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According to Fitch Solutions Country Risk & Industry Research, growth will be driven primarily by a strong pipeline of transport infrastructure projects and growing interest in the southern African country’s mining sector.
“Tanzania currently has ten new gold mining projects in the pipeline. Our database also indicates that the country has a number of road, rail, port and airport projects with an estimated total cost of $31 billion,” the agency said.
For 2025, the acceleration in growth will be due to increased investment in infrastructure and mines, but also increased exports, because in addition to gold, Tanzania is also expected to start exporting nickel and cobalt in 2025 thanks to the start of production of the Kabanga deposit (northwest) and Electricity from the Julius Nyerere hydroelectric power station, which must be commissioned by the end of the current year.
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