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Coronavirus: Tanzania economic recovery plans impress IMF

Coronavirus: Tanzania economic recovery plans impress IMF
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IMF commends Tanzania over fight against COVID-19 pandemic

The International Monetary Fund (IMF) on Wednesday commended Tanzania for its commitment toward the fight against the COVID-19 pandemic, saying the east African nation is on the right track. Jens Reinke, the IMF resident representative for Tanzania, said the IMF has been impressed by efforts Tanzania is undertaking in the…

Lauded by Billionaires, New Tanzania President Spooks Opposition

Author of the article: Fumbuka Ng Wanakilala and Matthew Hill Publishing date: Jul 29, 2021  •  1 hour ago  •  6 minute read  •  Article content (Bloomberg) — Tanzania’s new President Samia Hassan won accolades from Aliko Dangote, Africa’s richest man, and fellow billionaire Mohammed Dewji for her business-friendly noises. But her government’s crackdown on opposition leaders this week is raising some concern. Since she took office on March 19, Hassan — Africa’s only female head of government — has signaled a new business-friendly era, pledging to reverse her predecessor’s policies that antagonized investors and hit foreign investments. Hassan, 61, promised to dismantle barriers put up by former President John Magufuli and resurrect a $30 billion natural gas project, prompting Dangote and Dewji to say Tanzania seems to be opening for business again.

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