Uganda Launches First ever state-owned Euro Gold Refinery
Ugandan President Yoweri Museveni has launched Euro Gold Refinery (U) SMC Ltd, it's the first fully Ugandan-owned gold refinery, marking a significant step toward economic independence.
The facility, inaugurated in Kampala, aims to process the nation’s vast gold reserves, create jobs, and boost GDP under Vision 2040. By promoting value addition and reducing raw mineral exports, the refinery positions Uganda as a potential leader in Africa’s gold market.