IN an effort to extract more value from its natural resources, East Africa’s Tanzania is to establish a minerals exchange, said Bloomberg News.
Citing the country’s minerals minister, Angellah Kairuki, Bloomberg News said officials from the Tanzania Mercantile Exchange would help to establish the exchange. They had not yet implemented a similar proposal – launched in 2015 – in which agricultural products were to be traded, said Bloomberg News.
“We will take into consideration the laws to ensure that this plan is successful,” Kairuki said in a statement on a government website.
The nation’s resources including gold, coal, diamonds, iron, silver, copper, graphite and other rare earth minerals such as gemstones, said the newswire.
