Charity Mugisha
Charity Mugisha tracks capital flows into Uganda's mineral sector, from exploration juniors to medium-scale producers, and the incentives government uses to attract them.
Based in Kampala, Uganda
- Foreign direct investment
- Project finance
- Investment policy
Reporting by Charity Mugisha
- Investment · August 13, 2026
Uganda pitches minerals as a growth engine
Government messaging this month places minerals alongside oil as a driver of industrialisation. The ambition is coherent. The delivery record on value addition, licensing capacity and revenue collection is what will decide it.
- Policy · August 11, 2026
Central bank gold buying moves beyond the pilot
Test buys from licensed and pre-qualified miners began in April 2026, with payment in shillings at international benchmarks. The programme is as much a formalisation tool as a reserves policy.
- Investment · August 9, 2026
Gold passes five billion dollars in export earnings
Gold accounts for more than three-quarters of export earnings, but a large share of the value still comes from refining and re-exporting metal sourced outside Uganda.
- Investment · August 5, 2026
Jefferies: gold can recover as real-rate pressure eases
With bullion pinned near 4,000 dollars an ounce and 10-year real yields at about 2.41 per cent, Jefferies argues the metal can rally again once rate-hike pressure fades. For Uganda's licensed producers, the call matters more than the headline price.
- Economy · February 5, 2025
Uganda's official gold exports rebound in 2024
So, Bank of Uganda data show official gold export receipts climbing sharply in 2024, an early sign that the Mining and Minerals Act 2022 is pulling artisanal production out of unregulated channels.