Tanzania: From Rocks to Riches - How 2026/27 Budget Advances Mineral Processing Ambitions

Tanzania: From Rocks to Riches - How 2026/27 Budget Advances Mineral Processing Ambitions

Dar es Salaam -- FOR decades, Tanzania has been known as one of Africa's top mineral-rich countries. Its exports and government revenues have benefited greatly from resources like gold, diamonds, tanzanite, graphite, nickel, rare earth elements, coal and iron ore.

Tanzania Budget 2026 reshapes extractive sector fiscal framework

On 11 June 2026, when the Tanzanian Minister for Finance, Hon. Ambassador Khamis Mussa Omar, delivered the country’s National Budget Speech, the landscape for investment in the extractive industries fundamentally changed. Exemptions A major reform for this sector is the proposed amendment of the Income Tax Act to recognise tax exemptions granted under Framework Agreements …