Tanzania says to introduce clearing fee for mineral exports

June 9, 2017

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Tanzania plans to introduce a 1% clearing fee on the value of mineral exports in 2017/18 (July-June), its finance minister said on Thursday, part of government measures aimed at getting a bigger share of revenues from the east African country’s natural resources. “The government will not allow the direct export of minerals from mines,” finance and planning minister Philip Mpango said in his budget speech in parliament.

Category: General