Gold, Oil and Revolution in North Africa

Roman Grynberg () and Fwasa K. Singogo ()
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Roman Grynberg: University of Namibia
Fwasa K. Singogo: University of Namibia

Chapter Chapter 6 in African Gold, 2021, pp 185-215 from Springer

Abstract: Abstract This chapter considers the role that gold production and trade has played in the political transformation of previously oil dependent economies of North Africa. It examines the trade in gold from two African countries, Libya and Sudan which according to the United Arab Emirates (UAE) import figures are the two largest exporters to the UAE from the African continent. Sudan which is the third largest gold producer on the African continent, reportedly exports gold to the UAE, based on 2016 prices at the lowest price of any African gold exporting country. It is argued that the economic transformation of Sudan from oil dependence to dependence on gold from small scale mining was, in no small part, the economic cause of the collapse of the al-Bashir government in 2019. Libya the other country considered, produces very little gold except in its recently discovered gold field straddling the Chadian border. Libya now lists gold as its second largest export and yet it is reported by the UAE to have exported 81 tonnes in 2016. The chapter considers the role of gold as a cause of the 2011 intervention by France in Libya as well as the role that gold trade plays in the trans-Mediterranean smuggling of refugees and economic migrants.

Keywords: Gold Exports; UAE; Libya; Sudan (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65995-0_6

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DOI: 10.1007/978-3-030-65995-0_6

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