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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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Uganda bets on ICGLR’s mineral certification mechanism as it battles for legitimacy in the global gold market COVER STORY | RONALD MUSOKE | For years, Uganda has carried the uncomfortable label of being “the gold laundering capital of Africa.” Watchdog reports, including investigations by the UN Panel on the Illegal Exploitation of …
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Investors are targeting continent’s vast untapped gold reserves NEWS ANALYSIS | RONALD MUSOKE | Africa, the world’s second-largest gold-producing region after China, is witnessing a surge in gold mining investment in 2025, fueled by strong global demand, favourable prices, and vast untapped reserves attracting increased international interest. So far, billions of …
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Terego, Uganda | THE INDEPENDENT | Police in Terego District are investigating a suspected murder involving two South Sudanese refugee women who were buried at an illegal gold mining site in Imvepi Refugee Settlement. The incident occurred on Saturday, July 19, 2025, at around 2:53 PM along the Ure River …
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The officers appeared in court under tight security and wore hoods, prompting Magistrate Namanya to order them to remove the coverings. He noted that court needed to see and identify them clearly, saying: “This is a court of law. I need to know whether I’m dealing with human beings or …
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The Independent Uganda: You get the Truth we Pay the Price
