Dar es Salaam. Tanzania’s mining sector has recorded a significant milestone after reaching a 10.1 percent contribution to the Gross Domestic Product (GDP) in 2024—surpassing its target a year ahead of schedule, the government has said.
The target had been set under the Mineral Policy 2009 and the current National Five-Year Development Plan (2021/22–2025/26).
Speaking in Dodoma on Wednesday, April 23, 2025 the minister for Minerals, Anthony Mavunde, said the achievement reflects the impact of policy reforms and strong leadership under President Samia Suluhu Hassan.
“It is encouraging to witness the tangible outcomes of concerted efforts by the government and stakeholders. The sector’s contribution stood at 9.1 percent in 2023. It now stands at 10.1 percent. This is a noteworthy leap,” said Mr Mavunde during a media briefing.
He attributed the performance to key reforms, which include improved revenue collection, the establishment of gemstone auctions, tighter controls against mineral smuggling, as well as the creation of mineral buying centres and markets across the country.
Also contributing to the growth is the commencement of gold purchases by the Bank of Tanzania—a move that has bolstered formal transactions and added stability to the sector.
Mr Mavunde extended his appreciation to all sector players, including small-, medium- and large-scale miners, as well as institutional actors and officials, for their cooperation and commitment.
He urged both local and foreign investors to continue adhering to the Mining Act (Cap. 123), assuring them of the Ministry’s readiness to offer facilitation and support to responsible investors.
“These figures demonstrate the central role of mining in our national development. Beyond being an engine for economic growth, the sector is a key source of foreign exchange, job creation, and community transformation,” said Mr Mavunde.
He reiterated the ministry’s commitment to working towards the broader goals of Vision 2030, under the theme Minerals are Life and Wealth.
