Uganda has discovered 31 million metric tons of gold waiting to be mined in the country after several surveys were conducted.
President Yoweri Museveni has called for the local refinement of the the commodity, calling any external refinery criminal.
“It is criminal for anybody to argue for the continued exports of raw materials in Africa, when there is 90% more value in that product that you are giving to the outsiders” he said.
In a bid to boost the country’s economy, the Ugandan Government has licensed Wagagai Gold Mining Company, a Chinese firm to start producing gold products in the Busia district
