In 2025, Gold has emerged as Uganda’s leading export, accounting for 76.6% of total export earnings. In the year ending October 2025, the Bank of Uganda recorded a year-on-year increase of USD 5.21 billion in export receipts, largely driven by gold.

Uganda now operates nine gold refineries, producing gold at 99.9% purity, which meets international market standards. In 2025, the Government launched the Wagagai large-scale gold mining project, a milestone expected to significantly expand production capacity, create jobs, and enhance fiscal revenues.

To attract both domestic and international investors, the Government is quantifying national mineral resources to provide reliable data for investment decisions. In parallel, efforts are underway to formalize and regulate artisanal and small-scale miners (ASM), aimed at boosting productivity, improving safety standards, and curbing informal trade.

This sectoral leap reflects Uganda’s strategic policy of promoting value addition and industrialization in the mining sector. By strengthening governance, expanding refining capacity, and integrating artisanal miners into formal value chains, the Government is positioning the mining industry as a cornerstone of economic transformation under NDP IV and Vision 2040.

For more insights, please visit:

https://ugandainvest.go.ug/ugandas-annual-gold-export-earnings-increase-to-5-billion/