Tag: copper mine
This year marked the official revival of Uganda airlines after losses led to liquidation and grounding of the carrier for 18 years. The year was also characterised by tax disputes between the government and international oil firms, introduction of digital tax stamps, revival of the country’s largest copper mine and other things. Analyst, Charles Bwogi joins CNBC Africa for more.
The mineral sector contributed 30 per cent to Uganda’s gross domestic product (GDP) back in 1960s before it collapsed and saw its share decline to a paltry 0.3 per cent currently. In the bid to revamp the sector, the government is fast-tracking a process in which it hopes to call interested investors to revive the country’s largest copper mine, Kilembe Copper Mines. Analyst, Charles Bwogi joins CNBC Africa for more.