Dar es Salaam – Immediate results may not be seen in terms of economy in Tanzania and it is important to look beyond 100 days to bear fruits.
In an interview, CEO of Institute of Management and Entrepreneurship Development (IMED), Dr Donath Olomi, said it is too early to measure tangible results of Magufuli government although he has been taking some commendable actions.
Dr Olomi is the former senior lecturer of the University of Dar es Salaam Business School (UDBS) too and he added the 100 days of office of the new president seems to be well-mannered in terms of financial administration in Tanzania.
However, the move of Magufuli may also frighten potential investors and this may slow down the investment pace in Tanzania, said Olomi.
He said, “Off course, it is a good move for the government to take stiff action against those involved in mismanaging public funds. For instance, the Dar port missing containers saga.”
For an example if investors are eyeing in the education sector, they may now think twice before investing due to the proposed directive school fees. In the loan segment too the financial institutions thinking over funding the proposed projects will now hesitate to disburse.
The 100 days of Magufuli government say increasing efforts in collecting revenues and this is something of a major landmark, said head of Department of Short Courses, Research and Consultancy, Mzumbe University Dar es Salaam Campus, Professor Honest Ngowi.
People are now forced to pay tax arrears and moreover the government has started cost cutting measures too.
