Tag Archives: gold

Kampala, Uganda | THE INDEPENDENT | Uganda’s economic future is poised between opportunity and caution, according to top officials from the Bank of Uganda and the National Planning Authority (NPA). In a wide-ranging discussion this week, Professor Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, and Dr. Muwawala, Executive …

LIVIGNO, Italy | Xinhua |  Heavy snowfall and strong winds disrupted competition at the Milan-Cortina Winter Olympics in Livigno for days, forcing schedule changes and leaving several events in limbo. For the Chinese delegation, the wait went beyond the weather. Since the opening ceremony on February 6, China went 11 …

Kampala, Uganda | THE INDEPENDENT | Uganda’s gold sector has moved to the centre of the country’s export economy, with earnings hitting a record US$5.8 billion (about Shs21.1 trillion) in the year to November 2025, according to Bank of Uganda data. The surge has cemented gold as Uganda’s leading export …

KAMPALA, UGANDA | Xinhua | Ugandans have showered praise on long-distance runner Jacob Kiplimo after he clinched a historic third consecutive gold medal at the World Athletics Cross Country Championships in Tallahassee, Florida, on Saturday. Kiplimo won the senior men’s 10km title in 28:18, finishing ahead of Ethiopia’s Berihu Aregawi, …

Uganda alone generated roughly US$5.21 billion, approximately 18.23 trillion shillings, from gold exports between Nov 2024 and Oct 2025 Cairo, Egypt | THE INDEPENDENT | Africa is moving to reclaim control over its gold resources as Afreximbank and Egypt’s central bank advance plans for a pan-African bullion institution aimed at …

Gold continued to dominate export receipts, contributing over 40 percent of merchandise exports, although much of this reflected re-exports. Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy in 2025 closed the year on a relatively strong footing, marked by steady growth, low inflation and cautious macroeconomic management, but beneath the …

Mubende, Uganda | THE INDEPENDENT | Europe Gold Refinery, the first fully Ugandan-owned gold refinery founded by Feni Bernard, has received a mining licence in Mubende from the Ministry of Energy and Mineral Development, marking a key milestone in Uganda’s efforts to promote responsible and inclusive gold mining. The licence …

Empowering Uganda’s Gold Future Kampala, Uganda | THE INDEPENDENT | In a landmark move aimed at advancing Uganda’s Vision 2040, Eurogold has entered into a strategic partnership with the Mubende United Artisanal Miners (MUAM) to enhance value addition in the country’s gold sector. The Memorandum of Understanding (MoU), signed on …

Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue? COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extraordinary rally to …

Busia, Uganda | THE INDEPENDENT | President Yoweri Museveni has launched the Wagagai Gold Mining Project in Busia, alongside Chinese investors, and proposed the creation of a mineral wealth fund to channel Uganda’s gold and oil revenues into lasting infrastructure. The fund, he said, will finance railways, roads, power plants, …