77 kg of gold were seized from three people, French, Canadian and Belgian respectively, at the Ouagadougou International Airport, Burkina Faso, Xinhua reported on Saturday.
This gold mainly comes from modern and artisanal mining which generate nearly €2.3 million (about FCFA1.5 billion) according to sources from Ministry of mining.
Interrogation of the arrested revealed that they came to Burkina Faso to “fraud” and export 77 kg of the ore, Secretary General of Ministry of Mining, Emmanuel Nonyarma told the press.
Burkina Faso currently depends on the booming gold industry where nearly 1.2 million people have been counted on the gold-mining sites and where more than a hundred died since 2010 to landslides.
In 2013, it was reported that Gold mining represented 12% of Burkina’s GDP adding about 192 billion FCFA (€295 million) to state’s budget.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
GTCO completed a 10-billion-naira private placement on January 30, 2026. The deal involved 125 million new shares issued at 80 naira each. The capital...
Sonangol raised $750m via its debut international bond, a five-year private placement, marking a key step in Angola’s return to global debt...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and expansion strategies Fintech leads deals as “Big Four”...
Niger junta accuses France, Benin, Côte d’Ivoire of backing attack Gunfire reported near Niamey airport amid ECOWAS tensions Border closure with Benin...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...