/2026

ACHOLI ; Rich in Mineral Resources , Poor Systems

The Soils of Northern Uganda sit atop vast deposits of Transition & Critical Minerals , whose significance is just beginning to get noticed since the north has weak mining culture!

Northern Uganda is the untapped Mining Potential of East Africa & The Great Lakes Region

Engr Olanya Olenge Tonny CEO Lyec Bullion Consults Team Lead Global Gold Consortium-Ug
+256 789259675

Nile TV in partnership with Solettere Foundation Global has unveiled "THE LITTLE FACE OF UGANDA "PAGEANTRY 🇺🇬 CONTEST Do...
25/01/2023

Nile TV in partnership with Solettere Foundation Global has unveiled "THE LITTLE FACE OF UGANDA "PAGEANTRY 🇺🇬 CONTEST

Do you a Boy or Girl between 3yrs to 16yrs
Build them by allowing them to TAKE part in the

Forms are available for picking at Mega fm , Bomah Hotel, Shazana Children store, Nile TV, and Nasho Computers. [DATELINE 25th Feb 23]

Theme ; Ending Childhood Cancer

🎄 Chrismass Comes Early in Northern Uganda 🎄  Nile Media Group  TV 📺  Events Exclusively presents the Season 2 of THE FA...
03/12/2022

🎄 Chrismass Comes Early in Northern Uganda 🎄 Nile Media Group TV 📺 Events Exclusively presents the Season 2 of THE FACE OF GULU ... Date; Friday 23rd Dec 2022 @ Jaca Gardens Gulu City ..... Tickets are now on sale .........the event is themed ; Our Environment 4 Keeps 🌳 🌲 🌴
The FACE of GULU Nile TV Nile Events

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