Uganda to own shares in every mining company granted a lease
Gold mining in Moroto District in northern Uganda. Investors will no longer own 100 per cent stake in mining leases under the Mining and Minerals Policy, 2018. PHOTO | FILE | NMG
A new policy will see Uganda maximise the gains from its natural resources
To achieve efficiency and ensure equitable and transparent management of mineral revenues, Kampala will automatically own shares in every mining company granted a lease, according to a new policy approved by the Cabinet this month.
