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Saturday, 30 April 2022

GEITA GOLD MINE PAYS 4 BILLION TO TWO GEITA COUNCILS


Geita Gold Mining Limited (GGML) has paid a combined over Sh4 billion to Geita Town and Geita District Councils for the period July 2021 to March 2022 (3 quarters) as service levies. The service levy is a service charge that is payable to the respective councils in accordance with the law.

Commenting on the payments to the respective councils, AngloGold Ashanti – Geita Gold Mine Vice President for Tanzania and Ghana, Simon Shayo said the company recognizes and appreciates the importance of paying various taxes and levies to the government including service levies as revenue enables the government to bring development to their citizens.

"This contribution clearly illustrates how our company is at the forefront of paying various taxes and levies for the development of the people of Geita, it is also our responsibility to obey the laws of the Tanzanian government," said Shayo.



In addition to the various taxes and levies paid directly to the Central Government and our Councils, Geita Gold Mining Limited has also been contributing to community development through their Corporate Social Responsibility (CSR) plans.

“The company is focused on helping the community by improving infrastructure and services especially in the areas of health, education, water and roads.

"The company also plans to promote economic opportunities for Tanzanian entrepreneurs where the company has spent a total of Sh 863 billion in procurement of goods and services from Tanzanian companies where a total of Sh 69 billion has been spent in Geita in 2021," he said.



In addition, he said in developing Tanzanian businesses within the mining sector, GGML has partnered with the National Economic Empowerment Council (NEEC) and empowered more than 500 traders from Geita by providing them with various training and skills to compete effectively with other Tanzanians in the procurement process.

"We are also delighted that the Government and our other stakeholders recognize this contribution. That's why earlier this year, GGML emerged the overall winner amongst companies performing well in the mining sector in Tanzania for the financial year 2020/2021.

“GGML grabbed the award for the second consecutive time for having performed exceptionally in categories namely Government revenue contributions, environmental and safety practices, execution of Corporate Social Responsibility (CSR) projects and in local business content,” said Shayo.

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