Why did Tanzania export gold via Uganda and Burundi in 2020?
According to the Bank of Tanzania, the country earned US$2.9 billion from gold exports last year. This, the bank says, was a 32 percent increase over the $2.2 billion earned the previous year. According to Tanzania invest , the major destinations for Tanzania’s gold exports are South Africa, Switzerland, and India. However, multiple reports indicate that Tanzania used her neighbors, Burundi and Uganda, to export her gold last year. The reports do not explain the shift of destinations to the Middle East via her neighbors. It does not explain the sudden change in consumer behavior in Uganda and Burundi, two countries teetering on poverty, from basic goods to luxuries such as gold. Neither do they explain why Tanzania could not export her gold directly to the market This leaves some hanging questions such as; Did the closure of Airports and Seaports shut the doors to Tanzania’s exports? Was she magnanimous to her neighbors in dire straits? or was she afraid, afraid of what? What was t