Tag: Reserve
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Tanzania orders 20% of gold exports to its central bank for reserve diversification
To bolster its foreign reserves and combat the depreciating shilling, the Bank of Tanzania began purchasing gold from local traders and miners last fiscal year, acquiring 418 kg. The bank aims to purchase 6 tonnes of gold in the current fiscal year. The Tanzania’s Mining Commission announced that a new mining law, effective October 1,…
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Reserve military power: top 5 African countries in 2024
Global Firepower, an analytical site, ranks 145 countries based on their reserve military manpower. In Africa, these top five nations boast the largest reserve forces in 2024: Egypt: 480,000 personnel (15th globally)Morocco: 150,000 personnel (32nd globally)Algeria: 135,000 personnel (34th globally)Eritrea: 130,000 personnel (37th globally)Sudan: 85,000 personnel (47th globally) Reserve forces are crucial for national security,…
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