Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the U.S. and beyond – a Reuters analysis revealed. Previous reports and studies have highlighted the black-market trade in gold mined by people, including children, who have no ties to big business, and dig or pan for it with little official oversight. No-one can put an exact figure on the total value that is leaving Africa, but the Reuters analysis gives an estimate of the scale.
Reuters Exclusive: Gold worth billions smuggled out of Africa
24 April 2019, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa