Skip to main content
Donate to the 95 years appeal
Billions in gold smuggled out of Africa each year, says new report
Miners extract mud they hope contains gold at a gold mining site at which adults and youth work in the village of Mawero, on the outskirts of Busia town, in eastern Uganda on October 18, 2021

BILLIONS of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates (UAE), where it is refined and sold to customers around the world, according to a new report.

Gold worth over $30 billion (around £24bn) was smuggled out of the continent in 2022, according to the report published on  Thursday by Swissaid, an aid and development group based in Switzerland.

The main destinations were the UAE, Turkey and Switzerland.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Relatives of Palestinian child Salem Hussein, 12, killed in an Israeli army bombardment of Gaza, mourn beside his body at Shifa Hospital in Gaza City, July 22, 2025
North Africa / 24 July 2025
24 July 2025

For Egypt trade trumps the Israeli genocide of the Palestinians, but how long can the country’s ‘misleaders’ – and others in the region – continue their indifference against the popular will of their own people, asks ROGER McKENZIE

Sudanese displaced families take shelter in a school after being evacuated by the Sudanese army from areas once controlled by the paramilitary Rapid Support Forces in Omdurman, Sudan, March 23, 2025
Northeast Africa / 11 July 2025
11 July 2025
OPPORTUNITY BECKONS: BRICS member states family photograph - In the shadow of the Sugarloaf Mountain - during the 17th BRICS Summit in Rio de Janeiro, Brazil on July 6 2025. (L to R) Foreign Minister of Russia Sergey Lavrov, Crown Prince of UAE Khaled bin Mohamed Al Nahyan, President of Indonesia Prabowo Subianto, President of South Africa Cyril Ramaphosa, President of Brazil Luiz Inácio Lula da Silva, Prime Minister of India Narendra Modi, Premier of China Li Qiang, Prime Minister of Ethiopia Abiy Ahmed, P
The Future / 11 July 2025
11 July 2025

ROGER McKENZIE expounds on the motivation that drove him to write a book that anticipates a dawn of a new, fully liberated Africa – the land of his ancestors

Similar stories
LEGACY OF BRUTALITY: (L to R) Congolese slave whipped with a
Features / 6 March 2025
6 March 2025
ROGER McKENZIE argues that Africa's ultimate liberation depends on its ability to decolonise itself including the redrawing of its present national borders imposed by Europe
ANCIENT SPLENDOUR: The Great Zimbabwe dates back to the Goko
Books / 15 August 2024
15 August 2024
BOB NEWLAND applauds a demonstration of the existence of a substantial African history that contributed much to world development long before European colonialism