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Gold

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
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
People crossing the border from the Democratic Republic of the Congo into Bunagana, in the south-west of Uganda.

Goods trade gap falls to near three-year low

Uganda's merchandise trade deficit with the rest of the world fell to its lowest level in 35 months in January, helped by a sharp drop in imports of unrefined gold
Entebbe International Airport, Uganda's sole international airport

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

Merchandise exports surge in September as gold shipments rise

Trade deficit narrows to $296.4bn from $349.7bn the previous month
Containers at Mombasa Port in Kenya

Trade deficit narrows on higher gold exports

Increase in gold exports in July allowed outbound merchandise to outpace a gain in goods imports
Coffee berries on plant

Coffee exports rise, spurred by higher robusta prices

Strong Robusta prices drive Uganda's July coffee exports to their highest levels since August 2021
A group of people looking at gold bars

US sanctions Ugandan refinery over illicit gold trade

The United States has sanctioned a network of companies controlled by Alain Goetz, a Belgian businessman who owns a gold refinery in Uganda, for participating in the illicit trade of gold from the Democratic Republic of Congo
Export containers at a port.

Trade deficit narrows in December

The Uganda merchandise trade deficit narrowed for the second consecutive month in December as gold imports and exports recorded steep declines

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