Tanzania has started compensating residents for the Engaruka Soda Ash Project, allocating TZS 14.48B. The project, led by NDC, aims to establish two factories producing 1M metric tonnes of soda ash annually, reducing imports and driving industrial growth. Environmental approvals have been secured.
Barrick Gold Corporation has invested over $4.24 billion into Tanzania's economy since the 2019 establishment of its Twiga joint venture. In 2024 alone, the partnership contributed $888 million, emphasizing local employment, community projects, and sustainable mining practices.
Tanzania’s Minister for Minerals, Anthony Mavunde, detailed the government’s 2025 priorities for the mining sector. Key areas include resolving miner conflicts, enhancing investment through TIC, improving geological research, supporting small-scale miners with training and loans, and adopting advanced mining technologies like CIP plants.
According to the Bank of Tanzania's Monthly Economic Review for December 2024, Tanzania's exports grew to USD 15.87 billion in the year ending November 2024, driven by gold, horticulture, and tourism, with over 2 million tourist arrivals. Transport earnings also increased, contributing to a 14% rise in services exports.
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