Story perspectives

Tanzania's Exports Soar 14.2% with Diamonds, Cocoa Booming

1/10/2025

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Summary

Story summary

Tanzania's export earnings increased by 14.2% to $15.87 billion in November 2024, led by diamonds, cocoa, and cashew nuts.
Diamonds surged 125% to $53.3 million; cocoa rose 112.9% to $89.4 million; cashew nuts grew 107% to $448.8 million.
The tourism sector saw an 11.1% rise, generating $3.68 billion from 2.1 million visitors.
Kenya's tea exports jumped 20.8% in 2024, totaling 500.8 million kg and earning $1.19 billion.
Indonesia plans to mandate that commodity exporters retain foreign currency earnings onshore for one year to stabilize the rupiah.

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Story summary

Tanzania's export earnings increased by 14.2% to $15.87 billion in November 2024, led by diamonds, cocoa, and cashew nuts.
Diamonds surged 125% to $53.3 million; cocoa rose 112.9% to $89.4 million; cashew nuts grew 107% to $448.8 million.
The tourism sector saw an 11.1% rise, generating $3.68 billion from 2.1 million visitors.
Kenya's tea exports jumped 20.8% in 2024, totaling 500.8 million kg and earning $1.19 billion.
Indonesia plans to mandate that commodity exporters retain foreign currency earnings onshore for one year to stabilize the rupiah.