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Great lakes
Will US sanctions crush Museveni's ambitions for Congolese gold?

Yoweri Museveni. © Twitter @KagutaMuseveni

The Ugandan president was counting on DR Congo's entry into the East African Community to boost Congolese gold exports to his country. But US sanctions on Kampala's biggest gold refinery may dash those hopes. [...]

Published on 30.03.2022 at 05:00 GMT Reading time 4 minutes

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Mining

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Adam Mugume
African Gold Refinery
Alain Goetz
Aldabra
Aldango Refinery
Bank of Uganda
Bullion Refinery
Dither
East African Community
Felix Tshisekedi
John Magufuli
Office of Foreign Assets Control
Paul Kagame
Simba Gold Refinery
Societe Aurifere du Kivu et du Maniema
Treasury Department
Wagagai Mining
Yoweri Museveni

DRC, Uganda
Washington refuses to lift sanctions on Alain Goetz

The Belgian businessman Alain Goetz is to remain on the sanctions list of the Office of Foreign Assets Control. The US treasury believes he still controls the various firms that have been used in illegal gold trading in Africa.

Subscribers only Mining 14.07.2023

DRC, Uganda
Gold refiner Alain Goetz fights back against US and EU sanctions

The Belgian businessman is currently orchestrating his legal riposte to the Americans and Europeans from Dubai, his goal being to get the sanctions lifted both on himself and his businesses.

Subscribers only Mining 14.04.2023

Uganda
Ebola ravages gold sector

The latest outbreak of the deadly disease that began in early September has struck at the heart of Uganda's mostly artisanal gold production and slowed down extraction, trade and refining, whether legal or not.

Subscribers only Mining, Commodity traders 27.10.2022

A general view of an open-pit gold mine in Mubende district.

DRC, Rwanda, Uganda
How Belgian entrepreneur Alain Goetz escaped UN sanctions

Just days before being placed under US sanctions, Belgian businessman Alain Goetz managed to avoid UN sanctions. UN investigators suspect him of playing an active role in the illicit trade in gold mined in conflict zones of eastern DR Congo.

Subscribers only Mining, Business 07.04.2022

Congo, Rwanda
Kagame expected in Brazzaville for talks with Sassou

Rwandan president Paul Kagame is expected in Brazzaville on 10 April to meet with his Congolese counterpart Denis Sassou Nguesso.

Subscribers only Finance, Diplomacy 29.03.2022

DRC, Uganda, United States
US Treasury unlikely to let Alain Goetz's Aldabra off hook over gold trafficking allegations

Although it has not been put on the sanctions list drawn up by the US Treasury, Alain Goetz's UAE company Aldabra is unlikely to escape punitive action by the US. The US sanctions have also put Uganda, where his African Gold Refinery is based, in a difficult position.

Subscribers only Mining 23.03.2022

DRC, Uganda
Elgon Minerals may need to tap DRC gold for new Uganda refinery

The Chinese-owned firm has set up a subsidiary in the DRC while it builds a gold refinery in Uganda. Other Ugandan refineries, which mostly get their gold from the neighbouring country, have often been accused of playing into the hands of smugglers.

Subscribers only Mining 03.02.2022

Mozambique, Rwanda
From Kivu to Cabo Delgado, miner Rutagarama takes advantage of Rwandan diplomacy

Jean Paul Rutagarama is actively involved in the mining industry and has followed in Paul Kagame's footsteps in Maputo, having already signed a partnership in gold refining with Kinshasa, thanks to the Rwandan head of state.

Subscribers only Mining, Business 08.11.2021

In Focus | Great lakes, Rwanda
Belgian gold refiner Alain Goetz battles for his interests in the Great Lakes region

Belgian businessman Alain Goetz quit the management of his Ugandan gold refinery a few months ago after being found guilty of money laundering in Belgium. He is also facing accusations of tax evasion in Rwanda, where he is a shareholder in another refinery.

Subscribers only Mining 30.08.2021

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Adam Mugume
African Gold Refinery
Alain Goetz
Aldabra
Aldango Refinery
Bank of Uganda
Bullion Refinery
Dither
East African Community
Felix Tshisekedi
John Magufuli
Office of Foreign Assets Control
Paul Kagame
Simba Gold Refinery
Societe Aurifere du Kivu et du Maniema
Treasury Department
Wagagai Mining
Yoweri Museveni

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Great lakes
Will US sanctions crush Museveni's ambitions for Congolese gold?

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DRC, Uganda
Washington refuses to lift sanctions on Alain Goetz

DRC, Uganda
Gold refiner Alain Goetz fights back against US and EU sanctions

Uganda
Ebola ravages gold sector

DRC, Rwanda, Uganda
How Belgian entrepreneur Alain Goetz escaped UN sanctions

Congo, Rwanda
Kagame expected in Brazzaville for talks with Sassou

DRC, Uganda, United States
US Treasury unlikely to let Alain Goetz's Aldabra off hook over gold trafficking allegations

DRC, Uganda
Elgon Minerals may need to tap DRC gold for new Uganda refinery

Mozambique, Rwanda
From Kivu to Cabo Delgado, miner Rutagarama takes advantage of Rwandan diplomacy

In Focus | Great lakes, Rwanda
Belgian gold refiner Alain Goetz battles for his interests in the Great Lakes region

Set up email notifications for these topics

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Indigo Publications' websites

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Great lakes Will US sanctions crush Museveni's ambitions for Congolese gold?

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

DRC, Uganda Washington refuses to lift sanctions on Alain Goetz

DRC, Uganda Gold refiner Alain Goetz fights back against US and EU sanctions

Uganda Ebola ravages gold sector

DRC, Rwanda, Uganda How Belgian entrepreneur Alain Goetz escaped UN sanctions

Congo, Rwanda Kagame expected in Brazzaville for talks with Sassou

DRC, Uganda, United States US Treasury unlikely to let Alain Goetz's Aldabra off hook over gold trafficking allegations

DRC, Uganda Elgon Minerals may need to tap DRC gold for new Uganda refinery

Mozambique, Rwanda From Kivu to Cabo Delgado, miner Rutagarama takes advantage of Rwandan diplomacy

In Focus | Great lakes, Rwanda Belgian gold refiner Alain Goetz battles for his interests in the Great Lakes region

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

Great lakes
Will US sanctions crush Museveni's ambitions for Congolese gold?

DRC, Uganda
Washington refuses to lift sanctions on Alain Goetz

DRC, Uganda
Gold refiner Alain Goetz fights back against US and EU sanctions

Uganda
Ebola ravages gold sector

DRC, Rwanda, Uganda
How Belgian entrepreneur Alain Goetz escaped UN sanctions

Congo, Rwanda
Kagame expected in Brazzaville for talks with Sassou

DRC, Uganda, United States
US Treasury unlikely to let Alain Goetz's Aldabra off hook over gold trafficking allegations

DRC, Uganda
Elgon Minerals may need to tap DRC gold for new Uganda refinery

Mozambique, Rwanda
From Kivu to Cabo Delgado, miner Rutagarama takes advantage of Rwandan diplomacy

In Focus | Great lakes, Rwanda
Belgian gold refiner Alain Goetz battles for his interests in the Great Lakes region