Uganda’s 2019 export earnings reach a historic USD4.1 billion Over the last 10 years, export revenue has been growing at 7%, nearly twice faster than the import bill that has been growing at 4% annually. Gold, has now overtaken coffee as Uganda’s biggest source of export revenue.

President Museveni (in hat) joined by Africa Gold Refinery Limited (AGR) officials and then Minister of Energy and Minerals Irene Muloni (left) launch the refining facility in February 2017. Today gold is Uganda’s largest forex earner, accounting for 31% of all export earnings.