Government calls for investment in gold processing factories Geita

By The Respondents Reporter

The Government has called on both local and foreign investors to establish gold milling and processing factories in Geita Region, aiming to increase mineral value, create jobs, protect the environment, and boost national revenue.

John Maganga, a Geologist from the Office of the Regional Mining Officer, made the call during a tour of mineral markets in Geita. 

He said the region offers vast opportunities for investment due to the high gold production by small- and medium-scale miners.

“Despite strong production, the lack of processing factories means much of the gold is sold in raw form, reducing its value and denying both citizens and the Government significant revenue,” Maganga explained.

He added that building gold processing plants now would help reduce the use of mercury, protect public health and the environment, and increase Government earnings.

Maganga highlighted that these factories would complement the official mineral markets, which have strengthened transparency, improved security, and curbed illegal trade that previously led to revenue losses.

The markets have become key drivers of Geita’s economic growth by creating jobs, stimulating business, and circulating cash. Miners now sell their gold at market prices through official Government channels, ensuring fair returns.

Peter Jamhuri, a Mining Assessor, said the digital systems used in mineral markets have improved transparency and efficiency by providing accurate sales data. This allows traders to access loans from financial institutions and expand their businesses.

“Today, traders receive reliable sales reports, which serve as crucial documents for financial institutions, boosting business growth and further investment,” he said.

Gold trader and owner of Gambo Mining Ltd, Magambo Magambo, praised the official mineral markets for transforming the sector and supporting local entrepreneurs. 

He also commended President Dr. Samia Suluhu Hassan for implementing policies and systems that continue to drive the development of the mining sector and strengthen the national economy.