Tanzania marked a watershed moment in the mining journey, as we had the privilege of engaging with the esteemed leadership of The Broken Hill Proprietary Company Limited (BHP) and Lifezone Metals, global mining giants.
This encounter holds immense significance for the Government of the United Republic of Tanzania as we forge a partnership with these industry leaders through our subsidiary company, Tembo Nickel, to construct a groundbreaking refinery in Africa.
This state-of-the-art multi-metal processing facility will refine critical minerals from countries across Sub-Saharan Africa. The Ministry of Minerals applauds the enthusiastic response demonstrated by UK investors and pledges to reiterate the same with a collaborative environment for the mutual benefit of our Nations.
We extend our most profound appreciation to the Tanzania Diaspora for their dedication and invaluable insights. We will embrace their views and suggestions and encourage more engagement from them.
Also read Must Know: Top Potential Sectors to Invest in Tanzania.
Our visit has yielded valuable takeaways, prompting us to address critical aspects that will enhance investor engagement:
- Empowering Miners with Compelling Business Information: We recognise the paramount importance of miners possessing compelling business information to attract investments. To address this, we will collaborate with prominent Tanzanian consulting firms to develop a project pipeline with a detailed Investment Deck which will attract investment decisions;
- Streamlining Sector Statistics and Data Coordination: We acknowledge the urgent need for enhanced coordination of national statistics related to the sector. To address this, we will implement robust data management practices and provide access to key stakeholders;
- Elevating Ministry Officials’ Skills and Knowledge: We recognise the importance of equipping our team with the necessary skills and knowledge to meet global standards. To address this, Tanzania will implement an apprenticeship program that intends to provide industrial Linkage with relevant skills required to date. This program will cater to our officers and selected students at universities nationwide.
To facilitate seamless communication and collaboration between the Ministry of Minerals and investors, we will appoint a Dedicated Officer to sit within the Tanzania Investment Center (TIC) for quick response and facilitation on issues related to the sector. This dedicated officer will serve as a bridge between the ministry and investors, ensuring that inquiries and concerns are addressed promptly and effectively.
It is worth noting that in 2022, the mining sector witnessed an impressive growth of 10.9%, contributing 9.1% to the GDP and constituting an impressive 56% of all foreign exchange in the country. These figures underscore the sector’s pivotal role in Tanzania’s economic growth and development.
Achieving our ambitious goals necessitates the active participation of public and private stakeholders, local and foreign. We wholeheartedly welcome input and advice to fortify this sector, underscoring that success is a collective endeavour.
