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Tanzania Minerals Sector to Contribute 10% of GDP by 2025

January 21, 2014
1 minute read

As part of the Governments National Development Vision, it is expected that the minerals sector will contribute 10% of GDP in Tanzania by 2025.

The prediction was announced by Professor Sospeter Muhongo, Minister for Energy and Minerals while attending a workshop in Tanzania organised by the Geological Survey of Tanzania (GST).

It is hoped that the mining sector can be used as a stimulus for generating positive socioeconomic impacts and address key social issues such as poverty by increasing its contribution to GDP rom 5% currently to 10% by 2025.

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Mr Eliakim Maswi, Permanent Secretary to the Ministry of Energy and Minerals added that by improving the socioeconomic impacts of mining, local and foreign investments would also be enhanced.

The mining sector recorded a 7.8% growth rate in 2012 and continues to play an important role in the Tanzanian economy providing jobs, investments and supplier contracts.

Gold is still the most valuable mineral for the Tanzanian economy, accounting for 94% of total mineral exports in 2012.

Want to know more about Mining in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Mining, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

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