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Tag Archives: gold

Eurogold partners with Mubende artisanal miners to boost gold sector

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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The price of gold is skyrocketing

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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Wagagai Gold Project launched, Govt moots Mineral Wealth Fund

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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Gold laundering capital?

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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Africa attracts billion dollars in gold mining investments

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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Police probe suspected murder in illegal gold mining site

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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Chemutai set for Doha Diamond League

KAMPALA, UGANDA | Xinhua | Uganda’s Peruth Chemutai is set to compete in the 2025 Doha Wanda Diamond League slated for May 16 in Qatar. Chemutai, the 2020 Olympic gold medalist will compete in the women’s 3,000m steeplechase. “I am in good shape and ready to go and compete for …

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