Uganda Press Releases
Uganda's gold export earnings have surpassed USD 2 billion for the second consecutive year, with continued growth in formalised artisanal production and strong international gold prices combining to deliver a record contribution from the sector to the country's foreign exchange earnings.
The Uganda Revenue Authority has reported record tax collections from the minerals sector, with gold contributing the largest share as elevated prices and formalisation programme growth expanded the taxable base across artisanal, mid-tier, and large-scale operations.
The Bank of Uganda has cut its central bank rate as improving economic conditions, supported by strong gold export performance and stable inflation, provided the central bank with the confidence to ease monetary policy and support continued economic growth.
Uganda's national gold refinery has announced a significant expansion of processing capacity, enabling the country to refine a greater proportion of its gold output domestically and retain more value from its mineral resources within the national economy.
Uganda has formally adopted the African Minerals Development Centre's governance framework for its gold sector, aligning national policies with continental best practices on responsible mining, community benefit sharing, and supply chain transparency.
Uganda has opened a National Gold Hallmarking Centre in Kampala, providing official quality certification for gold articles produced or processed in Uganda and strengthening the country's quality assurance infrastructure for its growing precious metals sector.
Uganda hosted the East Africa Gold Summit in Kampala, bringing together ministers, regulatory officials, and industry representatives from across the East African region to discuss the development of the gold sector and the deepening of regional supply chain cooperation.
The Uganda shilling has strengthened significantly against major international currencies, supported by the record gold export earnings that have boosted the country's foreign exchange inflows and improved the resilience of its balance of payments position.
Uganda's artisanal and small-scale mining formalisation programme has reached the milestone of 50,000 registered miners, with the government's Community Mining Zones initiative playing a central role in bringing artisanal producers into the formal sector.
The World Bank has approved a USD 150 million development finance facility for Uganda's minerals sector, supporting the continued expansion of the country's gold formalisation infrastructure, geological survey programme, and regulatory capacity.
Uganda's Directorate of Geological Survey and Mines has identified significant new gold deposit occurrences in the north-eastern region of the country, adding to the pipeline of exploration targets that support Uganda's long-term gold production outlook.
Uganda and the United Arab Emirates have formalised a strategic gold partnership covering supply chain development, responsible sourcing framework alignment, and investment facilitation across Uganda's gold sector and UAE market infrastructure.
The Uganda Securities Exchange has launched a dedicated mining sector investment vehicle, providing domestic and international investors with a regulated platform to gain exposure to Uganda's growing gold and minerals sector through the country's capital markets.
Uganda and the Democratic Republic of Congo have signed a cross-border minerals supply chain agreement, establishing a formal framework for the transparent movement of gold and other minerals across the shared border and into Uganda's formalised export infrastructure.
Murchison Minerals has reported significant advances in its gold exploration programme in western Uganda, with drilling results confirming the presence of a substantial mineralised system that warrants continued investment in resource definition.
Uganda's Community Mining Zones programme has expanded to ten new districts, bringing the total number of designated zones to 32 and significantly increasing the reach of the country's artisanal sector formalisation initiative across gold-bearing regions.
A major investment in road infrastructure across Uganda's northern mining regions has been confirmed, with new and upgraded routes expected to significantly reduce logistics costs for gold producers and improve the commercial viability of operations in previously remote areas.