Dar es Salaam, Feb. 28 -- MTWARA: THE Bank of Tanzania (BoT) has acquired two tonnes of gold for its reserves since July 2024, marking a significant milestone in its domestic gold purchase programme, which targets six tonnes annually.

Speaking at a seminar for senior business and financial journalists in Mtwara on Monday, BoT Financial Analyst Dunga Nginilla attributed the programmes success to pragmatic measures addressing earlier challenges, as well as recent legislative measures and incentives for gold miners and licensed dealers.

“So far, we have acquired over two tonnes and expect a substantial increase in gold inflow. We are optimistic about meeting our annual target,” said Mr Nginilla at the BoT-organised seminar, aim...