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Coronavirus: Tanzania economic recovery plans impress IMF
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Coronavirus: Tanzania economic recovery plans impress IMF
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Coronavirus: Tanzania economic recovery plans impress IMF
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Author of the article: Fumbuka Ng Wanakilala and Matthew Hill
Publishing date: Jul 29, 2021  â¢Â 1 hour ago  â¢Â 6 minute read  â¢Â
Article content
(Bloomberg) â Tanzaniaâs new President Samia Hassan won accolades from Aliko Dangote, Africaâs richest man, and fellow billionaire Mohammed Dewji for her business-friendly noises. But her governmentâs crackdown on opposition leaders this week is raising some concern.
Since she took office on March 19, Hassan â Africaâs only female head of government â has signaled a new business-friendly era, pledging to reverse her predecessorâs 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.