Tanzania: The Mining Agenda Fuelling Tanzania's Rise in Global Minerals Race
Tanzania's mining sector has become a primary driver of the nation's economic growth, with government revenue and foreign direct investment reaching record highs. The government is now shifting its focus toward mineral beneficiation to move beyond raw material exports.
Why it matters
This reflects a broader trend of resource-rich developing nations seeking to capture more value from their natural resources through industrialization.
Dodoma - TANZANIA'S mining sector has undergone profound transformation, evolving from a struggling industry into the primary engine powering the nation's economic growth, courtesy of strategic reforms unlocking record-breaking investment and revenue.
Government revenue from mining has grown from 526bn/- in 2020/2021 to over 1.4tri/- in 2025/2026, surpassing the annual target by 16 per cent.
The sector's contribution to GDP rose from 9.1 per cent in 2023 to a record 10.1 per cent in 2024 and has since averaged 11.9 per cent to 12 per cent.
Presenting his docket's 2026/27 budget estimates in the National Assembly in Dodoma, Minister for Minerals Anthony Mavunde emphasised the massive opportunities awaiting investors.
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