The Central Bank of Egypt and the African Export-Import Bank have signed a memorandum of understanding to launch a project for a pan-African gold bank. The initiative aims to structure Africa’s gold sector, strengthen central bank gold reserves, and reduce the continent’s dependence on foreign refining and trading circuits.

The Central Bank of Egypt and Afreximbank signed the agreement on Tuesday, December 30, 2025, in Cairo. The memorandum establishes the foundations for a new model of African gold management. The agreement provides for a feasibility study to assess the technical, regulatory, and commercial conditions required to establish a gold banking ecosystem.

For more information, please see https://www.ecofinagency.com/news-finances/0501-51759-afreximbank-and-egypt-lay-groundwork-for-pan-african-gold-bank