Mining

Chinese Companies Told to Respect Ugandan Laws and Culture. (Busia) - The Uganda Investment Authority has announced the groundbreaking of Busia’s gold mining project, set to create 3,000 direct jobs and represents the country’s largest confirmed gold deposit, with 12.5 tonnes of mineable gold and an initial investment of USD 50 million.
Busia

Chinese Companies Told to Respect Ugandan Laws and Culture

(Busia) - The Chinese Ambassador to Uganda, Zhang Lizhong, has encouraged Chinese companies and investors operating in Uganda to respect…

Ugandan Gold Exports - Coffee and Gold Drive Uganda's August Exports to 2.5 Trillion Shillings

UAE Mining Giant to Expand Uganda’s Gold Market

Blaze Metals, a prominent mining and metals company headquartered in Dubai, United Arab Emirates, has committed to expanding the market…

Japan Discovers Massive Rare Mineral Deposit for EV Battery Market Worth Trillions

Japan Discovers Massive Rare Mineral Deposit for EV Battery Market Worth Trillions

Japan has made a significant discovery that could have substantial economic benefits. Researchers have found a large deposit of rare…

The significant increase in oil-related revenues highlights the growing oil and gas activities in Uganda as the country moves closer to commercial oil production. The detailed breakdown of revenues and the current status of the Petroleum Fund provide a clear picture of the financial progress being made in the sector.

Oil Revenues Skyrocket Ahead of Production in Uganda

Oil-related revenues in Uganda have surged by 54%, reflecting a significant increase in oil and gas investments. This rise comes…

How Certification is Reshaping the Gold Industry in Africa

KAMPALA – As global markets witness a resurgence in the demand for gold, the focus is increasingly turning towards certification…

Museveni Promises Oil Revenue to Cut External Debt

Museveni: Oil Revenue to Reduce Uganda’s Debt

President Yoweri Museveni announced that Uganda will earn $2 billion annually once oil production starts in 2025. He stated that…