New American sanctions target the commercial networks that turn Congo’s conflict minerals into global business NEWS ANALYSIS | RONALD MUSOKE | For years, eastern Democratic Republic of Congo’s wars have been fought with rifles, rockets and militias. Increasingly, however, Washington believes the conflict is being sustained somewhere else …
Read More »Africa turns gold refineries into reserve diversification engines
African central banks are increasingly linking domestic gold refining to reserve management as countries move to retain more value from minerals. The shift reflects a broader effort to diversify away from foreign currency assets while strengthening local supply chains. SPECIAL REPORT | BIRD AGENCY | Uganda’s foreign exchange …
Read More »REPORT: Transparency in oil and minerals sector could unlock billions for development
Kampala, Uganda | THE INDEPENDENT | A new report from the Extractive Industries Transparency Initiative (EITI) shows that resource-rich countries can significantly boost public revenues and sustainable development through transparency and sound fiscal management. It notes that with shrinking aid, rising debt, and volatile commodity markets, strengthening domestic revenue mobilisation …
Read More »PART II: US-China economic war
The US has long enjoyed the world’s cheapest energy, but China is now set to take that position THE LAST WORD | ANDREW M. MWENDA | In 2020–2021, Taiwan Semiconductor Manufacturing Company Ltd (TSMC) leapfrogged US-based Intel in the production of advanced chips. All of a sudden, TSMC could produce …
Read More »Washington’s critical minerals gambit
Inside Trump’s plan to rebuild global supply chains without China NEWS ANALYSIS | RONALD MUSOKE | On Feb. 4, delegations from more than 50 countries streamed into the U.S. Department of State for a summit that Washington D.C views as foundational to the next era of industrial power. Foreign ministers, …
Read More »The critical-minerals race is putting the planet at risk
COMMENT | Johanna Sydow & Nsama Chikwanka | The environmental and human toll of mineral extraction is becoming clearer – and more alarming – by the day. Roughly 60% of Ghana’s waterways are now heavily polluted due to gold mining along riverbanks. In Peru, many communities have lost access to safe drinking water after environmental …
Read More »African nations push to strengthen mineral diplomacy
Africa’s strategic minerals are no longer just economic assets. They are levers of power. Gold in the Sahel, cobalt and lithium in the DRC, fuel alliances, arm militias and shape global partnerships. According to experts, how these resources are governed will decide whether they drive industrial growth or entrench conflict …
Read More »Who owns Uganda’s mining companies?
Despite recent legal reforms, Uganda’s mining companies keep their true owners hidden, stalling transparency and accountability in a sector worth billions of dollars COVER STORY | RONALD MUSOKE | When Uganda was admitted into the Extractive Industries Transparency Initiative (EITI) fold in August 2020, it was hailed as a political and …
Read More »How mining companies are undermining Uganda’s EITI bid
A defiant mining industry is testing whether transparency in Uganda’s extractive sector can survive on goodwill alone Kampala, Uganda | RONALD MUSOKE | When Gloria Mugambe, the Head of Uganda’s EITI Secretariat (UGEITI) stepped up to the podium at the launch of the country’s Fourth Extractive Industries Transparency Initiative (EITI) Report …
Read More »The case for a Uganda mineral exploration fund
COMMENT | ERIC ODONGO | It is no longer in doubt that Uganda is endowed with considerably vast amounts of minerals. Dating as far back as colonial times in 1925, when the oil potential was first documented, exploration has and continues to support mineral development in Uganda. According to the …
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The Independent Uganda: You get the Truth we Pay the Price