ScamsRadar previously published articles questioning the legitimacy of Afrimex Gold Limited. These reports raised concerns about possible involvement in unsustainable gold-backed cryptocurrency schemes and created doubts about the company’s licensing and transparency.
Afrimex recently contacted ScamsRadar to address these concerns. The company firmly stated that it is not a scam and confirmed that it has no involvement whatsoever in gold-backed crypto or related digital asset schemes. Afrimex explained that its brand and name had been misused by unauthorized third parties who promoted fraudulent crypto projects online. The company stressed that it has never offered or endorsed such products and has actively distanced itself from those activities.
To support its position, Afrimex provided ScamsRadar with a comprehensive set of materials. These included corporate registration and licensing documents issued by Ghanaian and UAE authorities, KYC and compliance policies aligned with international standards, ownership disclosures, and supporting information about its management and operations. Afrimex also shared operational details about its mining and gold trading business, giving a clear picture of how the company functions.
Afrimex further explained how its investment programs are designed. The company confirmed that the opportunities it offers are tied directly to gold production and trading margins. Returns are structured to be sustainable and realistic, not exaggerated promises of quick profits. Afrimex also clarified that its minimum buy-in requirements are high, which makes these opportunities suitable mainly for investors with significant capital rather than for small retail investors.
After carefully reviewing the documents and verifying the information provided, ScamsRadar found that Afrimex is a licensed and operational gold mining and trading company with verifiable registrations. The documentation confirmed that its business model is rooted in traditional gold operations and not in cryptocurrency or other speculative ventures. While external scammers have misused Afrimex’s name and brand in connection with fraudulent crypto projects, the evidence shows that Afrimex itself has no involvement in these schemes. The investment opportunities offered by the company are legitimate but require significant financial commitments and carry the normal risks associated with gold mining and trading.
Based on the evidence provided and the review conducted, ScamsRadar has decided to retract its earlier articles about Afrimex. The company has demonstrated transparency and legitimacy, and the earlier concerns have proven to be unfounded. While ScamsRadar always encourages investors to conduct independent due diligence before making commitments, we now recognize Afrimex as a legitimate operator. For investors with the resources to meet Afrimex’s entry thresholds and an appetite for exposure to the gold sector, Afrimex may represent a viable investment opportunity. For smaller investors, the high barrier to entry remains a challenge, but this does not diminish the legitimacy of Afrimex’s operations.
ScamsRadar’s mission is to protect investors from fraud and misinformation. In this case, Afrimex has shown a high level of transparency and provided evidence to verify its operations. As a result, ScamsRadar is satisfied that Afrimex is a legitimate gold mining and trading company. Investors should remain aware that any project or promotion claiming Afrimex is involved in cryptocurrency is unauthorized and fraudulent. Afrimex’s business remains firmly focused on gold mining and trading.
