Commodities
Africa's Gold Rush: Countries Without Mines Cash In On Record Bullion Exports
African countries that don't mine gold are experiencing record bullion exports this year.
The surge in gold prices to all-time highs has led investors to seek out alternative sources of the metal, and Africa is cashing in on this trend.
According to Bloomberg, the UAE imported about $99 billion of gold from Africa in 2025, with countries such as South Africa and Ghana being major suppliers.
The increased demand for gold has led to a significant increase in exports from these countries, despite not having their own gold mines.