African king leads $750 million investment to boost gold production in 5 countries

By Olamilekan Okebiorun Business Insider Africa, New York Friday, April 3, 2026 Morocco's Managem Group, owned by Al Mada, the royal family's investment office under King Mohammed VI, Africa's wealthiest monarch, has committed $750 million to increase its gold production by 134% across its mining operations in Africa by 2030. ... Dispatch continues below ... ... ADVERTISEMENT ... USA Gold: Coins and Bullion Since 1973 USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: http://www.USAGold.com USAGold: Great prices, quick delivery -- all the time. This expansion aims to increase gold production from 213,000 ounces in 2025 to 500,000 ounces annually by 2030, following a remarkable 384% growth in net profit, which reached $322 million in 2025, driven by rising gold prices. King Mohammed VI, Africa's wealthiest monarch with an estimated net worth of $5 billion, continues to shape Morocco's economic future through strategic investments like those in Managem. With a market valuation exceeding $10 billion, the company is establishing itself as a dominant force in Africa's rapidly expanding mining sector. ... ... For the remainder of the report: https://africa.businessinsider.com/local/markets/africas-wealthiest-king-leads-dollar750-million-investment-to-boost-gold-production/yd907bh * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of US$500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png