Fifth UGEITI report shows unreconciled Shs11.7 trillion gap in Uganda's mineral export figures

According to a URN report carried by The Independent, the fifth Uganda Extractive Industries Transparency Initiative report, covering 2023/24, gives total mineral exports of about Shs11.8 trillion in one section and Shs119.2 billion in another, without reconciling the two. The report also shows URA and Bank of Uganda gold export records differing by about 2,357 kg, and finds that required Petroleum Fund investments had not been made. A URA extractives manager told an extractive-sector meeting that the agency cannot reliably trace where artisanal miners and refiners obtain their gold.