More than 20% of the Democratic Republic of Congo’s mining revenue is lost because of corruption and mismanagement, a campaign group says.
Global Witness report has raised the alarm, saying that money is being distributed through corrupt networks linked to President Joseph Kabila.
The group reports that over the past three years alone, at least $750million has gone missing.
The government is yet to respond to these claims, but has previously denied allegations of corruption in its mining sector.
The DRC is Africa’s biggest producer of copper, and the world’s largest supplier of cobalt used in batteries for electric cars.
The country also has vast amounts of gold, diamonds and coltan, used in mobile phones.
All these however, do not help the DRC people much, according to Pete Jones, a Global Witness senior campaigner.
“Congo’s mining revenues should be helping to lift its people out of poverty,” BBC reports him to say.
According to the report, much of DR Congo’s mining revenue goes missing after being paid to the state-owned mining company, Gécamines.
The head of Gécamines, a close ally of President Kabila, has denied allegations of corruption and insisted the company is transparent.
The report also points to the country’s tax agencies which are legally allowed to hold back a percentage of the taxes they impose.
The report says that if the money not reaching the state coffers through corruption, mismanagement and an ineffective tax system was collated, from 2013 to 2015, then the amount rises to $1.3bn.