Uganda Chamber of Mines and Petroleum (UCMP) will use the 7th annual Mineral Wealth Conference to showcase what Uganda has to offer the world, said Elly Dr. Elly Karuhanga, the chairperson of UCMP.
Dr. Karuhanga speaking at a press conference at Serena Hotel to announce the conference emphasized that Uganda, which has over 50 minerals, will also showcase her performance in the mining sector in a bid to attract investors.
Over 1000 delegates from across the world have started arriving in the country to be part of the annual Mineral Wealth Conference which is scheduled for 2nd and 3rd of October at Serena Hotel.
The Association of Chamber of Mines & other Mining Associations of Africa with over 40 member countries will also be participating in the 7th Annual Mineral Wealth Conference.
This year's mineral Wealth Conference focuses on East Africa, and will run under the theme: "Eastern Africa: The continent's next mining and Investment haven,"
Dr. Karuhanga believes Uganda can be the leading producer of minerals. “We should be leading. Copper which contributed a third of GDP is sitting there idle. Copper can change our economy,” he said.
The minerals sector contribution to Uganda’s GDP is less that 1 percent but Dr. Karuhanga believes it can go to up 10 percent not above. “Again, we shouldn’t be country that depends on minerals just in case their is a crisis.”