Summary
The 221,907,320,687/- dividend, presented during the 2026 Gawio Day celebrations, made Twiga-Barrick the largest dividend contributor among all public institutions and state-owned enterprises this year.
By Staff Writer
DAR ES SALAAM: THE partnership between the Government of Tanzania and Barrick Gold Corporation, operating through Twiga Minerals Corporation, has once again underlined its growing contribution to the country’s economy after paying a record dividend of 221.9bn/- to the government this year.
The 221,907,320,687/- dividend, presented during the 2026 Gawio Day celebrations, made Twiga-Barrick the largest dividend contributor among all public institutions and state-owned enterprises this year.
Barrick Tanzania Country Manager, Dr Melkiory Ngido, handed over a symbolic dividend cheque to President Samia Suluhu Hassan during the national ceremony held at the State House in Dar es Salaam, where the government officially received dividends and other financial contributions from public entities and strategic joint ventures.
Barrick Country Manager, Dr Melkiory Ngido, presents a dummy cheque of Sh221.9 billion to President Samia Suluhu Hassan during the Gawio Day event held at the State House in Dar es Salaam. Left is a Chairman of the Board of Directors of Twiga Minerals Corporation Mr. Andrew Mwangakala.
Speaking at the event, President Samia praised the outstanding performance of public institutions and joint-venture companies, noting that total government dividend collections had increased from Sh1.28 trillion to Sh1.328 trillion, reflecting improved operational efficiency and stronger financial management.
“We are making good progress, and I am proud of leaders who continue to deliver positive results for the benefit of our country and its people,” President Samia said.
She stressed that sound leadership and good governance remain essential for sustainable national development and urged companies to continue fostering a business environment that balances commercial success with national interests.
The latest dividend marks a dramatic increase in Twiga-Barrick’s financial contribution to the Treasury. The company paid Sh93.6 billion in dividends during the previous financial year, after contributing Sh84 billion in 2022/23 and Sh53.5 billion the year before, consistently ranking among the government’s top dividend earners.
Twiga Minerals Corporation oversees the operations of North Mara, Bulyanhulu, and Buzwagi mines. While mining activities at Buzwagi have ceased, the site is being transformed into the Buzwagi Special Economic Zone, an international mining and minerals hub expected to support investment and value addition in the sector.
Commenting on the milestone, Dr Ngido said the company’s contribution extends well beyond dividend payments.
He noted that since the establishment of the Twiga partnership in 2019, Barrick has made substantial contributions to the national economy through taxes, royalties, statutory levies, employee salaries and procurement from local suppliers.
Dr Ngido added that Barrick’s sustainability agenda also focuses on improving the welfare of communities surrounding its mining operations through investments in education, healthcare, clean water supply and road infrastructure under its Corporate Social Responsibility (CSR) programme.
Minister for Planning and Investment, Prof Kitila Mkumbo, said Gawio Day has become an important platform for assessing the impact of economic reforms and public investment strategies in line with Tanzania’s National Development Vision 2050.
He said President Samia’s 4Rs philosophy—Reconciliation, Resilience, Reforms and Rebuilding—has significantly strengthened the performance of public institutions and joint ventures, resulting in increased returns to the government.
Earlier, Treasury Registrar Mr Nehemiah Mchechu said this year’s Gawio Day, held under the theme “Investment with Results: Driving Competitiveness for Vision 2020–2050,” reflected the positive impact of government reforms in improving the business environment, stimulating economic growth and creating employment opportunities across the country.
The continued success of the Twiga-Barrick partnership stands as a strong example of how effective public-private collaboration can generate substantial economic value, boost investor confidence and support Tanzania’s long-term development agenda.
