Ibrahim Traore Just Made Another Brilliant Move That Will Transform Burkina Faso.

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For a long time, Burkina Faso has been among the top gold-producing countries in Africa, with gold as its leading export product. Unfortunately, as President Ibrahim Traore started, “Burkina Faso has had no control over the gold until now. When Ibrahim Traore took over the reins of leadership in 2022, he made it known that aside from combating the insecurity crisis in the country, his other focus would be taking charge of the country’s resources to ensure that they benefit the people. This is why he has taken a particular interest in Burkina Faso’s gold mining Industry which has been left in the hands of foreign companies and jihadists. So, what system has Ibrahim Traore put in place to control the mining industry and what actions has he taken regarding gold production since he came to power? Let's find out in this video.

On Wednesday 21st of February 2024, Burkina Faso's newly appointed mines minister, Yacouba Zabre, announced that the country has suspended exports of gold and other precious metals by artisanal mining in a bid to "better organize" the mining sector. This suspension is with immediate effect and it follows the need to clean up the sector and reflects the government’s desire to better organise the marketing of gold and other precious substances. The Mines Minister didn't say how long the suspension would last but added that groups who have material to export are invited to reach out to the National Society for Precious Commodities (SONAP) for compensation. This decision by the military government of Burkina Faso is in line with similar decisions made by other African countries such as Zimbabwe and Namibia which placed a ban on the export of unprocessed minerals including lithium.