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Commodities

A yellow bulldozer beside a large mining machine and conveyor at an open excavation site.
Makuutu Rare Earths project

Uganda should use Makuutu to negotiate up the value chain

Christopher Burke argues that Uganda should use Makuutu’s strategic review to seek commitments on processing, skills and local procurement
Four men working in an open-pit mine in the Democratic Republic of Congo
Trade deficit

Uganda’s trade deficit hits a record as mineral imports more than double

Uganda’s goods trade deficit reached a record $817mn in August as imports of mineral products excluding petroleum more than doubled, Bank of Uganda figures show
Ugandan President Yoweri Museveni, Irene Muloni, minister for energy and minerals development (right), AGR Business Development Manager Alphonse Katerebe (centre) and two unidentified people stand near gold flakes and ingots at the African Gold Refinery in Entebbe on 20 February 2017. Alain Goetz, the Belgian owner of the refinery, stands next to Mr Museveni, and is partially obscured from view. The refinery was officially launched on 20 February 2017, and is Uganda's first official gold refinery. Uganda's locally mined gold is negligible, but the country is a transit point for gold exports from the neighbouring Democratic Republic of Congo, which has large reserves, and Tanzania, one of Africa's largest gold producers.
Thaba Investments

Nearly half of Uganda’s gold exports come from firm Bloomberg links to sanctioned network

Bloomberg says Thaba, behind nearly half of Uganda's gold exports, shares suppliers with a sanctioned refinery, a claim Thaba and Alain Goetz deny
Jute bags containing coffee beans in a café storage area
Coffee exports

Firmer prices cushion fall in Uganda’s August coffee exports

Uganda's coffee exports fell 13.6 per cent in August as the ICO pointed to a record 2024/25 base and the agriculture minister to drought in growing areas
Bright red coffee cherries growing in dense clusters along the brown branches of a coffee tree, framed by glossy green leaves.
Coffee exports

Robusta shortfall drags down Uganda’s July coffee exports

Uganda's coffee exports declined in July as global prices rose, though annual shipment volumes reached a new high
A detailed shot of the coffee brewing process, showing golden-brown bubbles forming on saturated grounds in a manual pour-over dripper.
Coffee exports

Softer global prices weigh on March coffee export revenues

Uganda posted higher coffee export volumes in March, but revenues declined as global prices eased on improved supply expectations
Rows of filled burlap coffee bags prepared for export shipment, showing company branding, stacked in a warehouse.

February coffee exports rise sharply as volumes climb despite softer prices

February coffee shipments increased significantly, with arabica gains offsetting softer prices amid a more favourable global supply outlook
A stack of Ugandan shilling banknotes—50,000, 20,000, 10,000, and 5,000—arranged in a currency counting machine.
Foreign exchange

Uganda shilling weakens sharply as oil prices and global risk sentiment shift

Rising oil prices and shifting investor sentiment drive Uganda shilling to weakest level since mid-2024
A man in a checked shirt harvests yellow coffee cherries from a coffee plant in Uganda.
Supply chains

UN-backed Shs3.7bn initiative targets Uganda’s coffee seed system overhaul

A €850,000 UNIDO-led initiative targets Uganda’s coffee seed systems to boost yields, farmer incomes and export stability

More Commodities

22 September 2023

Natural resources

How we can make the most of Africa’s strategic green minerals

How can Africa make sustainable and strategic use of its green mineral reserves while increasing its economic autonomy?

Electric car charging
18 September 2023

Coffee exports hit record high in August

Coffee exports surged to a record high as exporters unloaded stockpiles to take advantage of high global prices, boosted by a bountiful harvest in the south-western region

Overhead image of shipping containers in a port
7 September 2023

Trade deficit narrows on higher gold exports

Increase in gold exports in July allowed outbound merchandise to outpace a gain in goods imports

Containers at Mombasa Port in Kenya
23 August 2023

Coffee exports rise, spurred by higher robusta prices

Strong Robusta prices drive Uganda's July coffee exports to their highest levels since August 2021

Coffee berries on plant
20 June 2019

UN report links Uganda to smuggled DRC gold, says exports are underdeclared

Uganda, Rwanda, and Burundi are the main transit routes of gold smuggled from the eastern Democratic Republic of Congo to Dubai, according to a new United Nations report

Houses can be seen in the distance on the other side of Lake Kivu in Bukavu, Democratic Republic of Congo. It is a verdant, lovely scene that belies the country's turbulent recent history, particularly in this region — the eastern part close to Rwanda and Uganda.
19 June 2019

Venezuelan gold behind Uganda’s best ever monthly exports

In March, Uganda's merchandise exports surged to $604.4mn from $296.3mn in the previous month, driven by a jump in gold exports to their highest level ever

Ugandan President Yoweri Museveni, Irene Muloni, minister for energy and minerals development (right), AGR Business Development Manager Alphonse Katerebe (centre) and two unidentified people stand near gold flakes and ingots at the African Gold Refinery in Entebbe on 20 February 2017. Alain Goetz, the Belgian owner of the refinery, stands next to Mr Museveni, and is partially obscured from view. The refinery was officially launched on 20 February 2017, and is Uganda's first official gold refinery. Uganda's locally mined gold is negligible, but the country is a transit point for gold exports from the neighbouring Democratic Republic of Congo, which has large reserves, and Tanzania, one of Africa's largest gold producers.
26 September 2017

Fuel imports

Uganda fuel imports hit 85 million litres

The majority of the petroleum products, 92%, were imported through Mombasa port in Kenya, while only 8% arrived via Dar es Salaam on the Tanzanian coast