Tanzanian President Samia Suluhu recently disclosed that a member of the East African Community (EAC) was facing imminent economic crisis after depleting its forex reserves.
The Tanzanian President stated that their economy was strong and assured Tanzanians that they were on the right path economically unlike in the neighbouring state. “Economically, we are the best in EAC, while everyone everyone else is complaining about forex reserves, we have enough to last us four months. “One of our neighbours here does not have even for one week,” she boasted.
Suluhu said the situation was dire in the said country which was asking Tanzania to guarantee them so that they can be loaned fuel and added that she was playing hardball when asked for help from EAC member states. “When they come to us for help, I tell them we are in the same situation although our economy is stronger,” she said
Suluhu’s statement came as there is talk of impending fuel shortage in Kenya. However the Chairman of the Energy and Petroleum Regulatory Authority (EPRA) has assured that there’s enough petroleum products to run the country so there is no need for alarm or panic. Chomba said the shortage was as a result of artificial hoarding by a section of oil marketers. “There is enough stocks to last the country over 16 days and more vessels are scheduled to discharge,” Chomba assured.