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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 July 2025

Why bartering Africa’s minerals for security is a bad idea

A US-brokered peace deal between the DRC and Rwanda binds the two nations in a worrying arrangement: one where a country signs away its mineral resources to a superpower in return for vague promises of security

Four men working in an open-pit mine in the Democratic Republic of Congo
21 July 2025

Trump’s Africa summit: offshoring the US’s immigration problem?

Last week, US President Donald Trump hosted a mini-summit with five African leaders at the White House, which was surprising given his stance towards the continent

President Donald Trump speaks with President Brice Clotaire Oligui Nguema of Gabon in the Oval Office, Wednesday, July 9, 2025, before a multilateral luncheon with African leaders
11 July 2025

Critical minerals

Critical minerals and technology dependency: key G20 issues for Africa

Thirty percent of the world’s critical minerals come from Africa, and their access is a priority for South Africa’s government during its G20 presidency this year

Landscape photograph of a brown mountain
8 July 2025

Goods trade gap shrinks for fifth month in a row

Uganda's goods trade deficit shrank for the fifth straight month in May as exports grew faster than imports into the country, according to central bank data

Aerial view of a cargo ship
23 June 2025

May saw a surge in coffee exports, driven by a bumper harvest in Masaka and south-western regions

Ugandan coffee exports rose in May due to a successful main harvest in Masaka and the south-western regions, the Uganda Coffee Development Authority said in a recent statement

A woman harvests coffee berries in Yangambi, DR Congo
10 June 2025

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

A cargo ship docked at the port of Mombasa on Kenya's Indian Ocean Coast, as workers prepare to load it
16 August 2024

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

Tin of instant coffee from Uganda's Star Café Limited
16 July 2024

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

A cup of espresso being made in a café
14 March 2024

Coffee exports fall at steepest pace since December 2022

Coffee exports fell by the most in fourteen months in February, but higher global prices led to higher earnings

Jute bags containing coffee beans in a café storage area
7 February 2024

Trade deficit in goods narrows in December

Uganda's merchandise trade deficit narrowed for the fourth month in a row in December as exports continued to grow at a faster rate than imports

Overhead image of shipping containers in a port