Trade

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.

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

Critical minerals

Rich in minerals, poor in processing: Africa’s green-energy dilemma

A World Bank study finds African countries mine transition minerals but rarely process them, limiting industrial and economic gains

Uganda-US relations

Uganda joins Trump administration’s Trade over Aid talks in New York

What Washington's Trade over Aid initiative asks of Uganda, and why Kampala's delegation is at Friday's high-level talks in New York

A textile worker in a headscarf and face mask operates a spinning frame, with rows of yarn bobbins overhead, at a factory.

Fine Spinners targets Japan and Europe with Shs20bn investment

Fine Spinners plans a 30 to 40 per cent capacity rise after a fresh $5mn machinery investment at its Kampala mill

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

The offices of the Ministry of Finance and Economic Development in Kampala

Uganda’s oil moment approaches — but the risks are multiplying

Uganda's first oil is due in H2 2026, but timing risks, fiscal pressures, and a Middle East conflict cloud the outlook

A cargo ship docked at the port of Mombasa on Kenya's Indian Ocean Coast, as workers prepare to load it

Merchandise trade deficit slows down on stronger exports

Goods trade exports rose at their fastest rate in 14 months in April, offsetting a surge in goods imports and slowing down the growth of Uganda's merchandise trade deficit

Tin of instant coffee from Uganda's Star Café Limited

Coffee export revenues surge to new high

Coffee exports rose in July at the fastest pace since August 2023 as revenue surged to yet another record high on strong global prices for robusta beans

Coffee export earnings hit all-time high

Uganda's coffee export earnings rose to an all-time high in June, boosted by rising prices for robusta beans

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