Dodoma attracts steel plant investors in Nala area

💰 Ekonomi 📰 Tanzania 🕐 2 saat önce
Dodoma attracts steel plant investors in Nala area

DODOMA: ENABLING investment conditions established by the government have attracted investors who plan to construct a large-scale steel manufacturing plant in Nala area, Dodoma City. The statement was made today, June 15, 2026, by Minister for Minerals Anthony Mavunde after meeting and holding discussions with investors from A1 Iron & Steel Tanzania Ltd at his office in Dodoma. Mavunde said one of the government’s key priorities in the mining sector is value addition to miner

The government's favorable investment environment has drawn interest from investors planning to build a large steel manufacturing plant in the Nala area of Dodoma. Minister for Minerals Anthony Mavunde announced this after discussions with A1 Iron & Steel Tanzania Ltd. The project aims to add value to Tanzania's mineral resources by processing raw iron into steel products domestically. The investment is estimated at 600bn/- and will produce items like roofing sheets and reinforcing mesh. The initiative supports national goals of self-sufficiency in steel production and cost reduction for consumers. The plant will create around 1,500 jobs and reduce reliance on imported steel. It is expected to boost the manufacturing sector and economic growth.

This project is significant as it aims to enhance Tanzania's industrial capabilities and reduce dependency on imported steel.

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