Gold flows through Uganda are set to increase
Subject Uganda's gold trade. Significance In late February, Ugandan President Yoweri Museveni officially opened a gold refinery at Entebbe, although it has operated since 2014. The 20-million-dollar facility -- set up by the joint Belgian-Ugandan African Gold Refinery (AGR) -- is the second dedicated gold refinery opened in sub-Saharan Africa (the other is in Johannesburg). Once fully operational, the Entebbe site will process up to 150 kilogrammes of gold per day from across Central and Eastern Africa. Impacts With Uganda’s nascent oil industry not yet on line, increased gold exports are welcomed and require little infrastructure for high volumes. Scrutiny from the international community, especially human rights groups, will increase as gold exports rise. A repeal or weakening of the Dodd-Frank Act would reverse progress in managing Great Lakes conflict minerals.