Uganda Launches First Large-Scale Gold Refinery to Boost Export Revenues

Uganda has taken a bold step in its mineral strategy with the launch of its first large-scale gold refinery in Busia. The facility, capable of processing over 10 tons of gold annually, marks a shift from raw exports to refined, value-added products.

This development is part of Uganda’s broader industrialization plan, which aims to attract foreign investment, improve transparency in mineral trading, and meet international compliance standards. The refinery will also help Uganda tap into premium markets in Europe and Asia, where refined gold commands significantly higher prices.

Officials say the move could increase export revenues by up to 40% and create thousands of jobs in mining communities. With global demand for gold rising amid economic uncertainty, Uganda is positioning itself as a key player in East Africa’s mineral economy.