American Lithium Minerals Inc. signed letters of intent to acquire gold projects in Tanzania and Canada to expand its global portfolio. The company plans to take an 18% stake in the Sangambi Gold Project in Mbeya, which holds an estimated 1.2 million ounces of gold. The acquisitions support asset diversification and growth. AMLM plans exploration programs on both sites in 2026.

The Central Bank of Egypt hosted a delegation from the Bank of Tanzania to share expertise in business continuity management and crisis response. The five-day program covered cybersecurity, payment systems, banking supervision, and risk management to support stable financial operations. Tanzanian officials reviewed Egypt’s BCM practices and ISO 22301 standards. The Central Bank of Egypt said the exchange strengthens cooperation with African central banks and helps participants improve preparedness for emergencies and regulatory challenges.

Russia reaffirmed support for Tanzania’s push toward economic self-reliance through trade, investment, and technology cooperation, including satellite infrastructure. Russian Ambassador Andrey Avetisyan said growth should rely on value addition rather than foreign aid. He highlighted opportunities in the economy and called for expanded processing of Tanzanian exports. Russia also plans to boost tourism by restoring direct flights. Despite strong political ties, trade remains imbalanced, with Tanzania importing more than its exports.