Experts have warned that without effective regulation, Uganda may lose a significant amount of money to overseas entities in the mining sector.
Currently, they said only a few individuals are benefiting from the country's valuable resources and profits generated through mining.
Key issues discussed include the need for local financing for mining projects, education and sensitization of citizens about opportunities in the sector, extractives revenue management, the legal and policy framework governing natural resources, the global climate crisis, the energy transition, and the civic space for extractive sector players.
To address these challenges, Ngabiirwe called for a unified approach involving the Minister of Energy, the Revenue Authority, and other stakeholders to ensure transparent monitoring of production, exports, and imports. She acknowledged the historical impact of colonial frameworks on current practices and called for integrated policies governing mineral and energy wealth, referencing the Africa Mining Vision adopted by the African Union.
He expressed gratitude to the government for acknowledging UGAASM's involvement in shaping the law that will guide artisanal and small-scale miners in the country.
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