Tanzania pretty Presence to be felt in the African Mining Investment Conference slated for February 5th to 8th 2024 in Cape Town South Africa

By Abdul Rahman Bangura-

Photo Credit: Mining

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Ministry for Minerals Communication Unit and the conference (Mining Indaba) disclosed that, it would galvanize about 900 investors, 40 sectoral institutions, and approximately 1,000 executives from large firms from across the world.

“The conference, scheduled for February 5th to 8th, 2024, in Cape Town, will serve as an important platform for the participating countries to build and strengthen relationships and business networks in the mining sector,” the statement reads.

In furtherance, it discloses that the event would offer a unique chance to entice investors, capital, technology, partnerships, trade, share experiences, and learn about the sustainable management and development of Africa’s mining industry.

The East Africa nation of Tanzania would participate in the event with the theme “Advancing mining investment to accelerate prosperity.” The theme is tailored with the Tanzania’s strides to revamp the geological awareness of the nation by luring increased mineral exploration and mining.

Presently, the administration has liftoff “Vision 2030,” which intensifies to promote geoscientific surveys to uncover the nation’s mineral potential.

Additionally, Tanzania will concentrate its efforts at the conference on promoting investment opportunities in the mining sector, including exploration, extraction, and value-added activities.

The administration desires to meet with diverse potential real participants from different nations, which is a crucial growth for heighten the Tanzania’s investment and chances in the mining industry.

Each year, Mining Indaba makes a critical appearance on the regional and wider economy of South Africa, where in 2023, Mining Indaba increased GDP in South Africa by R248 million (with 80% coming from international sources), generated 323 full-time annual job equivalents in the country and increased national taxes by R30 million.

In 2024, Mining Indaba will record its 30th anniversary to honor how far the industry has come and discover what the future holds for Africa’s mining industry.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent