AFRICA IS HOME’s Post

Top 5 countries in Northern Africa with the largest gold reserves and their estimated units were: 1. Egypt🇪🇬 - Estimated at over 77 million ounces. 2. Algeria🇩🇿 - Estimated at around 6.5 million ounces. 3. Sudan🇸🇩 - Estimated at around 3.1 million ounces. 4. Libya🇱🇾 - Estimated at around 1.6 million ounces. 5. Morocco🇲🇦 - Estimated at around 1.2 million ounces.

Data by Statista in 2023, reveals that Algeria has the largest gold reserve in Africa. Ghana, despite being the continent's largest gold producer has ranked 8th on the list of countries with the largest gold reserves. #EGNN #Algeria #Ghana

Lebanon Golden Age starting mid 1950's until 1975. Lebanon is the 2nd country in the world in gold reserves per capita with 69.3 grams for each citizen. Switzerland tops the world's list with 136.3 grams per capita. In 2018 the value of Lebanon's Gold represented 22.3% of the Arab world's aggregate gold reserves. They accounted for 3.6% of gold reserves of non-OECD Countries and for 0.9% of Global Gold Reserves.

🔍 New Africa Watch Report: Burkina Faso’s Gold Mining & Geopolitical Challenges 🇧🇫💰 Burkina Faso is enacting key reforms to manage its gold mining sector amid political instability and growing ties with Russia. Key updates: 🔹 Regulatory Reforms: New measures include a national gold reserve and a temporary halt on artisanal gold exports to curb misuse. 🔹 Geopolitical Dynamics: Enhanced cooperation with Russia impacts security and economic strategies, influencing both regional stability and investment opportunities. Discover how Burkina Faso is navigating these complexities and the implications for the mining industry. https://lnkd.in/gVpXSmJD #BurkinaFaso #GoldMining #Geopolitics #AfricaWatch #EconomicStability #GlobalEyeIntelligence

Top 5 African countries with the largest gold reserves, along with their estimated gold reserves in metric tons, are: 1. South Africa🇿🇦 - Estimated gold reserves: 6,000 metric tons 2. Ghana🇬🇭- Estimated gold reserves: 1,300 metric tons 3. Tanzania🇹🇿 - Estimated gold reserves: 1,200 metric tons 4. Mali🇲🇱 - Estimated gold reserves: 700 metric tons 5. Burkina Faso🇧🇫 - Estimated gold reserves: 400 metric tons 📷: Gold Reserve in South Africa🇿🇦

Top 5 African countries with the largest gold reserves, along with their estimated gold reserves in metric tons, are: 1. South Africa🇿🇦 - Estimated gold reserves: 6,000 metric tons 2. Ghana🇬🇭- Estimated gold reserves: 1,300 metric tons 3. Tanzania🇹🇿 - Estimated gold reserves: 1,200 metric tons 4. Mali🇲🇱 - Estimated gold reserves: 700 metric tons 5. Burkina Faso🇧🇫 - Estimated gold reserves: 400 metric tons 📷: Gold Reserve in South Africa🇿🇦

#VAntageOnFirstpost 435 Tonnes of African Gold Lost to Smuggling in 2022 | Vantage with Palki Sharma A new report by Swissaid says that in 2022, 435 tonnes of gold were smuggled out of the African continent. A lion's share of the smuggled gold ended up in the UAE, where it was processed and re-exported to other parts of the world. Once gold is processed, most countries mark the processing country as the place of origin. In this way, African gold worth about $31 billion ended up getting smuggled out of the continent, and so it could not contribute to its source country's economy. Most of the smuggled gold came from artisanal mines, which can be unsafe, or run by militant groups who exploit people to fund their own activities. --- Gold | Smuggling | Africa | 435 Tonnes Gold | Firstpost | World News | Vantage | Palki Sharma #gold #smuggling #africangold #goldsmuggling #smuggledgold #2022 #africa #firstpost #vantageonfirstpost #palkisharma #worldnews

🇫🇷 France has the fourth largest gold reserve of 2436 tonnes, yet there are no gold mines in France. 🇲🇱 Meanwhile, Mali, occupied by France, has no gold reserves, despite having over 860 gold mines and producing 50 tonnes of gold per year. ❓ Where does Mali's gold go?

Gold smuggling in Africa reaches more than 30 billion dollars African gold smuggling amounts to more than 30 billion dollars a year, most of it to the United Arab Emirates, where it is refined and then sold around the world, reveals a report published last week. The data comes from a report by SWISSAID, a development aid organization based in Switzerland, and indicates that in 2022, gold worth 30 billion dollars left the African continent illegally. According to Lusa, the main destinations for African gold... Read more on the link below https://lnkd.in/gh9Uxunj

✨ 𝐌𝐚𝐛𝐚𝐧’𝐬 𝐠𝐨𝐥𝐝𝐞𝐧 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐬 𝐡𝐞𝐫𝐞! ✨ In the heart of Upper Nile State, Maban County is experiencing an economic boom thanks to a surge in demand for locally mined gold. Ethiopian buyers are driving this demand, recognizing the value of Maban’s gold mining activities. The future shines bright for Maban as the allure of its gold continues to attract buyers and fuel economic growth. The local community, empowered by artisanal mining opportunities, is on the path to a prosperous and sustainable future. This progress stands as a beacon of hope for the entire country. Studies show that the increase in mining activities is creating jobs and generating significant income, especially with gold prices soaring. This influx of wealth is enhancing local welfare, improving access to education and healthcare, and stimulating infrastructure development. #MabanGold #EconomicGrowth #SustainableFuture #CommunityEmpowerment #UpperNileState #GoldRush #HopeAndProgress https://rb.gy/8yjukf