Tanzania’s president has said East African neighbours are facing a foreign currency reserve crisis.
President Samia Suluhu Hassan said Tanzania had received requests from its neighbours to offer guarantees for import cover for fuel.“We are in a better place compared to our neighbours.
They’re [foreign currency] can’t last them for a week, ours can push us for four months.
They are here begging us for guarantees so that they can buy fuel.” Mrs. Samia said Tanzania’s economy was the most economically stable in the region at the moment.
Source:Mybrytfmonline.com/Dw Africa
