Why central bank plans to buy six tonnes of gold

Gold pic

The Bank of Tanzania plans to purchase six tonnes of gold during the current  financial year. PHOTO | FILE

By  Rosemary Mirondo

Business Reporter

Mwananchi Communications Ltd

What you need to know:

  • It will be the biggest amount by far since the government began buying the precious metal from small, medium and large-scale miners as part of efforts to diversify the country’s foreign exchange reserves

Also Read

Latest

  1. Simba make fine margins count against Azam

  2. NCBA calls for digital shift to widen SME access to finance

  3. Yas supports maternity services at Same hospital

  4. Tanzania seeks Korean investments to accelerate industrialisation growth

  5. Rehab Health chief calls for rehabilitation to be made essential health service

  6. Rubio announces US visa curbs for some foreign nationals from South Africa

In the headlines

View All