Dodoma. Geita Gold Mining Limited (GGML) and the State Mining Corporation (Stamico) have signed a two-year agreement worth Sh55.2 billion that will see the government agency carry out drilling operations at the firm’s mining site.
The GGML acting managing director, Mr Elder Damon, stated during a brief ceremony to sign the agreement on Monday that more local companies have been awarded vendor contracts in the mining industry since the adoption of local content regulations in 2018.
“Our interest has been to support communities by equipping them with the skills to enable them to compete effectively. Stamico has been providing exploration drilling services at GGML, supporting surface exploration drilling programmes since September 2020,” said Mr Damon.
“Stamico has provided the drilling services with high standards in safety, and drilling performance in line with our targets and objectives,” he said, adding that the agreement demonstrates continued support for the development of skills and expertise around exploration drilling in the country.
On the other hand, Stamico director general Dr Venance Mwasse, commended GGML for trust and confidence in what they have done since their initial contract in 2020 and vowed to meet the drilling targets.
“We would like to assure GGML and the government that our work will be executed with high quality and standards,” said Dr Mwasse.
The Minister for Minerals Dr Dotto Biteko who graced the signing event, revealed that Stamico’s fortunes changed for the better in 2020 when they said the initial contract with Geita Gold Mining Limited.
“Since 2020 things have completely improved. Stamico has performed very well in terms of quality deliverables, something which many of us are really proud of,” he said.
“Stamico has represented our country very well and that is why many investors like GGML are still interested to work with them,” said Dr Biteko.
He also called upon other local companies to take advantage of international tenders whenever they are advertised because local content regulations support them.
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.
Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).
Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.
While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.
“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”
Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.
Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.
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“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”
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On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.
He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:
At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.
There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.
Source: allafrica.com
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