DAR ES SALAAM— Tanzania’s mining sector received a fresh boost on Thursday as new data showed mining investment climbed toward $10 billion, positioning the country as a primary destination for global gold developers amid record-high prices.
The surge in mining activity coincides with President Samia Suluhu Hassan’s administration pivoting toward value-addition.
The news of a potential joint regional refinery in Tanga, discussed at the Nairobi summit, has further buoyed investor confidence.
Analysts say the refinery would not only serve the oil sector but could catalyze broader industrial development along the Tanzanian coast.
With central banks globally expected to purchase 850 tonnes of gold in 2026, Tanzanian projects led by Lake Victoria Gold and TRX Gold are accelerating production.
The government is banking on this “gold rush” and regional infrastructure partnerships to maintain its status as one of Africa’s fastest-growing economies.
