Audio By Carbonatix
Tanzania's ability to secure funding from international institutions may face challenges due to its tarnished global reputation, President Samia Suluhu Hassan said on Tuesday, while swearing in ministers after last month's disputed election.
Hassan, 65, who was declared the landslide winner of the October election that was marred by clashes with security forces over the exclusion of her main challengers, did not specify what dented Tanzania's image.
Rights groups, opposition parties and the United Nations have said hundreds of people were likely killed in the clashes, though the government disputes those figures as exaggerated.
"Most of the time, we depend on the outside. Loans from various international institutions, international banks, but what happened in our country has destroyed our image a little," Hassan said.
"That might reduce our reputation to get those loans easier as we did in our first term.... the bad image we gave ourselves might take us back."
African Union observers said the vote was not credible and that they had documented ballot box stuffing. The government has dismissed criticism of the process and said the election was fair.
Hassan has promised to investigate the election violence and last week offered condolences to bereaved families, her most public acknowledgement of the turmoil, which has led to the country's biggest political crisis in decades.
During the swearing-in of the ministers in the administrative capital, Dodoma, on Tuesday, she urged officials to instead focus on raising funds from domestic sources.
In June, the finance ministry said it planned external borrowing of 8.7 trillion Tanzanian shillings ($3.6 billion) in the 2025/26 (July-June) fiscal year. In its 2024/25 budget, it put its planned external grants and concessional loans at 5.13 trillion shillings.
Latest Stories
-
Access Bank Ghana strengthens ethical finance expertise with Malaysia executive study tour
2 minutes -
Tribunals: The return of terror – Prof Kwesi Yankah writes
15 minutes -
Ukraine dismisses Iranian threats as Caspian Sea strike directly links wars
17 minutes -
Prudential Bank MD advocates for relationship-centred banking at Banking Council meeting
18 minutes -
Why Ghana’s geology conference could shape Africa’s next mining boom
28 minutes -
East La Burma Valley Residents Association hands over relief items to Tse-Addo flood victims
29 minutes -
Chelsea open talks to sign Brighton striker Welbeck
40 minutes -
US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom
42 minutes -
NACOC commends JoyNews documentary on drug abuse fight, calls for more media support
43 minutes -
Deadly Doses II: Students becoming drug dealers is worrying — NACOC Deputy DG
53 minutes -
IMCC Secretariat says forensic audit found Dennis Aboagye culpable in financial irregularities
1 hour -
What a clean washroom at Prempeh I International Airport says about Ghana’s development
1 hour -
Deplorable Ashanti Kpoeta roads are affecting livelihoods and healthcare
1 hour -
We’re providing consular support to detained Asante Akyem North MP – Ablakwa
1 hour -
Gold Fields mounts robust defence of its Tarkwa lease renewal bid
1 hour