Business 7 April 2026 Daily Monitor (Uganda)
Bank of Uganda Inks Gold Supply Deals with Two Firms
The Bank of Uganda has signed agreements with two companies to supply gold, amid booming exports that reached $5.8 billion (Shs21.1 trillion) last year, marking a 44% increase. Source: https://www.monitor.co.ug/uganda/business/markets/bou-signs-contracts-with-two-companies-to-supply-gold-5416198
The Bank of Uganda (BoU) has entered into contracts with two private companies tasked with supplying gold to bolster national reserves.
This move comes as Uganda’s gold exports surged to $5.8 billion, equivalent to Shs21.1 trillion, reflecting a robust 44% growth from the previous period.
The partnerships aim to capitalize on the country’s expanding gold sector, enhancing foreign exchange earnings and economic stability.
Source: Daily Monitor (Uganda)