Managem Group, the Moroccan mining giant owned by Al Mada, the investment holding of King Mohammed VI, has unveiled plans to invest $750 million to significantly scale up its gold production across Africa.
The company aims to increase output by 134% to around 500,000 ounces annually by 2030, positioning itself as a dominant player in Africa’s fast-growing gold mining sector, as reported by Billionaires Africa.
The expansion will be driven by a pipeline of new and existing projects across multiple countries, including major developments in Gabon and Guinea, alongside ongoing operations in markets such as Sudan, the Democratic Republic of the Congo, and Senegal, according to CediRates.
The investment follows a surge in profitability, with Managem’s net profit rising 384% to over $322 million in 2025, largely fuelled by strong global gold prices and increased production volumes.
