Gold has long been a symbol of wealth and stability. For many African nations, gold reserves are not just a measure of economic strength but also a safeguard against financial uncertainties. These ...

Gold, like all elements, formed through high energy reactions that occurred in various cosmic and space environments some 13 billion years ago, when the universe started to form. However, gold ...

North African nations are still dominating the continent in their gold reserve supply. With the global economy facing new shifts almost daily, many banks are relying on their gold reserves to remain ...

But whereas investors typically see the U.S. dollar as one such safe haven, they have increasingly become concerned over its stability, especially since the passage of Trump’s recent spending plan, ...

NAIROBI (Reuters) -Sub-Saharan African central banks that have added gold to their reserves in recent years could face price and liquidity crises if the value of the precious metal slides, BMI, a unit ...

The Central Bank of Egypt (CBE) and Afreximbank have joined forces to launch Africa’s first pan-African Gold Bank.imageThis historic initiative, formalised through a Memorandum of Understanding signed ...

The Gold Bank initiative aligns with Egypt’s long-term vision to expand strategic partnerships with African nations and ...

Billons of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world, according to a report ...

The United Arab Emirates has been the main destination for tens of billions of dollars worth of gold smuggled out of Africa each year for the last decade, a new study published Thursday claims. The ...

The African Export–Import Bank and the Central Bank of Egypt have signed a Memorandum of Understanding for the African Gold Bank in Egypt.This was disclosed in a statement on Tuesday, indicating that ...