Uganda's Gold: A New Era of Value Addition or Chinese Control?
Uganda's Gold: A New Era of Value Addition or Chinese Control?
Uganda is charting a bold new course, aiming to transform its economic landscape by halting the export of unprocessed raw materials. At the heart of this ambitious strategy lies President Yoweri Museveni's unwavering conviction that for too long, Africa has been "robbed" of its wealth, exporting valuable resources only to see developed economies reap the lion's share of profits further up the value chain. This philosophy, crystallized into a ban on unprocessed agricultural products in 2021 and extended to all raw materials—including gold, lithium, and tin—in April, marks a pivotal shift towards domestic value addition. The clearest manifestation of this new direction is the inauguration of Uganda's largest gold project, Wagagai Gold Mining, an initiative poised to redefine the nation's engagement with its mineral wealth. The Vision for Value Addition President Museveni, a figure who has steered Uganda for 39 years, has consistently articulated a vision where th…