(Ecofin Agency) - The Tanzanian government plans to bring mining shares in GDP to 10% over the next five years, from 3.5% currently. The plan was unveiled by PM Kassim Majaliwa (pictured) during a mining investment conference held on February 23 in Dar es Salaam.

Majaliwa says the government plans to reach its goal through the implementation of new reforms and the acquisition of a certificate of origin for tin, tantalum, and wolframite that will allow the country to sell products on the international market thus improving mining revenues. A report on the state of the economy shows that contribution of minerals to the Tanzanian economy grew by 13.7% last year.

In recent years, Tanzania was ranked among the most dynamic economies in Africa thanks to diversified investments in many key sectors. The African Development Bank (AfDB) estimated the country's growth at 6.8% in 2019, one of the ten fastest-growing economies in the world.

This year, the AfDB expects the country’s GDP to grow by 6.4%.

Moutiou Adjibi Nourou