Magufuli holds talks with Mbeki, Norwegian minister
What you need to know:
- President John Magufuli meets and holds talks with South African President Thabo Mbeki and Norway International Development Minister Nicolai Astrup.
Dar es Salaam. President John Magufuli has Wednesday, November 28, met
and held talks with former South African President Thabo Mbeki at the
State House in Dar es Salaam.
Mr Mbeki is also the chairman of the African Union (AU) high level committee that
deals with money laundering, theft and illegal business in Africa.
In the meeting, Mr Mbeki said the discussions with President Magufuli
have enabled him to understand the efforts done by his government in
combating money laundering in various sectors including the minerals
sector, which is marred by corruption that affects most of the African
countries.
“It is clear that the efforts made by Tanzania are important and
should be emulated by other African countries because collectively
Africa can solve money laundering challenges facing the continent,”
said Mr Mbeki.
For his part, President Magufuli hailed Mr Mbeki for leading the committee
and promised that Tanzania was ready to collaborate with the team to ensure
that African resources were not smuggled out of Africa. The advised him
to have talks with experts involved in controlling money laundering to
get their experience on the matter.
The Global Financial Intergrity (GFI) of 2014 reveals that Africa
loses between $1.4 trillion and $2.5 trillion annually due to money
laundering. In total Africa has lost $95 trillion in 50 years, with
Tanzania being reported to have lost between $19
billion and $40 billion.
“We lose the money through theft as investors come into the country to invest
but report incurring losses and take our money out of Africa,” said
President Magufuli.
In another development, President Magufuli has met and held talks with
Norway International Development minister Nicolai Astrup, at the State
House where he thanked the scandinavian country’s contribution in helping Tanzania
in different sectors including education, agriculture, gas and
energy.
President Magufuli promised Mr Nicolai that his government will continue
to strengthen the relationship between the two countries including supporting the
Equinor Norway Company that is involved in the liquified natural gas
(LNG) project.
For his part, the Norwegian minister said that they have funded many projects
including Rural Electrification, strengthening Tanzania Revenue
Authority systems of revenue collection and promised that Norway will issue Sh127 billion for development projects.
The meeting was also attended by deputy minister for Foreign Affairs
and East African Cooperation, Dr Damas Ndumbaro, deputy minister for
Agriculture Omary Mgumba as well as Norway ambassador Lisabeth Jacobsen.