Dodoma. Tanzania’s mining sector has achieved a major milestone, with its contribution to the national Gross Domestic Product (GDP) reaching 10.1 percent in 2024, surpassing the government’s 2026 target.
Speaking here on Wednesday, April 23, 2025, the Minister for Minerals Anthony Mavunde said the growth reflects the success of government reforms and the leadership of President Samia Suluhu Hassan, who has prioritised structural improvements and oversight in the sector.
“This is a historic achievement. The 2009 Mineral Policy and the Five-Year National Development Plan (2021/22 – 2025/26) had set a target for the sector to reach 10 percent of GDP by 2026. We are proud to have achieved this ahead of schedule,” said Mr Mavunde at a press briefing on April 23, 2025.
In 2023, the sector’s contribution stood at 9.1 percent. Mr Mavunde attributed the rise to sustained reforms, capacity-building for small-scale miners, and improved systems for revenue collection and mineral trading.
Among the key initiatives credited for the growth are the establishment of gemstone auctions, creation of local mineral markets and buying centres, and strengthened controls against smuggling. In addition, the Bank of Tanzania has started purchasing gold, adding value to the sector.
Mr Mavunde said legal and institutional reforms over the past four years have significantly improved transparency, compliance, and efficiency across the mining industry.
“We have made significant progress in improving productivity for all mining stakeholders, especially small-scale miners. This success is due to strategic leadership and the strong push from President Hassan,” he said.
He urged all stakeholders—including large, medium and small-scale miners—to continue working diligently, noting that the government remains committed to enhancing the regulatory environment.
The minister also called on investors to observe the laws and guidelines under the Mining Act, Cap. 123, and assured them of continued cooperation from the ministry.
“The mining sector is not only a key contributor to economic growth, but also a major source of foreign currency, jobs, and social development for Tanzanians,” said Mr Mavunde.
He emphasised that the government will continue creating a supportive environment to ensure the sustainability and profitability of the sector.
