By Jasper A. Kwayu
Tanzania’s Minister for Minerals, Anthony Peter Mavunde, has presented to Parliament the revenue and expenditure estimates for the minerals portfolio for the 2026/27 financial year, seeking approval for about $67.17 million to support sector operations, development work and institutional delivery.
The presentation sets a revenue collection target of about $539.73 million, with about $27.45 million, or 40.87 percent, directed to development projects.
Mavunde said Tanzania’s minerals sector has continued to strengthen its investment standing, citing the Fraser Institute’s 2025 Investment Attractiveness Index, where the country ranked fourth in Africa and 34th globally.
Tanzania’s score rose to 68.04 in 2025 from 62.75 in 2024, while its mineral resource potential ranking stood at 15th globally, with a score of 75.
