Tag Archives: Ugly

Gold Rich, People Poor! The Ugly Truth Behind Uganda’s Gold Boom as Foreign Firms Cash In

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Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines. Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold earnings had surged to an estimated $5.2 billion (Shs 18.8 trillion), …

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