The Tanzanian Ministry of Minerals has unveiled a TZS 174.98 billion budget for the 2026/27 financial year, targeting a massive TZS 1.41 trillion in revenue. Presented by Minister Anthony Mavunde, the budget reflects a sector in rapid ascendancy, with its GDP contribution reaching 11.9% and mineral exports surging by 31.1% to over USD 5.4 billion in 2025. Gold remains the primary driver, accounting for USD 4.75 billion of that total.
A central pillar of the new fiscal plan is the Critical and Strategic Minerals Strategy, focusing on resources like lithium, graphite, and rare earth elements. A standout project is the Panda Hill niobium development, which is expected to catapult Tanzania into the world’s top four niobium producers while generating significant employment and TZS 2 trillion in government dividends.
To further industrialize the sector, the government has designated Buzwagi as a specialized hub for value-addition and manufacturing. This initiative aims to move beyond raw exports by promoting domestic smelting and refining, supported by six existing gold refineries currently seeking international LBMA accreditation. With FDI stocks hitting USD 9.79 billion and a high global ranking for mineral potential, Tanzania is aggressively positioning itself as a premier destination for modern, technology-driven mining investment
