Economic activities in Geita Region have gained significant momentum following the positive impact of the Katoro and Geita Mineral Markets and their associated mineral buying centres, which have emerged as key drivers of employment creation, business growth and increased cash circulation within mining communities.
Speaking on the contribution of the markets, the Geita Resident Mines Officer, Geologist Samwel Shoo, said the establishment of mineral markets and buying centres has strengthened formal mineral trade through the introduction of an indicative pricing system aimed at protecting small-scale miners and enhancing transparency in mineral transactions.
He noted that through the markets and buying centres, small-scale miners are now able to sell their minerals at fair and competitive prices, resulting in improved incomes and better livelihoods, including the ability to meet essential social needs such as education, healthcare and decent housing.
Geologist Shoo further explained that the expansion of mineral market activities has attracted a wide range of stakeholders, including traders, transporters and service providers, thereby stimulating the growth of small and medium-sized enterprises and creating employment opportunities, particularly for youth and women in surrounding communities.
Overall, he said, the Katoro and Geita Mineral Markets and mineral buying centres have contributed to increased government revenue, strengthened oversight of the mineral sector and promoted sustainable socio-economic development across Geita Region.