• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry
    Zimbabwe Records it’s Largest Wheat Production in 2022
    …for Electricity Generation Kenya’s Electricity Capacity Rises at 3,000MW
    The Administration of the Egypt Pound diminished by 13% below 32 to the U.S.D as the Central Bank of Egypt started a flexible exchange rate of an International Monetary Fund Financial Support Package
    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)
    Dangote and Partners Invest $1 Billion in Sugar Production in Nigeria

    Tanzania, Monthly Economic Review shows Gold Exports Heighten by + 25.1 % to $ 1,915.3 Million

    Posted On 21 Oct 2019
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    Bank of Tanzania
    Photo Credit: Wikipedia

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone-  Recently, Bank of Tanzania (BOT) Monthly Economic Review discovers in this year, gold exports moved upwards by +25.1% to $ 1,915.3 million, and sustained advance by large number of more than half of non-traditional exports that accounted for it.

    The importance of non-traditional exports was $ 3,904.2 million upon completion of August 2019 compared with $ 3,257.5 million in the structuring period in 2018, hugely driven by minerals with particularity of gold and manufactured goods.

    Increasingly, the export of manufacturing goods evidenced clearly in manufactured coffee, yarn and twine, iron, steel, and fertilizers.

    Services that gives to $ 3,916.3 million in the year ending August 2019 compared with $ 3,887.4 million in the year ending August 2018 and accounted for 44.7 % of total exports. And it was emerged thus; the increase from travel receipts.

    Photo Credit: Thenewdemocrat

    The value of traditional goods exports fell by 55.0% year-on-year to $ 508.8 million in the year ending August 2019. The fall was made public for all traditional goods exports save for coffee.

    The value of coffee exports moved upwards on the basis of increase in the volume following good weather during the crop season, while that of cashew nuts declined due to fall in both volume and unit prices in the world market.

    The value of cloves, tobacco and sisal export decreased on account of volume, while that of tea was driven by price in the world market.

    Cloves was unable to meet the task as expected thus; the periodic nature of the crop.

    For the year ending August 2019, the overall export of goods and services improved slightly to $ 8,770.6 million from $ 8,713.2 million in the year ending August 2018.

    www.newafricabusinessnews.com
    Africa’s Most Read and Fastest Growing Global Newspaper. Forward to All www.newafricabusinessnews.com  

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

    NEW AFRICA BUSINESS NEWS
    COMING SOON ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER. THANK TO COMPANIES THAT WANT TO ADVERTISE.   INFO@NEWAFRICABUSINESSNEWS.COM.

     

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Ghana can Abolish Death Penalty within 3 Months- Kpebu

    Next Story

    Liberia, $250,000,000 has been leased by the top Notch of Jake Memorial Baptist College

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence

    Posted On 28 Jan 2023

    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing

    Posted On 27 Jan 2023

    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report

    Posted On 26 Jan 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Facebook

    Latest Posts

    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence

    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing

    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report

    Recent Posts

    • $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    • President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    • Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    • Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    • Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.