Gold

Ethiopia closed its 2025/26 fiscal year with record export earnings above $11 billion, comfortably beating the government’s $9.8 billion target and up sharply from $8.3 billion the year before. The headline number masks a structural problem officials have been trying to fix for years: gold and coffee alone generated $8.6 …

Beijing’s latest multi-billion-dollar takeover in Africa is serving as a stark wake-up call for Western nations racing to secure the continent’s resource wealth. The proposed C$5.5 billion ($4.01 billion) acquisition of Canada’s Allied Gold Corp. by China’s Zijin Gold International Co. underscores how Chinese capital is rapidly expanding beyond traditional …

Perseus Mining’s Nyanzaga Gold Project hasn’t produced a single ounce of commercial gold yet but it has already injected 457.7bn/- into Tanzania’s economy, a pre-production dividend that underscores how much value a modern mining project can generate before the pour even starts. The Sengerema-based project in Mwanza Region, operated by …

Scandinavian-based gold producer operating in Ethiopia, Akobo Minerals says following the fuel supply disruptions that temporarily impacted operations during April, key activities progressively resumed during May as diesel availability improved. According to the company’s operational update, the development enabled a phased restart of mining, processing and development activities. The company …

The Bank of Uganda has launched a three year pilot programme to purchase gold directly from local miners, marking a significant policy shift that brings the central bank into the domestic gold market for the first time and signals a deliberate effort to strengthen Uganda’s foreign exchange reserves whilst formalising …

The Ugandan government is making a determined push to capture more value from its gold sector, with the Bank of Uganda signing a contract with Euro Gold Refinery to supply refined gold under a domestic purchase programme designed to strengthen foreign exchange reserves, curb smuggling and lift the earnings of …

The Democratic Republic of Congo has launched its first state-backed gold refinery in an effort to bring order to a sector long plagued by smuggling, conflict financing and informal trade in the country’s mineral-rich east. The facility is the product of a joint venture between state-owned DRC Gold Trading SA …

NAIROBI – Kenya is positioning its long-dormant mining sector as the next frontier of national economic growth, moving to capitalize on massive mineral discoveries that experts believe could rival the country’s storied tourism industry. With the recent unearthing of gold and rare earth element (REE) deposits valued in the tens …

Tanzania is aggressively repositioning the State Mining Corporation (STAMICO) as a formidable commercial entity, signalling a strategic shift toward direct state participation in large-scale mining operations. This move, unveiled during a parliamentary session on January 16, 2026, aims to elevate the corporation from a regulatory and supportive body to an …

As governments are increasingly seeking to capture more value from their natural resources, particularly gold, Ethiopia has secured $340 million in development financing for its long-delayed Tulu Kapi gold project. The development comes as the government is actively reforming the sector, reducing taxes and simplifying licensing, to capture more foreign …