KAMPALA, UGANDA | Xinhua | Uganda’s export earnings for the year ending February 2026 grew by 63 percent largely due to gold and coffee, a new report said here Saturday. The Performance of the Economy Report for March 2026 issued by the Ministry of Finance, Planning and Economic Development showed …
Read More »BoU taps local refinery in push to build gold reserves
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has signed a contract with Euro Gold Refinery to supply gold under its Domestic Gold Purchase Programme, marking a shift toward local value addition as the central bank moves to strengthen its reserve base. The agreement follows the central bank’s decision to directly purchase gold …
Read More »From Goldfields to Ghost Revenues: What Tanzania gets right that Uganda still struggles with
Kampala, Uganda | URN | Uganda may soon establish mineral markets as part of the efforts to ensure that the minerals produced in the country benefit the economy and Ugandans in general. While the country is endowed with vast mineral resources, including gold, lithium, copper, and rare earths, among others. …
Read More »Big win for artisanal miners as DR Congo pilots first gold refinery
The refinery is expected to deliver fairer prices, transparent trading systems and new market opportunities for thousands of artisanal miners, trading posts, and small- and medium-scale mining operators. SPECIAL REPORT | BIRD AGENCY | Small-scale miners in the Democratic Republic of Congo are tipped to gain access to a …
Read More »Ugandan gold exporter in Shs190bn tax evasion scandal
The racket stretches from officers at the export declaration point at Entebbe Airport all the way to the highest echelons at URA Kampala, Uganda | IAN KATUSIIME | Thaba Investments Limited, a major refiner and exporter of gold in Uganda, is under scrutiny for allegedly evading millions of dollars in …
Read More »Uganda’s Economic Outlook: Bank of Uganda and NPA officials advise caution and strategic growth
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 …
Read More »From waiting to winning, China strikes double Olympic golds through storm in Livigno
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 …
Read More »Gold exports power Uganda’s mineral economy as new industry heavyweights emerge
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 …
Read More »Ugandans hail Kiplimo after historic third straight world cross country gold
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, …
Read More »Afreximbank, Egypt plan Pan-African Gold hub
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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The Independent Uganda: You get the Truth we Pay the Price