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Gold Rush Amidst War: Sudan’s Economy soars as Gold Revenues Reach 113% Khartoum, Sudan — Amidst the protracted civil war that has gripped Sudan since 2019, the nation’s gold sector has emerged as a beacon of economic resilience.
The Sudanese Mineral Resources Company (SMRC) reported that artisanal gold revenues soared to 113% of projected targets in the first quarter of 2026, a stark contrast to the economic turmoil engulfing the country. This surge in gold production, which reached 89% of planned output, has solidified gold’s position as Sudan’s main economic lifeline.
The precious metal now accounts for over 58% of the country’s total export value, a significant shift from Sudan’s traditional reliance on oil exports.
The Sudanese government is leveraging the mining sector as a pivotal opportunity for economic recovery and is actively courting foreign investment. Despite the ongoing conflict, the sector has continued to attract international players, notably from Russia, China, Canada, and Gulf states.
However, the protracted armed conflict has led to withdrawals and hesitation from other investors, particularly from the United States.
In a bid to bolster the national economy, the Sudanese government has taken steps to improve environmental safety standards and expand digital governance in the mining sector. Nevertheless, the informal nature of artisanal mining, which dominates production, remains a concern. It contributes to the conflict and hinders peace efforts, while also limiting state revenue collection and weakening export controls.
The Central Bank of Sudan (CBoS) has implemented stricter control measures to ban the export of gold by government agencies, individuals, and companies, excluding concession companies operating in mining. Despite these measures, smuggling continues to undermine the country’s official export revenues, with estimates suggesting that between 321 and 474 tonnes of African gold are smuggled annually, valued at between $24 billion and $35 billion.
The Sudanese government’s efforts to attract foreign investment and stabilize the economy through the mining sector are commendable, but the challenges posed by the informal nature of artisanal mining cannot be overlooked.
The path to sustainable economic recovery in Sudan remains fraught with complexities, and the future of the nation’s gold mining sector is closely tied to the resolution of the ongoing conflict.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Olamilekan Okebiorun
