Mining Other
Posted By OrePulse
Published: 22 Jul, 2026 08:49
Uganda's export earnings up 13% y/y in May
Uganda's export earnings rose about 13% in May from the same month last year, helped by higher gold and tobacco receipts, its finance ministry said on Tuesday.
Export earnings rose to $1.34 billion from $1.19 billion in May 2025, the finance ministry said in a report.
The growth was primarily driven by higher earnings from gold. The value of gold shipments surged 67.7% to $814.78 million in May.
"This was due to a combination of higher export volumes and surging global prices for gold during this period," the ministry said.
Uganda is a regional gold-processing hub. Gold, alongside coffee, is one of the East African country's main sources of foreign exchange.
(Reporting by Elias Biryabarema; Editing by Alexander Winning)
Related Articles
Endeavour announces transaction in own shares...
10 Sep, 2024 07:27
Ivanhoe Mines Announces MOU with Government of Zam...
10 Sep, 2024 12:24
Feasibility Study on Lumwana Super Pit Expansion E...
12 Sep, 2024 14:21
Endeavour achieves commercial production at BIOX e...
13 Sep, 2024 08:20
Roscan Gold Announces Changes to the Board of Dire...
16 Sep, 2024 10:40
Minerals Council pays tribute to Pravin Gordhan...
16 Sep, 2024 12:17
Notification of an acquisition of beneficial inter...
18 Sep, 2024 08:39
Newmont on track to get at least $2 billion from a...
18 Sep, 2024 10:49
UAE firm plans to invest $500m in Tanzania...
19 Sep, 2024 08:37
SkyJacks elevates innovation at Electra Mining Afr...
19 Sep, 2024 09:32Trending News
Energy Markets
Oil prices rise 1.42 percent to five-week high of $92.30 as Middle East supply risks deepen...
22 Jul, 2026 09:11
31 min read
Metal Markets
Gold prices rise 1.47 percent to two-week high above $4,131 as Fed, Middle East stay in focus...
22 Jul, 2026 09:02
35 min read
Base Metals
Zimbabwe adds freight rail option to lithium export gateway...
22 Jul, 2026 08:43
36 min read
Mining Other
Mining, manufacturing lift Saudi operating revenue index 11.4% in May...
21 Jul, 2026 12:56
82 min read