Tanzania: Gold Beats Tourism to Become Tanzania's Leading Foreign Exch – AuthenticAfrican

Posted on by Citizen

[Citizen] Dar es Salaam -- Gold is now Tanzania's leading foreign exchange earner after overtaking tourism which has been hit by the Covid-19 global pandemic. A new report by the Bank of Tanzania (BoT) says that gold exports increased by 46.8 percent - to $2.5 billion - in the year to May, while tourism earnings slowed from $2.5 billion to $2.3 billion in the same period. The increase in gold exports was attributed to increases in both production volume and price.