"Kenya Serves as Hub For Smuggled Gold From Other African Countries"

" \r\n\r\n Kenya Serves as Hub For Smuggled Gold From Other African Countries \r\n\r\nKenya has emerged as a major transit hub for gold smuggled out of African countries plagued by conflict and weak governance.\r\n\r\n \r\n \r\n \r\n \r\n\r\nKenya has emerged as a major transit hub for gold smuggled out of African countries plagued by conflict and weak governance, according to a new report by\u00a0 SwissAid , a non-governmental organization focused on development and resource justice.\r\n\r\n \r\n \r\n\r\nMost of the country\u2019s gold output comes from artisanal and small-scale mining (ASM), a largely informal sector outside official state monitoring.\r\n \r\n\r\nAs a result, the majority of Kenya\u2019s gold production goes unrecorded. While illicit gold exports are estimated to exceed two tons each year, only 672 kilograms were officially declared in 2023, according to a Bern-based organization.\r\n\r\n \r\n \r\n\r\n\" Part of the gold that is smuggled out of South Sudan, the Democratic Republic of Congo and, to a lesser extent, Ethiopia, and possibly Sudan passes through Kenya before being ultimately reexported, \" according to the report.\r\n\r\n \r\n \r\n\r\nMost, if not all, of the gold extracted in Kenya, or imported into the country, is eventually exported.\r\n \r\n\r\nMost of the gold smuggled out of Kenya is shipped to Dubai, where it is officially declared upon import, according to the report. Other common destinations include India and South Africa. The report also suggests that Kenya may serve as a transit hub for gold originating from Sudan, a country engulfed in civil war since 2023.\r\n\r\n \r\n \r\n\r\nMeanwhile, Kenya\u2019s officially declared gold output, mainly from two licensed medium-scale mines, is exported to refiners in South Africa and Switzerland.\r\n\r\n \r\n \r\n\r\nA previous report by the same organization warned that revenues from this illicit gold trade are helping to fuel conflict, fund criminal and terrorist networks, undermine democratic institutions, and facilitate large-scale money laundering.\r\n\r\n \r\n \r\n \r\n \r\n "

"Kenya Serves as Hub For Smuggled Gold From Other African Countries"

Finance Minister Chairs New 13-Member Public-Private Partnership Working CommitteeAMP

Africa’s Smallholder Farmers are Using Bright Ideas to Adapt to Climate Change: G20 Countries Should Fund Their EffortsAMP

World Bank Urges Zimbabwe to Seek G-20 Support in Ending 25-Year Debt DefaultAMP