Post #421

📺What Is Known About Cameroon’s Missing Gold 📺 Cameroon’s authorities reveal disappearance of national wealth 💬 Around 15 tonnes of gold have vanished from Cameroon, according to a 300-page 2023 transparency report published by Yaoundé under its membership in the Extractive Industries Transparency Initiative (EITI) on December 30. 👀 Against 15 tonnes of smuggled gold declared exports look really bizarre: just 22 kg — less than 2 standard gold bars. The main destinations for the shadow gold flows were the UAE (92%) and Uganda (the remaining 8%). 🎥 Although already overdue, the publication in question was accompanied by extreme caution. It was first presented exclusively to some 2.5 journalists on December 10, while the public version only appeared this week. So as to save face, authorities hedged their bets and said the day before the publication they were planning to close certain mining sites in January. ↗️ How closing a few mining sites is supposed to end gold smuggling remains unexplained. Given the delay in reporting, Yaoundé had clearly been aware of the disaster. At best, the regime will put on a show of vigorous action to pull the wool over the eyes of both its citizens and foreign partners. Maybe there will be some decorative reshuffle. ➡️ Follow to stay informed - @devilsbelow