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    INSIDE NMG’S BIG CRISIS! From Muhoozi’s shutdown threats to secret meetings and editorial shake-ups, East Africa’s media giant faces one of its toughest tests.

    INSIDE NMG’S BIG CRISIS! From Muhoozi’s shutdown threats to secret meetings and editorial shake-ups, East Africa’s media giant faces one of its toughest tests.

    WHY NEXT MEDIA’S MARRIAGE WITH CAPITAL IS BIG BUSINESS: Next Media, Capital Radio Group Seal Strategic Partnership in Landmark Media Alliance

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    WHY TABZ WAS RELEASED! Security insiders claim investigators had already obtained what they wanted before freeing NUP photographer “Ninye Tabz”

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    BAIL AGONY! LUKWAGO BACK TO LUZIRA: Court postpones ruling on opposition lawyer’s freedom. Magistrate to announce decision by email as supporters fear for his health.

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    INSIDE NMG’S BIG CRISIS! From Muhoozi’s shutdown threats to secret meetings and editorial shake-ups, East Africa’s media giant faces one of its toughest tests.

    INSIDE NMG’S BIG CRISIS! From Muhoozi’s shutdown threats to secret meetings and editorial shake-ups, East Africa’s media giant faces one of its toughest tests.

    WHY NEXT MEDIA’S MARRIAGE WITH CAPITAL IS BIG BUSINESS: Next Media, Capital Radio Group Seal Strategic Partnership in Landmark Media Alliance

    WHY NEXT MEDIA’S MARRIAGE WITH CAPITAL IS BIG BUSINESS: Next Media, Capital Radio Group Seal Strategic Partnership in Landmark Media Alliance

    TRIPLE A ON SICK BED: Nsereko’s emotional appeal over Anita Among’s reported ill health ignites national debate

    TRIPLE A ON SICK BED: Nsereko’s emotional appeal over Anita Among’s reported ill health ignites national debate

    WHY TABZ WAS RELEASED! Security insiders claim investigators had already obtained what they wanted before freeing NUP photographer “Ninye Tabz”

    WHY TABZ WAS RELEASED! Security insiders claim investigators had already obtained what they wanted before freeing NUP photographer “Ninye Tabz”

    MUSEVENI STORMS KALANGALA! President makes last-minute pitch for NRM’s Idah Nabayiga ahead of crucial by-election, pledges new ferries, electricity

    MUSEVENI STORMS KALANGALA! President makes last-minute pitch for NRM’s Idah Nabayiga ahead of crucial by-election, pledges new ferries, electricity

    BAIL AGONY! LUKWAGO BACK TO LUZIRA: Court postpones ruling on opposition lawyer’s freedom. Magistrate to announce decision by email as supporters fear for his health.

    BAIL AGONY! LUKWAGO BACK TO LUZIRA: Court postpones ruling on opposition lawyer’s freedom. Magistrate to announce decision by email as supporters fear for his health.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
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    Digital Technologies Could Help Uganda’s Economy Recover Faster

    Digital Technologies Could Help Uganda’s Economy Recover Faster

    Liquid Telecom to host first cloud event of its kind in Uganda

    Liquid Telecom to host first cloud event of its kind in Uganda

    TECNO Mobile Uganda Skills Graduates Through Its Graduate Trainee Program

    TECNO mobile Uganda skills graduates through its graduate trainee program

    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    Outgoing PRAU President Cynthia Mpanga (right) hands over the key to new PRAU President Sarah Kagingo as PRAU Patron Min. Frank Tumwebaze looks on

    Hon. Frank Tumwebaze graces PRAU Governing Council Handover Ceremony

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    LOVE AT THE ALTAR! Frank Mwesigye and Natasha Seal Their Forever at Namirembe. Political leaders, friends and family witness joyous church wedding before Kigo celebrations

    LOVE AT THE ALTAR! Frank Mwesigye and Natasha Seal Their Forever at Namirembe. Political leaders, friends and family witness joyous church wedding before Kigo celebrations

    RHYTHM OF A RISING STAR! Kenyan singer Shourtie is winning hearts across East Africa with her soulful Afro-fusion sound.

    RHYTHM OF A RISING STAR! Kenyan singer Shourtie is winning hearts across East Africa with her soulful Afro-fusion sound.

    LOVE, POWER AND GLAMOUR! PLU Bigwig Frank Mwesigye’s Lavish Giveaway Draws Ministers Balaam and Mao as Kyankwanzi Hosts Star-Studded Traditional Ceremony

    LOVE, POWER AND GLAMOUR! PLU Bigwig Frank Mwesigye’s Lavish Giveaway Draws Ministers Balaam and Mao as Kyankwanzi Hosts Star-Studded Traditional Ceremony

    MEN WHO LOVED ZARI! Shakib joins exes club after shock split from socialite beauty, we reveal the billionaires, superstars and heartbroken lovers who passed through the Boss Lady’s life

    MEN WHO LOVED ZARI! Shakib joins exes club after shock split from socialite beauty, we reveal the billionaires, superstars and heartbroken lovers who passed through the Boss Lady’s life

    KILLED BY THE MOB! Rugby Cranes Hero Sydney Gondodyo Dies After Savage Boda Boda Attack, Friends Cry Foul, Claim National Star May Have Been Mistaken for a Thief

    KILLED BY THE MOB! Rugby Cranes Hero Sydney Gondodyo Dies After Savage Boda Boda Attack, Friends Cry Foul, Claim National Star May Have Been Mistaken for a Thief

    KAFEERO’S GRAVE OPENS UP OLD WOUNDS! Kadongo Kamu Legend Exhumed As Bitter Family War Over Children And Wealth Explodes

    KAFEERO’S GRAVE OPENS UP OLD WOUNDS! Kadongo Kamu Legend Exhumed As Bitter Family War Over Children And Wealth Explodes

  • Lifestyle
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    RIP Mr. Chef: Chef Kadumukasa signs out

    RIP Mr. Chef: Chef Kadumukasa signs out

    Beyond The Noise: Restoration Of Moral Gravitas In Our Public Life – Uganda’s Formation was Neither Purely Political Nor Purely Territorial

    Beyond The Noise: Restoration Of Moral Gravitas In Our Public Life – Uganda’s Formation was Neither Purely Political Nor Purely Territorial

    The Innevitable Change: AI Takes Centre Stage in Uganda’s Digital Future as The Country Moves Towards a Formal Regulation and Governance of AI Policy

    The Innevitable Change: AI Takes Centre Stage in Uganda’s Digital Future as The Country Moves Towards a Formal Regulation and Governance of AI Policy

    Twent Seven Years After Being Sent Home To Die, Moses Nsubuga aka Super Charger Proves HIV Isn’t A Death Sentence

    Twent Seven Years After Being Sent Home To Die, Moses Nsubuga aka Super Charger Proves HIV Isn’t A Death Sentence

    National Water and Sewerage Corporation Technical Staff’ Skills Enhanced for Better Service Delivery 

    Purity from The Source: The Story Of How National Water and Sewerage Corporation’s Vigilance at the Tap Safeguards the Entire Nation’s Health

    The Business of Film in Uganda: Stakeholders Call for Investment, Structure and Policy Support organized by the Ministry of ICT and National Guidance in partnership with MultiChoice Uganda

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
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    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    To Connect the Unconnected with Innovations towards Inclusive Growth

    To Connect the Unconnected with Innovations towards Inclusive Growth

    Cindy Sanyu

    Cindy Sanyu to headline Eastern Megafest

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The Golden Betrayal: A Lengthy Zoom Into Uganda’s Largest Criminal Gold-Mining Operation That Has Left Inhabitants Helplessly Sobbing like Babies

“I don’t know about Evergrande. If they engage in any kind of tax evasion, that should be the work of URA (Uganda revenue Authority), the soft-spoken Kedi, also refered to as President Museveni`s blue-eyed boy, retorted

August 8, 2024
inBusiness, Crime news, Featured
The Golden Betrayal: A Lengthy Zoom Into Uganda’s Largest Criminal Gold-Mining Operation That Has Left Inhabitants Helplessly Sobbing like Babies

The Big Shots: Kedi Vincent and His Master Hon. Ruth Ssentamu Nankabirwa (Courtesy Photos)

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AMUDAT, Uganda: In a nation where the glimmer of gold should symbolize prosperity, it has instead become the shadowy beacon of corruption. Our latest investigation unveils the murky depths of Uganda’s largest illicit gold mining operation, meticulously orchestrated by those entrusted with the nation’s mineral wealth.

At the epicenter of this conspiracy is Eng. Kedi Vincent, a man whose proximity to power has enabled a massive cover-up within the Ministry of Energy and Mineral Development. The ministry charged with the mineral-rich Uganda`s underworld riches is headed by one of President Museveni`s most trusted big girls, Ruth Ssentamu Nankabirwa.

“I don’t know about Evergrande. If they engage in any kind of tax evasion, that should be the work of URA (Uganda revenue Authority), the soft-spoken Kedi, also refered to as President Museveni`s blue-eyed boy, retorted when approached by this writer about the offensive Evergrande, a gold-mining company under review in these pages.

The Birth of a Hidden Empire

Evergrande Resources Limited, a company once granted exploration rights, was intended to assess and develop Uganda’s gold and base metal reserves for the country’s benefit. However, instead of serving the public interest, Eng. Kedi Vincent, together with his co-conspirators, manipulated these rights to forge an illicit empire. Under the guise of legitimate exploration, Evergrande secretly launched Uganda’s largest illegal mining operation, all while basking in the protection afforded by Kedi’s close ties to the highest echelons of power.

Amudat Community’s Plight

The ripples of this clandestine operation have been felt most acutely, in the remote district of Amudat, where residents have endured the brunt of Evergrande’s activities since 2021. The once-pristine rivers, lifelines for local communities, have become tainted, their waters now unsuitable for consumption due to the pollution from mining activities. The loss of land has compounded the suffering, as locals were deceived into signing away their ancestral homes, often, reportedly after being plied with alcohol by the company’s representatives.

Despite the community’s desperate pleas for intervention, their cries have largely gone unanswered. NGOs, local government officials, and even police officers have turned a blind eye, their silence supposedly bought by Evergrande agents’ deep pockets. The situation has grown increasingly dire, with some residents fearing they may never reclaim their land or restore their environment.

The Evolution of Evergrande

Incorporated on July 7th 2020, Evergrande Resources Limited was founded by three shareholders namely; Okello Rogers, Lu Yang, and Noel Kagaba. With an initial investment of USD2M, the company’s beginnings seemed above board. However, the truth behind its funding tells a different story.

According to local sources, Eng. Kedi is highly believed, to have reportedly convinced the Chinese investor into believing in a lucrative opportunity, only to funnel the money into his supposed proxy, Okello Rogers. And here, the covert extraction of Uganda’s gold began!

To obscure their evidently illicit activities further, a resolution passed on February 8th 2023, transferred all shares of Evergrande to three new entities namely; Jingang Investments Company Ltd, Wanxing Gold Jewelry Company Ltd, and OksFortune Company Ltd. Yet, our investigations reveal, these companies are mere facades, with Okello continuing to hold shares in trust for his boss, the true mastermind behind the scenes.

From Concealed Night Shifts to Brazen Operations

Initially, tells our informed local sources, the illegal mining was conducted under the cover of darkness. Former workers we talked to recall how the Chinese operators, fearing exposure, processed gold only at night, yielding about five kilograms weekly. As the operation expanded, so too did its audacity. With their Godfather`s unwavering support, the company moved to 24-hour processing, ramping up production and emboldening their operations.

By 2022, production had soared to 25-30 kilograms per week, prompting Kedi to devise new ways to evade scrutiny. Reliable Refinery Ltd was established as a front supposedly to handle the vast amounts of untaxed gold being smuggled out of the country. But as the scale of their activities threatened to expose them, they shifted tactics, moving from gold extraction, to the export of gold concentrates. “By labeling the shipments as soil samples for analysis, they successfully masked the true nature of their exports,” sadly says our source on ground.

Exporting Uganda’s Wealth Undetected

Our investigative team uncovered a staggering stockpile of over 400 tons of gold concentrate awaiting export in Amudat. According to experts, a single ton of this concentrate contains approximately 230 grams of refined gold. In other words, the awaiting shipment is equivalent to around 100 kilograms of pure gold—an unimaginable fortune siphoned out of Uganda without a trace.

Truckloads of this illicit cargo, positively identified by registration numbers; KCS 459K, KDK396F, KCA 104J, and others, have been quietly moving out of the country. Despite the colossal scale of this operation, Kedi’s influence has ensured that export permits are hastily approved, with no questions asked. He has gone so far as to convince his superiors that Evergrande is merely exporting samples for future mining equipment, a ruse that has allowed the illicit operation to continue unabated. The latest gives credence to allegations of Kedi also having the Ministry`s support in his supposed illicit trade.

A Nation Betrayed Vide Corruption

The revelations of Uganda’s largest illicit gold mining operation raise serious questions about the integrity of those in power. Eng. Kedi Vincent, beleivably shielded by his connections and emboldened by his position, has single-handedly masterminded a scheme that not only robs the nation of its wealth, but also betrays the trust of its people.

The gold that should have fueled the nation’s development is instead lining the pockets of a few, while the people of Amudat suffer in silence. As state investigations continue, one can only hope that justice will prevail. Yet, as Kedi himself reportedly boasts, “nothing serious will come out – politics as usual.” For the sake of Uganda’s future, let’s hope he is wrong.

Watch this space for more developments as our investigation into Evergrande Resources Limited continues. Will this be the story that finally unmasks the corruption festering within Uganda’s mining sector, or will it be yet another chapter in a long saga of impunity? The truth, as always, lies in the balance.

Author Profile

Stanley Ndawula
Stanley Ndawula
Stanley Ndawula is a two and a half decades’ seasoned investigative journalist with a knack for serious crimes investigations and reporting. He’s the Founding Editorial Director and CEO at The Investigator Publications (U) Limited
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