Big Changes Ahead: Our Gold Sales Have Moved from Ghana to Kampala, Uganda!
Because of Ghana's new government policy, we have relocated our sales operation to Kampala, Uganda.
See our current CIF procedures below:
|
Commodity |
Gold |
|
Origin |
Uganda |
|
Form |
Gold Dore Bar |
|
Product-History |
Clean, Clear, No Liens, and
Non-Criminal Origin |
|
Delivery |
CIF |
|
Purity |
95+ Fineness or 22+
Carat |
|
Quantity |
100 kilograms to 3000 kilograms |
|
Price |
Best LME discount (Negotiable with the direct Buyer
only) |
|
Currency |
USD |
|
Payment |
Wire transfer / USDT. |
|
Payment will be based on a minimum purity of 95% or higher, as determined by the final assay at the Buyer's destination refinery. |
|
OPTION ONE: CIF (Escrow Account)
- The Buyer shall pay 100% of Gold’s total price into an escrow account with an agreed-upon, reputable, licensed escrow agent in Dubai, UAE, or the USA before shipment. Once the deposit is confirmed, the Seller shall ship the gold to the Buyer's destination refinery for delivery and assay.
- Upon receipt of the Gold and completion of the assay at the Buyer's destination refinery, the Buyer shall instruct the Escrow Agent to release the funds to the Seller. This is simple and straightforward, and it protects all parties.
- We are now focusing on an escrow transaction as the payment method for our gold bar shipment from Africa. We have a reliable, licensed escrow agent in Dubai, UAE, and in the USA.
- Evidence of past successful performance is available. Worldwide shipment.
OPTION TWO: CIF 50 KG and above
ü The buyer shall travel to Uganda, take possession of the gold to perform assay and smelting at the buyer’s expense; then, based on the assay report, the buyer shall pay 5% of the total gold cost to an agreed-upon shipping agent who will facilitate the shipping of the gold.
ü The 5% paid to the shipping agent is to obtain all the required shipping documents and the shipping cost of the gold to the buyer’s destination.
ü Upon receiving the gold and the final assay conducted at the buyer’s destination, the buyer shall pay 95% of the gold's cost to the seller or the seller’s representative via wire transfer or as mutually agreed.
_____________________________________________________
If you accept any of the above Procedures, kindly contact us using the contact form or via email. We will prepare an official FCO based on your preferred procedure, on our letterhead.
Here’s How Kampala Became the New Hub for Gold Trading and Mining
From Hills to Bullion: How Kampala Quietly Became East Africa’s Gold Capital
“You see that shop? Yesterday it sold smartphones—today it’s weighing gold,” my taxi driver muttered as we crawled through Kampala’s congested Namuwongo neighborhood. His offhand remark captures a bigger story: over the past decade, Kampala has morphed from a bustling business center into one of Africa’s most active nodes for gold trading and—less visibly—gold processing and export.
We’ll explore:
The historical backdrop of Uganda’s gold industry
Key policy and regulatory shifts that accelerated the boom
Why regional geopolitics funnel gold through Kampala rather than directly from the mines
The new infrastructure—refineries, logistics corridors, fintech tools—that sustains the trade
Social and environmental implications that often stay off the front pages
What the future might hold for miners, traders, and the Ugandan economy
Whether you’re an investor watching commodity flows, a policy-maker eyeing resource governance, or simply curious about how cities reinvent themselves, Kampala’s gold story offers timely lessons.
1. A Brief History: From Colonial Prospects to Modern Potential
Uganda’s association with gold stretches back to the 1920s when colonial geologists identified deposits in Busia, Mubende, and Karamoja. Yet for decades coffee, tea, and fish grabbed the headlines while gold lingered on the sidelines.
1.1 Early Prospects and Dormancy
British firms established small hard-rock mines, but production rarely exceeded a few hundred kilograms annually.
Independence (1962) and the tumultuous Idi Amin era (1970s) paused large-scale exploration, pushing mining to artisanal margins.
“Gold was always there, but the state had bigger fires to fight,” recalls Prof. Samuel Owor, retired geologist at Makerere University.
1.2 A Sleeping Giant Awakens
By the late 2000s, higher international prices (peaking above USD 1,800/oz in 2011) revived interest. Small Ugandan prospectors returned with handheld detectors, while regional traders noticed Kampala’s improving business climate.
2. Policy Tailwinds: Why the Laws Suddenly Mattered
2.1 The 2016–2017 Regulatory Makeover
Kampala’s gold renaissance didn’t happen by chance—it was nudged by new rules:
Abolished export duties on refined gold, slashing costs for traders.
Introduced tax holidays for value-addition facilities (refineries).
Simplified licensing for “gold dealers,” requiring only minimal upfront capital.
According to the Uganda Revenue Authority (URA), official gold exports leaped from USD 23 million in 2014 to over USD 1.2 billion in 2020.[^1]
[^1]: URA Annual Trade Report, 2021.
2.2 Why These Changes Were Attractive
Investors gained clarity on royalties (5% for large-scale, 3% for artisanal).
The promise of political stability made Kampala safer than rival hubs like Juba or Goma.
“Uganda positioned itself as the Switzerland of the Great Lakes—low taxes, predictable rules,” said a regional trader interviewed by Reuters.