Senegal’s president orders formation of National Gold Trading Centre

Senegal’s President Bassirou Diomaye Faye on Wednesday ordered the formation of a National Gold Trading Centre to assert greater state control over the precious metal.

Faced with massive illegal gold exports that have drained billions from the national economy, he labelled the move as a “sovereign imperative”.

A study last year by Swiss NGO, SWISSAID, showed that that between 2013 and 2022, approximately 36 to 41 tonnes of gold…