Uganda Gold Exports Reach Record $5.8bn

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Uganda’s gold exports reached a record US$5.8 billion, about Shs21.1 trillion, in the year to November 2025, making gold the country’s leading export, Bank of Uganda data show. Strong prices, tighter regulation, and new local and foreign refiners drove growth. Firms led by Eurogold Refinery expanded domestic refining, improved traceability, and linked miners to global bullion markets. The shift reduced informal trade and increased value addition.