July 31, 2017
The Democratic Republic of the Congo mining sector is booming but more than $750 million in mining revenues have disappeared between 2013 and 2015. The taxes, paid by mining companies to state coffers vanished into Gecamines, the country’s dysfunctional state-owned mining company and various tax agencies. This investigation finds credible evidence that at least some of the funds ended up in accounts linked to President Joseph Kabila himself, his family, and corrupt networks with links to the regime.
Security Topics: Natural Resources and Conflict