SA minister mourns Mgimwa

Finance minister William Mgimwa presents the government’s 2012/2013 Budget on June 13, 2013 in Dodoma. Dr Mgimwa died yesterday in South Africa, where he was hospitalised. PHOTO | FILE 

By Sylivester Ernest,The Citizen Reporter

In Summary

• Dr Mgimwa keenly appreciated the importance for African countries to strengthen their economies and finance through cooperation to ensure economic stability, says a South African minister

Dar es Salaam. South African Finance minister Pravin Gordhan has mourned his Tanzanian counterpart William Mgimwa who died on Wednesday.

His body arrives in Dar es Salaam today from South Africa where he died while undergoing treatment.

Mr Gordhan was on Thursday quoted by the South Africa-based Business Day as saying that the two ministries shared same economic principles and that Dr Mgimwa was instrumental in ensuring economic cooperation between the two nations. “Dr Mgimwa keenly appreciated the importance for African countries to strengthen their economies and finance through cooperation to ensure economic stability and to attract investment,” Mr Gordhan was quoted as saying.

“South Africa and Tanzania share a common economic destiny, both being members of the Southern African Development Community which, among other things, aims to harmonise finance and investment rules, including tax policies (more specifically those relating to investment incentives),” he said.

Mgimwa began his career as a bank accountant with the National Bank of Commerce, later becoming a manager at the bank from 1996 to 1997, and then a director from 1997 to 2000