Tanzania Launches USD 1.2B Uranium Plant in Namtumbo With Projections of 8,700 Jobs and USD 1B Revenue

Tanzania launched a USD 1.2B uranium ore pilot processing plant in Namtumbo. The project, owned by Mantra Tanzania Limited, is expected to generate over 8,700 jobs and deliver USD 1B in revenues to the government, which holds a 20% stake. The project is aligned with Vision 2050 to position Tanzania among the top global suppliers of nuclear energy inputs.
Tanzania Mantra Uranium Plant Namtumbo

Tanzania has launched a USD 1.2B uranium ore pilot processing plant in Namtumbo District, Ruvuma Region, expected to create over 8,700 direct and indirect jobs and generate USD 1B in government revenue.

The facility, owned by Mantra Tanzania Limited, was officially inaugurated on 30 July 2025 by President Samia Suluhu Hassan.

The Tanzanian government holds a 20% stake in the project and expects to benefit from taxes, royalties, and dividends as part of its revenue share.

Tanzania Investment Guide 2026 Free Edition

Speaking during the launch on 30 July 2025, Tanzania’s President Samia Suluhu Hassan emphasized the importance of ensuring the project delivers tangible socio-economic benefits to Tanzanians, particularly to those living near the project area.

“We want Tanzanians to see direct benefits from this project. It is our duty to ensure employment is provided to citizens, especially in areas surrounding the project, and that the revenue strengthens social services,” President Samia stated.

She further described the uranium project as a strategic investment capable of transforming the national economy by creating jobs and increasing domestic revenues.

“This pilot plant is part of our broader strategy to ensure uranium resources are used to benefit all Tanzanians while ensuring health, environmental safety, and compliance with international standards,” she said.

President Samia also called on Mantra Tanzania Limited to prioritize local community engagement and fulfil its social responsibilities while urging government institutions to enforce environmental standards.

TanzaniaInvest Capital Markets Report Banner

She noted that Tanzania holds some of the largest uranium reserves in Africa, including an estimated 60,000 tonnes of uranium ore at the Mkuju River site, positioning the country prominently in global resource ownership.

The uranium project is aligned with the Vision 2050 strategy, which aims to make Tanzania an industrialized, upper-middle-income economy and one of the world’s top ten suppliers of critical inputs for clean nuclear energy.

President Samia added that Tanzania would continue learning from countries with experience in uranium mining, such as Namibia, to ensure environmental sustainability is maintained throughout the project’s implementation.

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.

Download Free OverviewGet the Full Edition for Free
Related Posts
EU-Tanzania Roadshow 2026 APM Terminals at Maasvlakte Rotterdam
Read More

EU–Tanzania Roadshow Ends With Rotterdam and Antwerp Port Visits as Tanzania Pitches Port, Rail and Logistics Opportunities to European Companies

The EU-Tanzania roadshow ended in Antwerp on 6 October 2026 after port visits in Rotterdam, with Tanzania's port and rail authorities pitching openings for terminal operators, EPC contractors, private rail operators and digital rolling stock tracking, while rail operator Vecturis, minerals logistics group Polytra, heavy lifting company Sarens and marine data company GEOxyz outlined their plans in Tanzania. The EU said it will join the World Bank and the EIB, which has a formal financing request, in supporting the Dar es Salaam port expansion, and offered Global Gateway guarantees, equity and feasibility funding for company projects screened by member states.
EU-Tanzania Roadshow 2026 The Hague day 1 opening Mkumbo
Read More

EU–Tanzania Roadshow Reaches The Hague With Coffee, Cashew, Critical Minerals, and Port Investment Pitches

The EU-Tanzania roadshow reached The Hague on 5 October 2026 for its final leg, where Tanzania pitched coffee and cashew processing, wheat and edible oils, critical minerals, the new Bagamoyo and Mwambani ports on the mainland, Zanzibar's Mangapwani port hub, four dry ports, and two new lines of the standard gauge railway network to around 90 businesses. Agriculture emerged as the priority sector for European and Dutch investors, with the best opportunities in food production and value addition, backed by Dutch expertise as the world's second-largest agricultural exporter.
EU-Tanzania Roadshow 2026-2027 Helsinki day 2 critical minerals visit
Read More

Tanzanian Delegation Visits EU’s Only Nickel Smelter, Metso Research Center, and Nokia on Day Two of EU-Tanzania Roadshow in Finland

On 29 September 2026, the second day of the EU-Tanzania roadshow in Finland, the Tanzanian delegation visited Metso's Pori Research Center, where around 180 experts work on mineral processing, hydrometallurgy, battery materials, and smelting, and Boliden's Harjavalta site, home to the only nickel smelter in the EU. The digital track included visits to Nokia, the Finnish Information Security Cluster, and technology company Gofore, with talks on digital sovereignty, digital public infrastructure, and Tanzania's move to a cashless economy.