In a major economic milestone, Tanzania’s mining sector has reached a 10.1% contribution to the national Gross Domestic Product (GDP) for the year 2024 exceeding the national target a full year ahead of schedule.
The goal was originally set in the 2009 Mineral Policy and reiterated in the current Five-Year National Development Plan (2021/2022 – 2025/2026).
The announcement was made on April 23, 2025, by the Minister of Minerals, Anthony Mavunde, during a press briefing in Dodoma.
Speaking to journalists, Minister Mavunde attributed this unprecedented achievement to the bold leadership of President Dr. Samia Suluhu Hassan.
"This milestone is a result of the visionary leadership and clear direction of Her Excellency President Samia Suluhu Hassan. Her commitment to reform and good governance has propelled this sector to new heights," he said.
According to Mavunde, in 2023 the mining sector contributed 9.1% to the GDP. The leap to 10.1% in 2024 marks not just economic growth but a validation of the country’s strategic reforms.
"It’s something to be proud of. In just one year, we’ve seen tangible results from the collaborative efforts of government, investors, and all stakeholders. This is no small achievement," he added.
The minister credited the growth to several structural and legal reforms introduced by the Sixth Phase Government, including tighter regulations, enhanced transparency, and innovative revenue collection mechanisms.
Key initiatives cited include the introduction of gemstone auctions, tighter controls on mineral smuggling, the creation of regional mineral markets and buying centers, and the launch of gold purchases by the Bank of Tanzania (BoT).
“These reforms have not only improved efficiency but have also ensured that mineral resources benefit the nation directly,” said Mavunde.
“For example, the establishment of mineral trading centers across the country has brought formal markets closer to small-scale miners, increasing both compliance and incomes.”
He also took the opportunity to express appreciation to industry stakeholders. “I want to sincerely thank our large, medium, and small-scale miners, as well as the officials and staff within the Ministry and affiliated institutions. Their professionalism and dedication have been instrumental in this success,” Mavunde said.
The minister urged investors to continue operating within the framework of Tanzania’s Mining Act (Cap. 123), emphasizing that regulatory compliance is essential for sustainable growth.
“Our doors remain open to those willing to invest responsibly and in accordance with the law. The government is committed to creating an enabling environment for all,” he said.
Mavunde concluded by highlighting the broader impact of the mining sector on Tanzania’s development.
“This sector is not just about economic numbers it’s about transformation. It’s generating foreign exchange, creating jobs, and driving social development. We are witnessing the true potential of mining as a cornerstone of national prosperity,” he remarked.
