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DjQwequ Blog of Monday, 7 April 2025

Source: Emmanuel Jacob Amissah

"We won't export our raw golds anymore. Our people must first benefit from it" - Ibrahim Traore tells international market

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Ibrahim Traoré, the 37-year-old president of Burkina Faso, is taking bold steps to reclaim control over the country's rich gold resources. He's nationalized two significant gold mines and stopped exporting raw gold to Europe, opting to process it locally instead. This move aims to boost the country's economy and empower its people.

Traoré's government has initiated the construction of a new national gold refinery, capable of processing 150 tonnes of gold annually. This will create jobs and stimulate local industries. By processing gold locally, the country aims to retain more wealth and drive economic growth.
"We won't export our raw golds anymore. Our people must first benefit from it," Traoré declares. This stance is a clear message to the international market: Burkina Faso is taking control of its resources and prioritizing its people's prosperity.

Traoré's presidency has been marked by a shift in foreign alliances, with Burkina Faso distancing itself from France and building stronger ties with Russia and Turkey. His leadership style has drawn comparisons to Thomas Sankara, a former Burkina Faso leader known for his revolutionary ideas and emphasis on national pride.

The country faces ongoing threats from militant Islamists, which have resulted in significant violence and displacement. Despite progress, Burkina Faso still struggles with poverty and human development challenges. Traoré's determination to break away from Western influence and prioritize national sovereignty has garnered significant attention across Africa. His approach is seen as a declaration of economic independence, inspiring other countries to reevaluate their resource management strategies.