Sawa Minerals Launches Africa's First Minerals Trading Platform, Brings Transparency to the Mining Industry

Tuesday, April 16, 2019 General News
Email Print This Page Comment bookmark
Font : A-A+

Sawa Minerals works with small-scale miners who make a huge contribution to the global minerals trade. The platform utilises blockchain-backed smart contracts to make it easy to buy and sell ethically mined precious metals and stones in a safe and transparent manner.

NAIROBI, Kenya, April 16, 2019 /PRNewswire-PRWeb/ -- 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.

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.

"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.

 

SOURCE Sawa Minerals



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store