23, July 2017

DR Congo: One fifth of mining revenue ‘goes missing’ 0

Anti-corruption campaign group Global Witness says 20% of mining revenue in the Democratic Republic of Congo, $750m (£576m) over the last three years, has failed to reach the country’s treasury.

“For years revenues have leaked from Congo’s mining sector into offshore shell companies. Now we can see that even revenues paid to government bodies in Congo are going missing before they reach the treasury,” says Global Witness Senior Campaigner Pete Jones.

Global Witness says this the money is going missing due to corruption and mismanagement.

The government has previously denied allegations of corruption in its mining sector.

Despite being Africa’s top copper producer and the world’s largest supplier of cobalt, DR Congo is one of the poorest countries in the world.

Source: BBC