Tanzania: Investors' Optimism Wanes As President Magufuli Proves Unpredictable

• World Forbes

  Tanzania: Investors' Optimism Wanes As President Magufuli Proves Unpredictable

  Tanzanian President John Magufuli made international headlines in October 2015 when he was elected amid a wave of optimism stemming from his tough stance against corruption. Magufuli quickly embarked on a campaign to tackle public sector graft and to dismantle corruption networks in his first year in office. Investors and international media were impressed: it seemed that an African leader was matching election rhetoric with action, and that a promise to tackle corruption was being fulfilled. Non-stop dismissals, stalled policy However, optimism has waned as high-profile dismissals of allegedly corrupt politicians have remained Magufuli’s only policy tool. Tangible public sector reforms have...