Tanzania Industry and Trade Budget 2026/2027 of TZS 137.81 Billion to Fund Liganga-Mchuchuma Iron Project and AfCFTA Market Access
Tanzania's TZS 137.81 billion Industry and Trade Budget 2026/27 will fund the Liganga iron and Mchuchuma coal integrated project, with Chinese state-owned Shudao Investment Group (SDIG) and the National Development Corporation expected to sign joint venture agreements in the first half of 2026/27 to develop the iron and coal mines and a steel processing plant. The project is projected to save Tanzania USD 1.22 billion annually in foreign exchange and create 6,500 direct jobs.
5/29/2026 7:00:00 PM