Cape Town: Tanzania is repositioning itself as a hub for mining investment in Africa, emphasising domestic mineral processing and regulatory reforms to attract global capital.
Mining Minister Anthony Mavunde told investors at the 2026 Mining Indaba that Tanzania wants to move beyond exporting raw minerals towards building in-country processing capacity.
The initiative aligns with Tanzania’s President Samia Suluhu Hassan’s industrialisation agenda, which prioritises private-sector participation and long-term value creation.
Officials highlighted efforts to modernise geological data, streamline licensing, and provide regulatory predictability.
African mining ministers push for domestic value addition to boost economies
The World Bank described Tanzania’s mining sector as a “strategic pillar” for growth and employment.
While gold remains a mainstay, the government is increasingly focused on critical minerals such as graphite, nickel, and rare earth elements – essential for renewable energy and electric vehicles.
Projects such as the Faru Graphite Mahenge development in Morogoro and Plantcor Mining’s gold venture in Geita signal Tanzania’s intent to capture more value domestically.
Domestic finance is also playing a larger role, with NMB Bank working alongside investors and legal advisers to structure funding and compliance frameworks.
Authorities say transparent, investor-friendly policies will attract long-term capital while ensuring local communities benefit from jobs, skills transfer, and infrastructure development.
