Gold bars. Countries in East Africa are discussing the adoption of stringent traceability mechanisms for the gold industry to stamp out rampant smuggling. PHOTO | FILE | NATION MEDIA GROUP
Countries in the region are discussing the adoption of stringent traceability mechanisms for the gold industry to stamp out rampant smuggling across East and Central Africa to overseas buyers particularly in Asia.
Mining officials from the International Conference of the Great Lakes Region (ICGLR) countries are in negotiations and are meeting next month to discuss the body’s Artisanal and Small-Scale Gold Strategy, which calls for harmonisation of gold export procedures including taxation and traceability and certification.
