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Africa: Africa Stands to Benefit From Gold Rally Amid Global Instability

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The arrest of Venezuelan President Nicolás Maduro by the Trump administration has added a new layer of geopolitical uncertainty, reinforcing gold’s role as a global safe-haven asset and pushing prices to record levels.
Gold rose more than 2.5% on January 5, climbing to nearly $4,450 an ounce. Since the start of 2025, prices are up 65%, and have gained more than 130% since Russia’s invasion of Ukraine in 2022. Morgan Stanley expects gold to reach $4,800 an ounce by the end of 2026, while JPMorgan has flagged the possibility of prices exceeding $5,000.
Rising geopolitical tensions, US trade disputes, and lower interest rates have weakened the dollar and reduced the appeal of US bonds. Central banks have also accelerated purchases as part of a broader move away from dollar dependence. According to the World Gold Council, central banks bought 1,045 tonnes of gold in 2024, marking a third consecutive year above 1,000 tonnes.
Africa, which produces about 1,000 tonnes of gold annually, stands to benefit from higher prices through stronger export revenues, improved reserves, and higher fiscal receipts, particularly in gold-dependent economies such as Ghana, Mali, and Burkina Faso.
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Key Takeaways
Gold’s surge is reshaping Africa’s economic outlook at a time of global instability. While no African country ranks among the world’s top producers, the continent accounts for roughly 25% of global output, making price movements highly consequential. Higher gold prices directly boost export earnings and tax revenues. In major producing countries, mining-related taxes and royalties account for a significant share of public income. For Mali and Burkina Faso, gold represents close to 80% of total export value, magnifying the impact of price gains. Central bank behavior adds another layer. While most sub-Saharan African countries hold limited gold reserves, some are beginning to follow global dedollarization trends. Ghana increased its reserves from 19.5 tonnes to 30.3 tonnes in 2024, and a new pan-African gold bank backed by African Export-Import Bank and the Central Bank of Egypt aims to deepen gold-backed financial systems. Still, risks remain. Efforts to raise state take through tougher mining codes may deter investment over time. In the short term, Africa gains from higher prices. Over the longer term, sustaining output and attracting capital will determine whether the gold boom translates into lasting economic stability.
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Read the original article on Daba Finance.
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Africa: Afcon 25 – Full List of Top Scorers Ahead of Semi Finals

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Morocco’s Brahim Díaz currently leads the goalscoring chart at the 2025 Africa Cup of Nations (AFCON), having netted five goals so far in the tournament.
The Real Madrid forward has been a key figure in the host nation’s run to the semi-finals, delivering decisive performances across his appearances.
Díaz is closely followed by two players still in contention for the title, with Nigeria’s Victor Osimhen and Egypt star Mohamed Salah both on four goals apiece. Their presence in the semi-finals underlines the fierce competition among Africa’s elite forwards as the tournament enters its decisive phase.
With two matches remaining for the finalists, the race for the Golden Boot remains wide open ahead of the last-four clashes.
Full list
5 goals
4 goals
3 goals
Read the original article on Vanguard.
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Africa: Rwanda's Bruce Melodie Links Up With Diamond Platnumz & Joel Brown to Drop Pan-African Anthem 'Pom Pom'

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Rwanda’s musical powerhouse, Bruce Melodie, has linked up with Tanzanian Bongo star Diamond Platnumz & Nigerian Afrobeats sensation Joel Brown to drop “POM POM“. Released via 1:55 AM Entertainment, this dynamic collaboration delivers a fusion of Afro-pop, Bongo Flava & Afrobeats, creating a vibrant pan-African anthem that promises to energize audiences across the continent and beyond.
Produced by Ghanaian hitmaker C-Tea Beat, “POM POM” is a celebration of Africa’s musical diversity. The track fuses the distinct styles of three African superstars into a pan-African anthem, blending Afro-pop melodies, Bongo Flava rhythms and Afrobeat undertones. Featuring trilingual lyrics in Kinyarwanda, Swahili and English, “POM POM” captures themes of connection, unity and celebration, creating an unforgettable sound that resonates across the continent and global playlists.
Bruce Melodie shares with fans, “This collaboration celebrates Africa in all its colors — three voices, three countries, one anthem. ‘POM POM’ is more than a song; it’s a movement, a reminder that music connects us no matter where we come from.”
The official music video, directed by Rwanda’s Fayzo Pro (Kigali scenes) and Uganda’s Sasha Vybz (Dar es Salaam scenes), captures the cultural richness of both cities, juxtaposing Rwandan heritage motifs with Tanzanian urban landscapes. The visual storytelling elevates the track’s message of unity and shared joy, providing an immersive and vibrant pan-African experience.
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Marking their first-ever collaboration Bruce Melodie, Diamond Platnumz and Joel Brown chemistry emerged organically from mutual respect and admiration among the artists. Bruce Melodie and Diamond Platnumz, both long standing icons in East Africa, expressed interest in working with Nigeria’s rising Afrobeats star Joel Brown, while producer C-Tea Beat ensured the creative vision seamlessly bridged their unique styles creating a rich, energetic and immersive listening experience.
With “POM POM,” Bruce Melodie, Diamond Platnumz, and Joel Brown showcase their versatility and ability to create pan-african musical magic. The single is a celebration of African creativity, bridging generations, genres, and fanbases, and is poised to become the definitive summer anthem of 2025.
Read the original article on Capital FM.
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Africa: AU Officials Call for Stronger Solidarity As Africa Confronts Rising Security, Political Challenges

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Addis Ababa — African Union (AU) officials have underlined that unity and close collaboration among Member States are indispensable to confronting the continent’s mounting security, political and economic challenges.
The 51st Ordinary Session of the AU Permanent Representatives Committee (PRC) opened today at the AU headquarters in Addis Ababa.
Held under the theme “Assuring Sustainable Water Availability and Safe Sanitation,” the session brings together ambassadors accredited to the African Union, senior officials of the African Union Commission and representatives of various AU organs to review pressing continental issues ahead of the next AU Summit.
Addressing the opening session, Chairperson of the African Union Commission (AUC) Mohammed Ali Youssouf said the upcoming 39th Ordinary Summit of the African Union is scheduled to take place from February 14 to 16, 2025.
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He noted that the summit will focus heavily on peace and security challenges, particularly the situations in eastern Democratic Republic of the Congo, Sudan and Libya.
“The Commission will endeavor to use all available means to find solutions,” Youssouf said. He added, “The Peace and Security Council will act promptly and dynamically to address the various crises facing our nations.”
The Chairperson further stressed that the current international environment has become increasingly complex, making solidarity among African countries more critical than ever.
He urged Member States to adjust to present realities and strengthen reliance on domestic resources while safeguarding collective interests.
Chairperson of the PRC to the African Union, Ambassador Professor Miguel Cesar Domingos Bembe, echoed these concerns, pointing to persistent and unresolved conflicts across the continent.
“Unresolved conflicts continue to plague regions such as eastern Democratic Republic of the Congo, Sudan, Libya and the Sahel,” Bembe said.
He also noted that Madagascar has recently experienced an unconstitutional change in government, while Benin narrowly avoided a similar crisis.
Bembe emphasized the Commission’s determination to address peace and security challenges using all available mechanisms, including the work of Commissioners, Special Envoys and the Panel of the Wise.
“The Peace and Security Council is acting with necessary speed and dynamism to respond promptly to various crises,” he stated.
He further highlighted ongoing institutional reforms, particularly within the peace and security architecture, aimed at strengthening stability and resilience across the continent.
Referring to the broader global context, Bembe said declining financial resources, rising tariff barriers and restrictive visa regimes are increasingly affecting African countries and limiting the free movement of people.
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He called on Member States to remain adaptable, promote self-reliance and sustain strategic partnerships, even as global trends shift toward protectionism and unilateralism.
Delegates are expected to review the agenda over the next fifteen days, with the African Union Commission providing technical and administrative support throughout the process.
Read the original article on ENA.
AllAfrica publishes around 500 reports a day from more than 120 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
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