Tanzanian President Samia Suluhu speaks on situation in Kenya with investors fleeing
3 min read
Tanzanian President Samia Suluhu claims investors are fleeing Kenya to Tanzania over political instability
Tanzanian President Samia Suluhu claims investors are fleeing Kenya to Tanzania over political instability.
In an undated video that has gone viral online, the president of Tanzania asserted that the ongoing anti-government rallies in Nairobi have attracted the most international investors to Tanzania.
According to Suluhu, the stability Tanzania enjoys is luring investors away from Kenya and towards the nation.
Mama Suluhu said that from May 2023, her nation has seen a substantial increase in the number of investors.
“Mkurugenzi was Kituo Cha Wekezani Tanzania anahojiwa kwenye TV akasema mwezi May na June tumepokea wawekezaji kiasi hatujawai pokea na thamani ya uwekezani iliyokuja ni hii. Lakini ukitazama sababu ni kwanza kwa jirani kunawaka moto na mwekezaji hakai kwenye kuwakomoto. Wanakimbia wanakuja zao kwenye amani na utulivu
(The Director of Tanzania Investment Institute recently stated on TV that since May the country has received the largest number of foreign investors because of the protests in Kenya. Investor fear violence,” Suluhu said.
Tanzanians, according to Suluhu, ought to make the most of the tranquility they currently enjoy and demonstrate to the rest of the world that their nation is a secure place to invest.
She further explained that political instability will definitely lead to a negative impact on the economy, and many businesses will be forced to close due to the unpredictable nature of the country.
“When asked why the country was having such unusual investment booms, he explained that the country had received more investments in May and June 2023 because of the ongoing chaos among our neighbours.
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“We have never received so many investors like the number that we got in the two months. These investments have led to massive growth opportunities for our people,” Suluhu noted.
Suluhu lauded Tanzanian Investment Centre’s strategic plan which is intentionally geared towards creating a powerful gateway into the East African Community.
“This is a lesson for us to learn that investments can only be attracted by nations that are peaceful like our country. We must know the importance of peace.
“We must be prepared to welcome investors who are looking for a safe and stable place to do business. We have a lot to offer, including a young and growing population, a stable political environment, and a strategic location,” Suluhu stated.
The statement comes amid ongoing protests called by the Azimio over the high cost of living, dispute on the last presidential election, and IEBC reconstitution.
The protests have been met with a heavy-handed response from the security forces, and there have been reports of widespread human rights abuses.
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