International Report: Egypt is among the 10 largest African countries in gold reserves
The platform & quot; Business Africa & quot, that Egypt came among the list of the 10 largest African countries in gold reserves at the beginning of 2025, where it has a strong reserve that supports economic growth and development plans, according to a report by the World Gold Council.
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The platform – which conveyed the report – confirmed that gold reserves play a vital role in foreign exchange reserves for African central banks, and provides a safety network during the state of economic uncertainty.
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and Libya comes within The list is with reserves that provide a safety network against economic shocks and maintain the confidence of investors, and South Africa is a major gold product, which represents a hedge against the economic recession. It also provides Africa’s status – as an important area for gold production – a solid basis for its central banks to increase its ownership of gold.
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The report pointed out that the increasing importance of gold reserves in Africa was closely related to the expanding economies of the continent and increased integration in the global economy.
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as The list included Morocco, indicating its commitment to diversify its foreign exchange reserves and enhance economic stability, as well as Tunisia, then Nigeria in West Africa, followed by Mauritius and finally Mozambique, both in East Africa.
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The unique characteristics of gold – including its safety, the position of its liquidity and its capabilities to the revenue – make an attractive origin for the central banks that seek to manage their reserves effectively – as an essential element in the reserves of those banks.
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The last rise in gold prices can be attributed to a set of factors, including increasing geopolitical tensions, increased central bank purchases, and the beginning of cash facilitation in the United States.
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P> The reputation of gold has been strengthened as a safe origin through its performance in recent years, with investors seeking to resort to the yellow metal amid a state of geopolitical uncertainty.
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