Energy producers argue that Tanzania’s LNG international markets could be worth around 44.3 billion (based on 2021 markets), thus proving how the sector benefits all parties involved in the investment.
The EACOP pipeline is another success story that Tanzania wears as a badge of honour. It managed to win Uganda over and sweep off Kenya from the deal, as Tanzania’s land laws and policies favoured the project timeline. According to information from the EACOP official website, the oil project will transform oil and gas investment in both countries while increasing their FDI by over 60 per cent during the construction phase alone.
Mining is another extractive sub-sector that yields profits for both Tanzania and investors. After facing a series of international legal complications, Tanzania's new mining landscape is open for business.
Big global miner such as Barrick Gold has solidified investment in Tanzania mines which produce valuable diamond and gold minerals. According to the Bank of Tanzania, gold generated $2.7 billion in exports in 2021.
Subscribe to unlock this article
Login to read this article for free and get 3 free premium articles. Subscribe today for unlimited premium articles and more.
Digital Subscription – Monthly
Monthly renewing
You can cancel anytime.
$5 /Monthly
Digital Subscription – Annually
Monthly renewing
You can cancel anytime.
$40 /Annually
