How gold worth billions of dollars is smuggled out of Africa

Gold bars

Bars of gold.  FILE PHOTO | AFP 

Every year, billions of dollars’ worth of gold is smuggled out of Africa through Kenya into the United Arab Emirates (UAE) in the Middle East. According to an analysis by Reuters, the Middle East is a gateway to markets in Europe, the United States, and beyond. 

Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in 2016, more than any other country and up from $1.3 billion in 2006. The total weight was 446 tonnes, in varying degrees of purity – up from 67 tonnes in 2006.