Tanzania: Extractive Industries Fetch More

Government earnings from the extractive industry surged from 956 billion/- in 2013 to 1.221 trillion/- during the fiscal year 2014, according to findings of a report by the Tanzania Extractive Industries Transparency Initiative (TEITI).

In a quick reproach though, the Chairman of TEITI, Judge (Rtd) Mark Bomani, noted with concern that the country could earn more from the lucrative industries if the government had implemented recommendations by the presidential commission which he chaired in 2008.

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