In a milestone achievement aligned with Uganda’s Vision 2040, Eurogold has signed a strategic partnership with the Mubende United Artisanal Miners (MUAM) to boost value addition and sustainability in the gold sector.

The Memorandum of Understanding (MoU), signed on November 3, 2025, at Eurogold’s Kampala headquarters, marks a turning point toward a more inclusive and transparent gold industry.

Through this collaboration, Eurogold will source gold from Mubende’s artisanal miners and refine it to 99.9% purity (24-carat) — meeting the highest international trading standards. The move ensures fair compensation for local miners while elevating Uganda’s competitiveness in the global gold market.

Gold remains one of Uganda’s top export earners, driving employment, investment, and foreign exchange. This partnership champions responsible mining and refining, fostering economic resilience and advancing Uganda’s industrial and sustainable development goals.

During the signing, both Eurogold and MUAM reaffirmed their shared vision — to empower local miners, promote ethical sourcing, and create lasting prosperity within mining communities.

According to the Director Feni Benard commonly known as Mr Ben said that the collaboration signals a new dawn for Uganda’s gold industry — one built on partnership, value addition, and shared growth.

He also added saying that Gold is one of Uganda’s top export commodities contributing significantly to foreign exchange earnings and the national economy through direct exports, job creation and investments.

Gold exports also help strengthen the Ugandan shilling by increasing foreign exchange receipts and helping it withstand market shocks.