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    Africa Gold Refinery Limited, a Ugandan mining company backed by Belgian investor Tony Goetz & Sons N.V., announced plans to set up a plant in Entebbe, cfc of Kampala. According to Reuters, the refinery It will cost $20 million to build, will have a production capacity of one tonne of pure gold per month, and will process raw gold produced in countries in the region such as Democratic Republic of Congo and Tanzania.

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    Uganda predicts that the mining industry, if well managed, has the potential to transform the country and catapult it into the ranks of middle-income nations by 2025. Regional benefits In neighbouring Congo, which is expected to contribute the bulk of gold for the plant, output jumped 30% last year, to hit 25.6 metric tonnes, boosted in part by higher prices.

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