Mining
Posted By OrePulse
Published: 25 Oct, 2024 10:56
EAC governments tackle mineral value addition and illicit financial flows
East African governments are now focusing on leveraging mineral wealth by attracting investors in value addition while also curbing illicit financial flows across the region. These comments were made on the sidelines of the 2024 Citizens’ Convention on Extractives, where officials from the Auditor General’s office revealed they are working with their counterparts in neighboring Kenya and Zambia to harmonize operations. A recent government State of the Economy report shows that mineral exports saw an 8.3% drop from US$ 307.35 million to US$ 282.00 million, indicating a downturn for many merchandise exports in July.
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