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Tanzania's Gold Rush: Central Bank To Buy Six Tonnes Of The Yellow Metal
Wednesday, September 27, 2023 - 3:51pm | 497Read More...The Bank of Tanzania has embarked on a new venture to enhance the nation's foreign exchange reserves by procuring gold using the Tanzanian shilling. This initiative, announced on Sep. 25, aims to amass a significant six tonnes of gold from local miners and dealers during 2023. As the...
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A Look At Geopolitical Risk In The Metals And Mining Sector
Tuesday, July 30, 2019 - 8:46am | 654Read More...Investing in a world fraught by geopolitical uncertainty can be tricky. In the mining and metals industry, there are a number of geopolitical and security drivers shaping today’s business environment for investors to weigh. Acacia's Costly Tanzanian Problem One high-profile case involves...
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Could East African Bankers Solution to Inflation Foreshadow China's?
Tuesday, June 21, 2011 - 2:59pm | 646Read More...Three countries in East Africa—Uganda, Tanzania, and Kenya—are experiencing high rates of inflation. These countries have seen their currencies depreciate severely over the past year. The currencies of Kenya and Uganda are the worst performing in Africa, year-to-date. According to Reuters,...
