Harare – Zimbabwe has 4.48 tonnes gold reserves, the government announced on Monday.
President Emmerson Mnangagwa inspected the gold reserves at the Reserve Bank of Zimbabwe in central Harare.
”The country’s gold reserves stand at 4,48 tonnes, making Zimbabwe the 11th country on the African continent with the largest reserves, ” George Charamba, Mnangagwa’s spokesman said on X.
”In SADC is in the third position after South Africa with 125,5 tonnes, and Mauritius with 12,4 tonnes.”
Zimbabwe is one of the countries in Africa that has large deposits of gold in many areas.
However, some of the gold is smuggled out of the country which is attributed to corruption by high ranking officials.
Zimbabwe is facing an economic crisis, high unemployment and political crisis following efforts to extend Mnangagwa’s term from 2028 to 2030 which is facing resistance.