Zanzibar govt forms special agency to monitor public funds

07May 2022
The Guardian Reporter
The Guardian
Zanzibar govt forms special agency to monitor public funds

ZANZIBAR government has formed a special economic empowerment agency so as to monitor and ensure that all the funds issued for supporting the citizens to improve their lives are well spent.

Minister of State, President’s Office, Labour, Economy and Investment Mudrik Ramadhan Soraga.

Minister of State, President’s Office, Labour, Economy and Investment Mudrik Ramadhan Soraga told the House of Representatives here when responding to a question by the Pemba North Region Special Seats MP Bihindi Hamad Khamis.

The legislator wanted to know the process used by the government in issuing loans to small-scale entrepreneurs.

The minister said entrepreneurs’ funds have a special system of issuance whereby groups are required to register first so as to access the funds, something which is coordinated by ‘sheha’ of the respective area.

“This is one of the key criteria as these are government funds that target small-scale entrepreneurs and should later be repaid for others also to benefit,” he said.

Elaborating, Soraga said the Zanzibar government has allocated enough funds targeting various groups of entrepreneurs including those working in the blue economy such as seaweed and other sea farming.

“It is high time now for the small-scale entrepreneurs to utilize the opportunity by seeking for the funds so as to invest more in their projects and thus improve their income while contributing to the country’s development,” he explained.

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