Afreximbank has floated a Pan-African Gold Bank to refine, store and trade Africa's gold at home, strengthening reserves and cutting reliance on foreign hubs.
AFRICA · MARKETS
Key Facts
—The idea: Afreximbank has floated a Pan-African Gold Bank to refine, store and trade Africa’s gold on the continent rather than abroad.
—The aim: The plan would structure African gold value chains, strengthen central-bank reserves and cut reliance on refining and trading hubs overseas.
—The shape: The proposed ecosystem would include a globally accredited refinery, secure storage and trading services, possibly in a free zone in Egypt.
The bank continues to champion the Pan-African Payment and Settlement System, also backed by Kenya and the MANSA digital…
The African Export–Import Bank (Afreximbank) is stepping up its Caribbean ambitions, courting Jamaica as part of a broader push…
The African Export-Import Bank's latest report highlights the urgent need for Africa to diversify its economies, enhance regional…
Africas leading gold-producing nations could be among the biggest beneficiaries of a historic shift in global reserve management…
Public-private partnerships that align infrastructure strategies with trade, integration, and long-term economic transformation…
The Afreximbank has secured a long-sought investment grade rating from S&P Global Ratings, a move that will lower its borrowing…
