Growth of the Mining Industry in Uganda
- The Trade Adviser
- Oct 24, 2024
- 1 min read
Updated: Jun 10
The mining industry in Uganda is on the rise, showcasing a wealth of natural resources and promising potential for economic growth. With a focus on key minerals like gold, copper, and iron ore, the sector plays a crucial role in shaping the nation's future. Recent developments, including new government policies and increased foreign investment, highlight Uganda's commitment to harnessing its mineral wealth. However, challenges such as infrastructure issues and environmental concerns persist, necessitating a balanced approach to sustainable mining practices.
Key Takeaways
Uganda has rich mineral resources, including gold, copper, and iron ore, that are underutilized.
The mining sector's contribution to GDP has grown significantly, from 0.3% in 2009 to 2.2% in 2023.
New government regulations aim to improve the mining industry and attract foreign investments.
Artisanal and small-scale mining (ASM) plays a vital role, producing over 90% of the country's minerals.
Despite challenges, the mining industry is expected to become a key driver of Uganda's economic growth.
