All very positive16 Nov 2024 09:14
Even the part about women
Tanzania Targets Becoming Africa’s Mining Investment Hub – Key Insights from Dr. Steven Kiruswa and Eng. Benjamin Mchwampaka
Tanzania is positioning itself as a premier destination for mining investment in Africa. During a recent interview on City FM’s Morning in the City, Deputy Minister of Minerals Dr. Steven Kiruswa and TCM Executive Secretary Eng. Benjamin Mchwampaka shared vital updates ahead of the 2024 International Mining Investment Conference.
Key Takeaways:
🔹 Expanding Opportunities in Mining
Tanzania aims to attract local and international investors across the mineral value chain—from exploration to global markets.
Theme for 2024: "Value Addition in Minerals for Economic and Social Development."
🔹 Advancing Exploration and Strategic Minerals
Only 16% of Tanzania has undergone detailed mineral exploration; Vision 2030 targets 50%.
With significant reserves of graphite, nickel, cobalt, and lithium, Tanzania is set to play a critical role in clean energy transitions.
🔹 Empowering Small-Scale Miners
Small-scale miners contribute 40% of sector revenue.
Programs like Mining for Brighter Tomorrow (MBT) are providing training, market access, and financial support.
🔹 Focus on Women’s Participation
Women are encouraged to own mining licenses, form cooperatives, and access financing.
Special initiatives are underway to integrate women into the mining ecosystem.
🔹 Boosting Local Content and Revenue
43 mineral markets and 105 buying centers have been established to curb smuggling and enhance revenue.
Tanzanians are being empowered to participate in technical services and investments across the value chain.
What the Experts Are Saying:
Dr. Steven Kiruswa: “We are committed to transforming Tanzania into Africa’s mining investment hub through strategic policies, local participation, and a focus on sustainability.”
Eng. Benjamin Mchwampaka: “The Tanzania Chamber of Mines is working closely with the government to ensure a thriving mining sector that benefits all stakeholders.”
Looking Ahead
The 2024 International Mining Investment Conference is set to be a key platform for advancing Tanzania’s mining ambitions. With targeted strategies and stakeholder collaboration, the country is poised for sustainable growth in the global mining sector.
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