Mining to speed up economic growth in Tanzania

Abstract

The contribution of the mining sector to Tanzania’s economy is set to increase tremendously in the next five years as several new major mines go into production, Tanzania Chamber of Minerals and Energy (TCEM) predicts. Currently, the sector contributes an estimated 3.5 per cent to Tanzania’s gross domestic product. Statistics from the TCME report shows that between 1997 and 2011 a total of $10.1billion (Sh16 trillion) worth of minerals were sold by the chamber’s 60 members.