Congratulations to Her Excellency Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania, on the 62nd anniversary of the Independence of Tanzania’s mainland.
We participated in the First National Forum on the National Vision for Development 2050 in Dodoma yesterday. Honourable Anthony Peter Mavunde, Minister of Minerals, took the opportunity to reflect on the implementation and key achievements of the Mining sector towards the Tanzania Development Vision 2025.
Key Achievements of the Mining Sector in 2022
- 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.
- 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 US$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 TZS678 billion in the 2022/23 fiscal year, demonstrating its substantial contribution to public finances.
- Tax Revenue Growth: Tax revenue generated from mining activities reached TZS808.9 billion in the 2022/23 fiscal year, further emphasizing the sector’s impact on government income.
Vision for the Future: Mining as the Engine of Development:
The Ministry of Minerals committed to working closely with the newly appointed team of experts under Honourable Prof. Kitila Mkumbo, Minister in the Presidents’s Office — Planning and Investment, to prepare and implement the National Development Vision 2050. The Ministry firmly believes the mining sector will drive national development and contribute significantly to economic prosperity.
Ambitious goals for the future include:
- Strategic Mineral Leadership: 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 acknowledged 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 remains committed to:
- Sustainable Mining Practices: Implementing best practices to ensure responsible and environmentally conscious mining operations.
- Community Engagement: Engage with local communities and ensure 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 collaborating with stakeholders within and outside Tanzania to unlock the full potential of the mining sector and contribute to the country’s long-term growth and prosperity.
You may also read Boosting Mining’s GDP Contribution in Tanzania: A 2025 Vision.
