Mineral markets spearhead the economic growth of communities in Geita 

GEITA: THE Katoro and Geita Mineral markets, together with mineral buying centers, continue to serve as key pillars of economic growth for residents of the Geita Region by creating employment opportunities, strengthening business activities, and stimulating the circulation of money in communities surrounding mining areas.

Speaking on the contribution of the markets, Geita Regional Resident Mines Officer, Geologist Samwel Shoo, said the presence of mineral markets and buying centers has strengthened the legal mineral trade by establishing a guideline pricing system aimed at protecting the interests of small-scale miners and enhancing transparency in the mineral trade.

Geologist Shoo noted that through these markets, small-scale miners are assured of selling their minerals at fair prices, a situation that has increased their incomes and enabled them to improve their living standards. He explained that the increased earnings have allowed miners to finance social services such as education, healthcare, and the construction of better housing.

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He added that the growth of activities within the mineral markets has attracted traders, transporters, and various service providers, a move that has spurred the growth of small businesses, increased employment opportunities for youth, and women. He strengthened the local economies surrounding the markets.

Overall, Geologist Shoo said the Katoro and Geita Mineral Markets, together with mineral buying centers, have contributed to increased government revenue, improved management of the mining sector, and the promotion of sustainable economic and social development in the Geita Region.