Cameroon Tribune (Yaoundé)

13 February 2014

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.

The 276-page report by the UN Group of Experts on the DRC says armed conflict, corruption, poor quality of life for citizens, illegal mineral exploitation and interference from neighbouring countries, remain major sources of instability in the DRC.

Kenya and Uganda have become major exporters of gold since the two countries have the infrastructure to transport illegal minerals to international markets. An estimated 20 million people in DRC, Uganda and Rwanda, and to some extent Kenya, depend on the illegal mining of DRC minerals as their only source of livelihood.

Accusations of gold smuggling against Uganda are not new. Some high-ranking military officials were once accused by a UN Panel of involvement in smuggling Congolese minerals and other natural resources. However, Uganda says it now has a mineral processing protocol with the Congolese government and dealings with Congolese gold dealers are above board.

Ads by Google

Copyright © 2014 Cameroon Tribune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.