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Uganda’s Gold Exports Surge 75.8% Last Year, Driven by Record Prices: Central Bank

Uganda’s Gold Exports Surge 75.8% Last Year, Driven by Record Prices: Central Bank

Sputnik Africa

Uganda’s Gold Exports Surge 75.8% Last Year, Driven by Record Prices: Central BankUganda’s gold exports jumped to $5.8 billion in 2025 from $3.3 billion in... 20.01.2026, Sputnik Africa

2026-01-20T15:09+0100

2026-01-20T15:09+0100

2026-01-20T15:24+0100

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Uganda’s Gold Exports Surge 75.8% Last Year, Driven by Record Prices: Central BankUganda’s gold exports jumped to $5.8 billion in 2025 from $3.3 billion in 2024, driven by a more than 64% surge in global gold prices amid rising geopolitical tensions, which attracted new dealers to the sector, according to the executive director for research and economic analysis at the Bank of Uganda.“The attractive gold prices have incentivised new entrants into the business, generating a significant volume of exports,” Adam Mugume noted.Uganda has become a regional hub for processing and trading gold from neighbors like eastern Democratic Republic of Congo and South Sudan, as it produces little of its own, according to the media.Last year, Uganda launched its first large-scale gold mine, a $250 million Chinese-owned project in the east of the country.Subscribe to @sputnik_africa Sputnik Africa | X

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