‘Isles’ economy is growing with  impressive revenue collections’

16May 2019
The Guardian Reporter
ZANZIBAR
The Guardian
‘Isles’ economy is growing with  impressive revenue collections’

ZANZIBAR President Dr Ali Mohamed Shein said yesterday that the country’s economy is growing with impressive revenue collections and expenditure.

ZANZIBAR President Dr Ali Mohamed Shein

He made the statement during his meeting with top officials from Finance and Planning Ministry. The officials presented to the President the ministry’s performance report from July 2018 to March 2019.

He commended the ministry for good supervision of the economy as well as expenditures. He urged ministry officials to work closely with workers to ensure more development successes.

Dr Shein directed the officials to inform Isles residents on the various development projects currently implemented by the government including the Zanzibar Urban Services Project (ZUSP) which gears to eliminate different challenges facing urban residents.

He added that officials from Indonesian government will be in Zanzibar from May 16th to 20th whereas among other issues they will discuss on how to implement the oil and gas project at Magapwani area.

Finance and Planning Minister, Ambassador Mohamed Ramia Abdiwawa said that economic indicators show that Isles’ economy is stable.

He said the national gross income grew to 2874bn/- in 2018 compared to 2684bn/- in 2017, an increase of 7.1 percent. He attributed the growth to various factors including the number of tourists which increased by 20 percent to 520,809 from 433,474 tourists in 2017.

He mentioned the other factors that contributed to economic growth as increased export of seaweed, bumper harvests of food crops and improvement of the transportation sub-sector 

Zanzibar Chief Secretary, Dr Abdulhamid Yahya Mzee applauded the ministry for successfully implementation of ZUSP projects whereas some of the projects in both Pemba and Unguja Islands will be completed in a short period.

Director General of Zanzibar Investment Promotion Authority (ZIPA), Salum Nasor presented a report on the various ongoing investment projects while the Director of Peoples Bank of Zanzibar (PBZ) Juma Ameir informed the President on plans to construct the bank headquarter at Malindi town in Zanzibar.

Dr Shein also met and held talks with the Minister of Information, Tourism and Heritage, Mahmoud Thabit Kombo. The minister presented the ministry’s performance report for a period of July 2018 and March 2019.

According to Kombo the ministry has been able to organize the Urithi festival in collaboration with the Ministry of Natural Resources and Tourism.

He said the ministry also received digital equipment worth 89,204,100/- for record keeping from the government of Oman. He said during the period, the ministry organized the Zanzibar tourism festival which was officiated by Dr Shein in November 17, 2018.