ASNL empowers stakeholders with skills to curb de-risking mining finance

The Tanzanian government has called on financial institutions to collaborate and provide enough financial support to mid tier mining projects as a measure of de-risking mining finance.

This was remarked by Commissioner of Minerals Dr Abdulrahman Mwanga during an impactful Mining Project Finance De-risking Workshop held on Tuesday, May 5, 2026 in Dar es Salaam.

Organised by ASNL Advisory Limited in partnership with Minxcon, the workshop brought together key stakeholders from mining industry and banks as one way to find amicable solution on how to end de-risking mining finance.

“Basically, sometimes banks may receive a mid tier mining proposal but they become reluctant to provide the necessary financial support due to the existing mindset that it is risky to finance such projects.

“So, this mindset of considering mid tier mining projects as too small to finance or too complex to trust has to be eradicated,” Dr Mwanga said.

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He continued: “Our government is very supportive when it comes to promoting the mining sector and has just secured enough funds to carry out the airborne geophysical survey which by 2030, almost 30 percent of the land will be covered.”

He added that the state has put in place different mechanisms on how to make Tanzanians benefit from numerous minerals that the country is endowed with.

He also commended ASNL Advisory Limited for hosting such engaging workshop which he said will help immensely to create a strong functioning bridge between small scale miners and banks.

On his part, ASNL Advisory Limited Managing Director Mr Humphrey Simba disclosed that mid tier miners are facing setbacks when it comes to accessing finance from banks.

“We have identified that most banks demand collaterals from these mid tier miners instead of assessing them basing on the resources they have…this is what is missing and the reason we have convened here,” he said.

He also appreciated massive support rendered by CRDB, Azania Bank, Stanbic Bank, Exim Bank and other financial institutions in scaling up the country’s mining industry.

“Through this workshop, ASNL Advisory and everyone present here will establish long lasting measures all aimed at driving for de-risking in this critical sector,” he said.

He further pointed out that they will continue to regularly organise similar workshops as one way of strengthening bond between small scale miners and banks so that they can work together for mutual benefits.

On her part, Tanzania Bankers Association (TBA) Executive Director Ms Tuse Mwaikasu reiterated on the need for banks to fully understand on how mining businesses operate in the country.

“I see green light as far as de-risking in mining finance is concerned…we need to facilitate collaboration with mining sector, commission of minerals as well as SNL Advisory Limited so that in the end, the existing challenges should be fully eliminated,” she said.