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Commodities

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
A cup of espresso being made in a café

Arabica surge cushions fall in robusta coffee exports in January

Uganda’s January coffee exports rose slightly as arabica gains offset a decline in robusta, while global prices eased on improved supply outlook
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

More Commodities

11 December 2023

Trade deficit gets gold boost

A 96.6% annual increase in goods exports, boosted by gold exports, led to a narrowing of the external trade deficit

Entebbe International Airport, Uganda's sole international airport
17 November 2023

Coffee exports cool in October

Uganda's coffee exports grew at the slowest pace in five months in October

A woman harvests coffee berries in Yangambi, DR Congo
15 November 2023

Parliament passes law giving government exclusive right to import fuel

MPs said the law will break Uganda's dependence on Kenyan dealers who charge extra fees, leading to higher fuel prices

The main gate of the Parliament of Uganda in Kampala, Uganda
9 November 2023

Uganda refused use of Kenya’s pipeline in Vitol deal

Unoc failed to meet licensing requirements for certain annual petroleum sales in Kenya, operation of five service stations and a depot in Kenya

A petroleum storage facility run by the Kenya Pipeline Company
9 November 2023

Merchandise exports surge in September as gold shipments rise

Trade deficit narrows to $296.4bn from $349.7bn the previous month

A cargo ship docked at the port of Mombasa on Kenya's Indian Ocean Coast, as workers prepare to load it
6 November 2023

Vitol deal long overdue response to high Kenyan fuel prices – Museveni

President says Uganda's decision to give Vitol exclusive rights to supply fuel was to eliminate exorbitant fees charged by Kenyan middlemen

A fuel station in Kibuye, Kampala
2 November 2023

Why Uganda is entering exclusive fuel supply deal with Vitol

Uganda's decision to give the Dutch Vitol Group exclusive rights to supply its fuel was prompted by frustration at being kept in the dark about a similar deal between Kenya and two Gulf states

A Shell petrol station in Kampala, managed by Vivo Energy
11 October 2023

Coffee exports climb 15% in September

A strong robusta crop harvest in the south western-region boosted Uganda's coffee exports by 15% in September

Jute bags containing coffee beans in a café storage area
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