How do the proposed amendments to mining legislation in Tanzania change the fortune of this country’s rich mining industry? During next week’s high-level iPAD East Africa conference and exhibition in Dar es Salaam, investors in the Tanzanian mining industry will have the unique opportunity to hear the views of the chairman of the country’s Presidential Mining Review Commission, Judge Mark Bomani.
The esteemed judge is a leading voice in the policy and legislation that implicates this important economic sector in East Africa and is a panelist during the mining sector leaders round-table on the first day of iPAD (Infrastructure Partnerships for African Development) East Africa, which is held from 11-13 August 2009.
This round-table with the sector’s stakeholders will also include the country’s Energy and Minerals minister, H.E. William Mganga Ngeleja, and will give an opportunity for Government to outline its policy and the private sector to raise questions.
Pragmatic mining legislation the way forward?
According to Nicole Smith, producer of iPAD East Africa, “mining experts feel pragmatic legislation is necessary for the government to catch up with the rapid growth of the Tanzanian mining sector. It would seem that future investment in this sector shall be directly dependent on the outcome of the proposed changes which were outlined in the Bomani Report. Viable reform, especially fiscal, will be necessary to ensure a long-term sustainable growth of the sector. “
Other top business and government panelists during the mining roundtable:
- H.E. Adam Malima, Deputy Minister, Ministry of Energy and Minerals, Tanzania*
- Amb. Ami Mpungwe, Chairman, Chamber of Minerals and Energy, Tanzania
- Mark Parker, Managing Director, African Eagle Resources Plc, United Kingdom
- Vedasto Rwechungura, Programme Officer, World Bank, Tanzania*
- Joseph Sheffu, Partner, Ernst & Young, Tanzania
East African Community leading the way
More high-level guests at the Dar es Salaam event and exhibition include senior representatives of the East African Community, Comesa, East African Business Council and SADC as well as ministers from the governments of Uganda and Tanzania together with leading names in the East African business and utility sector. The goal is to pool ideas and make recommendations on the region’s power and infrastructure development potential.
The Secretary General of the East African Community (EAC), Ambassador Dr Juma Mwapachu, will chair the keynote session and will address the following issues, amongst others:
- What are the implications of the global financial and economic crisis on investment flows to the EAC region?
- How should the regional governments approach the global economic crisis in relation to incentives offered to the mining sector?
- What financial instruments can East African countries use to mobilise resources for upgrading and modernising its infrastructure?
iPAD East Africa is co-located with the 11th East African Power Industry Convention (EAPIC). For more information on the event and to download the programme go to the event website: www.ipad-africa.com/east and www.ipad-africa.com/eapic
For more information please contact:
Conference producer: Nicole Smith
Phone: +27 21 700 3500 / 888 559 8017 (US)
Direct: +27 21 700 3522
Mobile: +27 (0) 83 372 0336
Fax: +27 21 700 3501 / 413 487 6276 (US)
For media enquiries, accreditation and speaker interviews contact:
Business Development Manager: Zelda Weitz
Phone: +27 (0) 21 700-3500 EXT: 3544
Mobile: +27 (0) 82 872 5995
More events by Spintelligent: www.spintelligent-events.com
Kilimanjaro Hotel Kempinski
Kivukoni Street, Dar es Salaam
United Republic of Tanzania