27 February 2013

Tanzania: Zanzibar's Economy On Upward Trend - Shein

Zanzibar — PRESIDENT Ali Mohamed Shein on Tuesday said that the economy of Zanzibar has been growing alongside improvement of people's lives.Dr Shein made the remarks when he met and held talks with the Foreign Minister of Oman, Sheikh Yousuf bin Alawi bin Abdulla, at the State House in Zanzibar.

President Shein said that under the government of national unity (GNU) formed after the 2010 general election, Zanzibar has been recording success including controlling inflation and increasing its GDP growth from 6.5 per cent in 2010 to 7 per cent last year.

"Since the GNU came into office two years ago, we are convinced with social, political and economical changes in the Islands including controlling of inflation from 23 per cent in 2011 down to 4.4 per cent last year," Dr Shein informed the minister.

He attributed the fall of inflation to availability of foodstuffs in the islands following increased farm productions and imports from abroad."However, the only challenge to the majority poor people is ability to buy," he stated.The visiting foreign minister also heard from the president that Zanzibaris have been enjoying peace and stability which was the main objective of forming GNU.

Despite noticeable developments, Dr Shein said that Zanzibar still faces a number of challenges in education and health sectors, but was optimistic that the problems would be solved with support from development partners.He said that the relations between Zanzibar/Tanzania and Oman have been strengthened and that people of Tanzania and Oman should use the opportunity to trade and invest.

The Oman Minister thanked Dr Shein for his efforts in building Zanzibar and that the objective of his delegation to Tanzania and Zanzibar was to strengthen the relations through finding areas of investments, culture and trade.

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