Among the different minerals, lithium saw the sharpest increase in investment, a jump of 50%, followed by copper and nickel. While the report does not specifically mention Uganda, the country is believed to have these critical minerals in plenty.
Energy and Minerals Minister, Ruth Nankabriwa this week said the National Mining Company will be established to compete with privately-owned mines in the country. It is among the many reforms coming up under the Mining and Mineral Act 2022.
The report by the Extractive Industries Transparency Initiative (EITI) highlights the relationship between global energy transition objectives and the need for stronger mining sector governance at the national and local levels.