The government is taking steps to tackle challenges facing the country’s gold trade and refining sector, while urging closer collaboration with the National Mining Corporation (STAMICO) to improve the investment environment, officials said on Thursday.
Speaking during an official visit to the Mwanza Gold Refinery, Deputy Minister for Planning and Investment, Dr. Pius Stephen Chaya, said the government has directed relevant institutions to establish a One-Stop Service Center at border points to streamline procedures for traders and investors importing gold into the country.
“We have instructed our colleagues in the ministry to establish integrated government service centers at border points, similar to the TISEZA center in Dar es Salaam. This will reduce inconvenience for our investors,” Dr. Chaya said.
He also pledged that the government is reviewing the 1 percent inspection levy on imported gold, saying it is under assessment to find solutions that will not compromise either government revenue or the growth of the mining sector.
STAMICO Secretary, Mudrikat Kiobya, noted that the levy has been a challenge for many foreign traders, limiting gold inflows and affecting refining and trading operations nationwide.
The government’s move to streamline border services and review levies could improve investor confidence and efficiency in Tanzania’s gold sector, which remains a key contributor to export revenue.
Dr. Chaya emphasized that closer cooperation between STAMICO and the government will be critical in creating a more predictable business environment, promoting legal gold trade, and supporting long-term sector growth.
