Tanzania is weighing plans to sell part of its gold reserves to finance infrastructure projects amid less reliable external development funding. The proposal has been discussed at the highest levels of government and would be implemented through the central bank.
Officials say the potential sale is driven by shrinking foreign aid and rising domestic funding needs for roads, energy and public works. Gold reserves are viewed as a strategic buffer that could be partially mobilised without undermining economic stability.
Tanzania’s gold holdings have grown steadily in recent years, reflecting both rising global prices and increased domestic production. Selling a portion of these reserves would mark a significant shift in how the country deploys its sovereign assets.
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Supporters argue that using gold reserves for development could reduce dependence on debt and external donors. Critics, however, caution that reserves should be preserved to protect against future economic shocks.
The decision, if approved, would place Tanzania among a growing number of African states exploring alternative ways to finance development amid changing global aid dynamics.
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