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Revenue Collection Target Set at Sh33 Billion for 2026/27 Financial Year

Latest Tanzania economy news · Revenue Collection Target Set at Sh33 Billion for 2026/… explained · 2026 updates · updated Aug 19, 2026 · economy news · GDP · investment

TLDR

  • Tanzania is developing heavy mineral sands with mining operations at the Fungoni-Kigamboni and Tajiri projects.
  • Nyati Mineral Sands Limited is the joint venture company managing these projects, with the Tanzanian government holding a 16 percent equity stake.
  • Deputy Minister for Minerals Dr. Steven Kiruswa has directed the company to accelerate the construction of the mineral processing plant in Tanga Region.
  • The government has granted a two-year temporary permit for the export of raw minerals to allow the company time to complete the processing plant.
  • This initiative is part of the government's commitment to process minerals locally before export.

Latest news excerpts & sources: Revenue Collection Target Set at Sh33 Billion for 2026/…

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