‘Exploitative’ mining tax incentives return to bite Tanzania’s revenue
A miner getting out of a mine in Arusha in 2008. The Mining Act was enacted in 1998. It is this Act that is now being seen as the greatest setback in Tanzania’s quest to enjoy the benefits of its natural resources. FILE PHOTO | NMG
Tanzania’s cocktail of incentives in the mining sector has begun to bite as President John Magufuli’s administration grapples with some of them.
This comes as its fellow Southern Africa Development Corporation (SADC) member, South Africa, last week raised the minimum threshold for black ownership of mining companies to 30 per cent, from 26 per cent.
