Uganda establishes a state-owned mining company to increase government ownership in the sector under a new law.

Uganda has launched a state-owned mining company to enhance its stake in the mining sector, following a new law allowing the government to hold a 15% free carry interest in all operations. This initiative aims to boost domestic mineral processing and increase value from natural resources. The government encourages partnerships with private developers and aims to expand the country's mineral wealth, with gold exports significantly rising in 2023.

October 02, 2024
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