Gold

The Bank of Uganda has launched a three year pilot programme to purchase gold directly from local miners, marking a significant policy shift that brings the central bank into the domestic gold market for the first time and signals a deliberate effort to strengthen Uganda’s foreign exchange reserves whilst formalising …

The Ugandan government is making a determined push to capture more value from its gold sector, with the Bank of Uganda signing a contract with Euro Gold Refinery to supply refined gold under a domestic purchase programme designed to strengthen foreign exchange reserves, curb smuggling and lift the earnings of …

The Democratic Republic of Congo has launched its first state-backed gold refinery in an effort to bring order to a sector long plagued by smuggling, conflict financing and informal trade in the country’s mineral-rich east. The facility is the product of a joint venture between state-owned DRC Gold Trading SA …

NAIROBI – Kenya is positioning its long-dormant mining sector as the next frontier of national economic growth, moving to capitalize on massive mineral discoveries that experts believe could rival the country’s storied tourism industry. With the recent unearthing of gold and rare earth element (REE) deposits valued in the tens …

Tanzania is aggressively repositioning the State Mining Corporation (STAMICO) as a formidable commercial entity, signalling a strategic shift toward direct state participation in large-scale mining operations. This move, unveiled during a parliamentary session on January 16, 2026, aims to elevate the corporation from a regulatory and supportive body to an …

As governments are increasingly seeking to capture more value from their natural resources, particularly gold, Ethiopia has secured $340 million in development financing for its long-delayed Tulu Kapi gold project. The development comes as the government is actively reforming the sector, reducing taxes and simplifying licensing, to capture more foreign …

Scandinavian gold producer Akobo Minerals is celebrating a significant milestone, reporting first-ever positive earnings before interest, taxes, depreciation and amortisation (EBITDA) of SKr6.9-million for the third quarter ended September 30. This achievement marks a turning point for the company, which also saw revenues climb to SKr22.9-million during the period. Backed …

AngloGold Ashanti, one of the world’s leading gold producers, delivered a robust financial and operational performance in the three months ended September 30, recording a 141% year-on-year surge in free cash flow (FCF) to a record $920-million. This massive increase was attributed to continued cost discipline, which allowed the company …

The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to stockpile the precious metal as prices soar. Gold prices, which hit record highs above $4 000 an ounce on …

Perseus Mining’s subsidiary Nyanzaga Gold Project in Tanzanian (NGP) has sealed an investment deal with the Tanzanian authorities. The agreements are the result of extensive negotiations conducted between Perseus and Tanzania’s government negotiating team, and govern the development and operation of the NGP that Perseus is currently developing. “Prior to …