The Ugandan government is targeting the mining sector as a driver of economic growth and development. During a consultative meeting led by the Head of the State House Investors Protection Unit (SHIPU), Col. Edith Nakalema, stakeholders gathered to discuss strategies to protect and promote the sector.
Col. Nakalema emphasized the importance of responsible mineral sourcing and investor protection, stating, "Together, we have the opportunity to address challenges, seize opportunities, and set the stage for a prosperous mining sector."
The meeting highlighted concerns about fraud and other challenges facing the mining industry. To address these issues, Col. Nakalema said that SHIPU is working to coordinate with relevant agencies to create a more secure investment environment.
The government has plans for the mining sector, with a target of achieving a ten-fold increase in economic growth over the next 15 years. To achieve this goal, the government is focusing on four key areas: agriculture, tourism, minerals and gas, and the science and knowledge economy.
"Minerals, excluding oil and gas, are crucial for our economic growth. We need to add value to our mineral resources and prioritize their development," said Moses Kaggwa, Director of Economic Affairs at the Ministry of Finance, Planning, and Economic Development.
Kaggwa said the government is taking steps to strengthen the mining sector, including the establishment of the Uganda Mining Company to invest in the sector and the enactment of legislation to regulate mining activities.
Stakeholders at the meeting emphasized the need for transparency, accountability, and the protection of local communities and the environment.
