Thursday, July 24, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 10 African countries with the largest gold reserves

Simon Osuji by Simon Osuji
May 28, 2024
in Business
0
Top 10 African countries with the largest gold reserves
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

African Countries Bolster Gold Reserves Amid Global Uncertainty

In recent years, African countries have taken significant steps to strengthen their gold reserves, positioning themselves favorably amidst global economic uncertainty. As geopolitical tensions and inflation concerns persist, the allure of gold as a safe-haven asset has intensified. Let’s explore the top 10 African countries with the largest gold holdings in 2023.

Topping the list is Algeria, boasting the largest gold reserves on the continent, with a robust holding of 174 metric tons. South Africa closely follows, with official gold reserves reaching an impressive 125 metric tons.

Without further ado, let’s delve into the updated rankings of the top 10 African countries with the largest gold reserves in 2023, based on data from Statista:

  1. Algeria: Holding an impressive 174 metric tons of gold, Algeria stands strong as the leading African nation in gold reserves.
  2. South Africa: Following closely behind, South Africa maintains a substantial gold reserve of 125 metric tons.
  3. Libya: With a commendable gold holding of 117 metric tons, Libya secures the third spot on the list.
  4. Egypt: Holding 80.73 metric tons, Egypt consolidates its position as one of the key players in the African gold market.
  5. Morocco: Boasting 22.12 metric tons of gold, Morocco solidifies its status as a noteworthy contender in the African gold scene.
  6. Nigeria: With a respectable gold reserve of 21.37 metric tons, Nigeria demonstrates its growing interest in the precious metal.
  7. Mauritius: Holding 12.44 metric tons of gold, Mauritius makes its mark as a nation with a strategic focus on diversifying its reserves.
  8. Ghana: With 8.74 metric tons of gold, Ghana maintains a significant position in Africa’s gold landscape.
  9. Tunisia: Holding 6.84 metric tons, Tunisia showcases its presence as a country keen on harnessing the value of gold.
  10. Mozambique: Securing the tenth spot, Mozambique holds 3.94 metric tons of gold, contributing to the continent’s overall gold reserves.

As African nations continue to bolster their gold holdings, these strategic moves position them to navigate the ever-changing global economic landscape and safeguard their economies against potential shocks. The allure of gold as a reliable store of value persists, offering stability and confidence to both governments and investors alike.

Source link

Related posts

How the informal sector in Zimbabwe has become a ‘critical risk’

How the informal sector in Zimbabwe has become a ‘critical risk’

July 24, 2025
NCBA Kisumu Forum Focuses on Legacy Planning

NCBA Kisumu Forum Focuses on Legacy Planning

July 24, 2025
Previous Post

How High Can DOGE Surge In June 2024?

Next Post

Mastercard and African Development Bank Group Invest $300 Million into Africa Digital Economy

Next Post
Mastercard and African Development Bank Group Invest $300 Million into Africa Digital Economy

Mastercard and African Development Bank Group Invest $300 Million into Africa Digital Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Digital Asset Funds See Inflows Top $1 Billion in Crypto Rebound

Digital Asset Funds See Inflows Top $1 Billion in Crypto Rebound

2 years ago
Court rules creation of 50 CAS posts unconstitutional

Court rules creation of 50 CAS posts unconstitutional

2 years ago
Senegal’s women’s basketball team becomes first sports casualty of Trump’s visa ban

Senegal’s women’s basketball team becomes first sports casualty of Trump’s visa ban

1 month ago
Microsoft reveals $4 Billion in thwarted fraud

Microsoft reveals $4 Billion in thwarted fraud

3 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.