Gold
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News
Uganda’s exports declined 8.3 percent in January 2024, says new report
KAMPALA, March 18, 2024 – In January 2024, Uganda exported merchandise worth US$ 565.4 million, which is an 8.3 percent reduction in export earnings, when compared with US$ 616.36mln earned in December…
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News
Uganda’s economy continued its recovery from multiple external shocks, despite turbulent global environment-report
KAMPALA, February 6, 2024 – Uganda’s real gross domestic product [GDP] growth rate rose from 4.6 percent in the financial year 2022 to 5.2 percent in FY20231, but domestic challenges persist, and…
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National
Sensitise citizens on minerals, minister urged
KAMPALA, February 2, 2024 – The Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu has been asked to table a statement in parliament on government plans to sensitise the citizenry on…
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Cooperatives & Communities
Uganda’s export earnings dropped 10.7 percent in November 2023
KAMPALA, January 18, 2024 – Uganda’s export receipts during November 2023 fetched the country US$ 615.05 million, a 10.7 percent decline when compared to the US$ 688.69mln the country earned in October…
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National
Uganda’s September 2023 export earnings post 5.6 percent decline
KAMPALA, November 24, 2023 – According to the Ministry of Finance, Uganda shipped exports worth US$ 632.06 million in September 2023, a 5.6 percent decline when compared to US$ 669.88mln exported in…
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News
Four perish in Buhweju gold mine accident
BUHWEJU – Locals in Bihanga Sub-county in Buhweju district are terrified after four artisanal miners died as part of the gold mine they were working in collapsed last Friday. Martial Tumusiime, the…
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International
Global gold demand up 28 percent year-on-year in Q3
LONDON-The World Gold Council’s latest Gold Demand Trends report reveals that gold demand [excluding over-the-counter trading-OTC] in the third quarter of 2022 hit 1,181 tonnes, up 28 percent year-on-year. Strong demand pushed…
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Energy & Mining
Busitema University, Chinese gold company sign deal to improve skills
TORORO-Busitema University has signed a Memorandum of Understanding with Wagagai Mining [U] Limited in a bid to improve the quality of the university’s students doing engineering-related courses. The collaboration between the academic…
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News
SAMA Gold Miners Cooperatives eye Shs 19billion in gold supplies to the UK by 2020
KAMPALA, Uganda: Three years ago when the locals started smallscale gold mining in Busia, life was a hustle. The price of buying their hard- earned gold was determined by the middlemen from…
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