Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Tuesday, August 9, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
Sawa Minerals works with small-scale miners who make a huge contribution to the global minerals trade by utilising blockchain-backed smart contracts 

Photo source Sawa Mining

Kenya based Sawa Minerals launches Africa’s first blockchain minerals trading platform

by Kimani Chege
April 18, 2019
in Extractive and Energy, Kenya
0
Share on FacebookShare on LinkedIn

Sawa Minerals works with small-scale miners who make a huge contribution to the global minerals trade by utilising blockchain-backed smart contracts

Sawa Minerals, a tech-driven company has launched a platform that will transform the lives of many African miners.

The blockchain backed smart contracts platform has been designed in such a way that it is easy to buy ethically mined minerals from artisans and small scale miners (ASM) across Africa and the developing world in a transparent manner.

The name ‘Sawa’ is Swahili for “fine”, “all good” or “no worries”. One of the co-founders Mr Kali Angwa said they settled on the name because it captures the purpose of the platform.

Sawa Minerals is a platform where stakeholders are not worried about fraud; where buyers are assured of ethically mined, genuine minerals; where miners are assured of decent pay. The platform will be guided by the principles of fair treatment of the planet, sustainability, conflict-free mining, fair pay, and protection of human life.

Read also: Kenya seeks mineral market in the United Arabs Emirates

The ultimate goal of Sawa Minerals is to bring transparency, and ensure that artisans and small-scale miners are part of an inclusive value chain that will transform their livelihoods.

It is a sad reality that small-scale miners in Africa and the rest of the developing world make a huge contribution to the global minerals trade yet they remain poor, exposed to hazards and the constant threat of conflicts. Sawa Minerals challenges this status quo.

Speaking during the launch in Nairobi, the CTO and Co-founder of Sawa Minerals, Mr. Kali Angwa, said artisans and small-scale miners in developing countries will now have the opportunity to be part of an inclusive platform that respects and puts their needs first.

Mr. Angwa said Sawa Minerals is committed to inspiring an ecosystem that will shape the future of ethical mining, one that is free of child labour, where the ASM community will work in safe conditions and earn life-sustaining income.

“Artisanal and small-scale mining is an important supplier to key sectors of the global economy including manufacturing, construction, jewelry and and electronics. For example, if all of the world’s ASM community stopped working today, the world would suffer a shortage of 20% gold, 20% diamond and 80% of global sapphire. They deserve to be treated well. “, said Mr. Angwa.

Read also: Why Magufuli`s government might succeed in fixing mining sector

“Like my fellow small-scale miners here, I am very happy to see the entry of Sawa. This platform will help alleviate the extreme poverty we live in and eliminate exploitation that is everywhere around our community” said Joshua Ochieng, a small-scale gold miner in Migori, West of Kenya.

All licensed artisans and small-scale miners as well as buyers and traders can sign up with Sawa Minerals by visiting https://sawaminerals.com and registering.

Sawa Minerals will also play an active role in guiding the miners to become compliant with their countries’ regulations. This is one of the measures the venture has put in place to ensure that buyers and the ASM community engage in transparent trade that is free of worries, remaining true to the meaning of Sawa in Swahili!

Sawa Minerals affirms that organizing the artisans and small-scale miners in one inclusive platform will bring many advantages not only to buyers and ASM members but governments as well. It will enhance government’s’ ability to improve earnings from the mineral deposits available in their countries and bolster their GDP.

Read also: First gold bullion in East Africa launched in Tanzania

Also Read how Kenya seeks mineral market in the United Arabs Emirates

Tags: KenyaMining in KenyaSawa Miningsmall scale mining

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Kimani Chege

Related Posts

Africa

Unlocking Africa’s gas riches: Nigeria-Morocco gas pipeline a game changer

July 4, 2022
Africa

Powering Africa: Renewables safest bet for sustainable future

July 4, 2022
Growth in employment earmarks Kenya's post-pandemic economic recovery. www.theexchange.africa
Countries

Growth in employment earmarks Kenya’s post-pandemic economic recovery

May 11, 2022
Next Post
Civil societies in Kenya exploring underlying social and economical issues affecting Oil and Gas benefits in Kenya

Rights bodies calls for greater scrutiny of Kenya's Turkana oil revenues

Acumen announces nearly $70 Million close of for-profit off-grid energy fund through its subsidiary Acumen Capital Partners

Acumen launches $70 million solar fund KawiSafi ventures

KRA Commissioner-General John Njiraini. KRA has denied ‘enabling’ narcotics importation in duty-free window.

KRA struggles as stinking rich Kenyans hide trillions abroad




This months edition

Features

The leaders of the BRICS nations meet at the group’s summit in Osaka in June 2019. Concerns are India might pull out of the group over tensions with China. (Photo/ Reuters)
Countries

What does Russia’s invasion of Ukraine mean for Southern Africa?

by Albert Nangara
August 3, 2022
0

When the United Nations General Assembly voted overwhelmingly on March 2 to condemn Russia’s invasion of Ukraine, African countries accounted...

Read more
Logistics and transport startups will play a major role in enabling Africa’s largest free-trade area (Photo/ Quartz Africa)
Industry and Trade

Trends shaping the future of logistics in African markets

by Albert Nangara
August 3, 2022
0

Digitization of logistics and compliance with sustainability policies will shape the future of logistics in African markets. Digitalization involves the...

Read more
Biometric systems are expected to lead the market for airport security systems in growth over the next five years, as the market increases at an 8 per cent CAGR through 2024 (Photo/ Biometric Updates).
Tech & Business

Machine learning, Artificial Intelligence changing Africa’s Airports

by Albert Nangara
August 2, 2022
0

According to Frontiers, AI has been recognized to have a wide potential to reduce human workload or increase human capabilities...

Read more
www.theexchange.africa/
Investing

ESG global mining and the social license

by Laurence Sithole
August 2, 2022
0

In terms of achieving net zero carbon emissions, the largest mining companies in the world have several options – each...

Read more
Some of the group members learning the components of the new briquette making machine. The machine can produce 500 briquettes per day. www.theexchange.africa
Investing

Reusable, organic charcoal: Answer to Africa’s cooking fuel challenges

by Njenga Hakeenah
August 2, 2022
0

United for Green is working to ensure that Africans do not get to these extremes. By empowering women, the plan...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In