Dar es Salaam. Treasury Registrar, Mr Nehemiah Mchechu, on Monday, March 2, 2026, met with Mr Keith Liddell, founder and chairman of the Lifezone Metals Limited, which co-owns Tembo Nickel Corporation Limited with the government of Tanzania through the Office of the Treasury Registrar (OTR).
The meeting took place at the Office of the Treasury Registrar in Dar es Salaam, with discussions focusing on the progress of the Kabanga Nickel Project in Kagera Region, a strategic investment valued at over $2.5 billion.
As one of Tanzania’s major strategic mining projects, Kabanga is expected to position the country as a key global hub for nickel production.
The timing of the meeting was particularly significant, given that the project is approaching its Final Investment Decision (FID), anticipated later this year.
Mr Mchechu emphasized that the government will continue to closely oversee the project’s implementation, ensuring it adheres to principles of transparency, accountability, and efficiency, while delivering wide-ranging benefits to Tanzanians.
He highlighted that the partnership between the government and investors demonstrates a strong commitment to responsibly developing the nation’s resources for both present and future generations.
Mr Liddell, for his part, expressed satisfaction with the progress achieved during the pre-FID stage and reaffirmed the company’s commitment to working closely with the government of Tanzania to successfully advance this world-class project.
The project represents a unique opportunity for Tanzania and the global nickel market, particularly at a time when demand is rising due to energy transitions and advances in modern technology.
According to a feasibility study completed in July 2025, Kabanga hosts one of the world’s largest and highest-grade nickel sulfide deposits ready for development.
Kabanga is expected to add significant value to Tanzania’s nickel resources through advanced processing technologies, create employment for Tanzanians, strengthen local skills, increase government revenues, and stimulate overall economic growth.
Its implementation will also enhance the value chain within the mining sector, further contributing to national GDP.
Company reports indicate that financing strategies are progressing through a multi-track approach, with detailed discussions ongoing with major strategic investors, financial institutions, and long-term nickel purchasers (off-takers).
On the international front, on December 8, 2025, President Dr Samia Suluhu Hassan held talks with the then Acting United States Ambassador to Tanzania, Andrew Lentz, with one of the key agendas being the acceleration of investment agreements for Kabanga Nickel and other strategic natural resource projects nearing financing.
In recent months, investment roadshows and in-person meetings have been conducted across Tanzania, Europe, Japan, South Africa, and the United States, engaging Export Credit Agencies (ECAs) and commercial banks.
The Kabanga Nickel Project continues to be a cornerstone of Tanzania’s strategy to increase the value of its mineral resources, strengthen industrial growth, and secure a competitive position in the global market for critical minerals essential for technological advancement and clean energy development.
