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.

North African nations dominate the rankings of Africa’s total reserves, which include gold, while sub-Saharan Africa’s reserves remain relatively low.
Libya, for example, leads the continent with an impressive $92.4 billion in reserves, solidifying its position as the country with the highest reserves in Africa. Following closely behind are Algeria with $81.2 billion and South Africa at $62.5 billion. Morocco comes in fourth with $36.3 billion in reserves, further cementing North Africa’s dominance in the rankings. Egypt also holds a strong position with $33.1 billion.
On the other hand, nations in sub-Saharan Africa, such as Angola ($13.9 billion), Tunisia ($9.24 billion), Kenya ($7.34 billion), Mauritius ($7.25 billion), and DR Congo ($5.1 billion), have far smaller reserves.

Source:

World Bank

Period:

2023
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