The mining industry of Uganda, documented as early as the 1920s, witnessed a boom in the 1950s with a record 30 percent of the country& 39;s exports. It received a further boost when mining revenues increased by 48 percent between 1995 and 1997. However, the World Bank reported that the sector& 39;s contribution to gross domestic product dropped from 6 percent during the 1970s to below 0.5 percent in 2010. Uganda& 39;s extractive industry activities have been identified by the Natural ...
GDP From Mining in Uganda increased to 992.58 UGX Billion in the third quarter of 2020 from 396.54 UGX Billion in the second quarter of 2020. source: Uganda Bureau of Statistics 3Y 10Y 25Y
The Economic Contributions of Artisanal and Small-Scale Mining in Uganda: Gold and Clay iii jobs, almost half of which are held by women. This includes approximately 40,000 jobs in gold mining and 93,000 jobs in clay and clay brick production. ASM is economically significant to an estimated 5 million Ugandans.
The decline was not a result of resource depletion. With a favourable business climate in Uganda for over 2 decades, many mining companies have taken up licenses in the mining sector. Over the last ten years the sector has been growing positively with growth rates peaking 19.4% in FY 2006/07. In FY 2009/2010, the sector grew by 12.8%.
In 2011, Uganda found itself at 161 of 187 in the Human Development Index. Uganda’s northwest Karamoja region hosts over 50 different economic minerals, but the mining sector’s contribution to gross domestic product GDP sunk from six percent in the 1970s to less than 0.5% in 2010. Artisanal and small-scale mining ASM produces more than 90% of ...
Introduction: Realizing Uganda’s mining potential Since the discovery of oil in 2006, Ugandans have focused on the promise that its oil sector offers for the country’s development. Little attention has been given to the mining sector. However, this is beginning to change.
The mining industry in Uganda reached peak levels in the 1950’s and 1960’s when the sector accounted for up to 30% of Uganda’s export earnings. However, political and economic instability experienced in the country in the 1970’s and the recent global economic slowdown led the sector to decline drastically.