Gold purchase programme

Uganda’s central bank is set to commence buying gold almost a year after announcing its domestic gold purchase programme, marking a significant shift in the country’s approach to reserve management and mineral sector policy. “We will soon begin buying gold,” said Bank of Uganda Governor, Michael Atingi-Ego, during a brief interview with CEO East Africa on the sidelines of the Annual Bankers Conference held yesterday at the Kampala Serena Hotel Conference Centre. Although the Governor, who appeared pressed for time, did not delve into the specifics of how the gold buying process would be rolled out, his remark signal a…