Understanding the Tanzanian mining sector

Tanzanian Mining companies migrating to the Mining Act 2010 and a Lusaka revolution

Judge Mark Bomani (Bomani Commission)

This weekend Tanzanians were informed (viaThe East African- Tanzania seals new tax deal with mining firms) of the decision reached by ministry of energy and minerals and one of the giant mining company in the country, Geita Gold Mine, that new royalty rates will be applicable. The agreement includes scrapping of the 15% provision on the unredeemed capital expenditure...

Tanzania’s mining industry faces a dim future if the country fails to take immediate actions to stabilise its fiscal policy; it has been observed.

This is the sixth part of an article on politics of reforming the mineral sector in Tanzania. In the politics of reforming the mineral sector this week we explore and trace the new challenges that emerged amidst successes and the efforts the Forth Phase Government took to overcome and continue developing the mining sector in order to become the engine for economic growth of the country.

>The mining sector is still facing legal challenges in terms of delivering more economic gains for Tanzanians, despite legal reforms undertaken so far.

>The mining sector, along with other natural resource sectors, remains critical to African development and has been an important contributor to the continent’s growth over the last decade. In fact, it would not be an understatement to say that Africa’s mineral resources defined its relationship with the rest of the world, for at least the last few centuries, and thus recurrent references to the scramble for Africa.

Anxiety has heightened in the Zambian mining sector over possible mass job losses. According to the local media Mopani Copper Mine planned to send home some 4,000 workers due to the current slump in the world copper price.     

Here we present some top five women in Tanzania’s financial sector who have proved their mettle and have become an inspiration to many.     

Microfinance is a concept which has become very familiar throughout developing economies and has often been considered their salvation.

Tanzanian PM tries to halt debate on energy sector graft, angering lawmakers
swissinfo.ch
DAR ES SALAAM (Reuters) - Tanzania's government asked parliament on Thursday to cancel a planned debate on corruption allegations in the energy sector, angering some lawmakers who complained of a cover-up and potentially jeopardising some ...