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    My View of a Disguised Coup: Celebrated Rebel Museveni Uses Slightly Amended Cabinet List to Carry Out Palace Overthrow Against Himself, Muhoozi

    My View of a Disguised Coup: Celebrated Rebel Museveni Uses Slightly Amended Cabinet List to Carry Out Palace Overthrow Against Himself, Muhoozi

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    Fake Blackmail: Let Ham Deliver Nakivubo Stadia instead of Labeling Bond Okello, Audrine Nsubuga Unpatriotic

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    My View of a Disguised Coup: Celebrated Rebel Museveni Uses Slightly Amended Cabinet List to Carry Out Palace Overthrow Against Himself, Muhoozi

    My View of a Disguised Coup: Celebrated Rebel Museveni Uses Slightly Amended Cabinet List to Carry Out Palace Overthrow Against Himself, Muhoozi

    Deal: Over 50,000 Housing Units to be supplied as NWSC and NHCC Sign Water Partnership MOU

    From Streams to Screens: Here Unveiling the IT and Digital Transformation of Uganda`s National Water and Sewerage Corporation Corp

    Stealing A Glance at Balokole Polls: Pastor Kyazze Takes Early Lead as Bisiyaga Assumes the Center Stage at The Election of New Leadership Today

    Stealing A Glance at Balokole Polls: Pastor Kyazze Takes Early Lead as Bisiyaga Assumes the Center Stage at The Election of New Leadership Today

    Fake Blackmail: Let Ham Deliver Nakivubo Stadia instead of Labeling Bond Okello, Audrine Nsubuga Unpatriotic

    Fake Blackmail: Let Ham Deliver Nakivubo Stadia instead of Labeling Bond Okello, Audrine Nsubuga Unpatriotic

    Heroine! Presidency Minister Milly Babalanda Saves Kyabazinga from Physical Assault at the Canada Busoga Symposium

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    All Royal: HRH Kamuswaga Concludes His Official Trip to California with Lots of Investors` Attraction to Kooki Kingdom

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    Digital Technologies Could Help Uganda’s Economy Recover Faster

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    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

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    • CES 2017
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    From Procrastination to Graduation: The Pumpy, Yet Inspiring Academic Voyage of Robert Ssentamu Kyagulanyi, The National Unity Platform Principal

    From Procrastination to Graduation: The Pumpy, Yet Inspiring Academic Voyage of Robert Ssentamu Kyagulanyi, The National Unity Platform Principal

    Tribute to Fred Enanga: A True Friend and Leader Who`s Personality Is Marked by a Cool-headed and Respectful Approach To Even the Most Contentious Issues

    Tribute to Fred Enanga: A True Friend and Leader Who`s Personality Is Marked by a Cool-headed and Respectful Approach To Even the Most Contentious Issues

    A Shaky Comeback: Out-of-Favor Singer Ronald Mayinja Tests Fans’ Moods with a Concert Poised to End His Musical Sabbatical Come Women`s Day at Serena

    A Shaky Comeback: Out-of-Favor Singer Ronald Mayinja Tests Fans’ Moods with a Concert Poised to End His Musical Sabbatical Come Women`s Day at Serena

    All Smiles for and Of Joy: The Groundless Beauty is in Realizing that Sometimes Real Superheroes Live in the Hearts of Small Children Fighting Big Battles

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    Together for a National Cause: Tourism Minister Martin Bahinduka and Miss Uganda Beauty Queens Unite for a Charitable Safari Adventure

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    Here is to the Secure Water Future: Rather than Simply Reacting to Challenges, NWSC is taking a Deliberate Approach to Sustainable Management

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    Euros 165m Grant: NWSC Secures French Agency’s Funding with Focus on Expansion of Water and Sanitation Infrastructure in Newly Designated cities

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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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