DAR ES SALAAM, April 3 (Xinhua) -- Tanzania has completed a preliminary assessment of the economic impact of the ongoing Middle East tensions, with Prime Minister Mwigulu Nchemba saying that the country is taking decisive steps to protect its development agenda.
Speaking during a question-and-answer session in the National Assembly on Thursday, Nchemba said the conflict, alongside earlier tensions in Eastern Europe, has triggered widespread global disruptions affecting trade, supply chains, financial markets, and key sectors such as aviation and mining.
Nchemba said initial government assessments indicate immediate increases in fuel and insurance costs, as well as potential disruptions in global financing flows relied upon by both the government and private sector.
To cushion the economy, he said the government will prioritize domestic resource mobilization, aiming to reduce reliance on volatile international markets.
A key focus will be the mining sector, which Nchemba described as a strong and growing source of domestic revenue.
Nchemba also highlighted Tanzania's vast untapped mineral potential, with only 16 percent of the country having been surveyed geologically.
The government will continue monitoring developments, he added, pledging to keep parliament informed as the duration and full impact of the conflict remain uncertain.
