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Proposal for Small-scale Miners to Pool Resources for Bank Establishment

Latest Tanzania mining news · Proposal for Small-scale Miners to Pool Resources for B… explained · updated Aug 21, 2026 · breaking news · latest updates · explained

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TLDR

  • The Bank of Tanzania (BoT) Governor, Emmanuel Tutuba, has approved a request for the establishment of a bank for small-scale miners.
  • The Federation of Small-Scale Miners’ Associations of Tanzania (FEMATA) is set to submit a formal application for the bank.
  • The BoT will provide guidance to FEMATA throughout the licensing process.

Latest news excerpts & sources: Proposal for Small-scale Miners to Pool Resources for B…

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BoT Governor, Emmanuel Tutuba approved the request noting that the central bank was ready to receive a formal application from the Federation of Small-Scale Miners’ Associations of Tanzania (FEMATA) and guide them through the licensing process.

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