Mwanza. Despite a seemingly steady income, many Tanzanian fishermen struggle to break the cycle of poverty. The culprit? Poor financial management, according to Jephta Machandaro, secretary general of the Tanzania Fishermen’s Association (Tafu).
“When they earn money,” Mr Machandaro explains, “they spend it all on alcohol and temporary pleasures, leaving them with nothing to invest in their future.” This impulsive spending, he argues, keeps them trapped in a cycle of fishing, earning, and then quickly burning through their income.
