# Morocco's King Mohammed VI is Africa's richest monarch, with a net worth estimated between $5–10 billion.

*business · news · 2026-04-07 · Times of India*

## Key points

- Managem Group is investing $750 million to boost gold output by 134% by 2030.
- Managem's Etéké mine in Gabon will start producing 60,000 ounces of gold annually from 2028.
- The Karita project in Guinea aims for 200,000 ounces of gold per year starting in 2029.
- Gold now accounts for over half of Managem's earnings, with revenue rising 55% last year.

**Companies:** Managem
**Countries:** Morocco, Gabon, Guinea

[Read the full story on Times of India](https://timesofindia.indiatimes.com/etimes/trending/meet-africas-richest-king-how-king-mohammed-vis-6200-crore-gold-bet-is-changing-the-gold-game/articleshow/130084007.cms)

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