Mwinyi highlights Revolution feats during 60 years commemorations
What you need to know:
- Dr Mwinyi says personal income has increased from $1,099 equivalent to Sh2.5 million in 2020 to $1,230 equivalent to Sh2.8 million in 2022.
Dar es Salaam. Zanzibar President Hussein Mwinyi has said that the initiatives by the government have enabled the economy to grow stronger, with the value of real GDP increasing from Sh3.1 trillion for the year 2020 to Sh3.4 trillion in 2022.
He said this during the commemoration of the 60th anniversary of the Revolution and his three years of the Eighth Phase government on Friday, January 12, 2013.
Similarly, revenue collection has increased to Sh1.4 trillion in 2022/2023 from Sh790.48 billion in 2020/2021, equivalent to an increase of 56.4 percent. In addition, the rate of economic growth in 2022 has reached an average of 6.8 percent, compared to 1.3 percent in 2020.
“The growth of our economy has resulted from the increase in investment through the implementation of priority development projects, including the improvement of road infrastructure, ports, airports, clean and safe water services, the strengthening of electric energy services, markets, and the service sector, as well as increasing the number of tourists visiting Zanzibar,” he said.
According to him, personal income has also increased from $1,099 equivalent to Sh2.5 million in 2020 to $1,230 equivalent to Sh2.8 million in 2022.
Further, he noted that the initiatives enabled the government to control the rate of inflation, which continues to be a single digit. For the year 2023, the price inflation was at an average of 6.8 percent, which guarantees the citizens their livelihoods.
“All the previous-phase governments after the Revolution invested in the construction of infrastructure, office buildings, service delivery, residences, and industries and invited investors to use the opportunities and available resources in the country to contribute to economic growth,” he said.
This success is due to the major reforms made that include the strengthening of service delivery through the Zanzibar Investment Promotion Authority (ZIPA), where investors can get all investment services in one centre (a one-stop centre) within 24 hours.
The government continues to take measures to attract more investors, including announcing the opportunities available in the Mangapwani integrated port and the construction of the attending infrastructure, including roads, water, and electricity.
“As we celebrate the 60th anniversary of the Revolution, we have witnessed great success in our efforts to attract investors. The speed of investment in the country has increased, and a total of 296 projects worth $4.5 billion have been approved. The projects are estimated to provide about 17,479 jobs, involving investments in 16 small islands worth $377.5 million, the construction of 112 tourist hotels, 36 industries, 56 commercial buildings, and other economic projects,” he said.
He noted that 65 projects have been launched, and 45 of them have had their foundation stones laid. “When I came to power in 2020, I explained my intention to carry and extend the goals of the Revolution and link them with the economy, aiming to strengthen the development of the economy to improve the livelihoods of the people of Zanzibar,” he said.
According to him, the goal of the government is to foster unity, solidarity, and reconciliation so that every Zanzibar has the opportunity to contribute to development and benefit from the fruits of the revolution based on equality.
