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Call for Greater Local Processing of Natural Resources in Africa

Latest Tanzania economy news · Call for Greater Local Processing of Natural Resources… explained · updated Aug 18, 2026 · economy news · GDP · investment

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TLDR

  • Tanzania and the Democratic Republic of Congo (DRC) have agreed to deepen economic cooperation in key areas such as trade, mining, transport, energy, and infrastructure.
  • The agreement was reached on August 18, 2026, during talks between President Samia Suluhu Hassan and President Félix Antoine Tshisekedi Tshilombo in Zanzibar.
  • Both leaders emphasized the importance of improving the business environment and easing cross-border trade to promote value-added goods production.
  • The countries plan to enhance cooperation in geological research, mineral extraction, processing, and value addition in the mining sector.
  • Transport and energy projects will be accelerated to improve regional connectivity and reduce the cost of moving goods.

Latest news excerpts & sources: Call for Greater Local Processing of Natural Resources…

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President Tshisekedi said his visit had provided a platform for strengthening relations between Tanzania and the DRC, while calling for greater efforts by African countries to add value to their natural resources within the continent.

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