Gold reserves - Intelpoint

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North and Southern Africa grew their reserve in 2023, while West, East, and Central Africa saw declines

North Africa dominates with 53.8% of Africa’s total reserves.
West Africa holds 17.6%, despite economic challenges.
Southern Africa accounts for 20.3%, benefiting from strong reserves in South Africa.
East Africa lags behind with 4.4%, indicating lower reserve accumulation in the region.
Central Africa holds the smallest share at 4%, reflecting economic struggles and weak financial buffers.

In 2023, Libya and Algeria topped Africa’s reserves, as Egypt faced decline

Libya leads Africa’s reserves with $92.4B, followed by Algeria ($81.2B) and South Africa ($62.5B).
Morocco $36.3B reserve places it fourth among African nations.
Egypt’s holds $33.1B, maintaining a strong reserve position.
Angola ($13.9B), Tunisia ($9.24B), Kenya ($7.34B), Mauritius ($7.25B), and DR Congo ($5.1B) round out the top 10.
Libya and Algeria’s strong reserves highlight North Africa’s dominance in the Black continent reserve.

Five of the top tep African countries with the largest gold reserves are North African

Half of the top 10 African countries with significant gold reserves come from North Africa, with Algeria leading with 174 tonnes. Egypt and South Africa come in second and third with 126 tonnes and 125 tonnes, respectively. Algeria, Egypt, South Africa, and Libya hold the most significant gold reserves.