Top 10 African Countries With The Largest Gold Reserves
Algeria is the African country with the largest gold holding, at 174 metric tons.
In recent years, African countries have taken significant steps to strengthen their gold reserves, positioning themselves favourably 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:
- Algeria: Holding an impressive 174 metric tons of gold, Algeria stands strong as the leading African nation in gold reserves.
- South Africa: Following closely behind, South Africa maintains a substantial gold reserve of 125 metric tons.
- Libya: With a commendable gold holding of 117 metric tons, Libya secures the third spot on the list.
- Egypt: Holding 80.73 metric tons, Egypt consolidates its position as one of the key players in the African gold market.
- Morocco: Boasting 22.12 metric tons of gold, Morocco solidifies its status as a noteworthy contender in the African gold scene.
- Nigeria: With a respectable gold reserve of 21.37 metric tons, Nigeria demonstrates its growing interest in the precious metal.
- Mauritius: Holding 12.44 metric tons of gold, Mauritius makes its mark as a nation with a strategic focus on diversifying its reserves.
- Ghana: With 8.74 metric tons of gold, Ghana maintains a significant position in Africa’s gold landscape.
- Tunisia: Holding 6.84 metric tons, Tunisia showcases its presence as a country keen on harnessing the value of gold.
- 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.
Follow Our Activities On Facebook
2 hours ago
18 hours ago
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!