Uganda mining sector Archives

‘It May Not Be Ours’: Deputy Central Bank Governor Suggests Uganda’s Sudden USD6.4 bn Gold Boom is Fuelled by Re-Exports

Muhereza KyamuteteraEconomy & Policy The Big StoryFebruary 13, 2026February 24, 2026

The Deputy Governor, Bank of Uganda, Prof. Augustus Nuwagaba, has drawn attention to a key structural feature of Uganda’s recent gold export performance: while gold has become the country’s largest…

Kilembe Mines, Woodcross Resources top list of mining companies defaulting on mineral rent at UGX 3.75 billion

Paul MurungiEnergy, Oil & Gas The Big StoryDecember 16, 2025December 16, 2025

Government has issued a default notice of dozens mining companies and licence holders after unpaid mineral rent arrears climbed to UGX 3.75 billion. Woodcross Mining Company Limited and Kilembe Mines…

Bank of Uganda to Begin Buying Gold After Year-Long Wait

Paul MurungiBanking & Financial Services The Big StoryJuly 30, 2025July 30, 2025

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…