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Bank of Uganda Launches $160 Million Gold Purchase Program

4/10/2026

38 9 Full Breakdown

Summary

Story summary

The Bank of Uganda (BoU) signed contracts with Euro Gold Refinery and Feldstein Trading to launch the Domestic Gold Purchase Programme, aiming to buy 100 kg of gold worth about $160 million.
Euro Gold Refinery, Uganda's first fully local refinery, will help artisanal miners meet international standards.
The effort supports infrastructure and is linked to GDP growth projected above 10% in fiscal year 2025/2026.

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Story summary

The Bank of Uganda (BoU) signed contracts with Euro Gold Refinery and Feldstein Trading to launch the Domestic Gold Purchase Programme, aiming to buy 100 kg of gold worth about $160 million.
Euro Gold Refinery, Uganda's first fully local refinery, will help artisanal miners meet international standards.
The effort supports infrastructure and is linked to GDP growth projected above 10% in fiscal year 2025/2026.