Tanzania’s agricultural export earnings fell by more than half over the past year, the central bank said in a report published on June 27, hurt by a government ban on cashew exports.
The report showed earnings from agriculture exports slumped to $554.1 million in the year ending April, from $1.225 billion in the year-earlier period.
Agriculture accounts for about one-third of economic activity and 67% of employment in the East African nation, according to the International Monetary Fund.
Reuters
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