Uganda Central Bank completes first gold purchase under new programme

On 2026-04-23, the Bank of Uganda completed its first gold purchase under a new programme, signing contracts with EuroGold Refinery Limited and Feldstein Trading Limited to buy an initial 100 kilograms worth about 592 billion Uganda shillings (around US$160 million). The gold is to be added to Uganda’s official foreign exchange reserves under a pilot targeting 7 to 10 tonnes annually.