Uganda: a risky place to invest?

Uganda is a risky place to invest due to lack of clarity on the future of existing exploitation permits and due to changes in taxation under the new Mining Act, according to a consulting firm advising Australian mining and energy groups....

Published in the Mining section ?  UGANDA  _ _ FINANCING AND ADVISORY  _ _ 12/05/2021  _ _ FREE  _ _ Australians warned about Museveni's new production sharing contracts Uganda is a risky place to invest due to lack of clarity on the future of existing exploitation permits and due to changes in taxation under the new Mining Act, according to a consulting firm advising Australian mining and energy groups.  [...] READ MORE ? On the same subject  UGANDA  _ _ STATE STRATEGY  _ _ 29/04/2021  _ _ Museveni gets tough on illegal miners after chasing their votes While he may have accepted their vote during the January election in which he won another term, President Yoweri Museveni is now taking tough action to achieve another goal: increase state revenue.  [...]  UGANDA  _ _ STATE STRATEGY  _ _ 07/04/2021  _ _ Museveni takes half-hearted approach to mining traceability Even as it prepares to implement the Great Lakes mineral certification scheme, the Ugandan government is still cashing in on the illicit trade of minerals in the country.  [...]  UGANDA  _ _ SUPPLY CHAIN  _ _ 12/03/2021  _ _ Accused of links to conflict minerals, African Gold Refinery fires broadside at EU Uganda's African Gold Refinery has slammed the European Union's new mining traceability rules, which it says are designed to prevent Africa from processing ore locally. This attack appears to be a way of responding to accusations of being involved in the smuggling of gold from the Great Lakes region.  [...]  TANZANIA  _ _ FINANCING AND ADVISORY  _ _ 29/01/2021  _ _ Arbitrators lining up for Magufuli mining disputes at ICSID Arbitrators are in the process of being appointed to handle actions filed at ICSID against Tanzania by Montero Mining, Indiana Resources, and Winshear Gold over the withdrawal of their mining permits in 2019.  [...]  UGANDA  _ _ STATE STRATEGY  _ _ 04/09/2020  _ _ Museveni sets up yet another elite unit to fight gold smuggling President Museveni recently set up a new unit to try to stamp out gold smuggling. His aim is to get Uganda out of the economic doldrums by convincing new operators to come into the country's gold mines.  [...] Get unlimited access to Africa Intelligence's exclusive news SUBSCRIBE ?

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