The Ministry of Energy and Mineral Development has tightened control over Uganda’s gold trade, unfolding against a backdrop of record-breaking export earnings, a planned entry of the central bank into domestic gold buying, and persistent concerns over transparency and conflict-linked supply chains. The Energy Ministry today issued a detailed public notice restricting gold trade to licensed players. Under the new directive, trading in gold may only take place between holders of valid mineral dealers’ licences for precious metals, gold mining licences, or refining licences, as provided for under the Mining and Minerals Act, 2022. The notice, issued through the Ministry’s…
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