Allafrica iconAllafricaSep 28, 2026 ~4 min source read

Tanzania’s mineral sales reach 7.78 trillion/- in first half of 2026

Sales from January to June hit 7.78tri/-, about 66.5% of 2025’s total, backed by higher formal-sector participation and Bank of Tanzania gold purchases that boosted reserves.

Mineral Sales Hit 7.78tri/ - in Six Months

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Useful takeaways from this story.

Mineral sales were 7.78 trillion/- in Jan–Jun 2026, roughly two-thirds of 2025’s 11.7 trillion/- total.

Bank of Tanzania bought 34 tonnes of gold since 2024 (worth about $4.7bn or ~12.5tri/-), raising foreign reserves by $2.05bn to $6.03bn.

Formal-market participation by licensed miners and government reforms are credited with expanding regulated trade and revenues.

# What happened Tanzania recorded mineral sales of 7.78 trillion/- between January and June 2026. That amount equals about 66.5% of the 11.7 trillion/- mineral sales reported for the whole of 2025. The figures were released by the Tanzania Trade Development Authority (TanTrade) Deputy Director General Fredy Liundi during a mining technology exhibition in Geita.

# Why this matters A half-year total that reaches two-thirds of the previous year's full total signals faster activity and revenue collection in the mining sector. The government points to increased participation by licensed small-, medium- and large-scale miners in the formal market and reforms to the business environment as the main drivers behind the higher sales.

# The role of the Bank of Tanzania (BoT)

BoT had set a target to buy 20 tonnes in the current financial year but purchases have already reached 34 tonnes, which the bank attributes to strong cooperation with the Ministry of Minerals and the Mining Commission.

# Government measures and planned actions

# Historical context and trend Hassan took office in 2021, annual mineral sales were around 7.2 trillion/-. The 2026 half-year performance points to sustained expansion compared with that baseline and last year's full-year figure.

# What to watch next

  • Whether full-year 2026 mineral sales exceed 2025's 11.7 trillion/- depends on second-half output and continued formal-market compliance.
  • Progress on the geophysical survey expansion to 50% of land area by 2030, which could lower entry and exploration costs for smaller miners.
  • How BoT's continued gold purchases affect foreign reserves and the exchange-rate environment.

# Sources quoted

  • Fredy Liundi, TanTrade Deputy Director General, on six-month sales and sector reforms.
  • Glory Maembe, Senior Financial Analyst at BoT, on gold purchases and reserve impacts.
  • Dr Steven Kiruswa, Deputy Minister for Minerals, on survey expansion plans.

# Bottom line Tanzania's mining sector posted a strong first half of 2026 driven by higher formal-market participation and an active central-bank gold purchase programme. Policy steps targeting exploration data and formalisation could sustain revenue growth if implementation continues and second-half activity holds up.

More context around this story.

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