MWANZA, Aug. 22 -- THE launch of the Nyanzaga Gold project in Sengerema District, Mwanza Region, is set to become a key driver of Tanzanias economic growth, creating thousands of jobs and expanding the countrys mining revenues, the government has said.

Speaking on Wednesday in Sotta Village, Minister for Minerals Mr Anthony Mavunde officiated the signing ceremony of an addendum agreement between the government and Nyanzaga Mining Company Ltd, a joint venture between the government and Perseus Mining Limited, through a newly formed entity, Sotta Mining Corporation Ltd, saying it is a milestone.

As part of the agreement, the government has increased its shareholding in the joint venture from 16 per cent to 20 per cent, further cementing i...