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Tanzania’s extractive sector reaps from reforms

Tanzania has been described as a sleeping economic giant because of its vast — but underutilised — mineral deposits. PHOTO | FILE | NATION MEDIA GROUP

By  BEATRICE MATERU

Tanzania’s extractive industry turned around its fortunes in 2019 as the country embarked on reforms to boost revenue collection.

For a start, Tanzania relaxed the Mining Sector Regulations 2018, which required local companies to own a controlling stake in multinationals.

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