Congo-Kinshasa: FCFA 193 Billion Lost to DRC Gold Smuggling

The latest United Nations report assessing the gold smuggling racket in the Democratic Republic of Congo, DRC, says 400 million US Dollars (about FCFA 193 billion) was lost by the country in revenue in 2013 as the mineral was smuggled to East African countries.

According to the East African Review, businessmen teamed up with soldiers and politicians to steal DRC minerals, shipping them out via Uganda, Rwanda, Burundi, Kenya and Tanzania, with the money used in financing eastern DRC's recurrent wars.

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