Tanzania intends to establish itself as the premier mineral trading center across East and Central Africa while halting exports of unprocessed ore concentrates. President Samia Suluhu Hassan announced the completion of the Tanzanite Exchange Centre in Mirerani and plans for a multipurpose refinery to increase domestic value addition and employment generation.
The administration will launch a Minerals Sovereign Wealth Fund to preserve extraction revenues for coming generations, recognizing that mineral deposits cannot regenerate once depleted. Hassan emphasized sustainable management strategies to transform underground resources into enduring economic advantages through enhanced processing capacity and investment attraction.
The government aims to expand the sector's contribution to national welfare and secure regional market leadership through local refinement operations rather than commodity exports.
The administration will launch a Minerals Sovereign Wealth Fund to preserve extraction revenues for coming generations, recognizing that mineral deposits cannot regenerate once depleted. Hassan emphasized sustainable management strategies to transform underground resources into enduring economic advantages through enhanced processing capacity and investment attraction.
The government aims to expand the sector's contribution to national welfare and secure regional market leadership through local refinement operations rather than commodity exports.
