african-news-header

Multimedia

multimedia

 

Monday, 20th September 2021
9:05:08pm

Tanzanian gold export earnings rise 34% in 2020 on higher prices

Tanzania’s earnings from gold exports rose 34% last year, helped by increased output and higher prices, the Bank of Tanzania said in its latest monthly economic review.

Gold exports fetched $2.95-billion, up from $2.21-billion in 2019. This came as tourism earnings declined 59% to $1.1-billion amid the coronavirus pandemic.

The current account deficit narrowed to $662 million from $1.3-billion as imports declined. Oil imports fell 30% to $1.25-billion, while exports of manufactured goods rose 13% to $912 million.

The central bank expects economic growth to have slowed to 5.5% in 2020, but said it may exceed 6% this year, driven by public infrastructure spending.

-Mining Weekly

About us

African News Centre is an online media company, which strives to bring you the very latest African news.

Contact us

If you have any contributions contact us on email: This email address is being protected from spambots. You need JavaScript enabled to view it.
African News Centre | Postal Address | P.O Box 90455 | Klein Windhoek | Namibia | 9000