Gold accounts for 77% of the $40 billion worth of under invoiced extractive commodity exports from Africa, according to UNCTAD research. Diamonds represent 12% and platinum 6%.
The government sees honey as a product that could help diversify the country’s oil-dependent economy and is working with UNCTAD and the European Union to improve production and boost exports.
By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
A new call to action urges countries to make BioTrade a lever for recovery and resilience in the wake of the pandemic.
The project is a point of convergence for conservation and sustainable use of marine resources, and a driver for a blue and green recovery from COVID-19.
Written by Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
UNCTAD’s Economic Development in Africa Report 2020 says stopping illicit capital flight could almost cut in half the annual financing gap of $200 billion that the continent faces to achieve the Sustainable Development Goals.
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