Burkina Faso makes more in revenue from Gold than all Somali states combined

[Barkhadle1520]

Burkina Faso made 4B$ from gold exports in 2023

Lets compare that to Somali states revenue/budget

FGS revenue in 2023 : 738M$

Puntland in 2023 : 376M$

Somaliland in 2023 : 358M$

And Djibouti is approximately 500M$

If you add all these its still 2B$

Burkina Faso has around the same population than Somalia and don't pull the Al shabaab excuse cause they're in a similar situation

Ibrahim Traore took over in 2022 and gold revenues have gone even higher up since they nationalized other gold mines in 2024

This highlights the failure that is Somalia's government, what were they doing since 2004 (or 2012 depending who you ask)

Im leaning towards the idea that Somalia cant be saved, the south is a shitshow and theyre just dragging other somalis down with them

 

[Midas]

View attachment 365419
Burkina Faso made 4B$ from gold exports in 2023

Lets compare that to Somali states revenue/budget

FGS revenue in 2023 : 738M$

View attachment 365420

Puntland in 2023 : 376M$

View attachment 365421

Somaliland in 2023 : 358M$

View attachment 365422

And Djibouti is approximately 500M$

If you add all these its still 2B$

Burkina Faso has around the same population than Somalia and don't pull the Al shabaab excuse cause they're in a similar situation

Ibrahim Traore took over in 2022 and gold revenues have gone even higher up since they nationalized other gold mines in 2024

This highlights the failure that is Somalia's government, what were they doing since 2004 (or 2012 depending who you ask)

View attachment 365423
View attachment 365424

Im leaning towards the idea that Somalia cant be saved, the south is a shitshow and theyre just dragging other somalis down with them

I think your a bit confused about what your reading. Those 4 billion dollars are all of burkina faso's exports. That is not the same at all as the revenue a government collects.

Also why you would ever bring up burkina faso as a comparison is beyond me. Only 20% of their pouplation has acess to electricity and they have a literary rate of 34% .

 

[Barkhadle1520]

I think your a bit confused about what your reading. Those 4 billion dollars are all of burkina faso's exports. That is not the same at all as the revenue a government collects.

Also why you would ever bring up burkina faso as a comparison is beyond me. Only 20% of their pouplation has acess to electricity and they have a literary rate of 34% .

No Im right, the text clearly says that its gold exports which amount to 70% of all exports, this is well documented and Somalia isnt far from that mark when it comes to literacy rates, only SL regions get past the 50% mark

Ibrahim Traore did more for his country in 3 years than TFG/FGS in more than 2 decades

 

[Idilinaa]

No Im right, the text clearly says that its gold exports which amount to 70% of all exports, this is well documented and Somalia isnt far from that mark when it comes to literacy rates, only SL regions get past the 50% mark

Ibrahim Traore did more for his country in 3 years than TFG/FGS in more than 2 decades

Youth literacy (ages 15–30) in Somalia stands at 70%, and this age group also represents about 70% of the total population.

How much ownership or stake does the government of Burkina Faso hold in its gold mines? And of the 2.4 trillion CFA francs ($4 billion USD) in export revenue, how much goes directly to the government?

Most of the gold mining industry is controlled by foreign multinational corporations operating large scale industrial mines. This dominance explains the high gold export figures since gold accounts for roughly 77% of Burkina Faso’s total exports. These multinational firms reportedly control 85–90% of gold production, with the remainder handled by artisanal miners.

Although media headlines often claim the country earns "billions" in gold revenue, closer inspection reveals that these are usually figures in CFA francs, not USD which can be misleading. For example, a figure like “18 billion” may sound massive, but if it's 18 billion CFA, that amounts to just around $30 million USD.

This interpretation makes sense when you consider recent developments. Burkina Faso received external funding to help revive and develop underperforming or underutilized gold mines:.

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines. • Burkina Faso acquired both mines in 2024 but has struggled to exploit them effectively. • Authorities aim to boost state revenue by increasing control over gold assets. The West African Development Bank...

www.ecofinagency.com

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.
• Burkina Faso acquired both mines in 2024 but has struggled to exploit them effectively.
• Authorities aim to boost state revenue by increasing control over gold assets.

This actually shows a promising development for Burkina Faso’s long-term economic sovereignty . Aside from the online exaggerations and hype, i commend this.

 

[Barkhadle1520]

Youth literacy (ages 15–30) in Somalia stands at 70%, and this age group also represents about 70% of the total population.

How much ownership or stake does the government of Burkina Faso hold in its gold mines? And of the 2.4 trillion CFA francs ($4 billion USD) in export revenue, how much goes directly to the government?

Most of the gold mining industry is controlled by foreign multinational corporations operating large-scale industrial mines. This dominance explains the high gold export figures since gold accounts for roughly 77% of Burkina Faso’s total exports. These multinational firms reportedly control 85–90% of gold production, with the remainder handled by artisanal miners.

Although media headlines often claim the country earns "billions" in gold revenue, closer inspection reveals that these are usually figures in CFA francs, not USD which can be misleading. For example, a figure like “18 billion” may sound massive, but if it's 18 billion CFA, that amounts to just around $30 million USD.

This interpretation makes sense when you consider recent developments. Burkina Faso received external funding to help revive and develop underperforming or underutilized gold mines:.

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines. • Burkina Faso acquired both mines in 2024 but has struggled to exploit them effectively. • Authorities aim to boost state revenue by increasing control over gold assets. The West African Development Bank...

www.ecofinagency.com

This actually shows a promising development for Burkina Faso’s long-term economic sovereignty . I commend this.

You're coping, I dont think receiving foreign aid would be a good argument for you, also thats how much revenue they made from their own gold mines, Sahel states are nationalizing all these stuff faster than people think

Just 8 days ago

As for literacy rates, here

From a may 2025 study quoting SNBS 2022

 

[Idilinaa]

I dont think receiving foreign aid would be a good argument for you, also thats how much revenue they made from their own gold mines, Sahel states are nationalizing all these stuff faster than people think

Just 8 days ago

As for literacy rates, here

View attachment 365442
View attachment 365443

From a may 2025 study quoting SNBS 2022

When did I mention foreign aid?
Export revenue is not the same as direct government revenue. Most of that money is either private, shipped abroad, or retained by the foreign companies operating in the country.

What I did commend was the government’s move to secure investment to revive underutilized gold mines, and their efforts to expand national ownership and control over these assets. That’s a smart approach , it’s how they’ll eventually maximize returns from their own resources.

As for Somalia:

The overall national literacy rate is just over 50%, but this figure is weighed down by elderly population. Among the youth population, literacy is significantly higher , around 70%.

Notably, the Bari region has the highest formal school enrollment rates and the highest adult literacy levels in the country.

I agree with your broader point.
The Federal Government of Somalia (FGS) has largely neglected the mining sector, despite its clear potential. If approached strategically, it could become a significant source of government revenue within a relatively short timeframe.

Unfortunately, it’s even more overlooked now, as all attention has shifted toward oil and gas.

I actually shared a post about this a while back:

But if you ask me , with the FGS and also all the regional states in general . I believe they would benefit more from mining if they focused on that first to build revenue streams. Like, create a state owned company that works with private local ones and takes a big chunk of the profit. Plus, the local ones would pay taxes. They could potentially generate large amounts of revenue in less time, with less outside investment, compared to gas or oil.

A few local companies are already trying to get permits and licenses to start:

targets to acquire mining, oil & gas licenses and permits for mineral exploration – SAHAN MINING COMPANY

sahanmining.com

Energy and Mining – ADCO Group Of Companies

adcosomalia.com

There is even a gold mining company recently set up:

#sahan | Hanad Derie Farah

there is wealth where minerals are in, and that wealth is abundance below the surface of my country Somalia dig below the surface and extract the wealth #Sahan gold corp, join us

www.linkedin.com

 

[Barkhadle1520]

When did i mention foreign aid? Export revenue is not direct revenue to the government. Most of that money is either private or it is shipped abroad or taken by the foreign companies. I commended them on the acquiring investment to revive under utilized gold mines and how they are trying to extend owner ship over it. That's smart.

In total Somalia's literacy rate is just over 50% but the low literacy rate is concentrated in elderly populations which is what brings down the total figures. The youth population has a literacy rate of 70%.

View attachment 365445
View attachment 365446

Bari region actually has the highest formal school enrollment rates and the highest literacy amongst adults.
View attachment 365444


I agree with your broader message though. FGS completely neglected the mining sector even though it shows a lot of promise and it can definitely give the government the revenue source it needs in a short time frame. If it approaches it the right way.

It's even more neglected now because everyone's focus is on oil & gas:

A post i shared about it some time ago.

Stop expecting anything from FGS without cadaan support they wouldnt exist

Also what are the sources for the pics

 

[Idilinaa]

Stop expecting anything from FGS without cadaan support they wouldnt exist

Also what are the sources for the pics

Their Western (cadaan) support is drying up, which actually presents a perfect opportunity to push for mobilizing domestic revenue sources and expanding local governance through civic engagement.

In my view, foreign funding is one of the biggest drivers of corruption, not just the interference it brings, but the very source of money itself. Whenever direct foreign funds are involved, it often distorts incentives and breeds corruption.

Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts – Study

It is a study from Copenhagen done by 2 professor of economics from Copenhagen university and BI Norway and one senior economists. The study exposes corruption in governments that receive foreign aid. It shows that when the aid disbursement season begins, there is an increase in deposits in...

www.somalispot.com

You see a similar pattern in the U.S., where lobby groups and corporations not just AIPAC play a huge role in shaping policy away from domestic interests and toward their own business agendas.

Watch from 4:00


Months ago, I even posted about this, predicting how Trump’s corruption would likely stem from foreign financial influence:

@Zak12 Go to 4:57 minute mark of this video and he talks about receiving foreign money

''Under any other Universe President accepts money from foreign government will be immediately disqualifying''

In the Somali case those grants/financing actually become payments directly going into the pockets of politicians.

This is clearly disqualifying thing in most of the developed countries in the world.

Donald Trump political run is going to be a spectacle, he is going to go down as one of the most corrupt US presidents in history when it is said and done.

Ultimately, I believe the long-term solution is to phase out direct foreign funding and limit dependence on it wherever possible.

I’m not expecting much from the current federal government, but I’m focused on what a new administration could realistically do to strengthen domestic revenue and assert financial independence.

The sources are from the 2022-2023 integrated household budget survey.

 

[NidarNidar]

No Im right, the text clearly says that its gold exports which amount to 70% of all exports, this is well documented and Somalia isnt far from that mark when it comes to literacy rates, only SL regions get past the 50% mark

Ibrahim Traore did more for his country in 3 years than TFG/FGS in more than 2 decades

I pray we get half the man Traore is in office, sadly FGS is beyond incompetent alongside the rests of the FGM.

 

[Idilinaa]

I pray we get half the man Traore is in office, sadly FGS is beyond incompetent alongside the rests of the FGM.

Instead of praying we should all support ,drive and join youth led political parties in the coming election to off seat them.

@Barkhadle1520 But this here has promise and may this pick up momentum and proliferate across the whole region.

The Youngest Party Chairman with a Vision for an Inclusive Somalia:​

https://www.modernghana.com/news/1350906/the-youngest-party-chairman-with-a-vision-for-an.html

 

[Barkhadle1520]

Their Western (cadaan) support is drying up, which actually presents a perfect opportunity to push for mobilizing domestic revenue sources and expanding local governance through civic engagement.

In my view, foreign funding is one of the biggest drivers of corruption, not just the interference it brings, but the very source of money itself. Whenever direct foreign funds are involved, it often distorts incentives and breeds corruption.

Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts – Study

It is a study from Copenhagen done by 2 professor of economics from Copenhagen university and BI Norway and one senior economists. The study exposes corruption in governments that receive foreign aid. It shows that when the aid disbursement season begins, there is an increase in deposits in...

www.somalispot.com

You see a similar pattern in the U.S., where lobby groups and corporations not just AIPAC play a huge role in shaping policy away from domestic interests and toward their own business agendas.

Watch from 4:00


Months ago, I even posted about this, predicting how Trump’s corruption would likely stem from foreign financial influence:



Ultimately, I believe the long-term solution is to phase out direct foreign funding and limit dependence on it wherever possible.

I’m not expecting much from the current federal government, but I’m focused on what a new administration could realistically do to strengthen domestic revenue and assert financial independence.

The sources are from the 2022-2023 integrated household budget survey.

Bit of a fancy way to say youre gonne fall back into mooryan times, No foreign troops= Weaker FGS= faster al shabaab victory (which already owns more lands than fgs btw)

 

[Barkhadle1520]

I pray we get half the man Traore is in office, sadly FGS is beyond incompetent alongside the rests of the FGM.

Either Deni, madoobe, farmajo, kheyre or hsm are gonna get elected next year no doubt

Every single choice is worse than the other, Somalia is doomed

 

[NidarNidar]

Either Deni, madoobe, farmajo, kheyre or hsm are gonna get elected next year no doubt

Every single choice is worse than the other, Somalia is doomed

I take anyonw over HSM, atleast they aren't a total glutton.

 

[Barkhadle1520]

I take anyonw over HSM, atleast they aren't a total glutton.

It would be very funny if Madobe Deni or Farmajo turn out to be worse than HSM, especially knowing their record

 

[Riftvalley]

Bit of a fancy way to say youre gonne fall back into mooryan times, No foreign troops= Weaker FGS= faster al shabaab victory (which already owns more lands than fgs btw)

Why do keep saying your? Where you from abti?

 

[Barkhadle1520]

Why do keep saying your? Where you from abti?

 

[NidarNidar]

It would be very funny if Madobe Deni or Farmajo turn out to be worse than HSM, especially knowing their record

Farmajo would be good for the military atleast but his burnt too many bridges, I say Deni might win, just by going off all those meetings with international partners.

I personally want this whole UN shit to go away, but the dangers of that is another power vaccum and internal fighting like the 90s, the only issue is this time they'll be external powers at play.

 

[Barkhadle1520]

Farmajo would be good for the military atleast but his burnt too many bridges, I say Deni might win, just by going off all those meetings with international partners.

I personally want this whole UN shit to go away, but the dangers of that is another power vaccum and internal fighting like the 90s, the only issue is this time they'll be external powers at play.

External powers are literally whats keeping Somalia afloat, do you realize 50% of all al shabaab attacks are directed towards African union troops ? If SNA is strugling even with that imagine the chaos when foreign troops leave and foreign funding which is between 1/4 and 1/2 of the government total budget gets cut

Somalia right know is an artifical country but diehard patriots will never admit it

Also read up about the case of Ikran Tahlil Farah, one of Farmajo's inadeer abducted this woman who was working at NISA and she disappeared, her family still got no news of her and Farmajo tried to cover up the story, Farmajo's corruption was more blatant than HSM, so blatant even other Somali politicans called him out on bribery, if you think hes better than HSM youre gonna have a bad surprise

If Farmajo was as good as you say for SNA Somalia wouldnt be here today, with the resources they have and the foreign troops al shabaab could easily get crushed but they simply dont want to, a dysfunctional incompetent government corrupt to the core thats what FGS is

 

[Zak12]

faster al shabaab victory

AS doesn't really have the numbers or logistics to be able take the whole south. They are far weaker today than they were 15 years ago as seen from the fact that they are a guerilla movement. Remember their 2022 invasion of Ethiopia and how they were repulsed by regional Somali forces? Today they are dealing with local clan militias like macawisley, not just SNA and foreign troop as well.

 

[Barkhadle1520]

AS doesn't really have the numbers or logistics to be able take the whole south. They are far weaker today than they were 15 years ago as seen from the fact that they are a guerilla movement. Remember their 2022 invasion of Ethiopia and how they were repulsed by regional Somali forces? Today they are dealing with local clan militias like macawisley, not just SNA and foreign troop as well.

They were inside mogadishu before foreign powers helped push them out, and just look at all the land they own, i can guarantee you if they manage to besiege xamar again you will see all the politicians on the first flight