US EditionCentral Bank of Egypt and Afreximbank Sign a Memorandum of Understanding for the Establishment of a Gold Bank Programme in Egypt
The gold bank aims to formalize value chains, strengthen reserves, and reduce reliance on foreign hubs with participation from multiple African countries, officials said.
- On 30 December 2025 at the Central Bank of Egypt in Cairo, a Memorandum of Understanding to establish a pan‑African Gold Bank was signed by H.E. Mr. Hassan Abdalla and Dr. George Elombi.
- The initiative aims to formalise Africa's gold value chains, strengthen central bank reserves and reduce Africa's reliance on foreign refining and trading hubs, aligning with efforts to support domestic manufacturing and deepen regional integration.
- The partners will commission a feasibility study to assess technical, commercial and regulatory requirements and plan an internationally accredited refinery, secure vaulting facilities and financial services in a designated free zone in Egypt.
- Building up continental gold stock aims to enhance Africa's resilience, improve currency stability, and create wealth, while Egypt's strategic geographic location positions it as a potential hub, subject to study outcomes and subsequent approvals.
- Afreximbank reported total assets of over US$40.1 billion and shareholder funds of US$7.2 billion, supporting AfCFTA with a US$10 billion Adjustment Fund, PAPSS, FEDA, AfrexInsure, and investment-grade ratings.
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12 Articles
Central Bank of Egypt and Afreximbank Sign a Memorandum of Understanding for the Establishment of a Gold Bank Programme in Egypt
Cairo, Egypt, 30th December 2025 - The Central Bank of Egypt (CBE) and African Export - Import Bank (Afreximbank) yesterday signed a Memorandum of Understanding (MoU) for the establishment of a pan African Gold Bank. This strategic initiative aims to formalise gold value chains, strengthen Central Bank reserves and reduce Africa's reliance on foreign refining and trading hubs.
Egypt and Afreximbank Launch Pan African Gold Bank Initiative
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/egypt-and-afreximbank-launch-pan-african-gold-bank-initiative/Africa has taken a strategic step toward reshaping how its gold is refined, stored and traded after the Central Bank of Egypt and African Export-Import Bank signed an agreement on Monday to establish a pan-African Gold Bank. The memorandum of understanding was signed in Cairo by Central Ban…
Egypt to host pan-African Gold Bank
Egypt’s central bank and the African Export-Import Bank (Afreximbank) have signed an agreement to set up a pan-African Gold Bank in Egypt. The initiative aims to formalise gold value chains, strengthen central bank reserves and reduce Africa’s reliance on foreign refining and trading hubs, according to a statement. Under the agreement, the two institutions will commission a feasibility study to assess the technical, commercial and regulatory req…
Dr. Mohamed Rizk, member of the Egyptian Senate, commented on the signing of the memorandum of understanding between the Central Bank of Egypt and the African Export-Import Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…
CBE & Afreximbank to Create Pan-African Gold Bank
The agreement sets out a feasibility study for an integrated Gold Bank ecosystem in an Egyptian free zone, including refining, vaulting, and related services. CBE and Afreximbank Sign MoU in Cairo The Central Bank of Egypt (CBE) and African Export–Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) for the establishment of a pan-African Gold Bank programme in Egypt. The MoU was signed in Cairo on 30 December 2025. According…
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