13/01/2026
Benard Feni: The Powerhouse Behind Uganda’s USD 5.8 Billion Gold Export Boom
Benard Feni, Founder and Chief Executive Officer of Eurogold Refinery Uganda, stands among the top four gold dealers and industry leaders credited with powering Uganda’s remarkable USD 5.8 billion gold export surge—a milestone that has elevated both Uganda and Africa in the global gold market.
Hailing from Arua City in Northern Uganda, Feni has built one of the continent’s most impactful gold enterprises through vision, discipline, and strategic leadership. As the founder of Eurogold Refinery, the first wholly Ugandan-owned gold refinery, he has been at the forefront of transforming the country’s gold sector through domestic refining, value addition, and formalized trade systems.
The commissioning of Eurogold Refinery marked a turning point in Uganda’s mineral industry. Under Feni’s stewardship, the refinery has not only strengthened local processing capacity but has also expanded into international markets, with key offices in Dubai, positioning Uganda’s refined gold competitively on the global stage.
Feni’s influence extends beyond a single enterprise. His broader business portfolio includes Aureum Minerals & Resource International, Zoe Finance, and the Mungu Feni Foundation—initiatives that reflect a deep commitment to economic growth, financial empowerment, and community development. Through these ventures, he continues to bridge business success with social impact.
Industry observers point to Feni’s emphasis on compliance, transparency, and high-quality refining standards as critical factors behind the sector’s recent growth. His leadership has helped transition Uganda’s gold industry from raw mineral exports to refined, high-value products, driving foreign exchange earnings and enhancing Africa’s reputation in international bullion markets.
