The Ugandan government has started to set up a national mining company that will aim to take equity stakes of up to 15% of all medium and large scale mining operations in the country, the minister for energy and minerals said on Tuesday. Ugandan geologists say the country has large deposits of a range of...
Uganda spent Ush766.89 billion ($209.36 million) on gold imports in 2022, according to data from Uganda Revenue Authority (URA). Data contained in the URA May Annual Import Trade Report, 2022 indicates that during the period, Uganda imported unwrought or semi-manufactured gold from Zimbabwe, DR Congo and Tanzania. However, the Ush766.89 billion was far higher than...
Last year, on June 07, during his State of the Nation address, President Yoweri Museveni announced that Uganda had found up to 31 million metric tonnes of gold with extractable pure gold estimated to be about 320,000 metric tonnes valued at US$ 12.8 trillion. The President said officials in the Ministry of Energy and Mineral...
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