Vanishing mineral exports dent economic recovery Kampala, Uganda | THE INDEPENDENT | Uganda’s non-formal export sector has maintained a downward trajectory year-on-year, according to the latest July 2022 figures from Bank of Uganda (BoU). The effect has been a dent on the otherwise emerging signs of recovery in exports buoyed …
Read More »Uganda in sanctions crisis
Targeting of top officials by U.S. puts country in diplomatic minefield Kampala, Uganda | IAN KATUSIIME | For the fourth year in a row, the Uganda government has been on the receiving end of sanctions from the United States which accuses it of overseeing deteriorating human rights in the country. …
Read More »Army, mineral police deploy at Africa Gold Refinery
Entebbe, Uganda | THE INDEPENDENT | There has been an increased deployment of soldiers and Police officers at the Africa Gold Refinery (AGR) in Entebbe. The deployment that started on Wednesday evening as a result of a long standoff between the operators of the refinery on the acquisition of …
Read More »Museveni’s gold dealer in trouble
Belgian in alleged US$1bn scam Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni commissioned it on Feb.20 amidst pomp and celebration, but just nine months later African Gold Refinery (AGR) has run into big trouble. Its Belgian owner, Alain Goetz, has been uncovered as a dealer in so-called “conflict or blood …
Read More »BUSINESS: Refinery offers golden opportunity
New $20mn firm welcomed but analysts say government must strengthen legal and monitoring framework of minerals sector President Yoweri Museveni’s launch of a $20 million African Gold Refinery Ltd (AGR) – the first in East and Central Africa – in Entebbe on Feb.20 was a bold step welcomed by …
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