Mining powers past Vision 2025 goal, revenue tops 1tri/-
TANZANIA, June 8 -- THE mining sector has achieved a milestone once considered highly ambitious, contributing 10.1 per cent to Gross Domestic Product (GDP) in 2024 and surpassing the Vision 2025 target a year ahead of schedule.
The achievement caps nearly two decades of sweeping reforms that have transformed mining from a marginal contributor accounting for just 3.5 per cent of GDP in 2008 into one of the countrys leading economic sectors.
The sectors contribution to GDP has been matched by a dramatic expansion in government revenues, which have increased more than fivefold over the past decade. According to Minister for Minerals Anthony Mavunde, collections surpassed the trillionshilling mark for the first time in 2024/25, reaching 1.0...
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