https://en.sputniknews.africa/20260205/securing-wealth-financing-trade-africas-gold-bank-plan--strategic-equity-in-development-funds-1083163825.html
Securing Wealth, Financing Trade: Africa’s Gold Bank Plan & Strategic Equity in Development Funds
Securing Wealth, Financing Trade: Africa’s Gold Bank Plan & Strategic Equity in Development Funds
Sputnik Africa
This episode explores two bold, interconnected strategies showcasing how Africa is moving decisively to shape its own economic destiny: South Africa’s pivotal... 05.02.2026, Sputnik Africa
2026-02-05T16:04+0100
2026-02-05T16:04+0100
2026-02-05T16:04+0100
pan-african frequency
sputnik africa
africa
podcasts
south africa
afreximbank
gold
de-dollarization
multipolarity
african continental free trade area (afcfta)
https://cdn1.img.sputniknews.africa/img/07ea/02/05/1083163648_0:67:1280:787_1920x0_80_0_0_f90a1380c9c7b460e3cc981b6780571a.jpg
Securing Wealth, Financing Trade: Africa’s Gold Bank Plan & Strategic Equity in Development Funds
Sputnik Africa
This episode explores two bold, interconnected strategies showcasing how Africa is moving decisively to shape its own economic destiny: South Africa’s pivotal move to deepen control over pan-African trade finance through Afreximbank,and the proposal for a continental gold bank to reclaim monetary sovereignty.
South Africa, under President Cyril Ramaphosa, is leading a push to ascend to Class A shareholder status in the African Export-Import Bank (Afreximbank). At the signing of the country’s accession to Afreximbank, Sputnik Africa interacted with Stavros Nicolau, the CEO of the BRICS Business Council, to expound on the concrete significance of the event and what this means for South Africa’s collaborations with the other BRICS nations.Concurrent with this decisive move to command the levers of continental trade and industrialization is the continent’s consideration of establishing a gold bank to strengthen its central bank reserves. Africa, which supplies over 20% of the world’s gold, has historically exported its raw wealth only to rely on Western processing and trading centers. However, the proposed bank represents a paradigm shift. In an insightful conversation with Dr. Tafadzwa Ruzive, an expert in development finance from South Africa's Nelson Mandela University, he explained that by pooling reserves, the continent aims to create a powerful, shared asset base to back trade, stabilize currencies, and enhance collective bargaining power.Curious to hear more? Tune in to the full conversation on the Pan-African Frequency podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Pocket Casts, Afripods, and Podcast Addict► Check out all the episodes of Pan-African Frequency
africa
south africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2026
Adeola Oyewole
https://cdn1.img.sputniknews.africa/img/07e9/06/1e/1074889850_174:0:748:574_100x100_80_0_0_8f9b883efa50c8a20c5d57c79b195d1a.jpg
Adeola Oyewole
https://cdn1.img.sputniknews.africa/img/07e9/06/1e/1074889850_174:0:748:574_100x100_80_0_0_8f9b883efa50c8a20c5d57c79b195d1a.jpg
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Adeola Oyewole
https://cdn1.img.sputniknews.africa/img/07e9/06/1e/1074889850_174:0:748:574_100x100_80_0_0_8f9b883efa50c8a20c5d57c79b195d1a.jpg
sputnik africa, africa, podcasts, south africa, afreximbank, gold, de-dollarization, multipolarity, african continental free trade area (afcfta), development, trade, pan-africanism, central bank, reserves, cyril ramaphosa, swift, brics, economy, аудио
sputnik africa, africa, podcasts, south africa, afreximbank, gold, de-dollarization, multipolarity, african continental free trade area (afcfta), development, trade, pan-africanism, central bank, reserves, cyril ramaphosa, swift, brics, economy, аудио
Securing Wealth, Financing Trade: Africa’s Gold Bank Plan & Strategic Equity in Development Funds
This episode explores two bold, interconnected strategies showcasing how Africa is moving decisively to shape its own economic destiny: South Africa’s pivotal move to deepen control over pan-African trade finance through Afreximbank and the proposal for a continental gold bank to reclaim monetary sovereignty.
South Africa, under President Cyril Ramaphosa, is leading a push to ascend to Class A shareholder status in the African Export-Import Bank (Afreximbank). At the signing of the country’s accession to Afreximbank, Sputnik Africa interacted with Stavros Nicolau, the CEO of the BRICS Business Council, to expound on the concrete significance of the event and what this means for South Africa’s collaborations with the other BRICS nations.
“Afreximbank Bank, in partnership with our government [South Africa] through the Department of Trade, Industry, and Competition, is going to provide further financing options, export credit, which is important, not only in supporting the Free Trade Area, but also in supporting Africa's industrialization ambition [...] I see this as complementary. Part of what BRICS aims to achieve is strengthening economic partnerships, both within BRICS and also within the purview of those countries that trade with BRICS, but outside of BRICS. So, I see this as very complementary to all the other initiatives,” Nicolau remarked.
Concurrent with this decisive move to command the levers of continental trade and industrialization is the continent’s consideration of establishing a gold bank to strengthen its central bank reserves. Africa, which supplies over 20% of the world’s gold, has historically exported its raw wealth only to rely on Western processing and trading centers. However, the proposed bank represents a paradigm shift. In an insightful conversation with Dr. Tafadzwa Ruzive, an expert in development finance from South Africa's Nelson Mandela University, he explained that by pooling reserves, the continent aims to create a powerful, shared asset base to back trade, stabilize currencies, and enhance collective bargaining power.
“This move of a common gold pool harmonizes and creates the potential for the harmonization of the settlement of IMF and World Bank debts while preserving the wealth of African data countries and being more strategic about how they handle it[...] The African gold pool can become a prototype for a new gold-backed African reserve currency, which will fit in well with trade aspirations like the African Continental Free Trade Area (AfCFTA) and the Pan-African Payment and Settlement System (PAPSS) [...] This is a powerful step in the search for alternatives to the SWIFT system that will also enable the accelerated growth of trade between global South countries, namely those in the BRICS countries,” the scholar highlighted.
Curious to hear more? Tune in to the full conversation on the
Pan-African Frequency podcast, brought to you by
Sputnik Africa.In addition to the website, you can also catch our episodes on
Telegram.► Check out all the episodes of Pan-African Frequency 
