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Tag Archives: gold

Wagagai Gold Project launched, Govt moots Mineral Wealth Fund

Busia, Uganda | THE INDEPENDENT | President Yoweri Museveni has launched the Wagagai Gold Mining Project in Busia, alongside Chinese investors, and proposed the creation of a mineral wealth fund to channel Uganda’s gold and oil revenues into lasting infrastructure. The fund, he said, will finance railways, roads, power plants, …

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Gold laundering capital?

Uganda bets on ICGLR’s mineral certification mechanism as it battles for legitimacy in the global gold market COVER STORY | RONALD MUSOKE | For years, Uganda has carried the uncomfortable label of being “the gold laundering capital of Africa.” Watchdog reports, including investigations by the UN Panel on the Illegal Exploitation of …

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Africa attracts billion dollars in gold mining investments

Investors are targeting continent’s vast untapped gold reserves NEWS ANALYSIS | RONALD MUSOKE | Africa, the world’s second-largest gold-producing region after China, is witnessing a surge in gold mining investment in 2025, fueled by strong global demand, favourable prices, and vast untapped reserves attracting increased international interest. So far, billions of …

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Police probe suspected murder in illegal gold mining site

Terego, Uganda | THE INDEPENDENT | Police in Terego District are investigating a suspected murder involving two South Sudanese refugee women who were buried at an illegal gold mining site in Imvepi Refugee Settlement. The incident occurred on Saturday, July 19, 2025, at around 2:53 PM along the Ure River …

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Chemutai set for Doha Diamond League

KAMPALA, UGANDA | Xinhua | Uganda’s Peruth Chemutai is set to compete in the 2025 Doha Wanda Diamond League slated for May 16 in Qatar. Chemutai, the 2020 Olympic gold medalist will compete in the women’s 3,000m steeplechase. “I am in good shape and ready to go and compete for …

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Bank of Uganda warned against risks of “comingled” gold

KAMPALA, UGANDA | THE INDEPENDENT | One of Uganda’s leading mineral experts, Don Bwesigye Binyina has advised the Central Bank to move with caution as it intensifies the purchase of gold from local refineries. In June 2024. Bank of Uganda begun buying gold from local minersin a bid to boost …

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‘Fool’s Gold’ taints Uganda’s mineral sector

Kampala, Uganda | THE INDEPENDENT | Escalating cases of god scams are undermining revenue collection as well as investments in the mining sector says one of the energy and mining policy experts in country. Bwesigye Don Binyina, the Executive Director of the African Centre for Energy and Mineral Policy (ACEMP) …

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Amudat: A perfect case of illegal mining and smuggling

AMUDAT, UGANDA | THE INDEPENDENT | Attracted by the prospects of artisanal gold mining and trade, Janet Nanyama picked up her two children and walked about 100 km across the Kenya-Uganda border. More than a decade later, she has yet to return to her home country. Nanyama hails from Kitale …

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