Revenue collection from the mining sector is set for a historic record as the government eyes an annual turnover of over 600bn/- during the 2020/21 financial year.
Mining sector, springing up at an average of 17.7 percent, is the fastest growing industry followed by construction, thanks to the reforms spearheaded by President John Magufuli’s administration.
Minister for Minerals Mr Doto Biteko revealed that the government expects to generate more than 600bn/-, the highest collection ever registered since the country’s independence.
The minister made the revelation yesterday when he visited the ongoing Geita Mining Exhibition at Bombambili grounds on the outskirts of the town.
He said the mining sector’s contribution to the government’s coffer rose from 161bn/- in 2014 to 528bn/- in 2020. The sector accounts to 52 percent of all foreign currency and commands 51.9 percent of the value of the exported products.
“The reforms in the mining sector have accelerated considerable transformation in the industry. Currently, tables have also turned as majority Tanzanians are now involved in exporting minerals,” he said.
According to the minister, Tanzania, which ranks third in Africa and 18th in the world, is among countries with massive gold reserves.
“We have phased out bureaucracies and I can confirm that we now receive foreigners, who want to sell their gold into our markets,” he said.
Under the new reforms, the government established mineral markets across all the regions. In Geita alone, there are nine gold markets.
He lauded the Geita regional and local authorities for organising the unique platforms that bring together small scale miners, entrepreneurs and large mining firms to showcase their technologies as well explore more opportunities in the sector.
Geita Regional Commissioner Eng Robert Gabriel explained that the exhibition was basically designed to help small miners and entrepreneurs in the mining sector meet with the markets.
“We meet here to understand our stages for growth as well as challenges we face,” he said.
Gold worth over 1.96bn/- transact every day in the region’s gold markets, according to the RC.
Eng Gabriel said the contribution of smallholder miners is set to increase should the group adopt latest technology in their line of operation. He urged banks to support the group to be able to improve its technologies.
Meanwhile, Eng Gabriel urged small scale miners to form partnerships and build one large mining company that can help create more jobs, improve productivity and livelihood of the people and the community at large.
National Bank of Commerce (NBC) Director of Retail Banking Mr Elibariki Masuke assured that the financial institution was ready to work with the small scale miners as well as entrepreneurs in the mining sector, stressing that the bank was at an advanced stage of setting up a special package for the mining sector players.
Revenue collection from the mining sector is set for a historic record as Tanzania eyes an annual turnover of over 600bn/- during the 2020/21 financial year.
We were and still are doing testing wakati nyinyi mliambiwa muendelee na maombi ambayo hayakujibiwa huku kirusi ikiwatafuna hadi ikulu. Mwishowe mlisalimu amri kwa aibu na fedheha. What a bunch of fools and a waste of human brain! 😂 😂
As I type this, Kenya is still observing covid-19 rules, something that Tanzania is not doing hata kama viongozi wanakufaa hadi ikuluni kutokana na corona. The measures are still in place in Kenya sema tu watu wamelegea kidogo kuzifata. Nyinyi on the other hand, mnafuata maombi ambayo hayajibiwi na haitawahi jibiwa licha ya maafa kila kuchao.
As I type this, Kenya is still observing covid-19 rules, something that Tanzania is not doing hata kama viongozi wanakufaa hadi ikuluni kutokana na corona. The measures are still in place in Kenya sema tu watu wamelegea kidogo kuzifata. Nyinyi on the other hand, mnafuata maombi ambayo hayajibiwi na haitawahi jibiwa licha ya maafa kila kuchao.
corona sio kipindupindu,haina dawa mpaka sasa.wacha kila mtu a njia zake.
Unasifu scientiffic measures ambazo hazina matokeo chanya,halafu unaponda maombi!!!!!
halafu ulivyo ndezi,utakuta kila jumapili unakwenda kusali,sijui unasali kitu gani na huamini katika utatuzi wa matatizo yako katika sala.
As I type this, Kenya is still observing covid-19 rules, something that Tanzania is not doing hata kama viongozi wanakufaa hadi ikuluni kutokana na corona. The measures are still in place in Kenya sema tu watu wamelegea kidogo kuzifata. Nyinyi on the other hand, mnafuata maombi ambayo hayajibiwi na haitawahi jibiwa licha ya maafa kila kuchao.
corona sio kipindupindu,haina dawa mpaka sasa.wacha kila mtu a njia zake.
Unasifu scientiffic measures ambazo hazina matokeo chanya,halafu unaponda maombi!!!!!
halafu ulivyo ndezi,utakuta kila jumapili unakwenda kusali,sijui unasali kitu gani na huamini katika utatuzi wa matatizo yako katika sala.
Mimi ni Mkristo tena imara ila Bibilia inaniambia kwamba Mungu husaidia mtu anayejisadia. Don't expect God to work miracles in your life if you are not making any effort to better your life. Mungu anataka aone Kwanza unavyojituma na kujikakamua. Hapo ndipo ataanza kutimiza mahitaji yako. Maombi so mbaya but you can't just sit there, not observe any rules with regards to the virus and expect God to exempt you wakati unajiexpose kwa kirusi kila siku by not following the laid down guidelines. It doesn't work that way my brother. It takes personal efforts for God to work miracles in your life. That's where you all went wrong na matokeo yake dunia iliona
Simba ina kila sababu ya kufika nusu fainali, hadi fainali yenyewe.. mashabiki wa simba kuruhusiwa kuwepo uwanjan ni motisha tosha, simba inatakiwa kushinda mechi zote za nyumban.. ugenini lolote tu litokee lkn nyumban iwe sehem ya kufuta au kusawazisha makosa
Dar es Salaam. The volume of cargo, handled at the Dar es Salaam port, is projected to rise by about 43 percent during the next four years when the ongoing berths expansion is completed.
Handled cargo volumes will increase by 7.5 million tonnes - to 25 million tonnes in 2025 - compared the 17.5 million tonnes handled last year.
“Despite of the challenges of the Covid-19 pandemic, we managed to handle 17.5 million tonnes of cargoes in 2019/2020, compared to 17.1 million tonnes recorded in 2018/19. “We, however, failed to meet our target of 18 million tonnes last year,” said the Tanzania Port Authority (TPA)’s Director General Deusdedit Kakoko.
This will be possible through the ongoing $421 million (about Sh900 billion) Dar es Salaam Marine Gateway Project (DMGP), a ten-year project that started in 2015.
The project is being conducted in two phases whereby the first phase covers the expansion of eight berths, drilling the entry-pathway, container yards and construction of railway. The second phase will cover the expansion of four berths (Berth 8 to Berth 11).
Yesterday, the minister for Works, Transport and Communications, Dr Leonard Chamuriho launched the fifth berth at Dar es Salaam Port, making a total of six operational berths at the port.
Speaking during the launch, TPA’s boss said six out of the eight berths have been expanded already.
“At least six berths are now operating. The remaining two, berths 6 and 7, are at 96 and 70 percent completion stages respectively. They will be completed before the end of April 2021,” he noted.
When completed, the Dar port will be able to handle eight ships at once, resulting in an increase the number of cargoes.
“We are expanding the Dar port because it contributes almost 90 percent of all ports revenues,” he said.
Mr Kakoko said in 2019/20, TPA earned Sh900 billion compared to Sh931 billion recorded in 2018/19.
“Our target is to collect Sh2 trillion annually when the DMGP is completed,” he said.
The minister Dr Chamuriho said the drilling the entry-way will expand the depth and width of the path-way from 10.5-meter to 16-meter and 145-meter to 170-meter, respectively.
“The activity begins this month (March) and it will take 18 months of completion. When completed, larger ship vessels will be able to enter the port, conveniently,” said Dr Chamriho.
Port Director at the Dar es Salaam Port, Mr Elihuruma Lema said the phase one will also construct three container yards for berth 5, berth 6 and berth 7.
When completed the Dar port will be able to reserve up to 60,000 containers per month, from current 12,000 containers.
“We envisage a rise in containers being handled there from 240,000 per year to 700,000,” said Mr Lema.
According to him, they have completed the extension of birth 0 (roll yard), which is particularly useful for vehicles. They constructed the nine-hector yard with capacity to accommodate up to 6,000 vehicles.
Railway channels will be constructed to serve the Standard Gauge Railway (SGR), Cape Gauge and Meter Gauge standards.
“There will be a train station at the port and seven railways from the container yards to the port’s gate,” he said.
The volume of cargo, handled at the Dar es Salaam port, is projected to rise by about 43 percent during the next four years when the ongoing berths expansion is completed.
Simba ina kila sababu ya kufika nusu fainali, hadi fainali yenyewe.. mashabiki wa simba kuruhusiwa kuwepo uwanjan ni motisha tosha, simba inatakiwa kushinda mechi zote za nyumban.. ugenini lolote tu litokee lkn nyumban iwe sehem ya kufuta au kusawazisha makosa
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