Tanzania to ink MoU to boost mining sector
A MoU between mining sectors in Tanzania Mainland and Zanzibar is set to be inked with a purpose of strengthening, reconciling and formalizing systems between the sectors.
Permanent Secretary in the Ministry of Minerals, Kheri Mahimbali, made the announcement and said the ministry has also has initiated the process of recruiting an expert who will support the development of a 10-year mining strategy. This strategy will complement other development plans and set specific objectives for maximizing the development outcomes of mineral resources exploitation.
Sustainable mining
The Ministry plans to engage with various stakeholders, both large and small, to understand their concerns and find ways to address them. They will also work on resolving some of the mining tax issues that investors have faced in the past two years. The Ministry aims to improve the tax regime in the mining industry and collaborate closely with key stakeholders and government agencies.
Moreover, discussions have been held on leveraging partnerships for sustainable mining with representatives from diplomatic missions in Tanzania. These discussions covered various topics, including government-to-government opportunities and capacity development. India has committed to offering 400 scholarships, and the Ministry expressed gratitude for this support, hoping that other development partners will follow suit.
Mahimbali emphasized the importance of working in a sector that significantly contributes to the country’s economy. In the third quarter of the previous year, the mining sector accounted for 9.7% of the GDP. These initiatives and plans demonstrate the Ministry of Minerals’ commitment to improving the mining sector in Tanzania and fostering sustainable growth and development.
