Recently a report was published that China has bought the country’s Gold Mining Facilities, Gold Stocks, and Gold reserves in Botswana by paying $1.5 Billion USD. Because recently China’s investment has been continuously increasing in Africa, South Asia, and South America. The work which the US had done 10 years ago, is now being done by China and its allied countries for the last 3 years due to the war in Africa and the Middle East. As of today, these claims of China’s banks and domestic companies say that China will have the largest gold reserve after 2025 which will be 10% more than America. China has recently increased its investments in South and Central Africa. China has expanded its reach into Africa to supplement its supply of gold, gold mining, minerals, copper, iron, gold, manganese, and other base metals.
Why US, Europe, Russia, and China investing in Africa?
China is currently buying Gold Facilities from us in order to strengthen its Renewable Energy, Mineral, Building Refineries, and its links with Africa, and in return, it is giving Technology, Refineries, and Development types of equipment. Even though there are gold mines and renewable energy sources in Africa, Africa cannot achieve anything in Africa without US and China. There always China, Africa, and Europe have always been spending money on African gold, mining, equipment, corridors, and technology. But after the killing of Gaddafi and the withdrawal of the French & US Army, China is now eyeing the energy and gold mining of Africa. Now perhaps in the coming few years, China may also make big investments in Ghana, South Africa, Tanzania, Sudan, Burkina Faso, and Mali. Now BRICS has become a very important group for China & Russia to introduce gold-backed currency under BRICS and spend huge amounts of money in Africa.