Traore Turns Burkina Faso’s Gold Mines Into State-Backed National Assets | Firstpost Africa | N18G

Burkina Faso’s military government under Ibrahim Traore is tightening state control over the country’s multi-billion-dollar gold industry, reshaping ownership and reducing foreign dominance in the sector. Reports suggest more industrial gold mines are now controlled by Burkinabe companies and the state, while new mining reforms aim to keep more profits inside the country. Traore’s administration is also building a sovereign investment fund to channel gold revenues into long-term industrial development. The strategy comes as Burkina Faso battles insecurity and rising economic pressure. Analysts say the country is becoming one of the clearest examples of Africa’s growing wave of resource nationalism.

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