A detailed report published in Daily Monitor (Business Daily section) highlights Euro Gold Refinery’s central role in Uganda’s ambitious gold procurement strategy led by the Bank of Uganda.
The agreement, valued at approximately Shs592 billion, is part of a broader initiative to enhance Uganda’s gold export earnings and increase local value addition. Gold exports have already shown strong growth, contributing significantly to the country’s revenue.
By partnering with Euro Gold Refinery, the central bank is reinforcing efforts to promote domestic refining capacity while ensuring that more value is retained within Uganda’s borders.
The report further emphasizes that Uganda’s gold exports have surged in recent years, driven by strong performance in mineral sectors. This new development is expected to further strengthen the country’s position in regional and global gold markets.
Euro Gold Refinery’s involvement reflects its growing reputation as a trusted and capable refinery, playing a vital role in shaping Uganda’s gold industry.