Proposal to Establish Tanzania Small-scale Miners’ Bank

TLDR

• The Bank of Tanzania (BoT) has approved a proposal to establish a bank for small-scale miners in Tanzania.
• The proposal was presented by the Federation of Miners Associations of Tanzania (FEMATA) during a meeting on August 20th, 2026, in Geita Region.
• BoT Governor Emmanuel Tutuba stated that FEMATA must submit a formal application to begin the establishment process.
• The bank must meet regulatory requirements, including having a conflict-free board and experienced management.
• FEMATA is required to develop a lending policy for the bank, which must be reviewed and approved by BoT.