Tanzania: Gold exports increased by 23% in one year

Geita Mine, Tanzania

Tanzania’s gold exports rose 23.3 percent between July 2018 and July 2019 to reach US $ 1.783 billion, according to a monthly economic report released by the central bank (BOT).

This increase, according to the document, is due to the increase in the volume of exports that has not been revealed.

Tanzania, Africa’s fourth largest gold producer, exported 1.549 billion USD of gold between January and December 2018, up from 1.541 billion the year before. The country opened in the first quarter of 2019, its first commercial gold trading center in the northwestern city of Geita.

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