Swissaid report ranks Zimbabwe among top 5 gold smuggling countries to UAE, losing up to $1.2B annually.
Swissaid's report 'On the Trail of African Gold' ranks Zimbabwe among top 5 countries smuggling gold to the UAE, with an estimated 20 tonnes of gold smuggled annually from 12 African nations. Mali, Ghana, and Zimbabwe are the main gold smuggling countries. Weak enforcement, unfavorable policies, and corruption may cause Zimbabwe to lose up to $1.2 billion a year due to gold smuggling.
June 05, 2024
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