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Executive Director of Tropical General Investments (TGI Group), Mudassir Amray, has described gold as both a metal of strategy and an inflation firewall for African economies.
He made this statement during his keynote presentation at the Gold Roadshow Africa, which gathered central bankers, policymakers, and institutional investors to discuss Africa’s expanding influence in the global gold value chain.
Speaking on the theme: “The bridge between trust, value and financial sovereignty for Africa,” Amray noted that the recent surge in global gold prices surpassing $4,300 for the first time, signals a broader shift in global trust, capital flows, and economic power.
“For a long time, gold was admired mainly for its beauty,” he said. “Today, it represents strategic value politically neutral, instantly liquid, and a strong shield against inflation and currency decline.”
Amray emphasized that although Africa produces over 40% of the world’s gold, it captures less than 2% of the financial value. He urged African countries to prioritize value addition and industrial development. Commending the work of Kian Smith Gold Refinery, he highlighted it as a significant step toward retaining more economic value within the continent.
After his keynote, he participated in a panel discussion with Bolaji Balogun, Founder and CEO of Chapel Hill Denham, moderated by Bode Oyetunde of the African Development Bank (AfDB). The conversation explored the policy, infrastructure, and investment frameworks required to better integrate gold into Nigeria’s financial ecosystem.
The Roadshow ended with a collective resolve among participants to enhance policy coordination, encourage private sector investment, and support local gold processing to drive inclusive and sustainable growth across Africa’s gold value chain.
