Tanzania Announces Minerals Sector Revenue and Development Plans for 2026/27
Tanzania's minerals sector targets revenue of approximately US$539.73 million for 2026/27, with US$67.17 million allocated for operations. The focus on value addition and local content aims to enhance domestic processing and support small-scale miners.
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Tanzania's Minister for Minerals has proposed a revenue target of approximately US$539.73 million for the 2026/27 financial year, with US$67.17 million earmarked for operational support. In 2024, foreign direct investment in the sector reached US$9.79 billion, reflecting a growth trend linked to favorable investment conditions.
Mineral exports increased to US$5.401 billion in 2025, with gold exports rising significantly. The government is advancing mineral value addition strategies, establishing six gold refineries and promoting local suppliers.
The Mining Commission issued 8,878 small-scale mining licenses and reported a rise in Tanzanian employment in the sector. The government is also focusing on critical minerals, with significant projects underway to boost economic contributions.
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