The case for a Uganda mineral exploration fund

Uganda's Mineral Wealth and the Need for Exploration Funding

It is widely recognized that Uganda possesses abundant mineral resources. Historical evidence dating back to the colonial era—and confirmed by numerous subsequent geological surveys—shows the country has significant deposits. Despite this rich mineral potential, Uganda has yet to fully capitalize on these resources.

Historical Context and Mineral Potential

Geological reports since colonial times have identified varied minerals across Uganda's regions. However, limited exploration has inhibited the discovery of commercially viable reserves. This lack of detailed surveys is a significant barrier to attracting large-scale investment in mining activities.

Proposal for a Mineral Exploration Fund

To unlock Uganda's mineral wealth, the establishment of a dedicated Mineral Exploration Fund is crucial. Such a fund would:

The fund would help bridge the gap between initial exploration and mining development, making it easier for Uganda to benefit from its natural resources.

"Without proper exploration, we cannot monetize our mineral resources effectively."

Importance for Uganda's Economy

Developing the mineral sector through improved exploration promises to diversify Uganda’s economy, create jobs, and boost revenues. It aligns with national goals of sustainable development and reducing reliance on agriculture and foreign aid.

Author's summary: Uganda's vast mineral resources remain largely untapped due to insufficient exploration; establishing a mineral exploration fund is vital to attract investment and unlock the sector’s economic potential.

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The Independent The Independent — 2025-11-29

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