Moroccan King Invests $750 Million to Boost Africa's Gold Production | Firstpost Africa | N18G

As global tensions drive gold prices to record highs, Morocco’s King Mohammed VI is spearheading a $750 million investment to revolutionise Africa’s mining landscape. Channelled through the royal-owned Managem Group, this move aims to boost the continent’s gold production by 134%, targeting an annual output of 500,000 ounces by 2030. With flagship operations spanning from Sudan to Senegal, and new projects advancing in Guinea and the Ivory Coast, the initiative marks a pivotal shift in how African nations manage their natural wealth. Central banks in nations like Ghana, Tanzania, and Uganda are increasingly purchasing gold directly from local small-scale miners. By building domestic reserves and reducing reliance on the US dollar, Africa is leveraging its underground riches to create a robust 'golden shield' against global economic volatility and geopolitical shocks.

---

Morocco | King Mohammed VI | Gold Production | Managem Group | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

#morocco #goldproduction #managemgroup #firstpostafrica #africa #alysonlegrange #globalsouth #militarycoup #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost

Follow Firstpost on Website:
https://www.firstpost.com

Follow Firstpost on Instagram:
https://www.instagram.com/firstpost/

Follow Firstpost on Facebook:
https://www.facebook.com/firstpostin/

Follow Firstpost on X:
https://twitter.com/firstpost

Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V

Видео Moroccan King Invests $750 Million to Boost Africa's Gold Production | Firstpost Africa | N18G канала Firstpost