TEMBO GOLD CORP is a Canadian publicly listed mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa. The Company currently has a 100% interest in the 110km2 Tembo Gold Project that is located adjacent to Acacia Mining plc’s (formerly African Barrick) 14Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania.
The company holds a portfolio of prospecting licences and licence applications for gold in the Archean greenstone belts of Tanzania. This region of Tanzania is one of Africa's most prolific gold camps and is host to a number of world-class gold mining operations, including Acacia Mining's Bulyanhulu Mine (formerly African Barrick Gold).
According to the World Bank, Tanzania has sustained high economic growth and macro-economic stability over the last decade, driven by structural reforms and steadily increasing levels of exports, becoming one of the best performers in Sub Saharan Africa. Growth in gross domestic product (GDP) has been between 5% and 7% in recent years, with the drivers of growth over the past decade being mining, construction, communications, and the financial sector. Tanzania is considered to be one of Africa's most mining-friendly investor destinations.