Tens of billions of dollars in gold flows illegally out of Africa each year, a new report says
Miners extract mud they hope contains gold at a gold mining site at which adults and youth work in the village of Mawero, on the outskirts of Busia town, in eastern Uganda on Oct. 18, 2021. Billons of dollars worth of gold is smuggled out of Africa each year, according to a report published Thursday, of which most ends up in the United Arab Emirates where it is refined and sold on to the rest of the world. Over $30 billion worth of gold, or more than 435 tonnes, was smuggled out of Africa in 2022, according to the report published by ...
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