Why credit growth to Tanzania’s mining sector has topped 90 percent

Dar es Salaam. Credit to Tanzania’s private sector continued to expand last year, with the mining and quarrying sector emerging as the fastest-growing recipient of bank financing, according to the Bank of Tanzania (BoT).

The central bank’s Monthly Economic Review for January shows that annual growth in credit to the mining sector in the year ending December 2025 outpaced all other economic activities after growing by 91.1 percent, compared to negative growth recorded by March last year.