South African investors explore Tanzania mining potential

South African investors explore Tanzania mining potential

Dar es Salaam. A delegation of at least 30 business people from South Africa are in the country to explore the potential of the mining sector for prospective investment.

The move comes after President Samia Suluhu Hassan visited South Africa recently to strengthen bilateral relations and open up new investment opportunities.

Tanzania commissioner of minerals Mr Abdulrahman Mwanga said yesterday that when President Hassan visited Southern Africa a few weeks ago, various issues were discussed by both countries including investment opportunities in Tanzania.

“Today foreign investors have come and we have discussed exploration, extraction, procurement and distribution of the products. Some investors who will not go directly into mining would invest in procurement and distribution,” he said.

According to him, the Ministry of Minerals was delighted to see “a huge number of investors” visiting the country.

“This indicates the state of mining affairs has potential for further growth,” he said.

“The mining sector has various investment opportunities; thus, it is important for local investors to grab the opportunity that is found in the sector,” he added.

“Mining sector is an engine of investment. People should not doubt to invest in the sector because it is not only about extraction and exploration. There are other areas of investment, some include food products in the mining sector and expertise,” he said.

Mr Mwanga noted that currently, the contribution of the mining sector to the economy is 7.9 percent. “We believe we will achieve the 10 percent target before 2025.”

He noted that recently there has been a significant number of foreign investors seeking to invest in Tanzania.

Reports indicate that growth of the mining sector increased to 7.3 percent last year from 4.8 percent recorded in 2018.

South Africa Oil and Alliance (SAOGA) business development and marketing executive Mr Alain Kerr said they are optimistic that they will have a mutually beneficial pa

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Tanzania's opposition party ACT Wazalendo honours veteran politician under new policy
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Tanzania’s opposition party ACT Wazalendo honours veteran politician under new policy

Unguja. Opposition party ACT Wazalendo today officially bids farewell to its former Chairman, Juma Duni Haji, also known as Babu Duni, as part of a new policy designed to honor retired senior leaders at a ceremony held at Kiembesamaki, Zanzibar.

The initiative highlights the party’s commitment to recognizing and supporting individuals who have served with dedication and integrity.

Babu Duni, who stepped down earlier this year, was succeeded by Othman Masoud, now the First Vice President of Zanzibar.

The policy aims to provide ongoing respect and support to retired leaders, ensuring their continued recognition and contribution to the party’s development.

“Recognizing their significant contributions to the development and prosperity of the party, this policy ensures that retired leaders continue to be acknowledged and respected by both the party and the community,” the policy states.

To benefit from this policy, leaders must not have left or been expelled from the party. They must have served the party with honor and dedication. The national leadership committee will determine whether a leader has fulfilled these criteria.

The policy seeks to honor retired leaders, protect their dignity, acknowledge their contributions, leverage their ideas for the party’s growth, and support them to the best of the party’s ability.

In honoring these leaders, the party will provide a vehicle, the type of which will be determined by the national leadership committee. Additionally, they will receive a monthly allowance, with the amount also set by this committee.

Other benefits include health insurance. If a leader does not own a home, the party will cover their rent at a rate decided by the committee.

The leadership committee may also grant special recognition based on the leader’s contributions. Retired leaders will participate in decision-making meetings according to procedures outlined in the party’s constitution.

Depending on the party’s resources at the time, the policy may also apply to retired deputy chairpersons for both the mainland and Zanzibar, the Secretary-General, Deputy Secretary-General for both mainland and Zanzibar, and the party’s Attorney General.

Additionally, leaders, executives, or members with exceptional contributions to the party’s protection, advocacy, and defense may also benefit, as determined by the leadership committee.

Currently, those who are eligible for benefits under this policy include Juma Duni Haji (retired party Chairman) and Zitto Kabwe (retired party leader).Continue Reading