Thursday, 30 January 2014

Lake regions’ cross-border trade dips to Sh3bn in 2013

From The Citizen Daily, Dar es Salaam 
By Miguel Suleyman

Mwanza. Lake Zone regions recorded a slump in revenues collected from cross-border trade, from Sh3.840 billion, as the balance of trade in 2012 dropped to Sh3.319.5 billion by the end of December, 2013.

Economists noted that the slight downslide was mostly attributable to a decrease in the export volume of minerals to foreign markets, according to the zonal economic performance report released by Bank of Tanzania (BoT) economist Musa Mziya. Lake Zone regions, especially Shinyanga, Geita and Mara, boast a number of mining projects for gold, diamond and nickel.

Read full story.

No comments: