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Thursday, April 7, 2016

Zanzibar unveils plans to boost economic growth

ZANZIBAR is aiming to become one of the fastest economies in Africa through increased tax collection from the current 362.8bn/- to 800bn/- come 2020/2021.

According to the Isles President Dr Ali Mohamed Shein, the government is determined to put various measures in place that would enable it to reach the 2020 Development Vision target.
Dr Shein asserted that responsible authorities would execute their duties in ensuring the government succeeded with its plans of increasing its internal revenue collection.
He made the remarks when outlining the government’s priorities for the next five years during his inaugural speech at the House of Representatives meeting.
“Though there have been tremendous efforts in tax collection, our aim is to ensure the country’s economy grows up to 8-10 per cent within five years,” he said.
According to him, the country’s economy in 2015 grew to 6.6 per cent, a situation which he attributed to the strengthening of the industrial sector, increase of tourists in the country and preservation of peace and harmony.
He, however, called on officials from the Zanzibar Revenue Board (ZRB), Tanzania Revenue Authority (TRA), ports and airports to work hard and put strategies in place that would ensure such plans become reality.
Dr Shein added: “I am hopeful that we will be able to increase our revenue collection just in time, hence curb donor dependence within five years.”
He said the government was well prepared to achieve its plans by reducing unnecessary spending on foreign trips, conferences, seminars and allowances.
The isles president also noted that one of the strategies that the government had put in place to achieve its plans was strengthening its sectors such as agriculture, tourism and small industries.
Other plans include increasing human resources, quality services such as education, health, environment and good governance.
He further reminded government officials in various departments and members of the House that joint efforts were needed to ensure that Zanzibar attained its plans of becoming one of the fastest growing economies in Africa.


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