Bloomberg News

Tanzanian Gold Exports Increase 20% to August, Coffee Rises

October 27, 2011

(Updates with exports of tobacco and coffee in second paragraph.)

Oct. 27 (Bloomberg) -- Tanzania, which vies with Mali to be Africa’s third-biggest gold producer, exported $1.8 billion of the metal in the year to Aug. 31, up from $1.5 billion a year earlier, according to the country’s central bank.

Shipments of tobacco increased 1.2 percent to $41.4 million in the period, while coffee exports climbed to $24.1 million from $14.4 million a year earlier, the Bank of Tanzania said in an e-mailed statement from Dar es Salaam, the commercial capital, today.

Exports of cashew nuts advanced 94 percent to $19.6 million while cotton shipments declined to $7.1 million in the period to August, compared with $22.2 million a year earlier, according to the report. Tea exports fell to $6.5 million from $9.9 million, it said.

--Editor: Emily Bowers.

To contact the reporter on this story: David Malingha Doya in Dar es Salaam via Nairobi at dmalingha@bloomberg.net.

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net.


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