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

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

  1. Africa need more presindent like that ….! With respect please just said Africa beloved presindent, Instead ( Militry President ) his presidentship needs respect.

  2. Muilticooperate multinationals theft Africa raw eroupean company stole from Africa France British and Dubai Americans through muilticooperate are not African partnering .it time for Africa gold stay in Africa not eroupean or Americans or other countries and UAE Dubai Ravegeous of African and must be returned to Africa immediately and puppets leader who exchanged for food Pitty AID Peanut and eroupean formal colonizers kept in vault repatriation Allies now

  3. About time the French got kicked out because Burkina Faso's gold should always have been their's NOT the colonial control like France. NO RISK. it didn't export IT WAS STOLEN. F*** off France.

  4. Ah no wonder why the west is working hard on trying to tarnish Captain Traore image and paint him as a dictator.

    As usual you’re a “dictator” if you protect the sovereignty and resources of your non-white nation and a “hero” if you oppress and leave our people in poverty and instability as long as gold, lithium and uranium is flowing to The West.

    As was said in Frank Herbert’s Dune, “The Spice must flow.”

  5. Its like they are feeling the pain they won't be getting their gold necklaces again for cheap.

    The journalist has been affected personally….

    The western media is only happy when African kids die n labour in mines….now that there is control they feel the pain

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