DAR ES SALAAM, Oct. 27 -- TANZANIA has a fantastic opportunity to turn its mineral wealth into a more robust economy, increased foreign exchange reserves, industrial growth and jobs.

However, policymakers face a crucial question: Should the nation prioritise securing internationally renowned London Bullion Market Association (LBMA) Good Delivery certification, as South Africas rand refinery has, or continue issuing licenses and building more gold refineries? Tanzanias success is best measured by the economic value it earns per gramme of gold produced, not by how many refineries it builds.

Setting installed refinery capacity aside, eight facilities were operating in Tanzania as of October 22, 2026, with two more scheduled to open in Mara...