In a significant boost to Uganda’s gold sector and its long-term development agenda, Eurogold has signed a Memorandum of Understanding (MoU) with the Mubende United Artisanal Miners (MUAM) to promote value addition, transparency, and sustainability in gold production.
The agreement, formalized at Eurogold’s head office in Kampala, marks a strategic collaboration aimed at refining locally mined gold to 99.9% purity (24-carat), aligning with international trading standards. The initiative is designed to empower artisanal miners by ensuring fair compensation and fostering responsible mining practices.
Gold remains one of Uganda’s top export commodities, contributing substantially to foreign exchange earnings, job creation, and national investment. Through this partnership, Eurogold and MUAM seek to enhance Uganda’s competitiveness in the global gold market while promoting sustainable community development and economic resilience.
“Today’s partnership symbolizes a new era for Uganda’s gold industry — one where collaboration, sustainability, and value addition drive the nation closer to its Vision 2040,” said Eurogold Director Benard Feni during the signing ceremony.
Representatives from both entities emphasized that the MoU will not only strengthen cooperation between industrial and artisanal players but also promote ethical sourcing and environmental responsibility across Uganda’s mining regions.
By refining Ugandan gold to meet global purity standards and encouraging responsible mining, the Eurogold–MUAM partnership is set to play a pivotal role in advancing industrialization, increasing foreign exchange stability, and supporting Uganda’s broader socio-economic transformation.