DAR ES SALAAM
Tanzania (Xinhua) -- The Bank of
Tanzania (BoT) has said it was working on modalities to rebuild
a reserve for precious minerals, including gold, tanzanite and
diamonds, as it is done in other countries worldwide.
The move follows a recent proposal by Tanzanian President John
Magufuli when receiving two probe reports by special
parliamentary committees which were formed to investigate
diamonds and tanzanite mining which were found replete with
Benno Ndulu, the BoT governor, said the central bank was
aggressively working on to come up with arrangements to be able
to procure the precious minerals.
"There are number of things to be considered and properly put
in place before starting to purchase the minerals," said Ndulu.
He added: "We have started working on the matter... we need
money and several other things.
"These are things you cannot do right away because it is a
Ndulu said establishing such procurement procedure required
consultation with various experts and government officials at
"We need to consult and document everything before the
central bank turns from only reserving cash to a buyer of gold,
tanzanite and diamond.
"The buying and selling of the minerals need special
expertise," said Ndulu.
Magufuli and Minister for Finance and Planning, Philip Mpango,
have been aggressively pushing for the central bank to rebuild
reserves for precious minerals.
"BoT should come up with a special arrangement to start
establishing mineral reserves, as it is done in other parts of
the world instead of dealing with cash reserves only," said
Mpango on Sept. 9 during his prompt visit to the Julius Nyerere
International Airport (JNIA) in Dar es Salaam where he received
reports on smuggled diamond that was seized at the airport.
BoT halted its previous gold purchases after the 2009
collapse of a Dar es Salaam-based gold refinery, Mwananchi Gold
Company Limited (MGCL), which was set up as a joint venture
between the central bank and some private investors.
In November last year, Mpango told the National Assembly that
the government, through BoT, was exploring the possibility of
using tanzanite for currency reserves, not bullion, because
experience has shown that gold was no longer suitable for this
Tanzanite is a gemstone unique to Tanzania, as it is only
found in the Mererani area of the country’s Manyara region.
speaker advises MPs to ensure personal security
DAR ES SALAAM Tanzania (Xinhua) --
Tanzanian National Assembly Speaker Job Ndugai
has advised members of parliament to be cautious of their
personal security, against the backdrop of unexplained shootings
by unknown gunmen.
"Since the security situation is not conducive, I am advising
you to be very careful with what you do, where you walk and even
your behavior because security begins with you," Ndugai told the
closing session of a two-week parliamentary session in the
political capital Dodoma.
The advice was sounded a week after unknown gunmen shot and
seriously wounded Singida East MP and legal advisor for
opposition Chama Cha Demokrasia na Maendeleo, Tundu Lissu, at
his residence in Dodoma.
And ln Sept. 11, Vincent Mribata, a retired major general
with the Tanzania People’s Defense Forces, was shot shortly
after coming from a bank.
Last week, Ndugai directed the parliamentary committee on
defense and security to meet and discuss the state of the
Four killed in
southwestern Tanzania’s road mishap
ARUSHA, Tanzania (Xinhua) --
At least four people were killed and nine others injured in a
head-on collision that involved five vehicles and a motorcycle
in southwestern Tanzania’s region of Mbeya, police said on
Mohamed Mpinga, Mbeya Regional Police Commander, said that
the accident occurred at Iwambi hill, few kilometers to a small
town of Mbalizi along the busiest Tanzania-Zambia highway (Tanzam).
According to Mpinga, the accident occurred on Thursday night
at around 8 p.m. local time in a hilly area with a steep slope
on the way to the Tanzania and Zambia border town of Tunduma.
He said that two drivers and a motorcyclist were among the
dead in the road mishap.
The cause of the accident was yet to be established, though
preliminary investigation show that driver of a truck which was
heading to Zambia from the Tanzania’s commercial capital, Dar es
Salaam lost control before ramming into other vehicles, Mpinga
said, revealing that the injured people were rushed to Mbeya
Zonal Referral Hospital for treatment.
"Drivers using the Tanzam road should be extra careful as the
highway has many sharp corners and slopes," said Mpinga.