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Billions in gold smuggled out of Africa each year, says new report
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 October 18, 2021
BILLIONS of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates (UAE), where it is refined and sold to customers around the world, according to a new report.
Gold worth over $30 billion (around £24bn) was smuggled out of the continent in 2022, according to the report published on Thursday by Swissaid, an aid and development group based in Switzerland.
The main destinations were the UAE, Turkey and Switzerland.
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