PREMIUM
Business
Gold prices soar as govt loses billions in revenue
As gold prices hit historic highs, districts like Busia, Mubende, and Buhweju and Karamoja region are becoming hotspots of activity, transforming ordinary Ugandans into key players in a global trade that has soared by over 40% over the last one year, surpassing the record set in January 1980.
Women picking gold stones in the mine in Tiira, Busia district. Artisanal miners account for over 90% of the country’s gold output.
By: John Masaba, Journalists @New Vision
In the dusty goldfields of Busia, eastern Uganda, 32-year-old James Mangeni crouches beside a shallow pit, letting red soil trickle through his fingers with practised ease.
By midday, his