The government has introduced incentives including zero-equipment, machinery, and tax holidays to lessen costs and attract investors into the largely unexplored multibillion-dollar sector.
The Minister for Energy and Mineral Development Hon. Ruth Nankabirwa Sentamu said this while updating the press about the developments in the mineral sector on February 21.
Even though Uganda has vast mineral potential, it has not been extensively exploited, leaving the country behind counterparts like Botswana, Tanzania, South Africa, and Zimbabwe.
“ The government is currently reviewing a mineral’s revenue strategy (royalty-tax regime) to ensure optimal benefits for all stakeholders in the mining, and profit sharing across the value chain for both investors and the country,” she said. .
For details refer to Press Statement: