Another Big Win For Ibrahim Traore After He Made This Brilliant Move

Another Big Win For Ibrahim Traore After He Made This Brilliant Move Burkina Faso has been one of Africa’s leading gold-producing countries for a significant period, with gold serving as its primary export. However, President Ibrahim Traore acknowledged that the country has lacked control over its gold resources until now. Assuming leadership in 2022, President Ibrahim Traore made it clear that in addition to addressing the country’s security crisis; he would prioritize managing the nation’s resources for the benefit of its people. Consequently, he took a keen interest in Burkina Faso’s gold mining industry, which had been predominantly controlled by foreign companies and influenced by jihadist groups. To establish control over the mining industry, President Ibrahim Traore implemented a comprehensive system. Consequently, Burkina Faso’s newly appointed mines minister, Yakuba Zabre, made an announcement that the country has suspended the export of gold and other precious metals obtained through artisanal mining. This suspension takes immediate effect and aims to enhance the organization of the mining sector. The decision to suspend exports is a response to the need for sector cleanup and reflects the government’s aspiration to better regulate the marketing of gold and other valuable substances. The duration of the suspension was not specified by the mines minister; however, groups with materials for export were encouraged to contact the National Society for Precious Commodities (Sonap) for compensation. President Ibrahim Traore’s actions and the initiatives undertaken by the mines minister demonstrate the government’s commitment to ensuring that Burkina Faso’s gold resources are managed in a manner that benefits the nation and its people. By implementing measures to enhance control and organization, the government aims to establish a more transparent and sustainable mining sector in Burkina Faso. The military government of Burkina Faso has followed the footsteps of other African countries like Zimbabwe and Namibia by implementing a ban on the export of unprocessed minerals, including lithium. This decision aligns with similar actions taken by these countries.