Amray cites gold as strategic for Africa
An executive from Tropical General Investments Group, Mudassir Amray, has identified gold as a strategic metal and an essential protection against inflation for African economies. Speaking at the Gold Roadshow Africa, he noted that gold’s recent price surge reflects a global shift in trust and capital. He observed that although Africa produces a large portion of the world’s gold, it captures a very small percentage of its final financial value.
Amray advocated for a greater focus on domestic value addition, commending local refineries like Kian Smith for their initiatives. Following his address, he participated in a high-level dialogue regarding the policy and investment frameworks required to integrate gold into Nigeria’s financial system.
The event concluded with participants agreeing to strengthen policy alignment and promote local processing. This shared commitment aims to foster sustainable growth throughout the continent’s gold value chain.
