Govt upbeat about growth following IMF positive projection for next year

By Augusta Njoji , The Guardian
Published at 06:00 AM Oct 26 2024
Government Spokesperson Thobias Makoba
Photo: Guardian Correspondent
Government Spokesperson Thobias Makoba

TANZANIA is projected to be among the top 10 fastest-growing economies in Africa by 2025, thanks to national income growth which the government believes will stimulate investment.

Government Spokesperson Thobias Makoba addressed reporters in Dodoma on Thursday following the release of the International Monetary Fund (IMF)’s World Economic Outlook report for 2024 which highlights Tanzania’s impressive economic growth.

“Our government is proud to announce that Tanzania's economy is expected to grow by 6 percent by 2025, up from 5.1 percent in 2024. This growth positions us among Africa's fastest-growing economies,” he said.

Makoba said that as the economy expands, substantial increases in investment are anticipated, particularly in the agriculture, industrial, and tourism sectors, which will play a crucial role in reducing poverty.

“Despite global challenges like Covid-19, we have demonstrated resilience, and the world acknowledges our rapidly growing economy, which is projected to reach a 6 percent growth rate next year,” he said.

On local government elections, Makoba urged citizens to verify the voter list before October 27 deadline, which allows for necessary adjustments according to election regulations.

“Let us fulfill our constitutional duty. From October 26 to November 1, nomination forms for candidates will be issued. As our founding leaders taught us, patriotic leaders emerge through elections. Let’s participate in choosing leaders who will drive our development,” he said.

He also noted that 83 organisations have applied to provide civic and election education and encouraged them to uphold their commitments.

Makoba stressed the importance of maintaining peace and stability during the election period.

“Despite our differences, we must remember that peace, stability, and unity are irreplaceable. The government welcomes differing opinions and is committed to respecting alternative views as we build our nation,” he said.

He reiterated that freedom of the press and expression should not lead to the violation of ethical standards, morals, or the law, emphasizing that freedom comes with limits and responsibilities.

On the recommendations of the Criminal Justice Reform Commission, Makoba stated that efforts are underway to implement necessary improvements in laws, policies and regulations.

“The commission has made over 300 recommendations to enhance justice across all institutions. The government diligently works on these recommendations, and we ask for your patience as we make progress,” he said.

He noted that the government does not interfere with investigative processes related to the commission’s recommendations under the jurisdiction of the relevant authorities.