The Government of Tanzania is considering a series of measures aimed at strengthening the country's small-scale mining industry through improved access to financing, technology, and geological information.

A government-appointed committee submitted recommendations on June 13, 2026, proposing the creation of a Tanzania Mining Fund to finance eligible mining projects, support the purchase of equipment and machinery, and improve operational efficiency across the sector.

The committee also suggested that the fund could eventually lead to the establishment of a specialized Miners’ Bank offering financial services tailored to mining businesses.

Government officials emphasized that addressing financial and technological barriers is essential for increasing employment, reducing poverty, and supporting Tanzania’s Vision 2050 development goals.Minister of State for Planning and Investment Prof.

Kitila Mkumbo stated that the initiative aligns with national priorities focused on expanding access to capital, creating jobs, and improving living standards.He noted that regions with significant mining activity, such as Geita, continue to face high poverty levels despite strong mineral production.

Minister for Minerals Anthony Mavunde highlighted the importance of small-scale miners, who currently contribute about 40% of government mining-sector revenue.

He reported that mining revenue has grown substantially over the past decade, increasing from TZS 161 billion in the 2015/16 fiscal year to more than TZS 1.3 trillion by June 2026.According to Mavunde, the government's long-term objective is to help small-scale miners develop into medium-sized and large-scale operators.

The recommendations also include expanding the Credit Guarantee Corporation to help miners secure loans and prioritizing financing for machinery and technology purchases rather than direct cash lending.

Industry representatives welcomed the proposals and praised the government's decision to allocate a portion of mining revenue to mineral research, viewing the measures as an important step toward sustainable growth in the sector.