Kampala Gold Bullion and The Boom Of Gold Refineries In Uganda
Over the last decade, there has been a booming growth of gold refineries in the Sub-Saharan region. The most interesting thing about it all is that even those countries that do not produce gold have gold refineries. In Uganda, there are a couple of refineries just outside Entebbe Airport and many of such investments have impacted on the supply of Kampala gold bullion. Uganda produces a little of her own gold. However, much of the gold comes from the Democratic Republic of Congo. This is what most critics have been dwelling on – the sourcing of gold from other countries and later labeling it as “Made in Uganda.” In response, the government has often said that even Swiss Gold is not mined in Switzerland.
Currently, there are over 19 gold refineries refining gold and producing Kampala gold bullion
By March 2019, Uganda had already granted 19 gold refining licenses to different gold refining companies. In other parts of the African continent, there are 26 similar factories operating or being constructed in 14 countries. In 2012, there were just a handful of these installations in the whole of Sub-Saharan Africa. So, the rise in the number of gold refining installations is what has boosted the production of Kampala gold bullion and other gold products. Small scale gold mining in Uganda is also currently booming with more artisanal mines being constructed in other parts of the country like Moroto. The Kampala gold bullion companies receive political support and this is why the gold sold in the country is legit.
Do these refineries have quality controls and checks?
Some of these refineries have installed systems to ensure that they process gold that has been sourced from legitimate mines. But, this does not overshadow the fact that there are still illegal miners who operate using smuggling networks to dodge taxes and surveillance. That is why it is possible to buy raw physical gold at half price in East Africa. However, with the installation of more refineries, the government hopes to bring to an end such smuggling units. All in all, we can say that more refineries have enabled the production of more Kampala gold bullion.
You can buy Kampala gold through us
Are you a gold trader, company, or jewelry maker? Have you been searching for where to buy gold profitably? Come to Kampala today, inspect the gold, buy it and you will walk away from it. Alternatively, you can also place an order online. We offer shipping services using our FOB and SLOC arrangements. Buy Kampala gold bullion, gold ingots, and raw physical gold sourced from Uganda and the Democratic Republic of Congo. Contact us now for a chance to buy high-quality gold at the best rates.
