Tanzania Gold Exports Hit $4.3 Billion

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Tanzania’s gold exports reached a record $4.3 billion, up 35.5% from the previous year, driven by rising global prices and increased central bank purchases. The Bank of Tanzania reported that total goods and services exports reached $16.89 billion, representing a 14.8 % year-over-year increase. Exports of goods grew by 22.7 %, with strong performance from gold, manufactured products, cashew nuts, tobacco, and cereals. Cereal exports nearly doubled due to higher regional demand.