Key achievements of Tanzania’s mining sector in 2022.

Key achievements of Tanzania’s mining sector in 2022.

By Kheri Mahimbali

Increased contribution to GDP

The mining sector’s contribution to the country’s gross domestic product (GDP) reached 9.1% in 2022, demonstrating its vital role in the national economy (from 6.7% in 2020).

Strong growth

The sector also experienced significant growth, reaching 10.9% in 2022. This positive trend indicates the sector’s resilience and potential for further development.

Booming exports

The value of minerals exported abroad reached a staggering $3.4 billion in 2022, representing 56% of total exports. This highlights the mining sector’s importance in generating foreign exchange for the country.

Increased government non-tax revenue

Government non-tax revenue collection from the mining sector amounted to TZS 678 billion in the 2022/23 fiscal year, demonstrating its substantial contribution to public finances.

Tax revenue growth

Tax revenue generated from mining activities reached TZS 808.9 billion in the 2022/23 fiscal year, further emphasising the sector’s impact on government income.

Vision for the future: Mining as the engine of development

The Ministry of Minerals is committed to working closely with the newly-appointed team of experts under the leadership of Prof. Kitila Mkumbo, Minister in the President’s Office ( Planning and Investment), to prepare and implement the National Development Vision for 2050.

The ministry firmly believes that the mining sector will be the driving force behind national development and contribute significantly to economic prosperity.

Ambitious goals for the future

Tanzania aspires to become a leader and hub in strategic minerals on the African continent.

Gemstone dominance 

The country also aims to solidify its position as Africa’s leading producer and exporter of gemstones.

Integrated sector development

The ministry plans to integrate the mining sector with all other sectors within the national economy, creating a synergistic and mutually beneficial relationship.

Collaboration for sustainable growth 

The Ministry of Minerals acknowledges the importance of collaboration with stakeholders within Tanzania and internationally to achieve sustainable growth in the mining sector.

This collaborative approach will ensure responsible resource management, environmental protection, and equitable distribution of benefits for all Tanzanians.

The ministry’s commitment

Sustainable mining practices: Implementing best practices to ensure responsible and environmentally conscious mining operations.

Community engagement: Engaging with local communities and ensuring their concerns are addressed and benefits are shared.

Transparency and accountability: promoting transparency and accountability in all aspects of the mining sector.

The Ministry of Minerals will continue to collaborate with stakeholders both within and outside Tanzania to unlock the full potential of the mining sector and contribute to the country’s long-term growth and prosperity.