UPGRADED infrastructure, health services, free education policy, anti-corruption fight and well-performing social security schemes are among factors that helped Tanzania to emerge the best inclusive economy in Africa, it has been revealed.
The World Economic Forum (WEF), through its Inclusive Development Index (IDI), has listed Tanzania the top in inclusive economy among African countries in 2018. It ranked the country the 48th in worldwide grading.
Speaking in an exclusive interview with the ‘Daily News’ yesterday, the Executive Secretary of the National Economic Empowerment Council (NEEC), Ms Beng’i Issa, mentioned other factors that propelled Tanzania to the top as local ownership of businesses and availability of social and financial services.
NEEC is a strategic leader in facilitating, coordinating and monitoring implementation of the National Economic Empowerment Policy that aims at guiding Tanzanians to a strong national economy through an encouraging business environment and fair economic participation. “We will strive to emphasise on local content component to enable our people to benefit from development projects like the standard gauge railway and the oil pipeline from Hoima in Uganda to Tanga port in Tanzania,” said Ms Issa.
She added: “Improved infrastructure has facilitated smooth movement of people and commodities from one place to another and this is among aspects which have enabled ordinary people to be directly involved in the national economy.” Ms Issa added that existence of numerous financial institutions and mobile money services by telecommunication companies have as well played a crucial role in improving financial inclusion among majority Tanzanians.
“Available statistics indicate that 65 per cent of the population have access to financial services by either banks or mobile money service providers...this means our people have active role in the economy,” she explained.
She explained that recent amendments of the mining laws and mandatory listing of telecommunication companies on the Dar es Salaam Stock Exchange (DSE) are other areas which enable Tanzanians to participate in the economy.
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“In fact, all the leaders I met in the UAE praised us for maintaining peace, a prerequisite to achievement in development,” Dr Shein said at the press conference held at the airport in Zanzibar shortly after landing from the Arab countries. On January 21, this year the President and his delegation which included First Lady Mwanamwema Shein left the Islands for a week-long visit in countries forming UAE: Dubai, Sharjah, and Ras-al- Khaimah.
He said the reception he was accorded in each state was good, and that leaders in the Arab countries had promised to support Zanzibar move ahead in various sectors, including the search for alternative energy, oil and other natural resources, improvement of social services and infrastructure.
Dr Shein said, “… I personally learned a lot. The countries are economically well-off, but they have managed to advance because of determination and good planning, tools which we (Zanzibar) can copy from them.”
He said without good planning, even if you have money, one can fail to move forward as witnessed in some countries including in Africa where some nations have good economy, but have failed to achieve development goals.
Speaking with Journalists, the isles leader also answered questions which were not directly related to his trip. When asked to comment on ongoing views about changing presidential term limit from the current five to seven, he replied “It is not my agenda; I will respect my constitution term and leave the office to others.”
He was also asked about the temporary ban on registration of international ships after some foreign ship flying Tanzania flag were implicated in illegal business, he said “I know there are discussions going on.
It is the dishonest ships abroad are to blame for misusing our flag. I hope we will have the right to continue registering international ships.”
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